Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Fri, Dec 30, 2022 - Wed, Jan 4, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Dec 30, 2022
IPO Close
Wed, Jan 4, 2023
Issue Price
₹135 per share
Market Cap (Pre-IPO)
₹29.97 Cr
| IPO Date | 30 Dec, 2022 to 4 Jan, 2023 |
| Listed on | Thu, Jan 12, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹135 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 5,99,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 33,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.4455 Cr) |
| Fresh Issue (Ex Market Maker) | 2,67,000 shares (agg. up to ₹4 Cr) |
| Offer for Sale | 2,99,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 5,66,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 19,20,000 shares |
| Share Holding Post Issue | 22,20,000 shares |
| BSE Script Code | 543744 |
| ISIN | INE0MFT01014 |
Rex Sealing IPO comprises a total issue size of 5,99,000 shares. The net offer to the public is 5,66,000 shares, after excluding 33,000 shares allotted on a firm basis. Of the Net offer 2,83,000 (50.00%) allocated to NII 2,83,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,83,000 | 50.00% | 47.25% |
| Retail Shares Offered | 2,83,000 | 50.00% | 47.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 33,000 | 5.51% | |
| Total Shares Offered | 5,99,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
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 | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 15.09 | 14.44 | 13.17 | 13.57 |
| Total Income | 5.72 | 21.16 | 17.26 | 20.18 |
| Profit After Tax | 0.38 | 0.55 | 0.37 | 1.13 |
| NET Worth | 8.62 | 8.24 | 7.70 | 7.33 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 3.28 | 3.78 | 3.39 | 4.37 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirement | 2.78 |
| 2 | General Corporate Purpose | 0.87 |
| KPI | |
|---|---|
| ROE | 48.77 |
| ROCE | 6.77 |
| Debt/Equity | 0.46 |
| RoNW | 6.63 |
| PAT Margin | 3.00% |
| EBITDA Margin | 6.88% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.85 | |
| P/E (x) | 19.62 | |
| Promoter Holding | 99.99% | 73.02% |
| Market Cap | ₹29.97 Cr. |
The Rex Sealing and Packing Industries IPO is subscribed 2.65 times on January 4, 2023 6:57:00 PM (Day 4). The public issue subscribed 3.3 times in the retail category, [.] times in the QIB category, and 2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2 | 2,83,000 | 5,66,000 |
| Retail | 3.3 | 2,83,000 | 9,34,000 |
| Total | 2.65 | 5,66,000 | 15,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.48 |
| 2 | Brokerage and selling commission | 0.04 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.03 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.13 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹135.00 |
| Open | ₹137.00 |
| Low | ₹136.00 |
| High | ₹143.85 |
| Last Trade | ₹143.85 |
Lead Manager Reports
Rex Sealing IPO is a SME IPO of 5,99,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Dec 30, 2022, and closes on Wed, Jan 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 Fri, Dec 30, 2022 and closes on Wed, Jan 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 Wed, Jan 11, 2023. Check the Rex Sealing IPO allotment status.
The Rex Sealing IPO listing date is on Thu, Jan 12, 2023.
