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Rex Sealing and Packing Industries Limited IPO (Rex Sealing and Packing Industries IPO) Detail

Dec 30, 2022 - Jan 4, 2023

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:

  1. Compressed Fibre Jointing Sheets / Gaskets
  2. Gland Packing & Ropes
  3. Fabric Expansion Joints
  4. Technical and Heat Resistance Textiles
  5. Ceramic Fiber Product

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.

Company Financials

Rex Sealing and Packing Industries Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-201357.012017.7113.32732.87437.35
31-Mar-211317.081726.336.81769.67338.95
31-Mar-221443.752115.6854.62824.3377.71
30-Jun-221508.67571.6237.6861.9328.22
Amount in ₹ Lakhs

Objects of the Issue

The Objects of the Net Proceeds from Fresh Issue is to raise funds for:

  1. Funding Working Capital Requirement
  2. General Corporate Purpose

Rex Sealing and Packing Industries IPO Details

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 Size599,000 shares of ₹10
(aggregating up to ₹8.09 Cr)
Fresh Issue300,000 shares of ₹10
(aggregating up to ₹4.05 Cr)
Offer for Sale299,000 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 Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market MakerARYAMAN CAPITAL MARKETS LIMITED
Company Promoters

Naresh Nayak, Niranjan Nayak and Manjunath Nayak are the promoters of the company.

Rex Sealing and Packing Industries IPO Tentative Timetable

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

Rex Sealing and Packing Industries IPO Lot Size

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

Rex Sealing and Packing Industries IPO Promoter Holding

Pre Issue Share Holding 99.99%
Post Issue Share Holding 73.02%

Rex Sealing and Packing Industries IPO Review

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...


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. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.00
Retail3.30
Total2.65

Rex Sealing and Packing Industries IPO Prospectus

Rex Sealing and Packing Industries IPO Rating

71
3.5
Rating:Rated 3.5 stars
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Rex Sealing and Packing Industries IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹135.00
₹137.00
₹136.00
₹143.85
₹143.85

Company Contact Information

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/

Rex Sealing and Packing Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Rex Sealing and Packing Industries IPO Review

Rex Sealing and Packing Industries IPO Recommendation Summary

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Rex Sealing and Packing Industries IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Rex Sealing and Packing Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Rex Sealing and Packing Industries IPO listing date is on Thursday, January 12, 2023.
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