Sealmatic India Limited IPO (Sealmatic India IPO) Detail

Feb 17, 2023 - Feb 21, 2023

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

Objects of the Issue

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 Details

IPO Date Feb 17, 2023 to Feb 21, 2023
Listing Date Mar 1, 2023
Face Value ₹10 per share
Price ₹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

Sealmatic India IPO Reservation

QIB Shares Offered379,800 (Not more than 40% of the Net Offer)
NII (HNI) Shares Offered553,200 (Not less than 18% of the Net Issue)
Retail Shares Offered997,200 (Not less than 42% of the Offer)
Market Maker portion126,000 shares (SUNFLOWER BROKING PVT. LTD.)
Anchor Investor Shares Offered569,400
Total Shares Offered1,930,200


KPI Values
P/E (x)18.75
Market Cap (₹ Cr.)203.63

Sealmatic India IPO Tentative Timetable

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

Event Tentative Date
Opening Date Feb 17, 2023
Closing Date Feb 21, 2023
Basis of Allotment Feb 24, 2023
Initiation of Refunds Feb 27, 2023
Credit of Shares to Demat Feb 28, 2023
Listing Date Mar 1, 2023
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Sealmatic India IPO Lot Size

The Sealmatic India IPO lot size is 600 shares.

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.

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

Company Financials

Sealmatic India Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

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 Feb 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)

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Sealmatic India IPO Anchor Investors Details

Sealmatic India IPO Anchor Investors list

Bid Date Feb 16, 2023
Shares Offered 569,400
Anchor Portion Size (In Cr.) 12.81
Anchor lock-in period end date for 50% shares (30 Days) Apr 13, 2023
Anchor lock-in period end date for remaining shares (90 Days) Jul 11, 2023

Sealmatic India IPO Prospectus

Sealmatic India IPO Rating

Rating:Rated 4.1 stars
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Sealmatic India IPO Listing Details

Listing Date Mar 1, 2023
BSE Script Code 543782
NSE Symbol
ISIN INE0O4601016
IPO Price ₹225 per share

Listing Day Trading Information

Price Details
IPO Price
Last Trade

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Company Contact Information

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://karisma.kfintech.com/

Sealmatic India IPO Analysis

Sealmatic India IPO Recommendation Summary

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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 Feb 17, 2023, and closes on Feb 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 Feb 17, 2023 and closes on Feb 21, 2023.

Sealmatic India IPO lot size is 600 Shares and the minimum order quantity is .

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 Feb 24, 2023, and the allotted shares will be credited to your demat account by Feb 28, 2023. Check the Sealmatic India IPO allotment status.

The Sealmatic India IPO listing date is on Mar 1, 2023.
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