Rex Sealing and Packaging Industries Limited

Company Profile
Company Name Rex Sealing and Packaging Industries Limited
Open Date 30-12-2022
Close Date 04-01-2023
Exchange BSE SME
Lot Size 1000 Shares
Issue Price ₹ 135 per share
Issue Size 5,99,000 Equity Shares
Application Amount ₹ 1,35,000
Recommendation Apply
Company was started in the year 1963 as a manufacturer of Gland Packing by Mr. Manjunath Nayak under the name “M/s Rex Industries”. In the year 1997, the business was further expanded by the 2nd generation of the family, Mr. Niranjan Nayak and later in the year 2001, Mr. Naresh Nayak joined the business too. Further in the year 2005, the company was incorporated as a private limited company. 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 Product etc.
(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended Jun-22 Mar-22 Mar-21
Total Assets 1,508.67 1,443.75 1,317.08
Net Assets 861.90 824.30 769.67
Total Borrowings 328.22 377.71 338.95
Total Revenue 571.63 2,115.68 1,726.30
Profit After Tax 37.60 54.62 36.81

Tentative Timeline

Opening Date 30-12-2022
Closing Date 04-01-2023
Basis of Allotment 09-01-2023
Initiation of Refunds 10-01-2023
Credit of Shares to Demat 11-01-2023
Listing Date 12-01-2023

Objects of the Issue

Funding Working Capital Requirement
General Corporate Purpose

Contact Information

Registered Office Rex Sealing and Packing Industries Limited A-207, 2nd Floor, Plot No.711 A Byculla Services Industries, D K Road, Ghodapdeo, Byculla (East) Mumbai - 400027
Phone +91-22-40021599

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 33,000 (5.51%)
Other Shares Offered 2,83,000 (47.25%)
Retail Shares Offered 2,83,000 (47.25%)
Total Shares Offered 5,99,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 99.99%
Post Issue Share Holding (Promoters) 73.02%

Contact Us to Enable Your Success!