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Sealmatic India Limited IPO (Sealmatic India IPO) Detail

February 17, 2023 - February 21, 2023

Sealmatic India IPO is a book built issue of Rs 56.24 crores. The issue is a combination of fresh issue of 18.5 lakh shares aggregating to Rs 41.63 crores and offer for sale of 6.5 lakh shares aggregating to Rs 14.62 crores.

Sealmatic India IPO bidding started from February 17, 2023 and ended on February 21, 2023. The allotment for Sealmatic India IPO was finalized on Friday, February 24, 2023. The shares got listed on BSE SME on March 1, 2023.

Sealmatic India IPO price band is set at ₹220 to ₹225 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹270,000.

Isk Advisors Pvt Ltd is the book running lead manager of the Sealmatic India IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Sealmatic India IPO is Sunflower Broking.

Refer to Sealmatic India IPO RHP for detailed information.

Sealmatic India IPO Details

IPO Date February 17, 2023 to February 21, 2023
Listing Date March 1, 2023
Face Value ₹10 per share
Price Band ₹220 to ₹225 per share
Lot Size 600 Shares
Total Issue Size2,499,600 shares
(aggregating up to ₹56.24 Cr)
Fresh Issue1,850,000 shares
(aggregating up to ₹41.63 Cr)
Offer for Sale649,600 shares of ₹10
(aggregating up to ₹14.62 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Market Maker portion126,000 shares
Sunflower Broking

Sealmatic India IPO Reservation

Sealmatic India IPO offers 2,625,600 shares. 379,800 (14.47%) to QIB, 553,200 (21.07%) to NII, 997,200 (37.98%) to RII 569,400 (21.69%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered569,400 (21.69%)
Market Maker Shares Offered126,000 (4.80%)
QIB Shares Offered379,800 (14.47%)
NII (HNI) Shares Offered553,200 (21.07%)
Retail Shares Offered997,200 (37.98%)
Total Shares Offered2,625,600 (100%)

Sealmatic India IPO Anchor Investors Details

Sealmatic India IPO raises Rs 12.81 crore from anchor investors. Sealmatic India IPO Anchor bid date is February 16, 2023. Sealmatic India IPO Anchor Investors list

Bid Date February 16, 2023
Shares Offered 569,400
Anchor Portion Size (In Cr.) 12.81
Anchor lock-in period end date for 50% shares (30 Days) March 26, 2023
Anchor lock-in period end date for remaining shares (90 Days) May 25, 2023

Sealmatic India IPO Timeline (Tentative Schedule)

Sealmatic India IPO opens on February 17, 2023, and closes on February 21, 2023.

IPO Open Date Friday, February 17, 2023
IPO Close Date Tuesday, February 21, 2023
Basis of Allotment Friday, February 24, 2023
Initiation of Refunds Monday, February 27, 2023
Credit of Shares to Demat Tuesday, February 28, 2023
Listing Date Wednesday, March 1, 2023
Cut-off time for UPI mandate confirmation 5 PM on February 21, 2023

Sealmatic India IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 600 ₹135,000
Retail (Max) 1 600 ₹135,000
HNI (Min) 2 1,200 ₹270,000
Lot Size Calculator

Sealmatic India IPO Promoter Holding

Mr. Mohamed Hanif Chaudhari, Mr. Umar A K Balwa and Mr. Rafiq H. Balwa are the Promoters of the Company.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 72.38%

About Sealmatic India Limited

Incorporated in 2009, Sealmatic India Limited is engaged in the business of designing and manufacturing of mechanical seals and associated products. The Mechanical seals manufactured by the company are mainly used in pulp & paper, Oil & Gas, refinery, petrochemical, chemical, fertilizer, power, mining, aerospace, marine, pharmaceutical, and other industrial spaces.

Sealmatic manufactures customized seals in order to meet the requirements of the customers. The operations of the company are widely recognized not alone in India, but worldwide too. Currently, the company has a presence in over 45 countries including India. Some of the countries are the USA, Sweden, the UK, Germany, Italy, Japan, Norway, Switzerland, Denmark, Netherlands, Australia, France, and many more.

