Sealmatic India Limited -

Sealmatic India Limited

Sealmatic India Limited, founded in 2009, is involved in the designing and manufacturing of mechanical seals and other related products. These mechanical seals are used in refineries, oil and gas, fertilizer, chemical, pulp and paper, marine, pharmaceutical, aerospace, mining, and other industrial spaces. They provide customized seals as per the needs of the customers. The operations of the organization are recognized globally.

The company serves more than 45 countries, including India. Some of the countries include Germany, Sweden, Norway, Japan, Australia, Denmark, the Netherlands, France, the USA, Switzerland, and many more. Sealmatic India is planning to expand its operations by setting up other manufacturing plants.

Here are the strengths of the company:

The Board of Directors and the team at Sealmatic Limited have skilled knowledge
Improving financial performance with an increment of 30% in profit after tax.
Maximum utilization of existing manufacturing facilities and planning to expand them.

Purpose of the IPO

For corporate expenses
Fulfill the working capital requirement
Buy new plants and machinery
Emergency fund

Consolidated Company Financials (Amount in lakhs)

Period Ended	Total Assets	Total Borrowing	Total Revenue	Net Worth
31-Mar-21	2975.94	272.62	3548.18	2174.43
31-Mar-22	3947.36	93.56	4276.80	3015.89
30-Sep-22	5108.52	224.39	2582.12	3550.15

IPO Details

Opening Date	Feb 17, 2023
Closing Date	Feb 21, 2023
Listing Date	Mar 1, 2023
Price	Rs.220 to Rs.225 each share
Lot Size	600 shares
Issue size	2,499,600 shares
Fresh Size	1,850,000 shares
Listing At	BSE, SME