The initial public offering (IPO) of Sellowrap Industries Ltd. was subscribed more than two times on the second day of bidding on July 28.The NSE SME issue attracted bids for more than 63 lakh shares against 24.3 lakh shares on offer on Monday, leading to a subscription of 2.62 times, the Chittorgarh data till 12:45 p.m. showed. The retail portion of the IPO was booked 3.2 times, while the Non-Institutional Investors (NIIs) booked their category 4.76 times. However, the Qualified Institutional Buyers’ (QIBs) category has not received any bids so far. The IPO opened for subscription on July 25.Those who want to participate in the Sellowrap Industries IPO subscription can check the following details before applying for the Sellowrap Industries IPO.Patel Chem Specialities IPO Day 2: Latest GMP, Subscription Status And All You Need To KnowSellowrap Industries IPO GMP:The latest grey market premium (GMP) for Sellowrap Industries IPO stood at Rs 18 apiece at 11:54 a.m. on July 28, as per Investorgain. The latest GMP indicated an estimated listing price of Rs 101 a piece for Sellowrap Industries shares. The GMP reflects a potential listing gain of 21.69% per share over the upper limit of the issue price.Note: GMP does not represent official data and is based on speculation.Sellowrap Industries IPO Key DetailsSellowrap Industries IPO is a book-building issue worth Rs 30.28 crore. The SME issue consists entirely of a fresh issue of 36.48 lakh shares in the market.The IPO price band has been fixed at Rs 79 to Rs 83 per share. The company has fixed the IPO lot size at 1,600 shares. Retail investors need to apply for a minimum of two lots (3,200 shares), amounting to an investment of at least Rs 2,65,600. The minimum application size for High Networth Individuals (HNIs) is three lots, or 4,800 shares, aggregating to Rs 3,98,400.The company has set aside 6,91,200 shares for the Qualified Institutional Buyers (QIBs) and 5,23,200 shares for the Non-Institutional Investors. Retail portion of the IPO comprises 12,16,000 shares.The Sellowrap Industries IPO subscription is open till July 29. The IPO share allotment status is expected to be finalised on July 30. The company will initiate refunds and the transfer of shares on July 31.The IPO listing date has been tentatively fixed as Aug. 1. Shares of the company will be listed on the NSE SME platform.Gretex Corporate Services is the lead manager for Sellowrap Industries IPO, while Purva Sharegistry India has been appointed as the registrar for the issue.Use of IPO ProceedsThe company plans to utilise the IPO proceeds for capital expenditure, funding of working capital and general corporate purposesAbout Sellowrap IndustriesFounded in 1983, Sellowrap Industries manufactures adhesive and non-adhesive components for automotive, non-automotive and white goods industries. It operates four advanced manufacturing units across Gurugram, Ranipet, Kancheepuram and Pune.The company’s revenue stood at Rs 163.31 crore in FY25, up 17% compared to Rs 139.09 crore a year ago. Its profit after tax stood at nearly Rs 10 crore in FY25 compared to Rs 5.9 crore in the preceding fiscal.Laxmi India Finance IPO: GMP Indicates 8% Premium Ahead Of July 29 LaunchDisclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.. Read more on IPOs by NDTV Profit.