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:
- Purchase of Plant and Machinery
- Product Development
- Marketing and after-sales support
- General Corporate Purpose
- Provisions and Contingency
- working capital requirement
Financial Highlights (Restated Consolidated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 3550 | 3016 | 2174 | 1525 |
| Total Assets | 5109 | 3947 | 2976 | 2325 |
| Total Borrowing | 224 | 94 | 273 | 278 |
| Total Revenue | 2582 | 4277 | 3548 | 3359 |
| Profit After Tax | 543 | 841 | 650 | 494 |
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 Type | Book Built Issue IPO |
| IPO Price | ₹ 220 to ₹ 225 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 600 shares |
| Issue Size | 2,499,600 shares of ₹ 10 (Aggregating up to ₹ 56.24 Crore) |
| Fresh Issue | 1,850,000 shares of ₹ 10 (Aggregating up to ₹ [.] Crore) |
| Offer For Sale | 649,600 shares of ₹ 10 (Aggregating up to ₹ [.] Crore) |
| QIB Shares Offered | Not more than 40% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 18% of the Net Issue |
| Retail Shares Offered | Not less than 42% of the Offer |
| Listing At | BSE SME |
| Company Promoters | Mr. 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 Date | February 17, 2023 |
| Closing Date | February 21, 2023 |
| Basis of Allotment | February 24, 2023 |
| Initiation of Refunds | February 27, 2023 |
| Credit of shares to Demat A/c | February 28, 2023 |
| Listing Date | March 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 600 | ₹ 135,000 |
| Retail (Maximum) | 1 | 600 | ₹ 135,000 |
| HNI (Minimum) | 2 | 1,200 | ₹ 270,000 |
Promoters Holdings – Sealmatic India IPO
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 72.38% |
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 Date | February 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 Information | Sealmatic 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 Registrar | KFin Technologies Limited Phone: 04067162222, 04079611000 Email: [email protected] Website: https://karisma.kfintech.com/ |
| IPO Lead Manager(s) | ISK Advisors Pvt Ltd |
FAQ’s
What is the Sealmatic India IPO price?
The Sealmatic India IPO price is ₹ 220 to ₹ 225 per share.
What will be the Sealmatic India IPO lot size?
One lot of the Sealmatic India IPO contains 600 shares of ₹ 135,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Sealmatic India IPO allotment be available?
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.
When will Sealmatic India IPO list on exchanges?
The Sealmatic India IPO shares listing date is March 1, 2023.
How many shares in the Sealmatic India IPO Offer are reserved for HNIs and retail investors?
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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