Sealmatic India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Feb 21, 2023Let’s have a detailed review of the company and analytics of the Sealmatic India IPO release date, IPO offer price, subscription, Sealmatic India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 220 to Rs 225 |
| Listing At | BSE, SME |
| Min. Order Quantity | 600 Shares |
| Listing Date | Mar 1, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 5,624 Lakh |
| Tick Size | 1 |
Sealmatic India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Sealmatic India Share Price |
Sealmatic India IPO – Summary
Their company was originally incorporated as Seal Matic India Private Limited on December 02, 2009 at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956 with the Registrar of Companies (ROC), Mumbai, Maharashtra.
Subsequently, the name of the company was changed to “Sealmatic India Private Limited” pursuant to a special resolution passed by the shareholders of the company at the Extra Ordinary General Meeting held on March 12, 2021.
The Promoter of this company is Mr. Mohamed Hanif Chaudhari, Mr. Umar A. K. Balwa and Mr. Rafiq H. Balwa. The lead manager to the issue is ISK ADVISORS PRIVATE LIMITED, and the Registrar to this issue is KFIN TECHNOLOGIES LIMITED.
Sealmatic India IPO Date
The opening and closing dates of Sealmatic India IPO are Feb 17, 2023 and Feb 21, 2023 respectively.
Sealmatic India IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 17th Feb | 0.00x | 0.37x | 0.87x | 0.43x |
| 2nd Day – 20th Feb | 1.31x | 3.00x | 3.57x | 2.25x |
| 3rd Day – 21st Feb | 1.38x | 3.72x | 4.34x | 2.71x |
| Shares Offered or Net Issue | 379,800 | 427,200 | 997,200 | 2,373,600 |
The shares subscribed by the public will be updated here.
Sealmatic India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Sealmatic India Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Feb 24, 2023 |
| Refunds Initiation | Feb 27, 2023 |
| Credit of Shares to Demat Account | Feb 28, 2023 |
| Share Listing Date | Mar 1, 2023 |
Sealmatic India IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 220 to Rs 225
Sealmatic India IPO Equity Size
This Initial Public Issue of 2,499,600 Equity Shares of Rs.10 each for cash at a price of Rs 220 to Rs 225 per equity share aggregating to Rs.5,624 Lakh.
Sealmatic India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,850,000 Equity Shares of Rs.10/ each.
Issue Size: 2,499,600 Equity Shares of Rs.10 each, aggregating to Rs.5,624 Lakh
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Sealmatic India IPO – Live Performance
The listing date of this IPO is Mar 1, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Sealmatic India Share Price |
Sealmatic India IPO Grey Market Premium
The Sealmatic India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Sealmatic India IPO – Company Overview
The company is engaged in the business of designing and manufacturing of mechanical seals and associated products. Mechanical seals are mainly used in Oil & Gas, refinery, petrochemical, chemical, pharmaceutical, fertiliser, power, mining, pulp & paper, aerospace, marine and other industrial.
Company manufactures customised seals to meet the requirement of the client. Company has a complete range of engineered mechanical seals and sealing support systems to cater the needs of customers located all across the globe.
Sealmatic products are globally recognized as a trusted brand in process industry in over 45 countries, to name a few: USA, UK, Germany, Netherlands, Italy, Sweden, Norway, Switzerland, Denmark, Australia, France, Japan and many more countries.
Sealmatic India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 5,108.52 | 3,947.36 | 2,975.94 | 2,325.06 |
| *Total Revenue | 2,582.12 | 4,276.80 | 3,548.18 | 3,358.88 |
| Total Expense | 1815.16 | 3144.72 | 2673.97 | 2690.90 |
| Profit After Tax | 543.45 | 841.46 | 649.76 | 494.14 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 7.55 | 420.73 | 324.88 | 247.07 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 543.45 Lakh, Rs. 841.46 Lakh, Rs. 649.76 Lakh and Rs. 494.14 Lakh respectively.
