Rex Sealing and Pakaging Industries Limited IPO
(i) 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.
(ii) Our business was initiated in the Year 1963 by our founding Promoter, Mr. Manjunath Nayak under the name “M/s Rex Industries” for manufacturing of Gland Packing. further expanded by the second generation of the family, Mr. Niranjan Nayak Further, with a vision to corporatize the business and cater to the organized players in the markets, Company was incorporated in the Year 2005.
(iii) It is a customer centric company, constantly striving to create value for their customers through products offered and committed deliveries. 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 and also cater their products to domestic as well as international markets, limited to Gulf and Middle East countries.
(iv) Some of the diversified products of the company include:
(a) Compressed Fibre jointing sheets,
(b) Gland Packing and Ropes
(c) Fabric Expansion joints and
(d) Technical and heat Resistance Textiles.
(i) Focusing on multiple end user industries
(ii) Manufacturing of Quality products.
(iii) Experienced Management Team.
(iv) In house R&D for innovation and cost improvement.
Objects of the Rex Sealing and Pakaging Industries Limited IPO:
Rex Sealing and Pakaging Industries Limited IPO Details:
|Open Date:||Dec 30 2022|
|Close Date:||Jan 04 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Issue|
|Issue Size:||8.08 Cr.|
|Lot Size:||1000 Shares|
|Issue Price:||₹ 135 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Jan 12 2023|
Promoters And Management:
Financials of Rex Sealing and Pakaging Industries Limited IPO:
|Particulars (Fig. in Lakhs)||2022||2021||2020|
|Revenue From Operations||2,108||1,714||2,006|
|Cost Of Material Consumed||1,363||1,058||1,284|
|Change In Inventories||-8||16||-40|
|Employees Benefit Expenses||336||313||277|
|No. of Shares||25.2||25.2||25.2|