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Sealmatic IPO met with tremendous success, oversubscribed by 16.6 times

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 ....

Umarak Balwa , Sealmatic India Ltd , Businesswire India , Sealmatic India , Profit After Tax , India Ltd , Thane Maharashtra India , Ebruary 22 Ani Businesswire India Sealmatic 39s Initial Public Offering Ipo Witnessed Oversubscription By 16 6 Times On The Closing Day February 21st , 023 The Issue Received Strong Demand From Hnis , Ibs And Retail Investors The Price Band For Ipo Was Fixed At Rs 225 Per Share Bidding In Opened On February 17 Closed 21st Umarak Balwa Managing Director Sealmatic Said , Uot The Company Has Shown Consistent Financial Performance With About 30 Per Cent Growth In Profit After Tax Last 3 Years Quot Balwa Further Stated That Sealmatic India Ltd Would Like To Send Its Warmest Gratitude Everyone Who Invested Our Ipo Bse Sme We Are Witnessing Making Of History For And Investors Respect Grateful Have Supported Us Their Precious Capital Will Also Derive Satisfaction Knowing They Help Creating Jobs , Pur Innovation And Drive Transformation For Social Economic Growth Sealmatic Will Not Make Decisions Based On Short Term Revenues Or Profits Our Strategies Be Implemented With Mission Driven , Ong Term Development In Mind Quot Our People , Echnology And Resources Will Be Utilised To Safeguard The Sustainable Development Growth Of Sealmatic Ecosystem We Welcome Investors With Same Long Term Mindset Coupled Corporate Governance Ensure Sustainability Company Interests Our Customers , Nvestors And Other Business Participants Quot Isk Advisors Is Acting As The Book Running Lead Manager For Public Offer While Kfin Technologies Registrar Of Issue Icici Bank Sponsor Sealmatic Designs Manufactures Mechanical Seals Associated Products Mainly Oil Amp Gas , Ulp Amp Paper , Nd Many More Industrial Applications Finally , Alwa Stated Quot We Thank Our Investors For Their Faith And Support In Makinga Very Successful Performance Sealmatic On The Bse Sme Platform This Story Is Provided By Businesswire India Ani Will Not Be Responsible Any Way Content Of Article ,

Sealmatic India Ltd Files Draft Red Herring Prospectus

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 ....

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Radix Develops Technological Master Plan for Veracel

5-Year Roadmap includes mapping of OT assets, security solutions, technology, and governance. ....

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Conmark and Radix Announce Partnership to Deliver ESG

HOUSTON, Jan. 13, 2022 (GLOBE NEWSWIRE) Conmark Systems Inc. announced today a global strategic partnership with Radix, an engineering, automation,. ....

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Sealmatic obtains REACH and RoHS certification European Union Regulation

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. ....

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