SME IPO: Sealmatic India's Initial Public Offering (IPO) Subscribed by 45% on the First Day.
The issue received strong demand from retail investors.
While institutional and non-institutional investors showed muted response. The price band for the IPO is fixed at INR 220 per share and INR 225 per share. Bidding in the IPO opened on February 17 and will be allowed till February 21st.
As per BSE data, cumulatively, the SME IPO received bids of 8,71,200 equity shares against the offered size of 19,30,200 equity shares – subscribing by 45% on Day 1.
Ahead of the IPO, the company received bidding of 5,69,400 equity shares at the upper price band of INR 225 per share from anchor investors – aggregating to over INR 12.81 crore.
Manish Khanna – Co-founder at Unlisted Assets said, “The company has shown consistent financial performance with about 30% growth in Profit After Tax in the last 3 years.”
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