Sealmatic India Limited IPO to launch on February 17, 2023. All you need to know.

Sealmatic India Limited plans to launch its SME IPO on February 17, 2023, and will shut down on February 21, 2023.

SealMatic IPO Launch

Sealmatic India Limited designs and manufactures mechanical seals and related products. It plans to launch its SME IPO on February 17, 2023 and will shut down on February 21, 2023. Its BSE SME prospectus says it will offer 24,99,600 equity shares at Rs. 220-225/share. It will be a Rs. 56 crores issue and will contain up to Rs. 41.6 crore worth 18,50,00 equity shares and an OFS (offer for sale) of up to Rs. 14.6 crores worth 6,49,600 equity shares.  

Sealmatic India IPO Details

Sealmatic India IPO DetailsSealmatic India IPO Details

Also ReadHow do companies decide the IPO price?

Where Will Sealmatic Use The Money?

Sealmatic India Limited plans to use the collected funds for corporate purposes, including Product and Sales Development and purchasing Plant and Machinery. ISK Advisors Limited will be the Book Running Lead Manager for the SME IPO. Net Issue's less than 40% will be allocated to QIBs (Qualified Institutional Buyers), and around 18% will be available to non-institutional investors. The allocation for the two will be on a proportionate basis. Around 42% will be allocated to Retail Individual Investors. Retail Investors must subscribe to a single lot containing 600 shares minimum. 

About Sealmatic India Limited

Sealmatic India Limited was incorporated in 2009 and is a manufacturer and designer of mechanical seals. It has international customers in 45 countries and domestic ones as well. It supplies its mechanical seals to industry leaders in marine, aerospace, paper, pulp, mining, power, fertilizer, pharmaceutical, chemical, petrochemical, refinery, oil & gas, and other industries.   

Also ReadDifference between confidential and traditional IPO filing. 

A Summary of the Financials of Sealmatic India Limited

  • Its liabilities have decreased by 7.87%
  • Its total assets have increased by 28.45%
  • Its EBITDA has increased by 2.91%
  • Its net worth has increased by 48.29%

The company's Managing Director, Umar Balwa, says that India is among the major consumers of mechanical seals, and various industries are increasing their use of them. It will drive the market, and Sealmatic India Limited can grow sustainably in the coming years. 

Sealmatic India Limited designs and manufactures mechanical seals and related products. It plans to launch its SME IPO on February 17, 2023 and will shut down on February 21, 2023. Its BSE SME prospectus says it will offer 24,99,600 equity shares at Rs. 220-225/share. It will be a Rs. 56 crores issue and will contain up to Rs. 41.6 crore worth 18,50,00 equity shares and an OFS (offer for sale) of up to Rs. 14.6 crores worth 6,49,600 equity shares.  

Sealmatic India IPO Details

Sealmatic India IPO DetailsSealmatic India IPO Details

Also ReadHow do companies decide the IPO price?

Where Will Sealmatic Use The Money?

Sealmatic India Limited plans to use the collected funds for corporate purposes, including Product and Sales Development and purchasing Plant and Machinery. ISK Advisors Limited will be the Book Running Lead Manager for the SME IPO. Net Issue's less than 40% will be allocated to QIBs (Qualified Institutional Buyers), and around 18% will be available to non-institutional investors. The allocation for the two will be on a proportionate basis. Around 42% will be allocated to Retail Individual Investors. Retail Investors must subscribe to a single lot containing 600 shares minimum. 

About Sealmatic India Limited

Sealmatic India Limited was incorporated in 2009 and is a manufacturer and designer of mechanical seals. It has international customers in 45 countries and domestic ones as well. It supplies its mechanical seals to industry leaders in marine, aerospace, paper, pulp, mining, power, fertilizer, pharmaceutical, chemical, petrochemical, refinery, oil & gas, and other industries.   

Also ReadDifference between confidential and traditional IPO filing. 

A Summary of the Financials of Sealmatic India Limited

  • Its liabilities have decreased by 7.87%
  • Its total assets have increased by 28.45%
  • Its EBITDA has increased by 2.91%
  • Its net worth has increased by 48.29%

The company's Managing Director, Umar Balwa, says that India is among the major consumers of mechanical seals, and various industries are increasing their use of them. It will drive the market, and Sealmatic India Limited can grow sustainably in the coming years. 

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