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)
Feb 17, 2023
Feb 21, 2023
Mar 1, 2023
Rs.220 to Rs.225 each share