Sealmatic IPO Details ( Sealmatic India Limited IPO Review )
(17 Feb 2023 – 21 Feb 2023)
Sealmatic India Limited, established in 2009, specializes in creating and producing mechanical seals and related items. The company’s mechanical seals find broad application in various industrial sectors such as pulp and paper, oil and gas, petrochemical, chemical, power, mining, aerospace, marine, pharmaceuticals, and other fields.
Sealmatic offers tailor-made seals to cater to the specific needs of its customers. The company’s operations are highly regarded not only in India but also globally. Currently, Sealmatic has a strong presence in more than 45 countries, including the USA, Sweden, the UK, Germany, Italy, Japan, Norway, Switzerland, Denmark, the Netherlands, Australia, France, and many others.
Sealmatic India Limited’s manufacturing unit is located on Shanti Vidya Nagri Road in Mira Road (E), Thane, and covers an area of 3,855.86 square meters. To further enhance its operations, the company is preparing to establish an additional manufacturing facility in Khindipada Village, Vasai East, Thane.
Sealmatic provides its products to top players in various sectors, such as pharmaceuticals, oil and gas, and power. According to the company, it has a 100% retention rate among its clients, including Fortune 500 companies.
Sealmatic India Ltd Company Product:
- API 682 4th Edition Category 1 Seal Type A (Rotating)
- CTX ANSI Single Seals
- Split Seals (SPX Single Seals)
Sealmatic IPO Competitive Strength
- One of few Indian Company Approved/ Registered as vendor 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 IPO Financials Performance ( Results )
Sealmatic Limited Financial Information ( Consolidated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 2,325.06 | 3,358.88 | 494.14 | 247.06 | 1,524.67 | – | 1,504.67 | 278.30 |
| 31-Mar-21 | 2,975.94 | 3,548.18 | 649.76 | 324.88 | 2,174.43 | – | 2,154.43 | 272.62 |
| 31-Mar-22 | 3,947.36 | 4,276.80 | 841.46 | 420.73 | 3,015.89 | 1507.94 | 2,995.89 | 93.56 |
| 30-Sep-22 | 5,108.52 | 2,582.12 | 543.45 | 7.55 | 3,550.15 | 49.31 | 2,830.15 | 224.39 |
Objective of IPO Issue
- Purchase of Plant and Machinery
- Product Development
- Provisions and Contingency
- Marketing and after Sales Support
- Working Capital Requirement
- General Corporate Purpose
Sealmatic India IPO Basic Details
| IPO Date | Feb 17, 2023 to Feb 21, 2023 |
| Listing Date | Wednesday, March 01, 2022 |
| 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 ₹36.50 Cr) |
| Offer for Sale | 649,600 shares of ₹10 (aggregating up to ₹19.74 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| QIB Shares Offered | 40% of the Offer |
| NII (HNI) Shares Offered | 18% of the Offer |
| Retail Shares Offered | 42% of the Offer |
| Company Promoters | Mr. Mohamed Hanif Chaudhari, Mr. Umar A K Balwa and Mr. Rafiq H. Balwa are the Promoters of the Company. |
Sealmatic IPO Timetable
Sealmatic IPO will open on Feb 17, 2023 and close on Feb 21, 2023. You can join Sealmatic IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | 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 01, 2023 |
Sealmatic IPO Lot Size
For retail investors in Sealmatic IPO, 600 shares will come in 1 lot or the minimum investment will be ₹135,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹135,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| S-HNI (Min) | 2 | 1800 | ₹270,000 |
Sealmatic IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.38% |
Sealmatic IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹10 per Equity Share |
| Price/Earning P/E Ratio | 18.75 |
| Return on Net Worth (RoNW) | 29.31% |
| Net Asset Value (NAV) | ₹49.31 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 4.56 |
Sealmatic Ltd Peer comparison
As per the offer document, the company has no listed peers to compare with.
Sealmatic India IPO Anchor Investors
As of February 16, 2023, the Sealmatic India IPO Anchor investor bid has ended. A total of 569,400 shares were offered to anchor investors. These shares will be subject to a lock-in period, with 50% of the equity shares being locked in until April 13, 2023, and the remaining portion being locked in until July 11, 2023.
