Admin
15 February 2023

Sealmatic India Limited IPO Date, Allotment, and All Details

Sealmatic India Limited

Since its incorporation in 2009, Sealmatic India Limited has been designing and producing mechanical seals and related products. The company primarily manufactures mechanical seals for use in pulp and paper, oil and gas, refineries, petrochemical plants, chemical fertilizer plants, power plants, mines, maritime vessels, pharmaceutical plants, and other industrial spaces.

To satisfy the needs of the customers, Sealmatic produces seals that are specifically tailored. The company's operations are well known not just in India but even internationally. The company is currently present in over 45 nations, including India. The USA, Sweden, the UK, Germany, Italy, Japan, Norway, Switzerland, Denmark, the Netherlands, Australia, France, and many Other nations are among them.

Sealmatic India Limited's production facility is located at Shanti Vidya Nagri Road, Mira Road (E), Thane. The area of the land is 3,855.86 square metres. To grow its business, the company intends to build another manufacturing plant. In Thane's Khindipada Village Vasai East, the second unit will be situated. Leaders in the industries of power, oil, and gas, and pharmaceuticals use Sealmatic's products. The business claimed to have a 100% retention rate. Fortune 500 firms are among the firm's clients.

The strengths of the company are

1. One of the few Indian companies approved or registered as suppliers to both domestic and foreign clients.
2. A senior management team with experience and a skilled and qualified workforce.
3. Reliable financial performance with an increase in Profit After Tax of roughly 30%.
4. Adequate use of currently installed capacity and a solid expansion strategy

Objects of the Issue

The goal of the net issue is to raise money for the following:

1. Plant and machinery purchases
2. Development of Products
3. Marketing and post-purchase assistance
4. Overarching Corporate Goals
5. Provisions and Backup
6. Need for Working Capital

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 ₹[.] 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
Market Cap (₹ Cr.)	203.63
P/E (x)	18.75
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.