The manufacturing unit of Sealmatic India Limited is situated at Shanti Vidya Nagri Road, Mira Road (E), Thane. The land is spread across 3,855.86 Sq. Mtrs. The company is planning to set up another manufacturing facility to expand its operations. The second unit will be located in Khindipada Village Vasai East, Thane.

Sealmatic supplies its products to industry leaders from sectors like Pharma, Oil and Gas industry, and Power. The company stated that it has a retention rate of 100%. The customers of the company include fortune 500 companies.

The strengths of the company are:

  1. One of few Indian Company Approved/ Registered as vendors with National & International customers.
  2. Experienced Board of Directors & Senior Management team supported by Skilled & Qualified Workforce.
  3. Consistent financial performance with about 30% growth in Profit After Tax.
  4. Optimum utilization of existing installed capacity & firm plan for Expansion

Company Financials

Sealmatic India Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,325.063,358.88494.141,524.671,504.67278.30
31-Mar-212,975.943,548.18649.762,174.432,154.43272.62
31-Mar-223,947.364,276.80841.463,015.892,995.8993.56
30-Sep-225,108.522,582.12543.453,550.152,830.15224.39
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Sealmatic India IPO is Rs 203.63 Cr.

Pre IPO Post IPO
P/E (x) 18.75

Objects of the Issue (Sealmatic India IPO Objectives)

The Objects of the Net Issue is to raise funds for:

  1. Purchase of Plant and Machinery
  2. Product Development
  3. Marketing and after Sales Support
  4. General Corporate Purpose
  5. Provisions and Contingency
  6. Working Capital Requirement

Sealmatic India IPO Review (Apply)

[Dilip Davda]  The company is a preferred partner for the critical products manufactured by it. It has posted growth in its top and bottom lines for the reported periods. It has also announced a dividend of 10% for FY22. Though the issue appears fully priced, it is a long race horse. Hence investors may consider an investment with a long term perspective. Read detail review...


Sealmatic India IPO Subscription Status (Bidding Detail)

The Sealmatic India IPO is subscribed 16.61 times on February 21, 2023 6:57:00 PM. The public issue subscribed 12.06 times in the retail category, 8.71 times in the QIB category, and 30.22 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB8.71
NII30.22
Retail12.06
Total16.61

Sealmatic India IPO Prospectus

Sealmatic India IPO Rating

155
4.1
Rating:Rated 4.1 stars
Vote Here ...

Sealmatic India IPO Listing Details

Listing Date March 1, 2023
BSE Script Code 543782
NSE Symbol
ISIN INE0O4601016
Final Issue Price ₹225 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹225.00
₹225.00
₹216.00
₹236.25
₹236.25

Check IPO Performance…

Sealmatic India Limited Contact Details

Sealmatic India Limited
4th Floor, Techniplex -I, Techniplex Complex,
Off Veer Savarkar Flyover,
Goregaon (West), Mumbai - 400062
Phone: +91 9867058592
Email: compliance@sealmaticindia.com
Website: https://www.sealmaticindia.com/

Sealmatic India IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: nvl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Sealmatic India IPO - Buy or Not

Sealmatic India IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 3 0 0

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Sealmatic India IPO FAQs

Sealmatic India IPO is a SME IPO of 2,499,600 equity shares of the face value of ₹10 aggregating up to ₹56.24 Crores. The issue is priced at ₹220 to ₹225 per share. The minimum order quantity is 600 Shares.

The IPO opens on February 17, 2023, and closes on February 21, 2023.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Sealmatic India IPO using UPI as a payment gateway. Zerodha customers can apply in Sealmatic India IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sealmatic India IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sealmatic India IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sealmatic India IPO opens on February 17, 2023 and closes on February 21, 2023.

Sealmatic India IPO lot size is 600 Shares, and the minimum amount required is ₹135,000.

You can apply in Sealmatic India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sealmatic India IPO will be done on Friday, February 24, 2023, and the allotted shares will be credited to your demat account by Tuesday, February 28, 2023. Check the Sealmatic India IPO allotment status.

