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;

1. Compressed Fibre Jointing Sheets / Gaskets.
2. Gland Packing & Ropes.
3. Fabric Expansion Joints.
4. 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:

1. Funding Working Capital Requirement
2. 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: compliance@rexseal.com Website: http://www.rexseal.com/
IPO Registrar	Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com
IPO Lead Manager(s)	Aryaman Financial Services limited

FAQ’s

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