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:
- One of few Indian Company Approved/ Registered as vendors with National & International customers.
- Experienced Board of Directors & Senior Management team supported by Skilled & Qualified Workforce.
- Consistent financial performance with about 30% growth in Profit After Tax.
- Optimum utilization of existing installed capacity & firm plan for Expansion
Sealmatic India IPO Details
Sealmatic India IPO is a Book Built Issue. The IPO total issue size is Rs 56.24 Cr. The Sealmatic India IPO price is ₹220 to ₹225 per share. The IPO will list on BSE SME.
| 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 |
| Market Maker portion | 126,000 shares |
Sealmatic India IPO Reservation
Sealmatic India IPO a total of 2,625,600 shares are offered. QIB: 379,800 (14.47%), RII: 997,200 (37.98%), NII: 553,200 (21.07%).
| Anchor Investor Shares Offered | 569,400 (21.69%) |
| Market Maker Shares Offered | 126,000 (4.80%) |
| QIB Shares Offered | 379,800 (14.47%) |
| NII (HNI) Shares Offered | 553,200 (21.07%) |
| Retail Shares Offered | 997,200 (37.98%) |
| Total Shares Offered | 2,625,600 (100%) |
Sealmatic India IPO Anchor Investors Details
Sealmatic India IPO raises Rs 12.81 crore from anchor investors. Sealmatic India IPO Anchor bid date is Feb 16, 2023. 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 Timetable (Tentative)
Sealmatic India IPO opens on Feb 17, 2023, and closes on Feb 21, 2023.
| IPO Open Date | Friday, 17 February 2023 |
| IPO Close Date | Tuesday, 21 February 2023 |
| Basis of Allotment | Friday, 24 February 2023 |
| Initiation of Refunds | Monday, 27 February 2023 |
| Credit of Shares to Demat | Tuesday, 28 February 2023 |
| Listing Date | Wednesday, 1 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 21, 2023 |
Sealmatic India IPO Lot Size
The minimum lot size of this Sealmatic India IPO is 600 shares required is ₹135,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1,200 | ₹270,000 |
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
| 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 | ||||||
Key Performance Indicator
Sealmatic India IPO Market Cap is Rs 203.63 Cr and P/E (x) is 18.75.
| KPI | Values |
|---|---|
| P/E (x) | 18.75 |
| Market Cap (₹ Cr.) | 203.63 |
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