Sealmatic India IPO – Promoters
The Promoter of this company is:
- Mr. Mohamed Hanif Chaudhari,
- Mr. Umar A. K. Balwa
- Mr. Rafiq H. Balwa
List of Related Parties (Key Managerial Personnel)
- Umar A. K. Balwa, Managing Director & Promoter
- Mohamed Hanif Sharifbhai Chaudhari, Whole Time Director & Promoter
- Sania Umar Balwa, Non-Executive Director
- Deepak Anant Ghangurde, Independent Director
- Ajoy Balkrishna, Independent Director
Sealmatic India IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post Issue Share Holding – %
Sealmatic India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 24,99,600 Equity Shares aggregating up to Rs.5,624 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,26,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 23,73,600 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 9,97,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 4,27,200 Equity Shares |
| Equity Shares outstanding prior to the Issue | 72,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 90,50,000 Equity Shares |
Sealmatic India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Purchase of Plant and Machinery
2. Product Development
3. Marketing and after Sales Support
4. General Corporate Purpose
5. Provisions and Contingency
6. Working Capital Requirement
Sealmatic India IPO – Business Strategy
- Their ability to identify new markets to expand;
- Their ability to maintain the quality of their products;
- Changes in the Indian regulatory environment in field
Sealmatic India IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Existing Customer base of domestic and overseas clients
- One of few Indian companies approved/registered as vendor with national and international buyers
- Experienced Board of Directors and senior management team supported by skilled and qualified workforce.
- Consistent financial performance with about 30 % growth in profit after taxes.
- Optimum utilisation of existing installed capacity and firm plan for expansion.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 11.69 | 27.90 | 1507.94 |
| 31-Mar-21 | 9.03 | 29.88 | – |
| Mar-20 | 6.87 | 32.41 | – |
Sealmatic India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Sealmatic India Limited | 10 | [●] | 11.69 | 27.90 | 4,276.80 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Sealmatic India IPO Lead Managers
| Lead Managers |
| ISK ADVISORS PRIVATE LIMITED 501, A. N. Chambers, 130, Turner Road, Bandra West, Mumbai-400 050 Tel No.: +91 – 22 – 26431002 Email: ncmpl@ncmpl.com Website: www.iskadvisors.com Investor Grievance Email: enquiry@ncmpl.com Contact Person: Mr. Ronak I. Kadri SEBI Registration No. INM000012625 |
Sealmatic India IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES LIMITED Selenium Tower- B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad-500 032, Telangana, India. Tel No.: +91 40 6716 2222 Fax: +91 40 2343 1551 Website: www.kfintech.com Email: nvl.ipo@kfintech.com; Investor Grievance Email: einward.ris@kfintech.com Contact Person: Mr. M Murali Krishna SEBI Registration No.: INR000000221 |
Sealmatic India IPO – Other Details
- Statutory Auditor – M/s R.R. Shah & Associates, Chartered Accountants
- Legal Counsel to the Company – MR. AYAAN A. PATEL, ADVOCATE
- Bankers to the Company – ICICI BANK LIMITED
Sealmatic India IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Sealmatic India Limited IPO News
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News 2 – IPO RHP Prospectus Download
Sealmatic India IPO Review FAQs
Check out various FAQs related to Sealmatic India IPO:
What is the Issue Size of Sealmatic India IPO?
The Company is making an initial public offer of 2,499,600 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Sealmatic India IPO?
The price band for this particular IPO ranges between Rs 220 to Rs 225. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Sealmatic India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 17, 2023, while the closing date is set at Feb 21, 2023.
What is the Sealmatic India IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Feb 24, 2023, refund initiation is on Feb 27, 2023, credit of shares is on Feb 28, 2023, and share listing date is on Mar 1, 2023.
What is the Sealmatic India IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 1, 2023. The date, when the listing would be done, is stagnant on Mar 1, 2023.
Who is the Registrar of Sealmatic India IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Sealmatic India IPO?
Here are the promoters of this IPO – : Mr. Mohamed Hanif Chaudhari, Mr. Umar A. K. Balwa and Mr. Rafiq H. Balwa. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Sealmatic India IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Sealmatic India IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Sealmatic India Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 841.46, 2021 is 649.76, and 2020 is 494.14. PAT from Sep 2022 is 543.45.
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