Sealmatic India, incorporated on December 02, 2009, is engaged in the business of designing and manufacturing 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 industries.
| Bidding Dates |
|---|
| 17 Feb 2023 - 21 Feb 2023 |
| Subscription |
|---|
| 13.49x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,35,000 | 1 | 1 | 600 | 2.5 M | ₹220 - ₹225 | 72.38 % | ₹549.9 M - ₹562.4 M | RHP DOC |
Sealmatic IPO SUBSCRIPTION STATUS
21 Feb '23Sealmatic IPO overall subscription rate was 13.49 times the total available shares
Sealmatic IPO retail subscription rate was 12.04 times in the retail segment
Sealmatic IPO non-institutional investor subscription rate was 39.14 times in the non-institutional investor category
Sealmatic IPO Qualified Institutional Bidder subscription rate was 8.71 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 42% | 18% | 40% |
21 Feb 2023 (Day 3) | 12.04x | 39.14x | 8.71x |
20 Feb 2023 (Day 2) | 3.57x | 3x | 1.31x |
17 Feb 2023 (Day 1) | 0.87x | 0.37x | 0x |
Sealmatic FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 54.3 | 256.3 | 1.7 | -14.2 |
| FY22 | 84.1 | 425.4 | 38.2 | 13.3 |
| FY21 | 65.0 | 353.3 | 48.9 | 20.2 |
| FY20 | 49.4 | 330.9 | 43.8 | 14.6 |
Sealmatic IPO SUBSCRIPTION STATUS DETAILS
Sealmatic had 2.5 M shares on offer
Sealmatic IPO offer price was in the range ₹220 - ₹225
Sealmatic IPO minimum Investment was ₹135000
Sealmatic IPO issue size was ₹ 549.9 M - ₹ 562.4 M
Sealmatic had a minimum lot size of 600 Shares per application
Sealmatic NUMBER OF SHARES ON OFFER
Sealmatic IPO IMPORTANT DATES
| Issue Open Date | 17 Feb 2023 |
| Issue close Date | 21 Feb 2023 |
| Allotment Date | 24 Feb 2023 |
| Refund Date | 27 Feb 2023 |
| Demat Account Credit Date | 28 Feb 2023 |
| Listing Date | 01 Mar 2023 |
| Listing on Exchange(s) | BSE |
| Sealmatic Allotment Status | Exchange |
Sealmatic IPO subscription opened on 17 Feb 2023, and closed on 21 Feb 2023
IPO allotment for Sealmatic was finalized on Friday, 24 Feb 2023
IPO listing for Sealmatic was on BSE on Wednesday, 01 Mar 2023
Sealmatic IPO LISTING GAINS
| Issue Price (adjusted) | 187.5 |
| Listing Open Price | 225.0 |
| Listing Close Price | 236.3 |
| Listing Gain% | 0.0% |
| Current Gain% | 115.2% |
Sealmatic Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sealmatic India Ltd. | 403.5 | 365.2 | 45.6 | 3.4 | 8.6 | 6.7 | 106 | 9.6 | 8.9 | ||||
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Sealmatic INFORMATION ON IPO ISSUE
About Sealmatic
Sealmatic India, incorporated on December 02, 2009, is engaged in the business of designing and manufacturing 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 industries.
Object of the Issue
- Purchase of plant and machinery
- Product development
- Marketing and after-sales support
- General corporate purpose
- Provisions and contingency
- Working capital requirement
Sealmatic - PROMOTERS
| Name |
|---|
| Mohamed Hanif Chaudhari |
| Umar A K Balwa |
| Rafiq H Balwa |
Sealmatic Lead Manager to the Issue
ISK Advisors Private Limited
ncmpl@ncmpl.com
Sealmatic Registrar to the issue
Kfin Technologies Private Limited
nvl.ipo@kfintech.com
Sealmatic Strengths
Approved/registered company
One of the few Indian companies approved/registered as a vendor with national and international customers
Experienced team
The company is led by a highly experienced board of directors and a professional and experienced management team with extensive experience in the industry
Consistent financial performance
The company has a consistent financial performance with about 30% growth in profit after tax
Sealmatic Risks
Certain legal proceedings
The company is a party to certain legal proceedings under the Civil Laws and Negotiable Instruments Act. Any adverse decision in such proceedings may have an effect on the business
Faces competition
The company faces competition in business from organised and unorganised players, which may adversely affect the business operation and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 14.6 crore, of 649,600 shares. It also consists of a fresh issue of Rs 41.6 crore.
The promoters of the company are Mohamed Hanif Chaudhari, Umar A K Balwa and Rafiq H Balwa.
The category allocation of qualified institutional buyers is 40.0%, the category allocation of non individual investors or high networth individuals is 18.0% and for retail investors it is 42.0%.
The price band of the IPO is Rs 220.0 - 225.0.
The IPO application opens on Feb 17, 2023 and closes on Feb 21, 2023.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Feb 24, 2023.
The refund will be credited to your account on Feb 27, 2023.
The allotted shares will be credited to your demat on Feb 28, 2023.
Sealmatic India Ltd.’s shares listed on the stock exchanges on Mar 01, 2023.