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 Product etc. Rex Sealing & Packing is an ISO 9001 & 14001 Certified company.
Our diversified products include four major categories:
- Compressed Fibre Jointing Sheets / Gaskets
- Gland Packing & Ropes
- Fabric Expansion Joints
- Technical and Heat Resistance Textiles
- Ceramic Fiber Product
The Company’s all products are manufactured in-house at Rex Sealing & Packing manufacturing facilities located in Plot No.44, MIDC- Taloja Industrial Area, Palekhurd Panvel, Raigad – 410208. Company’s manufacturing unit is a well-equipped laboratory, modern technology and testing equipments with supporting environment and facilities, to ensure that the products conform to the pre-determined standards.
Rex Sealing & Packing is in the process of setting up an additional manufacturing facility at Anand Nagar, MIDC Ambernath, admeasuring 4000. Sq meter for expansion of business and manufacture of all types of “Asbestos Free” Gaskets sheets for Automotive, Steel and other process unit.
Rex Sealing & Packing have a dedicated in house Research & Development Laboratory (“R&D”) which undertakes rigorous testing and quality management. The company’s dedicated R&D team tests the raw materials procured and the products manufactured. The R&D team is instrumental in maintaining the high quality of the products.
Rex Sealing and Packing IPO – Details
| IPO Opening Date | 30 December 2022 |
| IPO Closing Date | 04 January 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 5,99,000 Shares Worth ₹8.08 Crore |
| Fresh Issue | 3,00,000 Shares Worth ₹4.05 Crore |
| Offer For Sale | 2,99,000 Shares Worth ₹4.03 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹135 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Private Limited |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Rex Sealing and Packing IPO – Date Schedule
| IPO Open Date | 30 December 2022 |
| IPO Close Date | 04 January 2023 |
| Basis of Allotment | 09 January 2023 |
| Initiation of Refunds | 10 January 2023 |
| Credit of Shares to Demat Account | 11 January 2023 |
| IPO Listing Date | 12 January 2023 |
Rex Sealing and Packing IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 1000 | 1,35,000 |
| Maximum | 1 | 1000 | 1,35,000 |
Competitive Strengths
- Focusing on multiple end – user industries.
- Quality Products.
- Experienced Management Team.
- Long Term relationship with clients and repeat business.
- In house R&D for innovation and cost improvements.
- Presence in International markets.
Company Promoters
- Naresh Nayak
- Niranjan Nayak
- Manjunath Nayak
Object Of The Issue
- Funding Working Capital Requirement.
- General corporate purpose.
- Issue related Expenses.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 20.17 | 18.63 | 1.13 |
| 31 March 2021 | 17.26 | 16.73 | 0.36 |
| 31 March 2022 | 21.15 | 20.47 | 0.54 |
| 30 June 2022 | 5.71 | 5.33 | 0.37 |
Rex Sealing and Packing IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.02% |
Rex Sealing and Packing IPO Prospectus
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: www.rexseal.com |
Rex Sealing and Packing IPO Registrar
| Bigshare Services Private Limited Phone: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
Rex Sealing and Packing IPO Lead Manager(s)
| 1. Aryaman Financial Services Limited |
Rex Sealing and Packing IPO FAQs
| What is Rex Sealing and Packing IPO? Rex Sealing and Packing IPO is a SME IPO. The issue is priced at ₹135 per equity share. The IPO is to be listed on BSE SME. |
| When Rex Sealing and Packing IPO will open? The IPO is to open on 30 December 2022 for NII and Retail Investors. |
| What is Rex Sealing and Packing IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Rex Sealing and Packing IPO? You can apply Rex Sealing and Packing IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Rex Sealing and Packing IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rex Sealing and Packing”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Rex Sealing and Packing IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rex Sealing and Packing”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Rex Sealing and Packing IPO Size? Rex Sealing and Packing IPO size is ₹8.08 crores. |
| What is Rex Sealing and Packing IPO Price Band? Rex Sealing and Packing IPO Price Band is ₹135. |
| What is Rex Sealing and Packing IPO Minimum and Maximum Lot Size? The minimum bid is 1000 Shares with ₹1,35,000 amount while the maximum bid is 1000 shares with ₹1,35,000. |
| What is the Rex Sealing and Packing IPO Allotment Date? Rex Sealing and Packing IPO allotment date is 09 January 2023. |
| What is the Rex Sealing and Packing IPO Listing Date? Rex Sealing and Packing IPO listing date is 13 January 2023. The IPO is to list on BSE SME. |