The Sealmatic India IPO listing date is on March 1, 2023.
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Sealmatic India IPO Message Board

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537 Comments

230. SJogi |   Link |  Bookmark |March 14, 2023 9:35:01 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Will add if available near 200
230.4. IPOmentor |   Link |  Bookmark |March 17, 2023 6:39:53 PM
Ekbar jaroor milega below @200
230.5. SJogi |   Link |  Bookmark |March 18, 2023 8:04:22 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Yea hope so.
229. Yusufnoor |   Link |  Bookmark |March 9, 2023 10:44:59 AM
Maine @254 pe liya hi sir hold karu ya exit ho jan chaiye please batayiye sir koi
229.4. IPOmentor |   Link |  Bookmark |March 13, 2023 5:15:19 PM
Jitana mile utna lalo baki merket ka hal bura hai
229.5. Yusufnoor |   Link |  Bookmark |March 14, 2023 9:51:34 AM
Thank you so much sir@NayanD,@Sjogi,@Ipoaspire,@IPOmentor,,
228. SJogi |   Link |  Bookmark |March 7, 2023 7:29:41 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
it will be risky to buy it at 265+ levels as some QIB may book profit and retailers will be trapped.
228.1. SJogi |   Link |  Bookmark |March 8, 2023 12:50:19 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
At LC
Bouncing back will be very difficult.
227. IPO. IPO👍 |   Link |  Bookmark |March 5, 2023 11:55:42 PM
@ipoaspire and all experts,
Today is 4th day. Buy or not? Please share your views. Thanks in advance.
227.2. Ipoaspire |   Link |  Bookmark |March 8, 2023 7:43:55 PM (300+ Posts)
Bought 2 lots today....company is very good.. fundamentals are much stronger than recently listed sme . fluctuations will be temporary...the company has no listed peers... expecting it to cross 400 levels after next results...let's see
227.3. SJogi |   Link |  Bookmark |March 8, 2023 10:20:58 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
will buy if it comes near 220 level.
226. Ipoaspire |   Link |  Bookmark |March 3, 2023 6:48:35 AM (300+ Posts)
another uc may be expected but i feel QIB will start selling from Monday . retailers be careful .i m not against its fundamentals but as seen in many sme QIB are not long term holders ,they book even a profit of 10 to 20 %and move to other especially in these days when market is not stable.rest is ur decision
226.1. Ipoaspire |   Link |  Bookmark |March 3, 2023 9:00:37 AM (300+ Posts)
Definitely this is a good company and its fundamentals are much stronger than recent sme including all e tech ,earth etc and doesn't have any listed peers who is a huge advantage for it...but only concern is QIB.
226.2. ratna ratna |   Link |  Bookmark |March 3, 2023 9:00:56 AM
but there is lock in period for QIB right ..they cannot sell until 1 month is over? Am i right?

CAN some expert confirm?
225. ratna ratna |   Link |  Bookmark |March 2, 2023 9:57:08 AM
Anchor INVESTOR comes in QIB ? Am I right?

If yes, then there is 50% locking for anchor investor for 1 month... How can they sell? Only MM can sell as there is no restriction...

Can someone confirm on this please that Anchor INVESTOR comes in QIB or NOT?

awaiting EXPERT reply...
225.1. Gaurav DD dimer |   Link |  Bookmark |March 2, 2023 5:01:52 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Anchor comes in QIB - yes

Anchor have Lock in - Yes

QIB can sell on listing - Yes (other than anchor investors).
225.2. ratna ratna |   Link |  Bookmark |March 3, 2023 9:09:05 AM
@Gaurav DD dimer

So here is Final take. sir ..

Retail- can buy/sell at day . No lock in.
QIB- Only hose QIB which are NOT qualified as Anchor can sell on listing day.
Anchor - CANNOT sell due to 1 month lock-in.

So best approach is to wait...at least 1 month for price discovery if someone wants to enter SME IPO. Better would be wait for 6 month..as Anchor may exit another 50% after 6 months. as well.

But where there is fixed price band, there is NO ANCHOR no QIB...
only retail/HNI..both can buy /sell any time..

