Sealmatic India IPO: GMP, Price, Size & Dates

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Sealmatic India Limited, a 2009 incorporation, is in the business of designing and producing mechanical seals and related products. The company primarily produces mechanical seals for the pulp and paper, oil and gas, refinery, petrochemical, chemical, fertiliser, power, mining, aerospace, marine, pharmaceutical, and other industrial sectors. 

To satisfy the needs of the customers, Sealmatic produces seals that are specifically tailored. The company’s operations are well known not just in India but even internationally. The company is currently present in over 45 nations, including India. The USA, Sweden, the UK, Germany, Italy, Japan, Norway, Switzerland, Denmark, the Netherlands, Australia, France, and many other nations are among them. 

The company production facility is located at Shanti Vidya Nagri Road, Mira Road (E), Thane. The area of the land is 3,855.86 square metres. To grow its business, the company intends to build another manufacturing plant. In Thane’s Khindipada Village Vasai East, the second unit will be situated. 

Sealmatic India IPO Details 

IPO Dates 17 – 21 February 2023 
IPO Price INR 220 – 225 per share 
Fresh issue 18,50,000 shares 
Offer For Sale 6,49,600 shares 
Total IPO size 24,99,600 shares (INR 56.24 crore) 
Minimum bid (lot size) 600 shares (INR 135,000) 
Face Value  INR 10 per share 
Retail Allocation 35% 
Listing On BSE SME 
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Sealmatic India IPO Dates  

IPO Offer Opening Date 17 February 2023 
IPO Closing Date 21 February 2023 
Finalisation of Basis of Allotment 24 February 2023 
Initiation of refunds 27 February 2023 
Transfer of shares to demat accounts 28 February 2023 
Sealmatic India IPO Listing Date 1 March 2023 
Opening Price on BSE SME Coming soon 
Closing Price on BSE SME Coming soon 

Company Financial Performance 

  FY 2020 FY 2021 FY 2022 H1 FY 2023 
Revenue 3,309.1 3,532.6 4,254.1 2,562.7 
Expenses 2,690.9 2,674.0 3,144.7 1,815.2 
Net income 494.1 649.8 841.5 543.5 

Objects of the Issue 

The Objects of the Net Issue is to raise funds for: 

  1. Purchase of Plant and Machinery 
  1. Product Development 
  1. Marketing and after Sales Support 
  1. General Corporate Purpose 
  1. Provisions and Contingency 
  1. Working Capital Requirement 

Sealmatic India Offer News

Company Contact Information

Sealmatic India Limited
4th Floor, Techniplex -I, Techniplex Complex,
Off Veer Savarkar Flyover,
Goregaon (West), Mumbai – 400062
Phone: +91 9867058592
Email: compliance@sealmaticindia.com
Websitehttps://www.sealmaticindia.com/

Sealmatic India IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: nvl.ipo@kfintech.com
Websitehttps://karisma.kfintech.com/

Sealmatic India IPO Lead Manager(s)

  1. ISK Advisors Pvt Ltd (Past IPO Performance)

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