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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:
The Objects of the Net Issue is to raise funds for:
| 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 Size | 2,499,600 shares (aggregating up to ₹56.24 Cr) |
| Fresh Issue | 1,850,000 shares (aggregating up to ₹41.63 Cr) |
| Offer for Sale | 649,600 shares of ₹10 (aggregating up to ₹14.62 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| QIB Shares Offered | 379,800 (Not more than 40% of the Net Offer) |
| NII (HNI) Shares Offered | 553,200 (Not less than 18% of the Net Issue) |
| Retail Shares Offered | 997,200 (Not less than 42% of the Offer) |
| Market Maker portion | 126,000 shares (SUNFLOWER BROKING PVT. LTD.) |
| Anchor Investor Shares Offered | 569,400 |
| Total Shares Offered | 1,930,200 |
| KPI | Values |
|---|---|
| P/E (x) | 18.75 |
| Market Cap (₹ Cr.) | 203.63 |
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 |
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 | |||
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% |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,325.06 | 3,358.88 | 494.14 | 1,524.67 | 1,504.67 | 278.30 |
| 31-Mar-21 | 2,975.94 | 3,548.18 | 649.76 | 2,174.43 | 2,154.43 | 272.62 |
| 31-Mar-22 | 3,947.36 | 4,276.80 | 841.46 | 3,015.89 | 2,995.89 | 93.56 |
| 30-Sep-22 | 5,108.52 | 2,582.12 | 543.45 | 3,550.15 | 2,830.15 | 224.39 |
| Amount in ₹ Lakhs | ||||||
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 8.71 |
| NII | 30.22 |
| Retail | 12.06 |
| Total | 16.61 |
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 |
| Listing Date | Mar 1, 2023 |
| BSE Script Code | 543782 |
| NSE Symbol | |
| ISIN | INE0O4601016 |
| IPO Price | ₹225 per share |
| Price Details |
|---|
| IPO Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹225.00 |
| ₹225.00 |
| ₹216.00 |
| ₹236.25 |
| ₹236.25 |
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/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: nvl.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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
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.
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