Sealmatic India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 949,200 (38%) | — | ₹2,136 Cr |
| NII (HNI) | — | 427,200 (17%) | — | ₹961 Cr |
| Retail | — | 997,200 (40%) | — | ₹2,244 Cr |
| Market Maker | — | 126,000 (5%) | — | ₹28 Cr |
| Σ Total | — | 2,499,600 (100%) | — | ₹56,241 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 13 | 7,800 | ₹1,755,000 |
| S-HNI (Min) | 14 | 8,400 | ₹1,890,000 |
| B-HNI (Min) | 67 | 40,200 | ₹9,045,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30-Sep-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 2,582 | 4,277 | 3,548 |
| Profit After Tax | 543 | 841 | 650 |
| Net Worth | 3,550 | 3,016 | 2,174 |
| Total Assets | 5,109 | 3,947 | 2,976 |
| Reserves & Surplus | 2,830 | 2,996 | 2,154 |
| Total Borrowing | 224 | 94 | 273 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Purchase of Plant & Machinery – 12.00
- Product Development – 3.00
- Marketing and Post-Sales Support – 11.00
- Provisions and Contingency – 4.00
- Working Capital Requirement – 7.16
- General Corporate Purpose – 3.34
Company Overview
Incorporated in 2009, Sealmatic India Limited is engaged in the business of designing and manufacturing of mechanical seals and associated products. The Mechanical seals manufactured by the company are mainly used in pulp & paper, Oil & Gas, refinery, petrochemical, chemical, fertilizer, power, mining, aerospace, marine, pharmaceutical, and other industrial spaces.
Sealmatic manufactures customized seals in order to meet the requirements of the customers. The operations of the company are widely recognized not alone in India, but worldwide too. Currently, the company has a presence in over 45 countries including India. Some of the countries are the USA, Sweden, the UK, Germany, Italy, Japan, Norway, Switzerland, Denmark, Netherlands, Australia, France, and many more.
The manufacturing unit of Sealmatic India Limited is situated at Shanti Vidya Nagri Road, Mira Road (E), Thane. The land is spread across 3,855.86 Sq. Mtrs. The company is planning to set up another manufacturing facility to expand its operations. The second unit will be located in Khindipada Village Vasai East, Thane.
Sealmatic supplies its products to industry leaders from sectors like Pharma, Oil and Gas industry, and Power. The company stated that it has a retention rate of 100%. The customers of the company include fortune 500 companies.
The strengths of the company are:
- One of few Indian Company Approved/ Registered as vendors with National & International customers.
- Experienced Board of Directors & Senior Management team supported by Skilled & Qualified Workforce.
- Consistent financial performance with about 30% growth in Profit After Tax.
- Optimum utilization of existing installed capacity & firm plan for Expansion