Rex Sealing and Packing Industries IPO GMP, Price, Dates & Allotment Details 2023
Rex Sealing and Packing Industries IPO opens on December 30 and closes on January 4, 2023. According to the DRHP filed in SEBI, the company is planning to raise about ₹ 8.09 crore through this public issue by issuing 599,000 shares of face value of ₹ 10 each at a price of ₹ 135 per share. Consists of fresh issue of 300,000 shares aggregating up to ₹ 4.05 crore and offer for sale of 299,000 shares aggregating up to ₹ 4.04 crore.
Founded in 1963. An organisation with ISO 9001 and 14001 certifications is Rex Sealing and Packing Industries Limited. It is a producer and exporter of insulation, packing, and sealing materials, such as high-temperature resistant textiles, jointing sheets, fabric expansion joints, packaging and ropes for glands, etc.
Company diversified product include 4 major categories;
- Compressed Fibre Jointing Sheets / Gaskets.
- Gland Packing & Ropes.
- Fabric Expansion Joints.
- Technical and Heat Resistance Textiles.
Some of the most well-known industrial houses in the petrochemical, power, cement, steel, chemical, pharmaceutical, gas, and process industries utilise its products, and it has a dedicated internal research and development laboratory (“R&D”) that conducts rigorous testing and quality monitoring. Employees of the company sell fabric expansion joints and non-asbestos jointing sheets in large quantities to businesses that manufacture gaskets in the UK, US, Europe, Australia, Africa, and the Middle East.
Objects of the Issue
The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:
- Funding Working Capital Requirement
- General Corporate Purpose
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th June 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 861.90 | 824.30 | 769.67 | 732.87 |
| Total Assets | 1508.67 | 1443.75 | 1317.08 | 1357.01 |
| Total Revenue | 571.62 | 2115.68 | 1726.30 | 2017.70 |
| Profit After Tax | 37.60 | 54.62 | 36.81 | 113.32 |
| Total Borrowings | 328.22 | 377.71 | 338.95 | 437.35 |
Rex Sealing and Packing Industries IPO – Details
According to the DRHP filed in SEBI, the company is planning to issue 599,000 shares of ₹ 10 each aggregating up to ₹ 8.09 Crore.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 135 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1000 shares |
| Issue Size | 599,000 shares of ₹ 10 (Aggregating up to ₹ 8.09 Crore) |
| Fresh Issue | 300,000 shares of ₹ 10 (Aggregating up to ₹ 4.05 Crore) |
| Offer for Sale | 299,000 shares of ₹ 10 (Aggregating up to ₹ 4.04 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Listing At | BSE SME |
| Promoters | Naresh Nayak, Niranjan Nayak and Manjunath Nayak |
GMP – Rex Sealing and Packing Industries IPO
Rex Sealing and Packing Industries IPO GMP or Grey Market Premium are available here. The IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.
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Tentative Dates – Rex Sealing and Packing Industries IPO
Rex Sealing and Packing Industries IPO opens on December 30 and closes on January 4, 2023.
| Opening Date | December 30, 2022 |
| Closing Date | January 4, 2023 |
| Basis of Allotment | January 9, 2023 |
| Initiation of Refunds | January 10, 2023 |
| Credit of shares to Demat A/c | January 11, 2023 |
| Listing Date | January 12, 2023 |
Lot Size – Rex Sealing and Packing Industries IPO
The Rex Sealing and Packing Industries IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lot i.e. 1000 shares of ₹ 135,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1000 | ₹ 135,000 |
| Retail (Maximum) | 1 | 1000 | ₹ 135,000 |
| HNI (Minimum) | 2 | 2000 | ₹ 270,000 |
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Promoters Holdings – Rex Sealing and Packing Industries IPO
| Pre-issue Shares Holdings | 99.99% |
| Post-issue Shares Holdings | 73.02% |
SWOT Analysis – Rex Sealing and Packing Industries IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Focusing on multiple end – user industries 2. Quality Product. 3. Large Product Line. 4. Large Production Capacity. 5. Long Term relationship with clients and repeat business. 6. In house R&D for innovation and cost improvements. | 1. Outstanding legal proceedings against company. 2. Substantial portion of company revenue dependent upon few clients. |
| OPPORTUNITIES | THREATS |
| 1. As a exporter company need to search more opportuniies in other western countrires. | 1. Changes in laws and regulation. 2.Change in technology. 3. Competitions |
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Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| 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: [email protected] Website: http://www.rexseal.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: [email protected] Website: http://www.bigshareonline.com |
| IPO Lead Manager(s) | Aryaman Financial Services limited |
FAQ’s
What will be the Rex Sealing and Packing Industries IPO lot size?
One lot of Rex Sealing and Packing Industries IPO contains 1,000 shares of ₹ 135,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Rex Sealing and Packing Industries IPO allotment be available?
The finalization of Basis of Allotment for Rex Sealing and Packing Industries IPO will be done on January 9, 2023, and the allotted shares will be credited to your demat account by January 11, 2023. Check the Rex Sealing and Packing Industries IPO allotment status.
When will Rex Sealing and Packing Industries IPO list on exchanges?
The Rex Sealing and Packing Industries IPO shares listing date is January 12, 2023.
How many shares in Rex Sealing and Packing Industries IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
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