New Delhi, July 28 -- Sellowrap Industries IPO in focus today: The IPO of Sellowrap Industries, which opened for bidding on Friday, witnessed healthy investor interest on its second day. The issue received bids for 1.04 crore shares against the 24.30 lakh shares on offer, resulting in a total subscription of 4.29 times at the end of Day 2.

The retail investor segment was subscribed 5.70 times, while the non-institutional investor (NII) category saw 6.67 times subscription. The Qualified Institutional Buyer (QIB) portion has not yet opened for bidding.

The company plans to utilize the net proceeds from the issue towards capital expenditure for the purchase of plant and machinery, infrastructure development, and other auxiliary equipment,...