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Let’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

Sealmatic India IPOTheir 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:

    1. Mr. Mohamed Hanif Chaudhari,
    2. Mr. Umar A. K. Balwa
    3. 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.[●]
    Net Issue to the Public Up to 23,73,600 Equity Shares aggregating up to Rs.[●]
    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

    Sealmatic India IPO Lead Managers

    Lead Managers
    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
    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

      News 1 – IPO DRHP Download

      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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