Incorporated in 2009, Sealmatic India Limited is engaged in designing and manufacturing 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.
IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Open Date | IPO Close Date |
| Feb 17, 2023 | Feb 21, 2023 |
| IPO Allotment Date | Initiation of Refunds |
| Feb 24, 2023 | Feb 27, 2023 |
| Credit of Shares to Demat Account | Listing Date |
| Feb 28, 2023 | Mar 1, 2023 |
| Minimum Investment | Maximum Investment |
| ₹ 135,000 / 1 Lots (600 Shares) | ₹ 270,000 / 2 Lots (1200 Shares) |
| Price Range | Issue Size |
| ₹220 – ₹225 | ₹56.24 Cr |
Investor category and sub category
Qualified Institutional Buyers| Non-Institutional Investors| Retail Individual Investors
About Company
The company designs and manufactures all kinds of mechanical seals for oil and gas, fertilizer, power, mining, pulp & paper, pharmaceutical, refinery, aerospace, marine, petrochemical, and chemical industries. The company stated that it has a retention rate of 100%. The customers of the company include fortune 500 companies.
Sealmatic manufactures customized seals to meet the requirements of the customers. The company’s operations are widely recognized in India and worldwide. Currently, the company has a presence in over 45 countries, including India. Some 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 plans to set up another manufacturing facility to expand its operations. The second unit will be located in Khindipada Village Vasai East, Thane.
Sealmatic India Ltd IPO Objective
- Sealmatic will use the fund to buy plant machinery, develop products, and support post-production marketing expenses.
- A portion of the capital will be utilized for general corporate purposes and meeting working capital requirements.
Why should you invest in the Sealmatic India Ltd IPO?
Here are your top reasons to invest in the IPO.
- Twelve years plus industry experience and track record. The company is well-recognized not only in India but worldwide.
- The company has a solid customer base. About 77% of the company’s total sales come from exports and 23% from domestic clients.
- Sealmatic is one of the few Indian companies registered as trusted vendors for domestic and international businesses.
- They have set up a second manufacturing unit to boost their production capacity by 60%.
IPO Financials
| Financial year | Total Income | Total Expense | Profit After Tax |
|---|---|---|---|
| Parameters | FY20 | FY21 | FY22 |
| Revenue from operation | 3,309.13 | 3,532.58 | 4,254.06 |
| EBITDA | NA | NA | NA |
| EBITDA Margin (%) | NA | NA | NA |
| Profit After Tax | 494.13 | 649.76 | 841.46 |
| EPS (Basic) | 247.06 | 324.88 | 420.73 |
| ROE | NA | NA | NA |
Know before investing
Strengths
- A sable business model is supported by regular investment in R&D, a strong client base, and a steady increase in revenue.
- They have secured optimum utilization of their resources and production capacity.
- They have 100% retention of all its customers of over 1000 companies in forty-five countries.
Risks
- Prospective investors must note that some legal cases under civil law are pending against the company.
- The company must comply with fixed rules and regulations and obtain and renew the required licenses. Failing to do so will attract a penalty.
- The company’s revenue primarily comes from overseas customers, and the loss of a major client will impact its future revenue.
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