Fixed Price IPO | ₹54 Cr | Listed at NSE SME | Wed, Jan 22, 2025 - Fri, Jan 24, 2025
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 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 for investment in 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 Open
Wed, Jan 22, 2025
IPO Close
Fri, Jan 24, 2025
Issue Price
₹145 per share
Market Cap (Pre-IPO)
₹162.49 Cr
| IPO Date | 22 to 24 Jan, 2025 |
| Listed on | Wed, Jan 29, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹145 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 37,00,000 shares (agg. up to ₹54 Cr) |
| Reserved for Market Maker | 1,86,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 30,64,000 shares (agg. up to ₹44 Cr) |
| Offer for Sale | 4,50,000 shares of ₹10 (agg. up to ₹7 Cr) |
| Net Offered to Public | 35,14,000 shares (agg. up to ₹51 Cr) |
| Share Holding Pre Issue | 79,56,460 shares |
| Share Holding Post Issue | 1,12,06,460 shares |
| NSE Symbol | REXPRO |
| ISIN | INE113601012 |
Rexpro Enterprises IPO comprises a total issue size of 37,00,000 shares. The net offer to the public is 35,14,000 shares, after excluding 1,86,000 shares allotted on a firm basis. Of the Net offer 8,17,000 (23.25%) allocated to NII 26,97,000 (76.75%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,17,000 | 23.25% | 22.08% |
| Retail Shares Offered | 26,97,000 | 76.75% | 72.89% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,86,000 | 5.03% | |
| Total Shares Offered | 37,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Equipment and Renovation of Factory | 25.00 |
| 2 | Funding of working capital requirements of the Company | 10.00 |
| 3 | Pursuing Inorganic Growth | 3.52 |
| 4 | General Corporate Expenses | 5.84 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 56.24% |
| ROCE | 62.21% |
| Debt/Equity | 0.65 |
| RoNW | 56.24% |
| PAT Margin | 6.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.69 | 6.89 |
| P/E (x) | 25.49 | 21.04 |
| Promoter Holding | 100% | 66.99% |
| Market Cap | ₹162.49 Cr. |
The Rexpro Enterprises IPO is subscribed 17.67 times on January 24, 2025 6:19:58 PM (Day 3). The public issue subscribed 27.12 times in the retail category, [.] times in the QIB category, and 8.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 8.22 | 17,57,000 | 1,44,38,000 | 3,762 |
| Retail | 27.12 | 17,57,000 | 4,76,44,000 | 47,644 |
| Total | 17.67 | 35,14,001 | 6,20,82,000 | 51,406 |
Total Application : 51,406
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, underwriting fees and payment to other Intermediaries such as Legal Advisors to the IPO, Advisors to the company Registrars and other out of pocket expenses. | 1.80 |
| 2 | Marketing and Selling Commission and expenses | 0.75 |
| 3 | Advertising and marketing expenses | 0.03 |
| 4 | Printing and distribution of issue stationery | 0.02 |
| 5 | Listing fees | 0.03 |
| 6 | NSE processing fees | 0.03 |
| 7 | Other regulatory expenses | 0.08 |
| 8 | Miscellaneous | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹145.00 |
| Open | ₹117.00 |
| Low | ₹111.15 |
| High | ₹120.00 |
| Last Trade | ₹111.15 |
Lead Manager Reports
Rexpro Enterprises IPO is a SME IPO of 37,00,000 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹145 per share. The minimum order quantity is 1000.
The IPO opens on Wed, Jan 22, 2025, and closes on Fri, Jan 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 Wed, Jan 22, 2025 and closes on Fri, Jan 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 Tue, Jan 28, 2025. Check the Rexpro Enterprises IPO allotment status.
The Rexpro Enterprises IPO listing date is on Wed, Jan 29, 2025.
