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.
Sealmatic India IPO – Details
| IPO Opening Date | 17 February 2023 |
| IPO Closing Date | 21 February 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 24,99,600 Shares Worth ₹56.24 Crore Fresh Issue: 18,50,000 Shares Worth ₹[] Crore Offer For Sale: 6,49,600 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹220 – ₹225 |
| Market Lot | 600 Shares |
| Min Order1 | 600 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | KFin Technologies Limited |
| QIB Shares Offered | 40% |
| Retail Shares Offered | 18% |
| NII (HNI) Shares Offered | 42% |
Sealmatic India IPO – Date Schedule
| IPO Open Date | 17 February 2023 |
| IPO Close Date | 21 February 2023 |
| Basis of Allotment | 24 February 2023 |
| Initiation of Refunds | 27 February 2023 |
| Credit of Shares to Demat Account | 28 February 2023 |
| IPO Listing Date | 01 March 2023 |
Sealmatic India IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 600 | 1,35,000 |
| Maximum | 1 | 600 | 1,35,000 |
Competitive Strengths
- Existing Customer base of domestic and overseas clients.
- One of few Indian companies approved/registered as vendor with national and international buyers.
- Experienced Board of Directors and senior management team supported by skilled and qualified workforce.
- Consistent financial performance with about 30 % growth in profit after taxes.
- Optimum utilisation of existing installed capacity and firm plan for expansion.
Company Promoters
- Mr. Mohamed Hanif Chaudhari
- Mr. Umar A K Balwa
- Mr. Rafiq H. Balwa
Object Of The Issue
- Purchase of Plant and Machinery.
- Product Development.
- Marketing and after Sales Support.
- General Corporate Purpose.
- Provisions and Contingency.
- Working Capital Requirement.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 33.58 | 25.42 | 4.94 |
| 31 March 2021 | 35.57 | 25.18 | 6.49 |
| 31 March 2022 | 42.76 | 30.50 | 8.41 |
| 30 September 2022 | 25.82 | 17.60 | 5.43 |
Sealmatic India IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.38% |
Sealmatic India IPO Prospectus
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 Lead Manager(s)
| 1. ISK Advisors Pvt Ltd |
Sealmatic India IPO FAQs
| What is Sealmatic India IPO? Sealmatic India IPO is a SME IPO. The issue is priced at ₹220 – ₹225 per equity share. The IPO is to be listed on NSE SME. |
| When Sealmatic India IPO will open? The IPO is to open on 17 February 2023 for NII and Retail Investors. |
| What is Sealmatic India IPO Investors Portion? The investors portion for QIB-40%, NII-42%, and Retail-18%. |
| How to Sealmatic India IPO? You can apply Sealmatic India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sealmatic India IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sealmatic India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sealmatic India IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sealmatic India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Sealmatic India IPO Size? Sealmatic India IPO size is ₹56.24 crores. |
| What is Sealmatic India IPO Price Band? Sealmatic India IPO Price Band is ₹220 – ₹225. |
| What is Sealmatic India IPO Minimum and Maximum Lot Size? The minimum bid is 600 Shares with ₹1,35,000 amount while the maximum bid is 600 shares with ₹1,35,000. |
| What is the Sealmatic India IPO Allotment Date? Sealmatic India IPO allotment date is 24 February 2023. |
| What is the Sealmatic India IPO Listing Date? Sealmatic India IPO listing date is 01 March 2023. The IPO is to list on NSE SME. |