PLEASE EXPERT CONFIRMATION Needed.
224. Kapz |   Link |  Bookmark |March 2, 2023 8:36:48 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Bulk deals from yesterday-
AMARCHAND GOUTAMCHAND BAID      Bulk      Purchase      01 Mar 2023      225      60,000      BSE
ANILKUMAR      Bulk      Purchase      01 Mar 2023      233.06      61,200      BSE
RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITED      Bulk      Sell      01 Mar 2023      232.81      208,200      BSE
223. Arjun Rajkot |   Link |  Bookmark |March 1, 2023 8:10:54 PM
IPO Guru IPO Guru (1000+ Posts, 1900+ Likes)
Very Bad Listing

I have not Sold my shares
Let see What happens next.

222. Earthking |   Link |  Bookmark |March 1, 2023 6:11:09 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)

01 Mar 2023       RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITED       S       208200       232.81
01 Mar 2023       AMARCHAND GOUTAMCHAND BAID       P       60000       225.00
01 Mar 2023       ANILKUMAR       P       61200       233.06

Bulk deals ...
221. SHAREKHAN BROKER |   Link |  Bookmark |March 1, 2023 2:58:51 PM
BOUGHT 10 LOTS

TGT 350
221.4. arvindarvind |   Link |  Bookmark |March 2, 2023 9:10:59 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Holding tightly
One multibager having 5 fold returns will compensate 20 bad stock in portfolio
221.5. IPO earner |   Link |  Bookmark |March 4, 2023 9:56:56 AM
Holding tightly 1 lot.
No plans to sell before 380-400
220. lokes |   Link |  Bookmark |March 1, 2023 12:41:02 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
Holding my allotted 1 lot here....hopefully circuit may continue for 1-2 more days, a lot depends on QIB as they have huge portion with them, most of the retailers have sold already....
220.6. Arca |   Link |  Bookmark |March 1, 2023 3:55:56 PM (1000+ Posts, 500+ Likes)
At the time of listing itself i felt vital will go down because same industry mainboard company ACI was available at low valuation whereas this one listed @ 50-60% premium. Now vital seems like good entry but will wait till March results of all companies, if it is very bad then recession is definitely coming. Stock market would go down atleast 10%. All good Sme would be available at throw away prices at that time. Prefer debt free companies now if it all you prefer to invest , all interest rate increases and loss of revenue makes earnings negative. Even now some debt ridden companies are at very cheap price.
Ambo and pritika were the worst loss for me in short time.

220.7. NayanD |   Link |  Bookmark |March 1, 2023 4:50:44 PM
Vital group has many businesses. They made chemtech (phosphorus business, commodity chemical) public. Other businesses like speciality chemicals and neutraceticals are still private. Had they made whole business public, it had outshined. I made entry in preopen but luckily made exit with nominal gain after averaging. Promotors don't care much, they have other businesses to run.
219. Arca |   Link |  Bookmark |March 1, 2023 12:39:41 PM (1000+ Posts, 500+ Likes)
It is really painful 🥲 to see IPOs going up when you don't buy (sealmatic)or after selling (Gayatri).

Good luck to all holding.
Fundamentally good stock but be careful don't add more than 1 lot if you are a new comer or haven't earned profit in sme yet.
218. Vensu |   Link |  Bookmark |March 1, 2023 12:17:44 PM
This is one of the Good IPO I have seen in the recent past. Just created unwanted pressure in the pre-opening to create panic selling. This Company financials are good & as per my understanding this company is a preferred partner for the critical products manufactured by it. Why people have sold in the morning such a low price. I have applied in this share & couldn't get the allotment.
Therefore I purchased in pre-opening session at Rs.225/-. Even I was ready to buy upto Rs.250/- Planning to hold for at least for Three months for good gains. I think this may go like Varanium Cloud IPO way. Varanium IPO price Rs.122/-, it opened at a less premium of Rs.131/- but touched intraday of Rs.124.45, infact subscription was also very less. But later stock went till 1602. Another one example "Cool Caps" IPO price Rs.38/-, it opened below IPO price at Rs.35.90 and even it closed on listing day below the IPO price, but it later went upto Rs.548/-. We should not expect all the SME IPOs should open with good premium. Please don't apply same formula for all the SME IPOs and don't spread unnecessary negative rumors. Mr.Dilip Devda will not give his recommendation as "Apply" unless if it is a good IPO. This is just my analysis. You may take your own call for purchasing the shares.
217. Hope is life |   Link |  Bookmark |March 1, 2023 11:52:18 AM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
i read one quote some where

that

NEVER EVER TRY TO PROVE UR SELF RIGHT IN SHARE MARKET...

