The Indian capital markets continue to offer a wide range of investment opportunities, with companies from various sectors and industries seeking to raise capital to fund their growth and expansion plans. Two new SMEs (Small and Medium Enterprises), Sealmatic India Limited and Macfos Limited, have launched their IPOs today to fulfil one of these reasons. This article will provide a comprehensive overview of both companies and the reasons behind their decision to go public. So, let’s explore these new opportunities and see how they can help you diversify your investments.
Sealmatic India Limited Launches IPO
Sealmatic India Limited, a leading manufacturer of mechanical seals and associated products, launched its Initial Public Offering (IPO) today, February 17, 2023. The SME IPO consists of 2,499,600 equity shares of a face value of ₹10 each, aggregating up to ₹56.24 Crores. The issue is priced at ₹220 to ₹225 per share, and the minimum order quantity is 600 shares.
The Sealmatic India IPO lot size is 600 shares, and a retail-individual investor can apply for up to one lot (600 shares or ₹135,000).
The IPO will remain open until February 21, 2023, and the shares are proposed to be listed on BSE SME. KFin Technologies Limited is the registrar for this IPO.
Purpose:
The company aims to raise funds for several purposes, including the purchase of plant and machinery, product development, marketing and after-sales support, general corporate purposes, provisions and contingency, and working capital requirements.
Macfos Limited Launches IPO
In a separate development, Macfos Limited, another SME, has launched its IPO, consisting of 2,328,000 equity shares of a face value of ₹10 each, aggregating up to ₹23.74 crores. The price band of the offer has been fixed at ₹96 to ₹102 per share. The minimum lot size is fixed at 1200 shares.
The shares of Macfos Limited are expected to list on BSE SME on March 1, 2023, with Bigshare Services Pvt Ltd serving as the registrar of the issue.
Purpose:
The offer consists of an Offer for Sale (OFS) by the Selling Shareholders, and the company will not receive any of the issue proceeds.
The Selling Shareholders will be authorised to the entire Offer proceeds.
History of SMEs
Sealmatic India Limited
Sealmatic India Limited, founded in 2009, has a diverse range of customers from various industries, including pulp and paper, oil and gas, petrochemical, chemical, fertiliser, power, mining, aerospace, marine, pharmaceutical, and other industrial spaces.
Macfos Limited
Macfos Limited, a budding e-commerce company established in 2017, is taking the electronic world by storm with its alluring website and mobile app, Robu.in. They offer a variety of electronic items, including drone parts, E-bike parts, and more. This past year, they served a staggering 2 lakh orders from all 28 Indian states and 6 Union Territories, serving big names like ONGC, M&M, and Tata Communications.
As of now, you have all the required details of the SMEs to help you make an informed investment decision regarding these two IPOs. Still, for your own fund safety, investors are advised to do their due diligence before investing in any IPO or stock and to consult with their financial advisor to ensure that their investment portfolio aligns with their financial goals and risk appetite.
Sources: livemint.com
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.