IPO Alert: Macfos Ltd and Sealmatic India to Launch SME Share Sales in February 2023
Are you looking for investment opportunities in promising companies? Look no further than the upcoming IPOs of Macfos Ltd. and Sealmatic India, which will be available for public subscription from Friday, February 17, 2023, until Tuesday, February 21, 2023.
Macfos Ltd is offering 2,328,000 equity shares at a price band of ₹96 to ₹102 per share. The issue is an SME issue, comprising equity shares of the face value of ₹10 aggregating up to ₹24 crores. The offer comprises an Offer for Sale (OFS) by the Selling Shareholders. According to the offer documents, the selling shareholders will receive the entire proceeds from the OFS and the company will not receive any part of the proceeds of the issue. The shares of the company are expected to list on BSE SME on March 1, 2023. The registrar of the issue is Bigshare Services Pvt Ltd.
Sealmatic India is offering 24,99,600 equity shares at a price band of ₹220 to ₹225 per equity share. The ₹56 crore issue would comprise a fresh issue of up to 18,50,00 equity shares aggregating to ₹41.6 crores to fund the expansion plan and an offer for sale (OFS) of up to 6,49,600 equity shares aggregating to ₹14.6 crores. The gross proceeds of the issue will be employed for the purchase of Plant and Machinery, Product & Sales Development, and other corporate purposes. Sealmatic India is a manufacturer of mechanical seals with domestic and international customers in over 45 countries. Their mechanical seals are supplied to industry leaders in oil & gas, refinery, petrochemical, chemical, pharmaceutical, fertilizer, power, mining, pulp & paper, aerospace, marine, and other industries.
These IPOs provide a unique opportunity for investors to invest in promising companies that have the potential for growth and expansion. Both companies have a strong track record and a solid business plan for the future. By investing in their IPOs, you can become a part of their success story.
Don’t miss out on this chance to invest in these promising companies. Subscribe to their IPOs before it’s too late!
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