Fixed Price IPO | ₹6 Cr | Listed at NSE SME | Wed, Jul 28, 2021 - Mon, Aug 2, 2021
Rex Pipes IPO is a fixed price issue of ₹6.24 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹6.24 crore.
Rex Pipes IPO bidding started from Jul 28, 2021 and ended on Aug 2, 2021. The allotment for Rex Pipes IPO was finalized on Aug 5, 2021. The shares got listed on NSE SME on Aug 10, 2021.
Rex Pipes IPO price is ₹26 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,08,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Rex Pipes IPO RHP for detailed Information.
IPO Open
Wed, Jul 28, 2021
IPO Close
Mon, Aug 2, 2021
Issue Price
₹26 per share
Market Cap (Pre-IPO)
₹22.36 Cr
| IPO Date | 28 Jul to 2 Aug, 2021 |
| Listed on | Tue, Aug 10, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 24,00,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 1,20,000 shares (agg. up to ₹0.3120 Cr) |
| Fresh Issue (Ex Market Maker) | 22,80,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 22,80,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 62,00,000 shares |
| Share Holding Post Issue | 86,00,000 shares |
| NSE Symbol | REXPIPES |
| ISIN | INE00D001018 |
Rex Pipes IPO comprises a total issue size of 24,00,000 shares. The net offer to the public is 22,80,000 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 11,40,000 (50.00%) allocated to NII 11,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,40,000 | 50.00% | 47.50% |
| Retail Shares Offered | 11,40,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,000 | 5.00% | |
| Total Shares Offered | 24,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,04,000 |
| Retail (Max) | 1 | 4,000 | ₹1,04,000 |
| HNI (Min) | 2 | 8,000 | ₹2,08,000 |
Incorporated in 2002, Rex Pipes and Cables Industries Ltd is engaged in the trading and manufacturing of PVC pipes, HDPE pipes, cables, and fittings under the "Rex" brand name. It offers a wide range of products including three core flat cables, PVC & HDPE pipes, single-core flexible home wire, HDPE and sprinklers, and cables that are used by different industries i.e. agriculture, power, construction, and engineering.
It has ultra-modern state of art manufacturing facilities in Sikar. The company further undertakes manufacturing and fabrication of bus bodies under the brand "Rex Coaches" with a total capacity of 600 buses per year. It offers distinctive types of products for the passenger transport industry i.e. city buses, school buses, intercity coaches, executive buses, commercial road container trucks, and others.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance the requirement of Incremental Working Capital | 4.50 |
| 2 | To meet General corporate purposes | 1.44 |
The Rex Pipes and Cables IPO is subscribed 23.99 times on August 2, 2021 5:36:00 PM (Day 4). The public issue subscribed 41.13 times in the retail category, [.] times in the QIB category, and 6.84 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 6.84 | 11,40,000 | 78,00,000 |
| Retail | 41.13 | 11,40,000 | 4,68,92,000 |
| Total | 23.99 | 22,80,000 | 5,46,92,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages, Payment to other intermediaries such as Legal Advisors, Registrars etc. | 0.18 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.03 |
| 3 | Advertisement & Marketing Expenses | 0.04 |
| 4 | Regulatory & other expenses | 0.30 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹26.70 |
| Low | ₹26.50 |
| High | ₹28.00 |
| Last Trade | ₹26.80 |
Lead Manager Reports
Rex Pipes IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Jul 28, 2021, and closes on Mon, Aug 2, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rex Pipes IPO using UPI as a payment gateway. Zerodha customers can apply in Rex Pipes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rex Pipes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rex Pipes IPO opens on Wed, Jul 28, 2021 and closes on Mon, Aug 2, 2021.
Rex Pipes IPO lot size is 4000, and the minimum amount required for application is ₹1,04,000.
You can apply in Rex Pipes IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rex Pipes IPO will be done on Thursday, August 5, 2021, and the allotted shares will be credited to your demat account by Mon, Aug 9, 2021. Check the Rex Pipes IPO allotment status.
The Rex Pipes IPO listing date is on Tue, Aug 10, 2021.
