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Sealmatic India IPO is a book build issue of ₹56.24 crores. The issue is a combination of fresh issue of 0.19 crore shares aggregating to ₹41.63 crores and offer for sale of 0.06 crore shares aggregating to ₹14.62 crores.
Sealmatic India IPO bidding started from Feb 17, 2023 and ended on Feb 21, 2023. The allotment for Sealmatic India IPO was finalized on Feb 24, 2023. The shares got listed on BSE SME on Mar 1, 2023.
Sealmatic India IPO price band is set at ₹225.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,32,000 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,70,000.
ISK Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
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 |
| Issue Price Band | ₹220 to ₹225 per share |
| Issue Price Final | ₹225 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 24,99,600 shares (aggregating up to ₹56.24 Cr) |
| Reserved for Market Maker | 1,26,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹2.84 Cr) |
| Fresh Issue (Ex Market Maker) | 17,24,000 shares (aggregating up to ₹38.79 Cr) |
| Offer for Sale | 6,49,600 shares of ₹10 (aggregating up to ₹14.62 Cr) |
| Net Offered to Public | 23,73,600 shares (aggregating up to ₹53.41 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 72,00,000 shares |
| Share Holding Post Issue | 90,50,000 shares |
Sealmatic India IPO offers total 24,99,600 shares. Out of which 9,49,200 (37.97%) allocated to QIB, 3,79,800 (15.19%) allocated to QIB, 4,27,200 (17.09%) allocated to NII, 9,97,200 (39.89%) allocated to RII and 5,69,400 (22.78%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,26,000 (5.04%) |
| QIB Shares Offered | 9,49,200 (37.97%) |
| − Anchor Investor Shares Offered | 5,69,400 (22.78%) |
| − QIB (Ex. Anchor) Shares Offered | 3,79,800 (15.19%) |
| NII (HNI) Shares Offered | 4,27,200 (17.09%) |
| Retail Shares Offered | 9,97,200 (39.89%) |
| Total Shares Offered | 24,99,600 (100.00%) |
Sealmatic India IPO raises ₹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 | 5,69,400 |
| 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 | Fri, Feb 17, 2023 |
| IPO Close Date | Tue, Feb 21, 2023 |
| Tentative Allotment | Fri, Feb 24, 2023 |
| Initiation of Refunds | Mon, Feb 27, 2023 |
| Credit of Shares to Demat | Tue, Feb 28, 2023 |
| Tentative Listing Date | Wed, Mar 1, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 21, 2023 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,35,000 |
| Retail (Max) | 1 | 600 | ₹1,35,000 |
| HNI (Min) | 2 | 1,200 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | March 1, 2023 |
| BSE Script Code | 543782 |
| NSE Symbol | |
| ISIN | INE0O4601016 |
| Final Issue Price | ₹225 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹225.00 |
| Open | ₹225.00 |
| Low | ₹216.00 |
| High | ₹236.25 |
| Last Trade | ₹236.25 |
Sealmatic India Ltd.
4th Floor, Techniplex -I, Techniplex Complex,
Off Veer Savarkar Flyover,
Goregaon (West), Mumbai - 400062
Goregaon, Maharashtra
Phone: +91 9867058592
Email: compliance@sealmaticindia.com
Website: https://www.sealmaticindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: nvl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Sealmatic India IPO is a SME IPO of 24,99,600 equity shares of the face value of ₹10 aggregating up to ₹56.24 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 600.
The IPO opens on February 17, 2023, and closes on February 21, 2023.
Kfin Technologies Ltd. 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, and the minimum amount required for application is ₹1,35,000.
You can apply in Sealmatic India IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Sealmatic India IPO listing date is on Wednesday, March 1, 2023.
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