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Sealmatic India IPO is a book built issue of Rs 56.24 crores. The issue is a combination of fresh issue of 18.5 lakh shares aggregating to Rs 41.63 crores and offer for sale of 6.5 lakh shares aggregating to Rs 14.62 crores.
Sealmatic India IPO bidding started from February 17, 2023 and ended on February 21, 2023. The allotment for Sealmatic India IPO was finalized on Friday, February 24, 2023. The shares got listed on BSE SME on March 1, 2023.
Sealmatic India IPO price band is set at ₹220 to ₹225 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹270,000.
Isk Advisors Pvt Ltd is the book running lead manager of the Sealmatic India IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Sealmatic India IPO is Sunflower Broking.
Refer to Sealmatic India IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 7,200,000 |
| Share holding post issue | 9,050,000 |
| Market Maker portion | 126,000 shares Sunflower Broking |
Sealmatic India IPO offers 2,625,600 shares. 379,800 (14.47%) to QIB, 553,200 (21.07%) to NII, 997,200 (37.98%) to RII 569,400 (21.69%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| 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 raises Rs 12.81 crore from anchor investors. Sealmatic India IPO Anchor bid date is February 16, 2023. Sealmatic India IPO Anchor Investors list
| Bid Date | February 16, 2023 |
| Shares Offered | 569,400 |
| Anchor Portion Size (In Cr.) | 12.81 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 26, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 25, 2023 |
Sealmatic India IPO opens on February 17, 2023, and closes on February 21, 2023.
| IPO Open Date | Friday, February 17, 2023 |
| IPO Close Date | Tuesday, February 21, 2023 |
| Basis of Allotment | Friday, February 24, 2023 |
| Initiation of Refunds | Monday, February 27, 2023 |
| Credit of Shares to Demat | Tuesday, February 28, 2023 |
| Listing Date | Wednesday, March 1, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 21, 2023 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| HNI (Min) | 2 | 1,200 | ₹270,000 |
| Lot Size Calculator | |||
Mr. Mohamed Hanif Chaudhari, Mr. Umar A K Balwa and Mr. Rafiq H. Balwa are the Promoters of the Company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.38% |
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:
| 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 | ||||||
The market capitalization of Sealmatic India IPO is Rs 203.63 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 18.75 |
The Objects of the Net Issue is to raise funds for:
[Dilip Davda] 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...
The Sealmatic India IPO is subscribed 16.61 times on February 21, 2023 6:57:00 PM. The public issue subscribed 12.06 times in the retail category, 8.71 times in the QIB category, and 30.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 8.71 |
| NII | 30.22 |
| Retail | 12.06 |
| Total | 16.61 |
| Listing Date | March 1, 2023 |
| BSE Script Code | 543782 |
| NSE Symbol | |
| ISIN | INE0O4601016 |
| Final Issue Price | ₹225 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹225.00 |
| ₹225.00 |
| ₹216.00 |
| ₹236.25 |
| ₹236.25 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nvl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Sealmatic India IPO is a SME IPO of 2,499,600 equity shares of the face value of ₹10 aggregating up to ₹56.24 Crores. The issue is priced at ₹220 to ₹225 per share. The minimum order quantity is 600 Shares.
The IPO opens on February 17, 2023, and closes on February 21, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sealmatic India IPO using UPI as a payment gateway. Zerodha customers can apply in Sealmatic India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sealmatic India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sealmatic India IPO opens on February 17, 2023 and closes on February 21, 2023.
Sealmatic India IPO lot size is 600 Shares, and the minimum amount required is ₹135,000.
You can apply in Sealmatic India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sealmatic India IPO will be done on Friday, February 24, 2023, and the allotted shares will be credited to your demat account by Tuesday, February 28, 2023. Check the Sealmatic India IPO allotment status.
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