Thane (Maharashtra) [India], February 22 (ANI/BusinessWire India): Sealmatic India's initial public offering (IPO) witnessed oversubscription by 16.6 times on the closing day (February 21st, 2023). The issue received strong demand from HNIs, QIBs and Retail investors. The price band for the IPO was fixed at Rs 225 per share. Bidding in the IPO opened on February 17 and closed on February 21st. Umar A K Balwa - Managing Director at Sealmatic said, "The company has shown consistent financial performance with about 30 per cent growth in Profit After Tax in the last 3 years." Balwa further stated that "Sealmatic India Ltd would like to send its warmest gratitude to everyone who has invested in our IPO (BSE SME). We are witnessing the making of history for our company and our investors. We respect and are grateful to our investors who have supported us with their precious capital." "Our investors will also derive satisfaction in knowing that they will help Sealm
Thane (Maharashtra) [India], January 9 (ANI/ BusinessWire India): Sealmatic India Ltd (SIL) files Draft Red Herring Prospectus with BSE SME Mumbai, January 05th 2023, subject to relevant approvals. SIL is a leading designer and manufacturer of mechanical seals for all kinds of rotary equipment for refinery, oil & gas, chemical, petrochemical, chemical, fertiliser, pharmaceutical, power, marine, pulp & paper, food & beverage, aerospace and many more industrial applications. SIL is a supplier to renowned global rotary equipment OEMs in USA, UK, Germany, Netherlands, Italy, Sweden, Norway, Switzerland, Denmark, Australia, France, Japan and many more countries. SIL is an API Q1 Spec, ATEX - 2014/34/EU, DSIR, ISO 9000, 14000, 45000 & PED 97/23/EC QA-System, FDA, GMP, RoHS, REACH Certified Company. SIL mechanical seals are exported to over 45 countries across the globe. The company employs 235 people at its modern manufacturing plant in Mira Road and is further expanding its
Mumbai (Maharashtra) [India], August 11 (ANI/BusinessWire India): Mumbai-based Sealmatic a leading manufacturer of mechanical seals has been awarded, the REACH and RoHS certification as per the European Union Regulation (EU) and is the only mechanical seal company in India which has the distinction of having the REACH and RoHS certification.