What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 12 Jan 2023.

Rex Sealing and Packaging Industries Limited

ListedSME

Manufacturing · BSE

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.

Price Band

₹135

Issue Size

₹66.30 Cr

Lot Size

230 shares

GMP

—

Est. Listing

₹135

at current GMP

Subscribed

2.65x

overall

Open

30 Dec 2022

4 Jan 2023

Allotment

11 Jan 2023

Refund

12 Jan 2023

Demat Credit

13 Jan 2023

Listing

12 Jan 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Rex Sealing and Packaging Industries Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

11 Jan 2023

Basis finalization

Refunds Initiate

12 Jan 2023

Mandate release

Demat Credit

13 Jan 2023

Shares in demat

Listing Debut

12 Jan 2023

Trading begins

How to Check Rex Sealing and Packaging Industries Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select Rex Sealing and Packaging Industries Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Rex Sealing and Packaging Industries Limited Public Issue & Market Profile

Rex Sealing and Packaging Industries Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹66.3 Crores. The shares are offered at a price band of ₹135 to ₹135 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2023-01-04, the basis of allotment is scheduled to be finalized on 2023-01-11. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.