Market & News

graph-market IPO

Sealmatic India Ltd

Registered Office: 4th Flr Techniplex I Off Veer,Savarkar Flyover Goregaon(West, Mumbai - 400062, Maharashtra, India.
Phone : 91-9867058592   Fax:
Email :  compliance@sealmaticindia.com  
Website :  www.sealmaticindia.com

Initial public offer of upto 24,99,600 equity shares of face value of Rs. 10 each ("Equity Shares") of Sealmatic India Limited (the "Company" or "SIL" or "The Issuer") for cash at a price of Rs. 225 per equity (including a share premium of Rs. 215 per equity share) (the "Issue Price"), aggregating to Rs. 56.24 crores (The "Issue"), comprising of fresh issue of upto 18,50,000 equity shares at Rs. 225 per equity shares aggregating to Rs. 41.63 crores and offer for sale of 6,49,600 equity shares by selling shareholders at a price of Rs. 225 per equity shares aggregating to Rs. 14.62 crores. The offer includes a resrvation of upto 1,26,000 equity shares of face value of Rs. 10 each at a price of Rs. 225 per equity share aggregating to Rs. 2.84 crores for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of upto 23,73,600 equity shares aggregating to Rs. 53.41 crores hereinafter referred to as the ("Net Issue"). The issue and the net issue will constitute 27.62 % and 26.23 % respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. Price Band: Rs. 220.00 to Rs. 225.00 per equity share of face value of Rs. 10/- each and the issue price is 22 to 22.5 times of the face value at the lower price band and upper price band respectively. Bid can be made for minimum of 600 equity shares and the multiples of 600 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
17-Feb-23 21-Feb-23 225.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 600   Further Multiples of : 600
  Rs Cr Lead Managers to the Issue
Project Cost 40.50 ISK Advisors Pvt Ltd
Project Financed through Current Offer 56.24  
Post Issue Equity Share Capital 9.05  
Issue Price 225.00  

Projects

  • Purchase of Pland & Machinery
  • Product Development
  • Marketing and Post-Sales Support
  • General Corporate Purposes
  • Provision & Contingency
  • Working Capital Requirement

Promoted By

Mohamed Hanif Chaudhari

Umar A.K.Balwa

Rafiq H Balwa

Listing At

BSE - SME

Registrar to the Issue

No Data Available

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