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Sealmatic India IPO GMP, Price, Dates & Allotment Details 2023

Sealmatic India IPO GMP, Price, Dates & Allotment Details 2023

Sealmatic India IPO will open on February 17 and close on February 21, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 56.24 crore through this public offering, consisting of 2,499,600 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 220 to ₹ 225 per share

The company was incorporated in 2009. The company’s primary activity is the development and production of mechanical seals and related goods. Oil and gas, refineries, petrochemical, chemical, pharmaceutical, fertilizer, power, mining, pulp and paper, aerospace, marine, and other industries are the main users of mechanical seals. To satisfy the needs of the customer, the business produces custom seals. The business offers a full selection of developed mechanical seals and sealing support systems to meet the needs of clients around the world.

Objects of the Issue

The company proposes to utilize the net proceeds of the Fresh Issue 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

Financial Highlights (Restated Consolidated)

ParticularsPeriod ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth3550301621741525
Total Assets5109394729762325
Total Borrowing22494273278
Total Revenue2582427735483359
Profit After Tax543841650494
(Amount in ₹ Lakhs)

Sealmatic India IPO – Details

According to the DRHP filed with SEBI, the company plans to issue 2,499,600 shares of face value of ₹ 10 each, aggregating up to ₹ 56.24 crore.

Issue TypeBook Built Issue IPO
IPO Price₹ 220 to ₹ 225 per share
Face Value₹ 10 per share
Market Lot600 shares
Issue Size2,499,600 shares of ₹ 10  (Aggregating up to ₹ 56.24 Crore)
Fresh Issue1,850,000 shares of ₹ 10  (Aggregating up to ₹ [.] Crore)
Offer For Sale649,600 shares of ₹ 10  (Aggregating up to ₹ [.] Crore)
QIB Shares OfferedNot more than 40% of the Net Offer
NII (HNI) Shares OfferedNot less than 18% of the Net Issue
Retail Shares OfferedNot less than 42% of the Offer
Listing AtBSE SME
Company PromotersMr. Mohamed Hanif Chaudhari
Mr. Umar A K Balwa 
Mr. Rafiq H. Balwa

GMP – Sealmatic India IPO

Sealmatic India IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuated and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – Sealmatic India IPO

Sealmatic India IPO opens on February 17 and closes on February 21, 2023.

Opening DateFebruary 17, 2023
Closing DateFebruary 21, 2023
Basis of AllotmentFebruary 24, 2023
Initiation of RefundsFebruary 27, 2023
Credit of shares to Demat A/cFebruary 28, 2023
Listing DateMarch 1, 2023

Lot Size – Sealmatic India IPO

The lot size of the Sealmatic India IPO is 600 shares. A retail-individual investor can apply for up to 1 lot, i.e. 600 shares of  ₹ 135,000.

ApplicationsLotsSharesAmount 
Retail (Minimum)1600₹ 135,000
Retail (Maximum)1600₹ 135,000
HNI (Minimum)21,200₹ 270,000

Promoters Holdings – Sealmatic India IPO

Pre-issue Shares Holdings100%
Post-issue Shares Holdings72.38%

Anchor Investors – Sealmatic India IPO

A total of 569,400 shares are offered to Anchor investors. Anchor Investor lock-in period for 50% of equity shares is Apr 13, 2023 and July 11, 2023 for the remaining portion.

Anchor Investor Bid DateFebruary 16, 2023
Anchor Portion Size₹ 12.81 crore (Shares offered * Upper Price)
Anchor lock-in period end date (50% Shares)Around April 13, 2023 (30 Days)
Anchor lock-in period end date (remaining shares)Around July 11, 2023 (90 Days)

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationSealmatic India Limited
4th Floor, Techniplex -I, Techniplex Complex, Off Veer Savarkar Flyover,
Goregaon (West), Mumbai – 400062
Phone: +91 9867058592
Email: [email protected]
Website: https://www.sealmaticindia.com/
IPO RegistrarKFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
IPO Lead Manager(s)ISK Advisors Pvt Ltd 

FAQ’s

The Sealmatic India IPO price is ₹ 220 to ₹ 225 per share.

One lot of the Sealmatic India IPO contains 600 shares of ₹ 135,000.

The minimum investment size is one lot for retail investors.

The finalization of the basis of allotment for the Sealmatic India IPO will be done on February 24, 2023, and the allotted shares will be credited to your demat account by February 28, 2023.  Check the Sealmatic India IPO allotment status.

The Sealmatic India IPO shares listing date is March 1, 2023.

The investors’ portion for QIB - 40% of the Net offer,  NII (HNI) – 18% of Net issue, and Retail – 42% of the offer.

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