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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹8.09 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹8.09 Cr |
| Fresh Issue | ₹3.60 Cr |
| Offer for Sale | ₹4.04 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹135.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543744 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Aryaman Financial Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,000 shares and in multiples thereof
Incorporated in 2005, 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.
The business was first started by Mr Manjunath Nayak under the name M/s Rex Industries for manufacturing Gland Packing.
The vast product portfolio of Rex Sealing and Packing Industries includes:
The company executes in-house manufacturing through its unit situated in MIDC- Taloja Industrial Area, Palekhurd Panvel, Raigad.
The company is also planning to set up an additional manufacturing unit in Anand Nagar, MIDC Ambernath, admeasuring 4000. Sq meter for expansion of business and manufacture. Rex Sealing and Packing Industries will manufacture all types of "Asbestos Free" Gaskets sheets for Automotive, Steel, and other process units through this extension.
They are a customer-centric company, and the products of the company are used by some well-known industrial houses in the Petrochemical, Pharmaceutical, Power, Steel, Cement, Chemical, Gas, and Process industry.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirement | 2.78 |
| 2 | General Corporate Purpose | 0.87 |
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 15.09 | 14.44 | 13.17 | 13.57 |
| Total Income | 5.72 | 21.16 | 17.26 | 20.18 |
| Profit After Tax | 0.38 | 0.55 | 0.37 | 1.13 |
| NET Worth | 8.62 | 8.24 | 7.70 | 7.33 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 3.28 | 3.78 | 3.39 | 4.37 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 48.77% |
| ROCE | 6.77% |
| Debt / Equity | 0.46% |
| RoNW | 6.63% |
| PAT Margin | 3.00% |
| EBITDA Margin | 6.88% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.85 | |
| P/E (x) | 19.62 | |
| Promoter Holding | 99.99% | 73.02% |
| Market Cap | ₹29.97 Cr. | |
