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Rex Sealing IPO is a fixed price issue of ₹8.09 crores. The issue is a combination of fresh issue of 0.03 crore shares aggregating to ₹4.05 crores and offer for sale of 0.03 crore shares aggregating to ₹4.04 crores.
Rex Sealing IPO bidding started from Dec 30, 2022 and ended on Jan 4, 2023. The allotment for Rex Sealing IPO was finalized on Jan 9, 2023. The shares got listed on BSE SME on Jan 12, 2023.
Rex Sealing IPO price is ₹135.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,70,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Rex Sealing IPO RHP for detailed Information.
| IPO Date | December 30, 2022 to January 4, 2023 |
| Listing Date | January 12, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹135 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 5,99,000 shares (aggregating up to ₹8.09 Cr) |
| Reserved for Market Maker | 33,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.4455 Cr) |
| Fresh Issue (Ex Market Maker) | 2,67,000 shares (aggregating up to ₹3.60 Cr) |
| Offer for Sale | 2,99,000 shares of ₹10 (aggregating up to ₹4.04 Cr) |
| Net Offered to Public | 5,66,000 shares (aggregating up to ₹7.64 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 19,20,000 shares |
| Share Holding Post Issue | 22,20,000 shares |
Rex Sealing and Packing Industries IPO offers total 5,99,000 shares. Out of which 2,83,000 (47.25%) allocated to NII, 2,83,000 (47.25%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 33,000 (5.51%) |
| NII (HNI) Shares Offered | 2,83,000 (47.25%) |
| Retail Shares Offered | 2,83,000 (47.25%) |
| Total Shares Offered | 5,99,000 (100.00%) |
Rex Sealing IPO opens on December 30, 2022, and closes on January 4, 2023.
| IPO Open Date | Fri, Dec 30, 2022 |
| IPO Close Date | Wed, Jan 4, 2023 |
| Tentative Allotment | Mon, Jan 9, 2023 |
| Initiation of Refunds | Tue, Jan 10, 2023 |
| Credit of Shares to Demat | Wed, Jan 11, 2023 |
| Tentative Listing Date | Thu, Jan 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 4, 2023 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,35,000 |
| Retail (Max) | 1 | 1,000 | ₹1,35,000 |
| HNI (Min) | 2 | 2,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2005, 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 business was first started by Mr Manjunath Nayak under the name M/s Rex Industries for manufacturing Gland Packing.
The vast product portfolio of Rex Sealing and Packing Industries includes:
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 1357.01 | 2017.7 | 113.32 | 732.87 | 437.35 |
| 31-Mar-21 | 1317.08 | 1726.3 | 36.81 | 769.67 | 338.95 |
| 31-Mar-22 | 1443.75 | 2115.68 | 54.62 | 824.3 | 377.71 |
| 30-Jun-22 | 1508.67 | 571.62 | 37.6 | 861.9 | 328.22 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Rex Sealing IPO is ₹29.97 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 19.62 |
The Objects of the Net Proceeds from Fresh Issue is to raise funds for:
[Dilip Davda] RSPIL is in a highly competitive and fragmented segment. It has posted inconsistency in its financial performance. On the basis of its super earnings for Q1 of FY23, the issue appears fully priced. Small paid-up equity capital post listing indicates longer gestation for migration to the main board. Well-informed, cash surplus/risk seekers may consider parking funds. Read detail review...
| Listing Date | January 12, 2023 |
| BSE Script Code | 543744 |
| NSE Symbol | |
| ISIN | INE0MFT01014 |
| Final Issue Price | ₹135 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹135.00 |
| Open | ₹137.00 |
| Low | ₹136.00 |
| High | ₹143.85 |
| Last Trade | ₹143.85 |
Rex Sealing & Packing Industries Ltd.
A-207, 2nd Floor, Plot No.711 A
Byculla Services Industries, D K Road,
Ghodapdeo, Byculla (East) Mumbai - 400027
Byculla, Maharashtra
Phone: +91-22-40021599
Email: compliance@rexseal.com
Website: http://www.rexseal.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Rex Sealing IPO is a SME IPO of 5,99,000 equity shares of the face value of ₹10 aggregating up to ₹8.09 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000.
The IPO opens on December 30, 2022, and closes on January 4, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rex Sealing IPO using UPI as a payment gateway. Zerodha customers can apply in Rex Sealing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rex Sealing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rex Sealing IPO opens on December 30, 2022 and closes on January 4, 2023.
Rex Sealing IPO lot size is 1000, and the minimum amount required for application is ₹1,35,000.
You can apply in Rex Sealing IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rex Sealing IPO will be done on Monday, January 9, 2023, and the allotted shares will be credited to your demat account by Wednesday, January 11, 2023. Check the Rex Sealing IPO allotment status.
The Rex Sealing IPO listing date is on Thursday, January 12, 2023.
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