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Rex Sealing and Packaging Industries Limited IPO

Rex Sealing and Packaging Industries Limited IPO

IPO Date :
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Listed Price: ₹ 137.00 (+1.48%)

Rex Sealing and Packaging Industries Limited's has transitioned to a publicly listed entity following its IPO debut on 12-01-2023 at the BSE exchange. The public offering successfully raised 1,02,00,000 Shares, consisting of 1,02,00,000 Sharesin new capital.

The IPO featured a competitive price range of ₹135 to ₹135 and minimum application size of 230 shares. Market reception was evidenced through subscription activity between 30-12-2022 and 04-01-2023, reflecting investor appetite for the offering.

Allotment of shares was completed on 11-01-2023, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

Rex Sealing IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Rex Sealing IPO Key Performance Indicator
Company Financials ( In Lakhs )

Rex Sealing IPO About Company

Incorporated in 2005, Rex Sealing and Packaging Industries Limited is engaged in the manufacturing and export of sealing, packing, and insulation products such as jointing sheets, fabric expansion joints, gland packing and ropes, high-temperature-resistant textiles, and ceramic fiber products. Originally founded by Mr. Manjunath Nayak as M/s Rex Industries for manufacturing gland packing, the company now operates a well-diversified product portfolio catering to multiple industries. Its manufacturing unit is located in MIDC Taloja Industrial Area, Raigad, and the company is expanding with a new 4,000 sq. meter facility in Anand Nagar, MIDC Ambernath, to produce asbestos-free gasket sheets for automotive, steel, and process industries. With a strong customer-centric approach, Rex Sealing and Packaging Industries serves reputed clients across petrochemical, pharmaceutical, power, steel, cement, chemical, gas, and other process sectors.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Rex Sealing IPO Strength Factors

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Rex Sealing IPO Risk Factors

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Rex Sealing IPO Lead Manager(s)

  • Aryaman Financial Services Limited

Rex Sealing IPO Promoter(s)

  1. Naresh Nayak
  2. Niranjan Nayak
  3. Manjunath Nayak

Rex Sealing IPO Company Details

Rex Sealing and Packaging Industries Limited
Phone:
address:

Rex Sealing IPO Registrar

Bigshare Services Private Limited
Name:
Phone:

Rex Sealing IPO FAQs