in this regards i m saying something...

many expert saying fundamental is good ..

we should hold...

but i m also thinking same but after listing
i m thinking different

once it listed around its ipo price...

if goes down from ipo price then IT WILL TAKE SO MUCH TIME TO COME AGAIN AT IPO PRICE because of huge size..

.(there are so many examples in market that much more fundamentally strong companies struggling)

best of luck to all who still holding...

this is my personal, no suggestions...
216. Earthking |   Link |  Bookmark |March 1, 2023 11:16:46 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Since now T+1 rule implemented , will the shares bought at today pre-open can be sold tomorrow ???
216.5. Earthking |   Link |  Bookmark |March 2, 2023 8:44:03 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
HDFC Sec 3in1 account
216.6. Alwayslucky |   Link |  Bookmark |March 3, 2023 8:51:16 AM
Considering T+1 rule shall we sell sell bought today on Monday in zerodha? Expert kindly reply
215. IPO LEADER |   Link |  Bookmark |March 1, 2023 11:35:13 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Guna lobby active, will give decent return
214. Earthking |   Link |  Bookmark |March 1, 2023 11:08:47 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Sealmatic listing today reminds me of Adani Wilmar listing... In wilmar pre open huge panic is created and i sold all my alloted shares at just 2% profit ,then it had three continous upper circuits(20%) ... though i am not saying sealmatic will have three upper circuits but the panic created in pre open made many good investors who got allotted(we all know how diff to get allotment in good SME ipo) to exit once it opened in +ve territory with meagre or no profit...
213. Amit Jaipur |   Link |  Bookmark |March 1, 2023 8:57:28 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Not able to sell in preopen due to some technical issue. Order doesnt took place. Mar gaye lagta hai.
213.3. Amit Jaipur |   Link |  Bookmark |March 1, 2023 9:39:10 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Tejas bhai bech diya 225.90.
213.4. PLAZA |   Link |  Bookmark |March 1, 2023 11:08:27 AM
IPO Guru IPO Guru (1900+ Posts, 1200+ Likes)
Good . At least brokerage not paid from own pocket .
Fir milenga mooka kisi aur mein
212. Noorul |   Link |  Bookmark |March 1, 2023 9:11:24 AM
Pathetic listing. There was GMP running till last night, fundamentals are strong.. but again big issue size prove to be a villan. I took exit.. SME sentiments are already on worse side.
212.3. Kapz |   Link |  Bookmark |March 1, 2023 10:17:45 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
@plaza, Chaman opened at 68, against IPO price of 38 i.e. 79% premium..where as Sealmatic opened flat… so it’s not the same.
212.4. PLAZA |   Link |  Bookmark |March 1, 2023 11:06:30 AM
IPO Guru IPO Guru (1900+ Posts, 1200+ Likes)
@Kapz Absolute correct everyone had chance to quit in chaman but my reply for the whole where fundamentals are good LM is good but with no interest of public ,
211. IPOJoker |   Link |  Bookmark |March 1, 2023 10:07:20 AM
Wanted to sell 2 lots but angel has restriction that only 1 lot of SME can be sold in a day. weird and pathetic.

holding 1 lot. as of now in the money on angels nonsense policies.
211.6. IPO. IPO👍 |   Link |  Bookmark |March 5, 2023 11:58:57 PM
@NayanD, any bulk deals data? Please share 🙏
211.7. arvindarvind |   Link |  Bookmark |March 6, 2023 9:21:22 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
How you are saying QIB is selling.
I have not not any authentic data.
Please explain.