The Sealmatic India date has been confirmed from February 17 and ended on February 21 .
The Sealmatic India IPO, valued at Rs 56.24 crores, was a book built issue. It consisted of a fresh issue of 18.5 lakh shares, amounting to Rs 41.63 crores, and an offer for sale of 6.5 lakh shares, totaling Rs 14.62 crores. Bidding for the Sealmatic India IPO commenced on February 17, 2023, and concluded on February 21, 2023. The allotment for the IPO was finalized on Friday, February 24, 2023. Subsequently, the shares were listed on BSE SME on March 1, 2023.
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Bidding Dates
February 17 – 21 ,2023
Price Range
₹220 to ₹225 per share
Face Value
₹10 per share
GMP
₹14
Sealmatic India GMP
The Sealmatic India IPO GMP is ₹[14 ].
IPO Overview
The price range for the Sealmatic India IPO has been established at ₹220 to ₹225 per share. To apply for this IPO, a minimum lot size of 600 shares is required. Retail investors must invest a minimum amount of ₹135,000. On the other hand, high net worth individuals (HNIs) are required to invest in 2 lots, which amounts to 1,200 shares, totaling ₹270,000.
Sealmatic India Limited, established in 2009, is involved in the design and production of mechanical seals and related products. The company specializes in manufacturing mechanical seals that find extensive applications in various industries such as pulp & paper, oil & gas, refinery, petrochemical, chemical, fertilizer, power, mining, aerospace, marine, pharmaceutical, and other industrial sectors.
Sealmatic India IPO Date & Price Band 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 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 |
| Market Maker portion | 126,000 shares |
Sealmatic India IPO Market Lot
Investors have the opportunity to place bids for a minimum of 600 shares, and they can increase their bids in multiples of this amount. The table provided below illustrates the minimum and maximum investment limits for both retail investors and high net worth individuals (HNIs) in terms of shares and monetary value.
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1,200 | ₹270,000 |
Sealmatic India Company Financials
| Financial year | Total Income | Total Expense | Profit After Tax |
| Parameters | FY20 | FY21 | FY22 |
| Revenue from operation | 3,309.13 | 3,532.58 | 4,254.06 |
| EBITDA | NA | NA | NA |
| EBITDA Margin (%) | NA | NA | NA |
| Profit After Tax | 494.13 | 649.76 | 841.46 |
| EPS (Basic) | 247.06 | 324.88 | 420.73 |
| ROE | NA | NA | NA |
Company Profile
Established in 2009, Sealmatic India Limited specializes in the design and production of mechanical seals and related products. These high-quality seals are utilized in various industries such as pulp and paper, oil and gas, refinery, petrochemical, chemical, fertilizer, power, mining, aerospace, marine, pharmaceutical, and other industrial sectors. Sealmatic prides itself on its ability to create customized seals that cater to the specific requirements of its customers. The company’s exceptional operations have gained recognition not only in India but also on a global scale. Currently, Sealmatic has a strong presence in more than 45 countries, including the United States, Sweden, the United Kingdom, Germany, Italy, Japan, Norway,
Denmark, the Netherlands, Australia, France, and many others. Situated at Shanti Vidya Nagri Road, Mira Road (E), Thane, Sealmatic India Limited’s manufacturing unit covers an expansive area of 3,855.86 square meters. In order to further expand its operations, the company is planning to establish a second manufacturing facility in Khindipada Village, Vasai East, Thane.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | 0406 7162 222, 0407 9611 000 |
| Email ID | nvl.ipo@kfintech.com |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | Sealmatic India Limite |
| Phone number | +91 98670 58592 |
| Email ID | compliance@sealmaticindia.com |
| Website | https://www.sealmaticindia.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
