Bookbuilding IPO | ₹56 Cr | Listed at BSE SME | Fri, Feb 17, 2023 - Tue, Feb 21, 2023
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 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,35,000 (600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Feb 17, 2023
IPO Close
Tue, Feb 21, 2023
Issue Price
₹225 per share
Market Cap (Pre-IPO)
₹203.63 Cr
| IPO Date | 17 to 21 Feb, 2023 |
| Listed on | Wed, Mar 1, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹220 to ₹225 |
| Issue Price | ₹225 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 24,99,600 shares (agg. up to ₹56 Cr) |
| Reserved for Market Maker | 1,26,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 17,24,000 shares (agg. up to ₹39 Cr) |
| Offer for Sale | 6,49,600 shares of ₹10 (agg. up to ₹15 Cr) |
| Net Offered to Public | 23,73,600 shares (agg. up to ₹53 Cr) |
| Share Holding Pre Issue | 72,00,000 shares |
| Share Holding Post Issue | 90,50,000 shares |
| BSE Script Code | 543782 |
| ISIN | INE0O4601016 |
Sealmatic India IPO comprises a total issue size of 24,99,600 shares. The net offer to the public is 23,73,600 shares, after excluding 1,26,000 shares allotted on a firm basis. Of the Net offer 9,49,200 (39.99%) are allocated to QIB, 4,27,200 (18.00%) allocated to NII 9,97,200 (42.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 9,49,200 | 39.99% | 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 | 18.00% | 17.09% |
| Retail Shares Offered | 9,97,200 | 42.01% | 39.89% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,26,000 | 5.04% | |
| Total Shares Offered | 24,99,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
Sealmatic India IPO raises ₹12.81 crore from anchor investors. Sealmatic India IPO Anchor bid date is February 16, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Feb 16, 2023 |
| Shares Offered | 5,69,400 |
| Anchor Portion (₹ Cr.) | 12.81 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Mar 26, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, May 25, 2023 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 51.09 | 39.47 | 29.76 | 23.25 |
| Total Income | 25.82 | 42.77 | 35.48 | 33.59 |
| Profit After Tax | 5.43 | 8.41 | 6.50 | 4.94 |
| NET Worth | 35.50 | 30.16 | 21.74 | 15.25 |
| Reserves and Surplus | 28.30 | 29.96 | 21.54 | 15.05 |
| Total Borrowing | 2.24 | 0.94 | 2.73 | 2.78 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Plant & Machinery | 12.00 |
| 2 | Product Development | 3.00 |
| 3 | Marketing and Post-Sales Support | 11.00 |
| 4 | General Corporate Purpose | 3.34 |
| 5 | Provisions and Contingency | 4.00 |
| 6 | Working Capital Requirement | 7.16 |
| KPI | |
|---|---|
| ROE | 28 |
| ROCE | 37 |
| Debt/Equity | 0.03 |
| RoNW | 27.9 |
| PAT Margin | 19.67% |
| EBITDA Margin | 28.83% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.69 | |
| P/E (x) | 18.75 | |
| Promoter Holding | 100.00% | 72.38% |
| Market Cap | ₹203.63 Cr. |
The Sealmatic India IPO is subscribed 13.50 times on February 21, 2023 6:57:00 PM (Day 3). The public issue subscribed 12.06 times in the retail category, 8.71 times in the QIB category, and 39.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 8.71 | 3,79,800 | 33,08,400 |
| NII* | 39.14 | 4,27,200 | 1,67,19,600 |
| Retail | 12.06 | 9,97,200 | 1,20,25,800 |
| Total | 13.50 | 23,73,600 | 3,20,53,800 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars etc | 0.45 |
| 2 | Brokerage and selling commission, Printing & Stationery, Distribution, Postage, etc. | 0.60 |
| 3 | Advertisement and other Expenses | 0.05 |
| 4 | Stock Exchange Fees, Regulatory and other Expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹225.00 |
| Open | ₹225.00 |
| Low | ₹216.00 |
| High | ₹236.25 |
| Last Trade | ₹236.25 |
Lead Manager Reports
Sealmatic India IPO is a SME IPO of 24,99,600 equity shares of the face value of ₹10 aggregating up to ₹56 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 600.
The IPO opens on Fri, Feb 17, 2023, and closes on Tue, Feb 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 Fri, Feb 17, 2023 and closes on Tue, Feb 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 Tue, Feb 28, 2023. Check the Sealmatic India IPO allotment status.
The Sealmatic India IPO listing date is on Wed, Mar 1, 2023.
