Rex Sealing And Packing Industries IPO 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.
Rex Sealing And Packing Industries IPO – Overview
| IPO Dates | Dec 30, 2022, to Jan 4, 2023 |
| IPO Price | INR 135 per share |
| Fresh issue | 1,500,000 shares (INR 15 crore) |
| Offer For Sale | 299,000 shares (INR 4.04 crore) |
| Total IPO size | 1500,000 shares (INR 8.09 crore) |
| Minimum bid (lot size) | 6000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | Not less than 35% of the Net Offer |
| Listing On | BSE Emerge |
Tentative Dates
| IPO Offer Opening Date | 30 December 2022 |
| IPO Closing Date | 4 January 2023 |
| Finalisation of Basis of Allotment | 9 January 2023 |
| Initiation of refunds | 10 January 2023 |
| Transfer of shares to demat accounts | 11 January 2023 |
| IPO Listing Date | 12 January 2023 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
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 vast product portfolio of Rex Sealing and Packing Industries includes:
- Compressed Fibre Jointing Sheets / Gaskets
- Gland Packing & Ropes
- Fabric Expansion Joints
- Technical and Heat Resistance Textiles
- Ceramic Fiber Product.
The business was first started by Mr Manjunath Nayak under the name M/s Rex Industries for manufacturing Gland Packing.
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.
Objects of the Issue
- Funding Working Capital Requirement.
- General Corporate Purpose.
Company Financials
| Particulars | 31-March-22 | 31-Mar-21 | 31-Mar-20 |
| Total Assets | 1443.75 | 1317.08 | 1357.01 |
| Total Revenue | 2115.68 | 1726.3 | 2017.7 |
| Profit After Tax | 1508.67 | 571.62 | 37.6 |
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/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