- 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 IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 22 February 2023 | ₹19 | – | – |
| 21 February 2023 | ₹16 | – | – |
| 20 February 2023 | ₹31 | – | – |
| 19 February 2023 | ₹28 | – | – |
| 18 February 2023 | ₹28 | – | – |
| 17 February 2023 | ₹28 | – | – |
| 16 February 2023 | ₹28.5 | – | – |
| 15 February 2023 | ₹29 | – | – |
| 14 February 2023 | ₹26 | – | – |
| 13 February 2023 | ₹27 | – | – |
| 12 February 2023 | ₹29 | – | – |
| 11 February 2023 | ₹29 | – | – |
Sealmatic IPO Detail Video:
Sealmatic IPO Subscription Status (Bidding Detail)
The Sealmatic IPO on Feb 21, 2023 at 6:57:00 PM was subscribed 16.61 times, with the retail category being subscribed 12.06 times, the NII (Non-Institutional Investor) category being subscribed 30.22 times and the QIB (Qualified-Institutional Buyers) category being subscribed 8.71 times.
| Category | Subscription |
| QIB | 8.71x |
| NII | 30.22x |
| Retail | 12.06x |
| Total | 16.61x |
Sealmatic IPO Prospectus
Sealmatic IPO Rating
| Our Rating | 2.5/5.0 |
Sealmatic Compnay Contact Information
SEALMATIC INDIA LIMITED
Registered Office: 4th Floor, Techniplex I, Off Veer Savarkar Flyover,
Goregaon (West), Mumbai 400 062, Maharashtra, India.
Tel No.: +91 9867058592
Email: compliance@sealmaticindia.com
Website: www.sealmaticindia.com
Contact Person: Ms. Neha Pinak Chheda,
Company Secretary and Compliance Officer.
Our Promoters: Mr. Mohamed Hanif Chaudhari,
Mr. Umar A. K. Balwa and Mr. Rafiq H. Balwa
Sealmatic IPO Registrar
KFIN TECHNOLOGIES LIMITED
Address: Selenium Tower- B, Plot 31-32, Gachibowli, Financial District,
Nanakramguda, Serilingampally, Hyderabad-500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Fax: +91 40 2343 1551
Website: www.kfintech.com
Email: nvl.ipo@kfintech.com
Investor Grievance Email: einward.ris@kfintech.com
Contact Person: Mr. M Murali Krishna
SEBI Registration No.: INR000000221
Sealmatic IPO Lead Manager
ISK ADVISORS PRIVATE LIMITED
Address:501, A. N. Chambers, 130, Turner Road, Bandra West, Mumbai-400 050
Tel No.: +91 – 22 – 26431002 Email: ncmpl@ncmpl.com
Website: www.iskadvisors.com
Investor Grievance Email: enquiry@ncmpl.com
Contact Person: Mr. Ronak I. Kadri
SEBI Registration No.: INM000012625
Sealmatic IPO FAQs
What is the lot size of Sealmatic IPO?
The total size of Sealmatic IPO is ₹56.24 crores out of which ₹36.50 crores is fresh issue and ₹19.74 crores is offer for sale (OFS).
When will Sealmatic IPO start?
Sealmatic IPO will Start from 17 Feb 2023 and IPO will Close on 21 Feb 2023.
What is the open date of Sealmatic IPO?
Sealmatic IPO will open from 17 Feb 2023.
What is the last date ( close date ) of Sealmatic IPO?
Sealmatic IPO will close from 21 Feb 2023.
What is the price band of Sealmatic IPO?
Sealmatic IPO price band is ₹220 to ₹225. ( Upper Price Band: ₹225, Lower Price Band: ₹220 )
What is the minimum amount required to apply for Sealmatic IPO?
The minimum investment for retailers to apply for Sealmatic IPO is ₹135,000 and the maximum investment is ₹135,000.
What is going on gray market premium of Sealmatic IPO?
View gray market premium of Sealmatic IPO by Clicking Here
How much is the GMP of Sealmatic IPO?
Watch Sealmatic IPO GMP Today: Click Here
What is the allotment date of Sealmatic IPO?
The allotment date of Sealmatic IPO is 24 February 2023.
How to check allotment status in Sealmatic IPO?
To check the allotment status of Sealmatic IPO, first of all go to the registrar website by clicking here, select your bad Sealmatic IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Sealmatic IPO?
The listing date of Sealmatic IPO is 01 March 2023.
How much will be the listing gain in Sealmatic IPO?
View listing gain of Sealmatic IPO by Clicking Here
How much time Sealmatic IPO is subscribed?
Total 16.61 times subscribed in Sealmatic IPO out of which 12.06 times subscription was done in retail quota, 8.71 times subscription in QIB quota and 30.22 times subscription in NII quota.
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