Rex Sealing and Packing Industries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 21, 2023Let’s have a detailed review of the company and analytics of the Rex Sealing and Packing Industries IPO release date, IPO offer price, subscription, Rex Sealing and Packing Industries Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs.135 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 1000 Shares |
| Listing Date | Jan 12, 2023 |
| Offer for Sale | Rs 403.65 Lakh |
| Fresh Issue | Rs 405.00 Lakh |
| IPO Size | Rs 808.65 Lakh |
| Tick Size | 1 |
Rex Sealing and Packing Industries IPO is listed at a BSE, NSE premium. Check out the live share price by clicking on the below link.
Rex Sealing and Packing Industries IPO – Summary
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.
Their business was initiated in the Year 1963 by their founding Promoter, Mr. Manjunath Nayak under the name “M/s Rex Industries” for manufacturing of Gland Packing. Initially, they started as a manufacturing business at a very small scale. Thereon, in the Year 1997, the business was further expanded by the second generation of the family, Mr. Niranjan Nayak and later joined by Mr. Naresh Nayak in the Year 2001.
The Promoter of this company is Naresh Nayak, Niranjan Nayak And Manjunath Nayak. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Rex Sealing and Packing Industries IPO Date
The opening and closing dates of Rex Sealing and Packing Industries IPO are Dec 30, 2022, and Jan 4, 2023.
Rex Sealing and Packing Industries IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 30th Dec | 0.79x | 0.46x | 0.63x | |
| 2nd Day – 2nd Jan | 1.61x | 1.57x | 1.59x | |
| 3rd Day – 3rd Jan | 1.62x | 2.18x | 1.90x | |
| 4th Day – 4th Jan | 2.00x | 3.30x | 2.65x | |
| Shares Offered or Net Issue | 283,000 | 283,000 | 566,000 |
The shares subscribed by the public will be updated here.
Rex Sealing and Packing Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Rex Sealing Industries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jan 9, 2023 |
| Refunds Initiation | Jan 10, 2023 |
| Credit of Shares to Demat Account | Jan 11, 2023 |
| Share Listing Date | Jan 12, 2023 |
Rex Sealing and Packing Industries IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.135
Rex Sealing and Packing Industries IPO Equity Size
This Initial Public Issue of 5,99,000 shares Equity Shares of Rs.10 each for cash at a price of Rs.135 per equity share aggregating to Rs.808.65 Lakh.
Rex Sealing and Packing Industries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,00,000 Equity Shares of Rs.10/ each.
Issue Size: 5,99,000 Equity Shares of Rs.10 each, aggregating to Rs.808.65 Lakh
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Rex Sealing Industries IPO – Live Performance
The listing date of this IPO is Jan 12, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Rex Sealing and Packing Industries Share Price |
Rex Sealing and Packing Industries IPO Grey Market Premium
The Rex Sealing and Packing Industries Limited IPO Grey Market Premium price is Rs Disc, the Kostak rate is Rs NA and the Subject to Sauda is Rs NA.
Rex Sealing and Packing Industries IPO – Company Overview
The war in Ukraine has triggered a costly humanitarian crisis that demands a peaceful resolution. Economic damage from the conflict will contribute to a significant slowdown in global growth in 2022.
A severe double-digit drop in GDP for Ukraine and a large contraction in Russia are more than likely, along with worldwide spillovers through commodity markets, trade, and financial channels.
Even as the war reduces growth, it will add to inflation. Fuel and food prices have increased rapidly, with vulnerable populations—particularly in low-income countries—most affected. Elevated inflation will complicate the trade-offs central banks face between containing price pressures and safeguarding growth.
Rex Sealing Industries IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 1,508.67 | 1,443.75 | 1,317.08 | 1,357.01 |
| *Total Revenue | 571.62 | 2,115.68 | 1,726.30 | 2,017.70 |
| Total Expense | 533.47 | 2,047.48 | 1,673.22 | 1,863.68 |
| Profit After Tax | 37.60 | 54.62 | 36.81 | 113.32 |
Earnings per Equity Share (in Lakh)
| 30-Jun-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 1.96 | 2.85 | 1.92 | 5.90 |
Further, their PAT for the period ended on June 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 37.60 Lakh, Rs. 54.62 Lakh, Rs. 36.81 Lakh and Rs. 113.32 Lakh respectively.
