Rex Sealing IPO Set for December 30; View Financials, Valuation, and Forecasts.
Rex Sealing and Packing Industries Limited were founded in 2005. It makes and exports products for sealing, packing, and insulation, such as Jointing Sheets, Fabric Expansion Joints, Gland packing and Ropes, High-Temperature resistant textiles, Ceramic Fiber Products, and so on.
Mr. Manjunath Nayak started the business under the name M/s Rex Industries to make Gland Packing.
Rex Sealing and Packing Industries have a wide range of products, such as:
- Sheets and gaskets made of compressed fiber
- Gland Packing and Ropes Technical and Heat Resistant Textiles Fabric Expansion Joints
- Product of Ceramic Fiber
- Through its unit in the MIDC- Taloja Industrial Area, Palekhurd Panvel, Raigad, the company does its own manufacturing.
The company also wants to set up a 4,000-square-meter manufacturing unit in Anand Nagar, MIDC Ambernath, so it can grow its business and make more things. Through this extension, Rex Sealing and Packing Industries will make all kinds of “Asbestos Free” gasket sheets for Automotive, Steel, and other process units.
They focus on their customers, and well-known companies in the Petrochemical, Pharmaceutical, Power, Steel, Cement, Chemical, Gas, and Process industries use their products.
Rex Sealing IPO Details
| Rex Sealing IPO Dates | 30 December 2022 – 4 January 2023 |
| Rex Sealing IPO Price | INR 135 per share |
| Fresh issue | 3,00,000 shares (INR 4.05 crore) |
| Offer For Sale | 2,99,000 shares (INR 4.04 crore) |
| Total IPO size | 5,99,000 shares (INR 8.09 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 135,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Rex Sealing IPO Subscription – Live Updates
Rex Sealing Financial Performance
| FY 2020 | FY 2021 | FY 2022 | Q1 FY 2023 | |
| Revenue | 20.06 | 17.14 | 21.08 | 5.71 |
| Expenses | 18.64 | 16.73 | 20.47 | 5.33 |
| Net income | 1.13 | 0.37 | 0.55 | 0.38 |
Rex Sealing and Packing Industries IPO Tentative Timetable
Rex Sealing and Packing Industries IPO opens on Dec 30, 2022, and closes on Jan 4, 2023. The Rex Sealing and Packing Industries IPO bid date is from Dec 30, 2022 10.00 A.M. to Jan 4, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 30, 2022 |
| Closing Date | Jan 4, 2023 |
| Basis of Allotment | Jan 9, 2023 |
| Initiation of Refunds | Jan 10, 2023 |
| Credit of Shares to Demat | Jan 11, 2023 |
| Listing Date | Jan 12, 2023 |
Rex Sealing and Packing Industries IPO Lot Size
The Rex Sealing and Packing Industries IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹135,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹135,000 |
| Retail (Max) | 1 | 1000 | ₹135,000 |
| HNI (Min) | 2 | 2,000 | ₹270,000 |
Rex Sealing and Packing Industries IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.02% |
Rex Sealing Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 5.90 | 1.92 | 2.85 |
| PE ratio | – | – | 47.37 |
| RONW (%) | 15.46 | 4.78 | 6.63 |
| NAV | – | – | 42.93 |
| EBITDA (%) | 12.88 | 8.00 | 6.88 |
| Debt/Equity | 0.60 | 0.44 | 0.46 |
Company Contact Information
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/
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Rex Sealing IPO FAQs
Q: What does IPO stand for in Rex Sealing and Packing Industries?
The Rex Sealing and Packing Industries IPO is a small and medium-sized enterprise (SME) IPO with 599,000 equity shares with a face value of 10 each, for a total of 8.09 crores. The price of each share is 135 yen. The least you can order is 1000 Shares.
The IPO starts trading on December 30, 2022, and ends on January 4, 2023.
The IPO is being kept track of by Bigshare Services Pvt Ltd. It is planned to list the shares on BSE SME.
Q: How big is Rex Sealing’s offer?
INR 8.09 crore is the size of Rex Sealing’s offer.
Q: What is the IPO price band for Rex Sealing?
The price of each share in Rex Sealing’s public offer is INR 135.
Q: How big is a “lot” in the Rex Sealing IPO?
Rex Sealing’s offer is for 1,000 shares per lot.
Q: What is today’s Rex Sealing IPO GMP?
Rex Sealing’s IPO GMP is NA per share as of today.
Q: How much is Rex Sealing Kostak worth right now?
The current rate for Rex Sealing kostak is NA per application.
Q: What is the current price of Rex Sealing Subject to Sauda?
Today, the rate for Rex Sealing Subject to Sauda is NA per application.
