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Rex Sealing and Packing Industries IPO is a fixed price issue of Rs 8.09 crores. The issue is a combination of fresh issue of 3 lakh shares aggregating to Rs 4.05 crores and offer for sale of 2.99 lakh shares aggregating to Rs 4.04 crores.
Rex Sealing and Packing Industries IPO bidding started from December 30, 2022 and ended on January 4, 2023. The allotment for Rex Sealing and Packing Industries IPO was finalized on Monday, January 9, 2023. The shares got listed on BSE SME on January 12, 2023.
Rex Sealing and Packing Industries IPO price is ₹135 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹270,000.
Aryaman Financial Services Limited is the book running lead manager of the Rex Sealing and Packing Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Rex Sealing and Packing Industries IPO is Aryaman Capital Markets.
Refer to Rex Sealing and Packing Industries IPO RHP for detailed information.
| IPO Date | December 30, 2022 to January 4, 2023 |
| Listing Date | January 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 offers 599,000 shares. 283,000 (47.25%) to NII, 283,000 (47.25%) to RII.
| Investor Category | Shares Offered |
|---|---|
| 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 opens on December 30, 2022, and closes on January 4, 2023.
| IPO Open Date | Friday, December 30, 2022 |
| IPO Close Date | Wednesday, January 4, 2023 |
| Basis of Allotment | Monday, January 9, 2023 |
| Initiation of Refunds | Tuesday, January 10, 2023 |
| Credit of Shares to Demat | Wednesday, January 11, 2023 |
| Listing Date | Thursday, January 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 4, 2023 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 | |||
Naresh Nayak, Niranjan Nayak and Manjunath Nayak are the promoters of the company.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.02% |
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 market capitalization of Rex Sealing and Packing Industries IPO is Rs 29.97 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 19.62 |
The Objects of the Net Proceeds from Fresh Issue is to raise funds for:
[Dilip Davda] 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 January 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) |
|---|---|
| Other | 2.00 |
| Retail | 3.30 |
| Total | 2.65 |
| Listing Date | January 12, 2023 |
| BSE Script Code | 543744 |
| NSE Symbol | |
| ISIN | INE0MFT01014 |
| Final Issue Price | ₹135 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹135.00 |
| ₹137.00 |
| ₹136.00 |
| ₹143.85 |
| ₹143.85 |
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: https://ipo.bigshareonline.com/ipo_status.html
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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 December 30, 2022, and closes on January 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 December 30, 2022 and closes on January 4, 2023.
Rex Sealing and Packing Industries IPO lot size is 1000 Shares, and the minimum amount required is ₹135,000.
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 Monday, January 9, 2023, and the allotted shares will be credited to your demat account by Wednesday, January 11, 2023. Check the Rex Sealing and Packing Industries IPO allotment status.
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