Rex Sealing and Packing Industries IPO – Promoters
The Promoter of this company is:
- Naresh Nayak
- Niranjan Nayak
- Manjunath Nayak
List of Related Parties (Key Managerial Personnel)
- Naresh Nayak,Managing Director
- Niranjan Nayak, Whole Time Director and Chief Financial Officer
- Manjunath Nayak,Whole Time Director
- Meeta Nayak,Non–Executive Director
- Mayuri Bipinbhai Rupareliya, Non-Executive Independent Director
- Priyanka Moondra Rathi, Non-Executive Independent Director
Rex Sealing Industries IPO – Promoters Holding
- Pre-Issue Share Holding – 99.99%
- Post Issue Share Holding -73.02%
Rex Sealing Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 5,99,000 Equity Shares aggregating up to Rs.808.65 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 33,000 Equity Shares aggregating up to Rs.44.55 Lakh |
| Net Issue to the Public | Up to 2,83,000 Equity Shares aggregating up to Rs.2.00 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 19,20,000 Equity Shares |
| Equity Shares outstanding after the Issue | 22,20,000 Equity Shares |
Rex Sealing and Packing Industries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding Working Capital Requirement
- General Corporate Purpose
Rex Sealing and Packing Industries IPO – Business Strategy
- Continuing innovation, Expansion, technology upgrades and cost improvements
- Working Capital Augment
- Maintain their focus to strengthen customer relationship
- Continue to recruit, retain and train qualified personnel
- Further, invest in Research and Development driving sustainable growth
- Building – up as a Professional Organization
Rex Sealing Industries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Focusing on multiple end-user industries
- Quality Product
- Experienced Management Team
- Long Term relationship with clients and repeat business
- In-house R&D for innovation and cost improvements
- Presence in International markets
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 2.85 | 6.63 | 42.93 |
| 31-Mar-21 | 1.92 | 4.78 | 44.89 |
| Mar-20 | 5.90 | 15.46 | 57.07 |
Rex Sealing and Packing Industries IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakh) | |
| Rex Sealing and Packing Industries Limited | 10 | [●] | 2.85 | 6.63 | 2,115.68 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Rex Sealing and Packing Industries IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg Fort, Mumbai – 400 001 Tel No.: +91 22 6216 6999 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Vatsal Ganatra/Varsha Gandhi SEBI Registration No. INM000011344 |
Rex Sealing Industries IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 Tel. No.: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Aniket Chindarkar SEBI Registration No.: INR000001385 |
Rex Sealing Industries IPO – Other Details
- Statutory Auditor – B. B. Gusani and Associates, Chartered Accountants
- Legal Counsel to the Company – M/S. ABDUS SAMEE ABDUL QADIR MANIYAR
- Bankers to the Company – STATE BANK OF INDIA
Rex Sealing Industries IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Rex Sealing Industries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Rex Sealing and Packing Industries IPO Review FAQs
Check out various FAQs related to Rex Sealing and Packing Industries IPO:
What is the Issue Size of Rex Sealing and Packing Industries IPO?
The Company is making an initial public offer of 599,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Rex Sealing and Packing Industries IPO?
The price band for this particular IPO ranges between 135. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Rex Sealing and Packing Industries IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 30, 2022, while the closing date is set for Jan 4, 2023.
What is the Rex Sealing and Packing Industries IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Jan 9, 2023, refund initiation is on Jan 10, 2023, credit of shares is on Jan 11, 2023, and share listing date is on Jan 12, 2023.
What is the Rex Sealing Industries IPO Listing Date?
Shares of this company shall be listed in the exchanges on Jan 12, 2023. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Rex Sealing and Packing Industries IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Rex Sealing and Packing Industries IPO?
Here are the promoters of this IPO – Naresh Nayak, Niranjan Nayak And Manjunath Nayak. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Rex Sealing Industries IPO?
They have obtained the GMP of this IPO and it is Rs.Disc. Further insights into the Kostak rate is Rs. NA and subject to sauda or SS are RS.NA as well included in this report.
Is Rex Sealing and Packing Industries IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Rex Sealing Industries Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 54.62, 2021 is 36.81, and 2020 is 113.32. PAT from Jun 2022 is 37.6.
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