Rex Sealing & Packing Industries Ltd - IPO

Rex Sealing & Packing Industries Ltd IPO Details

Initial public offer of 5,99,000 equity shares of Rs. 10 each (Equity Shares) of Rex Sealing and Packing Industries Limited (RSPIL or the Company) for cash at a price of Rs. 135 per share (the Issue Price), aggregating to Rs. 8.09 crores (The Issue), consisting of fresh issue of 3,00,000 equity shares aggregating to Rs. 4.05 crores and an offer for sale of 2,99,000 equity shares comprising of 99,000 equity shares by Naresh Nayak, 1,00,000 equity shares by Niranjan Nayak and 1,00,000 equity shares by Manjunath Nayak (The Promoter Selling Shareholders or The Selling Shareholders) aggregating to Rs. 4.04 crores (Offer for Sale) of which 33,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 5,66,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.98% and 25.50 %, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 and the issue price is 13.50 times of the face value.Minimum application siza of 1000 equity shares and in Multiples of 1000 equity shares thereafter.

Objective of issue

Funding working capital requirement. General corporate purposes.

Rex Sealing & Packing Industries Ltd Contact Details

Rex Sealing & Packing Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@rexseal.com

Website - www.rexseal.com