Sealmatic India IPO Analysis at Chanakyanipothi.com,
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On 1st March 2023, the scrip listed at Rs 225 (Issue price also Rs. 225)

 

Sealmatic India: Company Details

The company is engaged in the business of designing and manufacturing of 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 industrial. Company manufactures customised seals to meet the requirement of the client. Company has a complete range of engineered mechanical seals and sealing support systems to cater the needs of customers located all across the globe.
Sealmatic products are globally recognized as a trusted brand in process industry in over 45 countries, to name a few: USA, UK, Germany, Netherlands, Italy, Sweden, Norway, Switzerland, Denmark, Australia, France, Japan and many more countries.

The company has manufacturing facility at Bldg A, Indiplex IV, Survey No-12, Hissa No-9A, Village
Ghodbunder, Shanti Vidya Nagri Road, Mira Road (E), Thane – 401104. India. The said manufacturing unit is setup on a lease land in Survey No. 12, Hissa 9A, collectively admeasuring 3,855.86 Sq. Mtrs. The said unit is on rent. The company has also entered into lease agreement for setting up its second manufacturing unit. The said second unit is located at Industrial gala 1 to 7 ground floor Empire Estate-1 unit no. 2 Khindipada Village Vasai East, Thane 401208, which is about 14 Kms away from the existing unit. The said unit when fully functional will increase manufacturing capacity by 60% of the current capacity.
The company has been in the business since more than 12 years and the management has more than two decades of experience in the industry. Over the years Sealmatic has been successful in establishing its name in the industry and company has a strong customer base of domestic as well as foreign clients. Company has about 77% of its total sales from export of its product and 23% from domestic sales.

Some of the qualitative factors which form the basis for the Issue Price are:
• Existing Customer base of domestic and overseas clients
• One of few Indian companies approved/registered as vendor with national and international buyers
• Experienced Board of Directors and senior management team supported by skilled and qualified
workforce.
• Consistent financial performance with about 30 % growth in profit after taxes.
• Optimum utilisation of existing installed capacity and firm plan for expansion.
For more information about the company, Click www.sealmaticindia.com

Promoters of the IPO
Mr. Mohamed Hanif Chaudhari, Mr. Umar A. K. Balwa and Mr. Rafiq H. Balwa

Objects of the IPO:
This is an offer for sale & fresh issue of capital. The Objects of the Net Issue is to raise funds for:
1) Purchase of Plant and Machinery
2) Product Development
3) Marketing and after Sales Support
4) General Corporate Purpose
5) Provisions and Contingency
6) Working Capital Requirement

Go to Mainboard IPOs Section: Click