Established in 2005, Rex Sealing and Packing Industries Limited operates as a distinguished manufacturer and exporter, specializing in a diverse range of Sealing, Packing, and Insulation products. Their offerings encompass Jointing Sheets, Fabric Expansion Joints, Gland Packing & Ropes, High-Temperature Resistant Textiles, Ceramic Fiber Products, and more.
The enterprise’s origins trace back to Mr. Manjunath Nayak, who initiated the business under the banner of M/s Rex Industries, focusing on the manufacturing of Gland Packing.
Rex Sealing and Packing Industries Limited boasts an expansive array of products, including:
- Compressed Fibre Jointing Sheets / Gaskets
- Gland Packing & Ropes
- Fabric Expansion Joints
- Technical and Heat-Resistant Textiles
- Ceramic Fiber Products
The company undertakes its manufacturing operations in-house, with a dedicated unit situated in the MIDC- Taloja Industrial Area, Palekhurd Panvel, Raigad.
Looking forward, the company has strategic plans to establish an additional manufacturing facility in Anand Nagar, MIDC Ambernath, spanning an area of 4000 square meters. This expansion is aimed at broadening their business reach and production capabilities. The new unit will specialize in the production of “Asbestos-Free” Gasket sheets for sectors like Automotive, Steel, and other industrial processes.
Proudly following a customer-centric approach, Rex Sealing and Packing Industries Limited’s products find application in renowned industrial entities across various sectors such as Petrochemicals, Pharmaceuticals, Power Generation, Steel Manufacturing, Cement Production, Chemicals, Gas, and the Process industry.
Rex Sealing And Packing Industries Ltd Stock Quote #
- Open: ₹112.00
- High – Low: ₹115.75 – ₹110.00
- Previous Close: ₹109.00
- Total Traded Value: 6,000
- 52 Weeks High: ₹195.00 (Jan 27, 2023)
- 52 Weeks Low: ₹95.00 (Jun 14, 2023)
- Updated On: Aug 21, 2023 4:00 PM
IPO Details #
Rex Sealing and Packing Industries IPO is a Fixed Price Issue. The IPO total issue size is Rs 8.09 Cr. The Rex Sealing and Packing Industries IPO price is ₹135 per share. The IPO will list on BSE SME.
| IPO Date | Dec 30, 2022 to Jan 4, 2023 |
| Listing Date | Jan 12, 2023 |
| Face Value | ₹10 per share |
| Price | ₹135 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 599,000 shares (aggregating up to ₹8.09 Cr) |
| Fresh Issue | 300,000 shares (aggregating up to ₹4.05 Cr) |
| Offer for Sale | 299,000 shares of ₹10 (aggregating up to ₹4.04 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 33,000 shares Aryaman Capital Markets |
Rex Sealing and Packing Industries IPO Reservation #
Rex Sealing and Packing Industries IPO a total of 599,000 shares are offered. RII: 283,000 (47.25%), NII: 283,000 (47.25%).
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 33,000 (5.51%) |
| Other Shares Offered | 283,000 (47.25%) |
| Retail Shares Offered | 283,000 (47.25%) |
| Total Shares Offered | 599,000 (100%) |
Rex Sealing and Packing Industries IPO Timetable (Tentative) #
Rex Sealing and Packing Industries IPO opens on Dec 30, 2022, and closes on Jan 4, 2023.
| IPO Open Date | Friday, 30 December 2022 |
| IPO Close Date | Wednesday, 4 January 2023 |
| Basis of Allotment | Monday, 9 January 2023 |
| Initiation of Refunds | Tuesday, 10 January 2023 |
| Credit of Shares to Demat | Wednesday, 11 January 2023 |
| Listing Date | Thursday, 12 January 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 4, 2023 |
Rex Sealing and Packing Industries IPO Lot Size #
The minimum lot size of this Rex Sealing and Packing Industries IPO is 1000 shares required is ₹135,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹135,000 |
| Retail (Max) | 1 | 1000 | ₹135,000 |
| HNI (Min) | 2 | 2,000 | ₹270,000 |
| Lot Size Calculator | |||
Rex Sealing and Packing Industries IPO Promoter Holding #
Naresh Nayak, Niranjan Nayak and Manjunath Nayak are the promoters of the company.
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.02% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 1357.01 | 2017.7 | 113.32 | 732.87 | 437.35 |
| 31-Mar-21 | 1317.08 | 1726.3 | 36.81 | 769.67 | 338.95 |
| 31-Mar-22 | 1443.75 | 2115.68 | 54.62 | 824.3 | 377.71 |
| 30-Jun-22 | 1508.67 | 571.62 | 37.6 | 861.9 | 328.22 |
| Amount in ₹ Lakhs | |||||
Key Performance Indicator #
Rex Sealing and Packing Industries IPO Market Cap is Rs 29.97 Cr and P/E (x) is 19.62.
| KPI | Values |
|---|---|
| P/E (x) | 19.62 |
| Market Cap (₹ Cr.) | 29.97 |
Objects of the Issue #
The Objects of the Net Proceeds from Fresh Issue is to raise funds for:
- Funding Working Capital Requirement
- General Corporate Purpose
Rex Sealing and Packing Industries IPO Subscription Status (Bidding Detail) #
The Rex Sealing and Packing Industries IPO is subscribed 2.65 times on Jan 4, 2023 6:57:00 PM. The public issue subscribed 3.30 times in the retail category, times in the QIB category, and 2.00 times in the NII category.
| Category | Subscription (times) |
|---|---|
| Other | 2.00 |
| Retail | 3.30 |
| Total | 2.65 |
Rex Sealing and Packing Industries IPO Prospectus #
Rex Sealing and Packing Industries IPO Listing Details #
| Listing Date | Jan 12, 2023 |
| BSE Script Code | 543744 |
| NSE Symbol | |
| ISIN | INE0MFT01014 |
| Final Issue Price | ₹135 per share |
Company Contact Information #
A-207, 2nd Floor, Plot No.711 A
Byculla Services Industries, D K Road,
Ghodapdeo, Byculla (East) Mumbai – 400027
Phone: +91-22-40021599
Email: compliance@rexseal.com
Website: http://www.rexseal.com/
Rex Sealing and Packing Industries IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Rex Sealing and Packing Industries IPO Lead Manager(s) #
FAQs #
What is the IPO price for Rex Sealing and Packing Industries? #
The IPO price for Rex Sealing and Packing Industries is ₹135 per share.
When is the IPO date for Rex Sealing and Packing Industries? #
The Rex Sealing and Packing Industries IPO date was from Dec 30, 2022, to Jan 4, 2023.
Where will the Rex Sealing and Packing Industries IPO be listed? #
The Rex Sealing and Packing Industries IPO will be listed on BSE SME.
How many equity shares are offered in the Rex Sealing and Packing Industries IPO? #
Rex Sealing and Packing Industries IPO offers 599,000 equity shares.
How many shares are offered to retail investors in the Rex Sealing and Packing Industries IPO? #
Rex Sealing and Packing Industries IPO offers 283,000 shares to retail investors.
What types of industrial packing products does Rex Sealing and Packing Industries manufacture? #
Rex Sealing and Packing Industries is engaged in manufacturing a range of industrial packing products.
Please note that the information provided is based on the data available.
