Sealmatic India Limited IPO is set to launch on 16 Feb, 2023. The company initiated its business operations in 2009. It is involved in the designing and manufacturing of mechanical seals and its associated products. These are used in Pulp and Paper, refinery, oil and gas, petrochemical, fertiliser, chemicals, mining, power, marine, aerospace and pharmaceuticals.
The company has its operations in more than 45 countries including Italy, USA, Germany, UK, Sweden, Switzerland, Japan, Norway, Denmark, Australia, Netherlands, France etc. Its manufacturing unit is located in Thane and it has a land space of 3855 Sq. Ft. Post expansion , another plant will also be located in Thane. Some of its customers also include Fortune 500 companies.
Sealmatic India Limited IPO DETAILS
Sealmatic India Limited IPO is set to launch on 17 Feb., 2023. The subscription timeline extends till 21 Feb, 2023. The size for the IPO is 56.24 Crore Rs. Shares issued through fresh issue are worth 56.24 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 600 shares and the price is 220 to 225 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is KFin Technologies Private Limited.
Tabular Description of Sealmatic India Limited IPO
| IPO OPENING DATE | 17 Feb., 2023 |
| CLOSING DATE FOR IPO | 21 Feb, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 220 to 225 Rs. per share |
| LOT SIZE | 600 shares |
| MINIMUM ORDER QUANTITY | 600 shares |
| ISSUE SIZE | 56.24 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode. |
| FRESH ISSUE | 56.24 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 1 March, 2023 |
Sealmatic India Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 16 Feb., 2023 |
| CLOSING DATE FOR IPO | 21 Feb, 2023 |
| IPO ALLOTMENT DATE | 24 Feb, 2023 |
| REFUNDS | 27 Feb, 2023 |
| DEMAT A/C CREDITED ON | 28 Feb, 2023 |
| IPO LISTING DATE | 1 March, 2023 |
Sealmatic India Limited IPO begins for subscription from 16 Feb., 2023. The IPO subscription would continue till 21 Feb, 2023. The allotment status for the shareholders who applied would come on 24 Feb, 2023. The refunds for the ones who did not get allotment would be initiated on 27 Feb, 2023. The DEMAT accounts of shareholders would be credited on 28 Feb, 2023. The listing of the company would be accompanied on 1 March 2023.
Sealmatic India Limited IPO : Lead Managers
The lead managers are :
- ISK Advisors Limited
The minimum lot size for the company is decided at 600 shares. This holding accounts to 135000 Rs.. The maximum lot size is decided at 1200 shares (HNI). This amounts to 270000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 600 shares | 135000 Rs. |
| Maximum | 1200 shares | 270000 Rs. |
OBJECTIVES FOR THE IPO
- The IPO money will be used for expansion of the manufacturing facility.
- The product development costs will be funded through the IPO money.
- IPO proceeds would be used for general corporate purposes.
- The money raised will be also utilised for the working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 2325 | 2975 | 3947 |
| Revenue | 3358 | 3548 | 4277 |
| PAT | 494 | 649 | 841 |
Sealmatic India Limited had an asset base of 2325 Lakh Rs in 2020 which increased to 2975 Lakh Rs in 2021 and 3947 Lakh Rs in 2022. Apart from this the revenue of the dorm was 3358 Lakh Rs in 2020 which increased to 3548 Lakh Rs in 2021 and 4277 Lakh Rs in 2022. The firm had a profit of 494 Lakh Rs in 2020 which increased to 649 Lakh Rs in 2021 and 841 Lakh Rs in 2022. Hence overall the financial performance of the company is getting better every year.
PROS
- The product made by Sealmatic is used in multiple businesses like Pulp and Paper, refinery, oil and gas, petrochemical, fertiliser, chemicals, mining, power, marine, aerospace and pharmaceuticals.
- The company has its operations in more than 45 countries including Italy, USA, Germany, UK, Sweden, Switzerland, Japan, Norway, Denmark, Australia, Netherlands, France etc. Its manufacturing unit is located in Thane and it has a land space of 3855 Sq. Ft. Its list of clients also consists of fortune 500 companies.
CONS
- The company works in a highly competitive segment.
Sealmatic India Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Sealmatic India Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
