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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 ₹26.00 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). The minimum lot size investment for 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 Date | July 28, 2021 to August 2, 2021 |
| Listing Date | August 10, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,00,000 shares (aggregating up to ₹6.24 Cr) |
| Reserved for Market Maker | 1,20,000 shares (aggregating up to ₹0.3120 Cr) |
| Net Offered to Public | 22,80,000 shares (aggregating up to ₹5.93 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 62,00,000 shares |
| Share Holding Post Issue | 86,00,000 shares |
Rex Pipes and Cables IPO offers total 24,00,000 shares. Out of which 11,40,000 (47.50%) allocated to NII, 11,40,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,20,000 (5.00%) |
| NII (HNI) Shares Offered | 11,40,000 (47.50%) |
| Retail Shares Offered | 11,40,000 (47.50%) |
| Total Shares Offered | 24,00,000 (100.00%) |
Rex Pipes IPO opens on July 28, 2021, and closes on August 2, 2021.
| IPO Open Date | Wed, Jul 28, 2021 |
| IPO Close Date | Mon, Aug 2, 2021 |
| Tentative Allotment | Thu, Aug 5, 2021 |
| Initiation of Refunds | Fri, Aug 6, 2021 |
| Credit of Shares to Demat | Mon, Aug 9, 2021 |
| Tentative Listing Date | Tue, Aug 10, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 2, 2021 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in Lacs) | ||||
|---|---|---|---|---|---|
| 31-Jan-21 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 3,811.00 | 3,382.79 | 3,270.87 | 2,704.16 | |
| Total Revenue | 4,438.80 | 3,206.87 | 3,774.94 | 3,516.41 | |
| Profit After Tax | 100.66 | 77.50 | 130.66 | 127.40 | |
The Company Rex Pipes IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To part finance the requirement of Incremental Working Capital | 4.50 |
| 2 | To meet General corporate purposes | 1.44 |
[Dilip Davda] The company has posted inconsistencies in its top and bottom lines. Super earnings in pre-IPO year raise concern. Based on its latest financial data, the issue is fully priced. Risk savvy investors may consider investment for the long term. Read detail review...
| Listing Date | August 10, 2021 |
| BSE Script Code | |
| NSE Symbol | REXPIPES |
| ISIN | INE00D001018 |
| Final Issue Price | ₹26 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹26.70 |
| Low | ₹26.50 |
| High | ₹28.00 |
| Last Trade | ₹26.80 |
Rex Pipes & Cables Industries Ltd.
F-69A,
RIICO Industrial Area
Sikar, Rajasthan, 332001
Phone: + 91 1572-245009
Email: info@rexpumps.com
Website: http://www.rexpumps.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: rexpipes.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Rex Pipes IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.24 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on July 28, 2021, and closes on August 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 July 28, 2021 and closes on August 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 Monday, August 9, 2021. Check the Rex Pipes IPO allotment status.
The Rex Pipes IPO listing date is on Tuesday, August 10, 2021.
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