January 11, 2023
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Rex Sealing & Packing Industries IPO Analysis at Chanakyanipothi.com
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Rex Sealing IPO Grey Market updates
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Rex Sealing Subscription Status
# On 04 January 2022 @ 5.00 pm (closed)
NII: 283000 Shares, 2.00T
RII: 283000 Shares, 3.30T
Total: 566000 Shares 2.65T
Rex Sealing & Packing Industries: Company Details
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 etc.
The Promoters have more than two decades of experience in this industry.
The Company is an ISO 9001 & 14001 Certified company. It follows British Standard (“BS”), Deutsches Institut für Normung (DIN) – German Standard, ASTM (“American Standard”), and American Standard Soc of Mechanical Engineers (“ASME”) quality standards for its range of products.
Its diversified products include four major categories:
1. Compressed Fibre Jointing Sheets / Gaskets
2. Gland Packing & Ropes
3. Fabric Expansion Joints
4. Technical and Heat Resistance Textiles
All its products are manufactured in-house at its manufacturing facilities located in Plot No.44, MIDC- Taloja Industrial Area, Palekhurd Panvel, Raigad – 410208, which enables it to have an effective control over the manufacturing process and to ensure consistent quality of its products. The manufacturing unit is strategically located at Panvel providing it with strategic and operational advantages and has a well-equipped laboratory, modern technology and testing equipments with supporting environment and facilities, to ensure that the products conform to the pre-determined standards.
The Company is in the process of setting up an additional manufacturing facility at Anand Nagar, MIDC Ambernath, admeasuring 4000. Sq meter for expansion of business and manufacture of all types of “Asbestos Free” Gaskets sheets for Automotive, Steel and other process unit.
For more information about the company, Click www.rexseal.com
| Rex Sealing & Packing Industries IPO Details | |
| IPO opens on | 30 December 2022 |
| IPO closes on | 04 January 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 599000 Sh /Rs 8.09 Cr |
| * Fresh Issue | 599000 Shares /Rs 8.09 Cr |
| * Offer for Sale | – Shares /Rs (?)Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 135 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | BSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0 %) | – | 7.10 |
| NII (50 %) | 283000 | 3.82 |
| RII (50 %) | 283000 | 3.82 |
| Total Shares | 566000 | 7.64 |
| Retail portion will be oversubscribed by | 283 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 1000 Sh | Rs. 135000 |
| Max Retail Application | 2000 Sh | Rs. 270000 |
Promoters of the IPO
Naresh Nayak, Niranjan Nayak and Manjunath Nayak
Objects of the IPO:
The Company intends to utilize the Net Fresh Issue Proceeds for funding working capital requirements.
| Rex Sealing IPO Tentative timetable | |
| IPO opens on | 30 December 2022 |
| IPO Closes on | 04 January 2023 |
| IPO Allotment on | 9 January 2023 |
| Unblocking of ASBA | 10 January 2023 |
| Credit of Shares | 11 January 2023 |
| Listing on | 12 January 2023 |
| Registered Office of Rex Sealing | |
| A-207, 2nd Floor, Plot No.711 A, Byculla Services Industries, D K Road, Ghodapdeo, Byculla (East) Mumbai – 400027 | |
| IPO Lead Managers | |
| Aryaman Financial Services Limited | |
| Registrar to the IPO | |
| Bigshare Services Private Ltd |
| Rex Sealing IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. Cr | Rs. Cr | Rs. | % | |
| 2019-20 | 20.18 | 1.13 | 5.90 | 15.46 |
| 2020-21 | 17.26 | 0.37 | 1.92 | 4.78 |
| 2021-22 | 21.16 | 0.54 | 2.85 | 6.63 |
| Book Value of the Share on | 31.03.2022 | Rs.42.93 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 135 | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | – |
| Upper offer price/Book Value Ratio | |
| Upper offer price/BV after IPO Ratio | |
Rex Sealing IPO Peer Comparison
There is no other listed company having similar business that of this company
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