Sealmatic India IPO is an SME IPO.
About Sealmatic India Ltd
Since its incorporation in 2009, Sealmatic India Limited has been designing and producing mechanical seals and related products. The company primarily manufactures mechanical seals for use in pulp and paper, oil and gas, refineries, petrochemical plants, chemical fertilizer plants, power plants, mines, maritime vessels, pharmaceutical plants, and other industrial spaces.
To satisfy the needs of the customers, Sealmatic produces seals that are specifically tailored. The company’s operations are well known not just in India but even internationally. The company is currently present in over 45 nations, including India. The USA, Sweden, the UK, Germany, Italy, Japan, Norway, Switzerland, Denmark, the Netherlands, Australia, France, and many other nations are among them.
The Sealmatic India Limited’s production facility is located at Shanti Vidya Nagri Road, Mira Road (E), Thane. The area of the land is 3,855.86 square meters. To grow its business, the company intends to build another manufacturing plant. In Thane’s Khindipada Village Vasai East, the second unit will be situated.
Leaders in the industries of power, oil, gas, and pharmaceuticals use Sealmatic’s products. The business claimed to have a 100% retention rate. Fortune 500 firms are among the firm’s clients.
The company’s advantages are:
- One of the few Indian companies approved or registered as suppliers to both domestic and foreign clients.
- Board of Directors with experience and a senior management team are supported by a skilled and qualified workforce.
- Consistently improving financial results, with a 30% increase in Profit After Tax.
- maximum use of currently built capacity and a solid expansion strategy
Sealmatic India IPO Details
|IPO Date||Feb 17, 2023 to Feb 21, 2023|
|Face Value||₹10 per share|
|Price||₹220 to ₹225 per share|
|Lot Size||600 Shares|
|Issue Size||2,499,600 shares of ₹10|
(aggregating up to ₹56.24 Cr)
|Fresh Issue||1,850,000 shares of ₹10|
(aggregating up to ₹[.] Cr)
|Offer for Sale||649,600 shares of ₹10|
(aggregating up to ₹[.] Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||BSE SME|
|Market Cap (₹ Cr.)||203.63|
|QIB Shares Offered||Not more than 40% of the Net Offer|
|NII (HNI) Shares Offered||Not less than 18% of the Net Issue|
|Retail Shares Offered||Not less than 42% of the Offer|
|Market Maker||SUNFLOWER BROKING PVT. LTD.|
|Company Promoters||Mr. Mohamed Hanif Chaudhari, Mr. Umar A K Balwa and Mr. Rafiq H. Balwa are the Promoters of the Company.|
IPO Tentative Timetable
|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|
Sealmatic India IPO Lot Size
|Period Ended||Total Assets||Total Revenue||Profit After Tax||Net Worth||Reserves and Surplus||Total Borrowing|
|Amount in ₹ Lakhs|
Company Contact Information
Sealmatic India Limited
4th Floor, Techniplex -I, Techniplex Complex,
Off Veer Savarkar Flyover,
Goregaon (West), Mumbai – 400062
Phone: +91 9867058592