Sealmatic India Limited Announces Opening Of Its Initial Public Offering Under BSE SME Board. SIL will open its Initial Public Offering starting from February 16th, 2023, and the issue will close on
February 21st, 2023. According to the prospectus filed with BSE SME, 24,99,600 equity shares are
offered at a price band of Rs. 220 Lower Band (LB) to Rs.225 Upper Band (UB) per Equity Share of Face
Value Rs. 10/- each.
Not more than 40% of the Net Issue will be allocated on a proportionate basis to Qualified Institutional
Buyers (“QIBs”) including Anchor, and not less than 18% of the Net Issue will be available for allocation
on a proportionate basis to Non- Institutional Investors and not less than 42% of the Net Issue will be
available for allocation to Retail Individual Investors.
SIL is a leading designer and manufacturer of mechanical seals for all kinds of rotary equipment for
refinery, oil & gas, petrochemical, chemical, fertiliser, pharmaceutical, power, marine, pulp & paper,
food & beverage, aerospace, and many more industrial applications.
According to the report from fortune business insights, the global industrial mechanical seals market is
valued at USD 4.5 billion in the year 2021. The market is projected to grow to USD 6.8 billion by 2029,
expecting a CAGR of 5.7%.
Sealmatic is an OE supplier to KSB, Sulzer, KEPL, Andritz, KBL, RuhrPumpen, Wilo, SPX, Seepex, Düchting,
ITT (USA), BHEL, Circor, Idex, Egger, PMSL, MSL, Xylem, Metso and many other renowned OEMS.
The company is API Q1 Spec, ATEX – 2014/34/EU, DSIR, ISO 9000, 14000, 45000 & PED 97/23/EC QA-
System, FDA, GMP, RoHS, REACH Certified Company. Additionally, the company is the only MSME
mechanical seal company which has been approved by the Ministry Of Science & Technology.
Umar Balwa, Managing Director of Sealmatic India Limited says, “There are about 15000 high quality
SMEs located across the length and breadth of the country, engaged in high end manufacturing in every
field possible. There is going to be an industrial revolution in our country in the coming years, making
India a power house like Germany, Japan and South Korea. There are about 394 companies listed on BSE
SME Platform, which have raised Rs. 4,263 crores from the market and total market capitalization of 394
companies as on October 07, 2022 is about Rs. 60,000 Crores. This says it all !
For more information please visit:
www.sealmaticindia.com
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