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Incorporated in 2005, Rex Sealing and Packing Industries Limited is a manufacturer and exporter of Sealing packing and Insulation products including Jointing Sheets, Fabric Expansion Joints, Gland packing & Ropes, High-Temperature resistant textiles, Ceramic Fiber Products, etc.
The business was first started by Mr Manjunath Nayak under the name M/s Rex Industries for manufacturing Gland Packing.
The vast product portfolio of Rex Sealing and Packing Industries includes:
The company executes in-house manufacturing through its unit situated in MIDC- Taloja Industrial Area, Palekhurd Panvel, Raigad.
The company is also planning to set up an additional manufacturing unit in Anand Nagar, MIDC Ambernath, admeasuring 4000. Sq meter for expansion of business and manufacture. Rex Sealing and Packing Industries will manufacture all types of "Asbestos Free" Gaskets sheets for Automotive, Steel, and other process units through this extension.
They are a customer-centric company, and the products of the company are used by some well-known industrial houses in the Petrochemical, Pharmaceutical, Power, Steel, Cement, Chemical, Gas, and Process industry.
| 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 | |||||
The Objects of the Net Proceeds from Fresh Issue is to raise funds for:
| IPO Date | Dec 30, 2022 to Jan 4, 2023 |
| Listing Date | Thursday, January 12, 2023 |
| Face Value | ₹10 per share |
| Price | ₹135 per share |
| Lot Size | 1000 Shares |
| Issue Size | 599,000 shares of ₹10 (aggregating up to ₹8.09 Cr) |
| Fresh Issue | 300,000 shares of ₹10 (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 |
| P/E (x) | 54.43 |
| Market Cap (₹ Cr.) | 29.97 |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | ARYAMAN CAPITAL MARKETS LIMITED |
| Company Promoters | Naresh Nayak, Niranjan Nayak and Manjunath Nayak are the promoters of the company. |
Rex Sealing and Packing Industries IPO opens on Dec 30, 2022, and closes on Jan 4, 2023. The Rex Sealing and Packing Industries IPO bid date is from Dec 30, 2022 10.00 A.M. to Jan 4, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 30, 2022 |
| Closing Date | Jan 4, 2023 |
| Basis of Allotment | Jan 9, 2023 |
| Initiation of Refunds | Jan 10, 2023 |
| Credit of Shares to Demat | Jan 11, 2023 |
| Listing Date | Jan 12, 2023 |
The Rex Sealing and Packing Industries IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹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 |
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.02% |
RSPIL is in a highly competitive and fragmented segment. It has posted inconsistency in its financial performance. On the basis of its super earnings for Q1 of FY23, the issue appears fully priced. Small paid-up equity capital post listing indicates longer gestation for migration to the main board. Well-informed, cash surplus/risk seekers may consider parking funds. Read detail review...
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. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.00 |
| Retail | 3.30 |
| Total | 2.65 |
| Listing Date | Thursday, January 12, 2023 |
| BSE Script Code | 543744 |
| NSE Symbol | |
| Listing In | M Group of Securities |
| ISIN | INE0MFT01014 |
| IPO Price | ₹135 per share |
| Face Value | ₹10 per share |
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Rex Sealing and Packing Industries Limited
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Rex Sealing and Packing Industries IPO is a SME IPO of 599,000 equity shares of the face value of ₹10 aggregating up to ₹8.09 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000 Shares.
The IPO opens on Dec 30, 2022, and closes on Jan 4, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rex Sealing and Packing Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Rex Sealing and Packing Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rex Sealing and Packing Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rex Sealing and Packing Industries IPO opens on Dec 30, 2022 and closes on Jan 4, 2023.
Rex Sealing and Packing Industries IPO lot size is 1000 Shares and the minimum order quantity is .
You can apply in Rex Sealing and Packing Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rex Sealing and Packing Industries IPO will be done on Jan 9, 2023, and the allotted shares will be credited to your demat account by Jan 11, 2023. Check the Rex Sealing and Packing Industries IPO allotment status.
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