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Rexpro Enterprises IPO is a fixed price issue of ₹53.65 crores. The issue is a combination of fresh issue of 0.33 crore shares aggregating to ₹47.13 crores and offer for sale of 0.05 crore shares aggregating to ₹6.53 crores.
Rexpro Enterprises IPO bidding started from Jan 22, 2025 and ended on Jan 24, 2025. The allotment for Rexpro Enterprises IPO was finalized on Jan 27, 2025. The shares got listed on NSE SME on Jan 29, 2025.
Rexpro Enterprises IPO price is ₹145.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,45,000 (1000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,90,000.
Horizon Management Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Rexpro Enterprises IPO RHP for detailed Information.
| IPO Date | January 22, 2025 to January 24, 2025 |
| Listing Date | January 29, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹145 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 37,00,000 shares (aggregating up to ₹53.65 Cr) |
| Reserved for Market Maker | 1,86,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹2.70 Cr) |
| Fresh Issue (Ex Market Maker) | 30,64,000 shares (aggregating up to ₹44.43 Cr) |
| Offer for Sale | 4,50,000 shares of ₹10 (aggregating up to ₹6.53 Cr) |
| Net Offered to Public | 35,14,000 shares (aggregating up to ₹50.95 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 79,56,460 shares |
| Share Holding Post Issue | 1,12,06,460 shares |
Rexpro Enterprises IPO offers total 37,00,000 shares. Out of which 8,17,000 (22.08%) allocated to NII, 26,97,000 (72.89%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,86,000 (5.03%) |
| NII (HNI) Shares Offered | 8,17,000 (22.08%) |
| Retail Shares Offered | 26,97,000 (72.89%) |
| Total Shares Offered | 37,00,000 (100.00%) |
Rexpro Enterprises IPO opens on January 22, 2025, and closes on January 24, 2025.
| IPO Open Date | Wed, Jan 22, 2025 |
| IPO Close Date | Fri, Jan 24, 2025 |
| Tentative Allotment | Mon, Jan 27, 2025 |
| Initiation of Refunds | Tue, Jan 28, 2025 |
| Credit of Shares to Demat | Tue, Jan 28, 2025 |
| Tentative Listing Date | Wed, Jan 29, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 24, 2025 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,45,000 |
| Retail (Max) | 1 | 1,000 | ₹1,45,000 |
| HNI (Min) | 2 | 2,000 | ₹2,90,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in March 2012, Rexpro Enterprises Limited is a furniture manufacturing company in Vashi Maharastra. The company started as a furniture and fixture business for retailers and acquired clients across multiple retail segments such as fashion, lifestyle, electronics, grocery, beauty, telecom etc.
The company manufactures furniture for offices, hospitals, government offices, and the growing home segment.
The company's clients include Shoppers Stop Limited, One RX India Private Limited (Samsung), Hindustan Unilever, Lenskart, Marks & Spencer Reliance India Private Limited, and Godrej & Boyce Mfg. Co. Limited.
The company has three manufacturing units in Vashi, Maharastra.
As of September 30, 2024, the total employee strength of the company is 65 employees permanently, and a further 126 are on a contractual basis. Nine employees are on the payroll of its subsidiary over and above 65 employees.
Competitive Strength
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 50.54 | 39.95 | 27.87 |
| Total Income | 49.56 | 83.01 | 62.89 |
| Profit After Tax | 4.08 | 5.18 | 0.63 |
| Net Worth | 13.08 | 9.22 | 4.69 |
| Reserves and Surplus | 5.12 | 8.96 | 4.43 |
| Amount in ₹ Crore | |||
The market capitalization of Rexpro Enterprises IPO is ₹162.49 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 56.24% |
| ROCE | 62.21% |
| Debt/Equity | 0.65 |
| RoNW | 56.24% |
| PAT Margin | 6.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.69 | 6.89 |
| P/E (x) | 25.49 | 21.04 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is manufacturing and supplying diverse products for various purposes on B2B model. It has good clientele as its regular customers on a Pan India basis. The sudden boost in bottom lines from FY23 onwards raises eyebrows and concern over its sustainability. Based on recent financial performance, the issue appears fully priced with super earnings. The company is operating in a highly competitive and fragmented segment, but management is confident of sustaining the growth trends going forward. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | January 29, 2025 |
| BSE Script Code | |
| NSE Symbol | REXPRO |
| ISIN | INE113601012 |
| Final Issue Price | ₹145 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹145.00 |
| Open | ₹117.00 |
| Low | ₹111.15 |
| High | ₹120.00 |
| Last Trade | ₹111.15 |
Rexpro Enterprises Ltd.
Building No 2, WING A & B
Survey No -36, Hissa No 13, Waliv Village
Dhumal Nagar, Valiv, Vasai
Thane, Maharashtra, 401208
Phone: +91 84848 32162
Email: cs@rexpro.co
Website: https://www.rexpro.co/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Rexpro Enterprises IPO is a SME IPO of 37,00,000 equity shares of the face value of ₹10 aggregating up to ₹53.65 Crores. The issue is priced at ₹145 per share. The minimum order quantity is 1000.
The IPO opens on January 22, 2025, and closes on January 24, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rexpro Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Rexpro Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rexpro Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rexpro Enterprises IPO opens on January 22, 2025 and closes on January 24, 2025.
Rexpro Enterprises IPO lot size is 1000, and the minimum amount required for application is ₹1,45,000.
You can apply in Rexpro Enterprises 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 Rexpro Enterprises IPO will be done on Monday, January 27, 2025, and the allotted shares will be credited to your demat account by Tuesday, January 28, 2025. Check the Rexpro Enterprises IPO allotment status.
The Rexpro Enterprises IPO listing date is on Wednesday, January 29, 2025.
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