IPO Details
Bidding Dates
16 Feb '23 - 20 Feb '23
Minimum Investment
₹ 135,000 / 1 Lots (600 Shares)
Price Range
₹220 - ₹225
Maximum Investment
₹ 270,000 / 2 Lots (1200 Shares)
Retail Discount
To be announced
Issue Size
₹56.24 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Feb 16, 2023
IPO Close Date
Feb 20, 2023
IPO Allotment Date
Feb 23, 2023
Initiation of Refunds
Feb 26, 2023
Credit of Shares to Demat Account
Feb 27, 2023
Listing Date
Feb 28, 2023
Sealmatic India IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Feb 16, 2023 |
0.00 | 0.37 | 0.87 | 0.43 |
Day 2Feb 19, 2023 |
1.31 | 3.00 | 3.57 | 2.25 |
Day 3Feb 20, 2023 |
8.71 | 39.14 | 12.06 | 13.50 |
Sealmatic India IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions | 8.71 |
| Non-Institutional Buyers | 39.14 |
| Retail Investors | 12.06 |
| Employees | [.] |
| Other | [.] |
| Total | 13.50 |
About Company
The company designs and manufactures all kinds of mechanical seals to be used in oil and gas, fertiliser, power, mining, pulp & paper, pharmaceutical, refinery, aerospace, marine, petrochemical and chemical industries.
Sealmatic is the trusted partner of several global companies in forty-five countries, including the USA, Sweden, the UK, Germany, Italy, Japan, Norway, Switzerland, Denmark, Netherlands, Australia, France, and others.
Sealmatic India Ltd IPO Objective
- Sealmatic will use the fund to buy plant machinery, develop products and support post-production marketing expenses.
- A portion of the capital will be utilised for general corporate purposes and meeting working capital requirements.
Why should you invest in the Sealmatic India Ltd IPO?
Here are your top reasons to invest in the IPO.
- 12 years plus industry experience and track record. The company is well recognised not only in India but worldwide.
- The company has a solid customer base. About 77% of the company's total sales come from exports and 23% from domestic clients.
- Sealmatic is one of the few Indian companies registered as trusted vendors for domestic and international businesses.
- They have set up a second manufacturing unit to boost their production capacity by 60%.
Sealmatic India Company Financials
| Financial year | Total Income | Total Expense | Profit After Tax |
|---|---|---|---|
| Parameters | FY20 | FY21 | FY22 |
| Revenue from operation | 3,309.13 | 3,532.58 | 4,254.06 |
| EBITDA | NA | NA | NA |
| EBITDA Margin (%) | NA | NA | NA |
| Profit After Tax | 494.13 | 649.76 | 841.46 |
| EPS (Basic) | 247.06 | 324.88 | 420.73 |
| ROE | NA | NA | NA |
Know before investing
Strengths
3-
A sable business model, supported by regular investment in R&D, strong client base, and steady increase in revenue.
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They have secured optimum utilisation of their resources and production capacity.
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They have 100% retention of all its customers of over 1000 companies in forty-five countries.
Risks
3-
Prospective investors must note that there are some legal cases under civil law that are pending against the company.
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The company must comply with fixed rules and regulations and obtain and renew the required licences. Failing to do so will attract a penalty.
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The company’s revenue primarily comes from overseas customers and the loss of a major client will impact its future revenue.
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Sealmatic India IPO FAQs
Sealmatic India Private Ltd. will float an IPO of ₹56.24 crore containing 1,850,000 new shares and 649,600 offer for sale (OFS) equities.
The IPO shares of Sealmatic India will be allotted on February 24, 2023.
One lot of Sealmatic India’s IPO will contain 600 shares.
The IPO will open on February 17, 2023.
Retail investors can apply for a minimum of one lot.
The shares will list on the BSE exchange on March 1, 2023.
Angel One customers can log in to their accounts to check Sealmatic India Ltd IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
Listing gain is the difference between the IPO’s opening and offer prices.
The listing gain results from changing investors’ interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 600 shares.
