Rex Sealing & Packin announces launch of initial public offering
Rex Sealing & Packing Industries Ltd. has announced public offering of 599000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 125.00 per share. The gross proceeds of the issue are expected to be Rs 808.65 lakhs. The company's initial public offer (IPO) will open on 30 December 2022 and is expected to close on 04 January 2023, subject to customary closing conditions. The IPO includes a fresh Issue of 599000 Equity Shares of the Company at an price of Rs 135.00 per Equity Share.
The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000. Rex Sealing & Packing Industries Ltd. anticipates using the proceeds of the issue for . Aryaman Financial Services Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
