Rex Sealing And Packing Industries IPO:GMP, Price, Dates, Issue Size

0
284
Rate this post

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 
Ducol Organics IPO: GMP, Price, Dates, Issue size

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 

LEAVE A REPLY

Please enter your comment!
Please enter your name here