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
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 |
Objects of the Issue
The Objects of the Net Issue is to raise funds for:
- Purchase of Plant and Machinery
- Product Development
- Marketing and after Sales Support
- General Corporate Purpose
- Provisions and Contingency
- Working Capital Requirement
Sealmatic India IPO Details
| IPO Date | Feb 17, 2023 to Feb 21, 2023 |
| Listing Date | [.] |
| 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 |
| P/E (x) | 18.75 |
| 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. |
Sealmatic India IPO Tentative Timetable
Sealmatic India IPO opens on Feb 17, 2023, and closes on Feb 21, 2023. The Sealmatic India IPO bid date is from Feb 17, 2023 10.00 A.M. to Feb 21, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| 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 |
Sealmatic India IPO Lot Size
The Sealmatic India IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹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
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.38% |
Sealmatic India IPO Review
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…
Sealmatic India IPO Subscription Status (Bidding Detail)
The Sealmatic India IPO is subscribed 0.90 times on Feb 20, 2023 11:22:00 AM. The public issue subscribed 1.44 times in the retail category, 0.00 times in the QIB category, and 1.62 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| QIB | 0.00 |
| NII | 1.62 |
| Retail | 1.44 |
| Total | 0.90 |
Sealmatic India IPO Anchor Investors
Sealmatic India IPO Anchor investor bid ended on Feb 16, 2023. A total of 569,400 shares are offered to Anchor investors. Sealmatic India IPO Anchor Investor Lock-in Period is Apr 13, 2023 for 50% of equity shares and Jul 11, 2023 for the remaining portion.
- Anchor Investor Bid Date: Feb 16, 2023
- Anchor Portion Size: Rs.12.81 crore (Shares offered * Upper Price)
- Anchor lock-in period end date (50% Shares): Around Apr 13, 2023 (30 Days)
- Anchor lock-in period end date (remaining shares): Around Jul 11, 2023 (90 Days)
- Sealmatic India IPO Anchor Investors list
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/