Rexpro Enterprises Limited IPO (Rexpro Enterprises IPO) Detail
Rexpro Enterprises IPO is a fixed price issue of Rs 53.65 crores. The issue is a combination of fresh issue of 32.50 lakh shares aggregating to Rs 47.13 crores and offer for sale of 4.50 lakh shares aggregating to Rs 6.53 crores.
Rexpro Enterprises IPO bidding started from January 22, 2025 and ended on January 24, 2025. The allotment for Rexpro Enterprises IPO was finalized on Monday, January 27, 2025. The shares got listed on NSE SME on January 29, 2025.
Rexpro Enterprises IPO price is ₹145 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,45,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,90,000.
Horizon Management Private Limited is the book-running lead manager of the Rexpro Enterprises IPO, while Cameo Corporate Services Limited is the registrar for the issue.The market maker for Rexpro Enterprises IPO is Giriraj Stock Broking Private Limited.
Refer to Rexpro Enterprises IPO RHP for detailed information.
Rexpro Enterprises IPO Details
| IPO Date | January 22, 2025 to January 24, 2025 |
| Listing Date | January 29, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹145 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 37,00,000 shares (aggregating up to ₹53.65 Cr) |
| Fresh Issue | 32,50,000 shares (aggregating up to ₹47.13 Cr) |
| Offer for Sale | 4,50,000 shares of ₹10 (aggregating up to ₹6.53 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 79,56,460 shares |
| Share Holding Post Issue | 1,12,06,460 shares |
| Market Maker Portion | 1,86,000 shares Giriraj Stock Broking Private Limited |
Rexpro Enterprises IPO Reservation
Rexpro Enterprises IPO offers 37,00,001 shares. 17,57,000 (47.49%) to NII, 17,57,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 1,86,000 (5.03%) |
| Other Shares Offered | 17,57,000 (47.49%) |
| Retail Shares Offered | 17,57,000 (47.49%) |
| Total Shares Offered | 37,00,001 (100%) |
Rexpro Enterprises IPO Timeline (Tentative Schedule)
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 January 24, 2025 |
Rexpro Enterprises IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,45,000 |
| Retail (Max) | 1 | 1000 | ₹1,45,000 |
| HNI (Min) | 2 | 2,000 | ₹2,90,000 |
| Lot Size Calculator | |||
Rexpro Enterprises IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 66.99% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Rexpro Enterprises Limited
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
- Diverse product range with the ability to produce customized products.
- Strong Quality Control and Ethical Business Practices
- Versatile and Multiple Manufacturing facilities
- Long-term relationship with Key customers
- Experienced Management Team
Company Financials
Rexpro Enterprises Limited Financial Information (Restated Consolidated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 50.54 | 39.95 | 27.87 |
| Revenue | 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 | |||
Key Performance Indicator (KPI)
The market capitalization of Rexpro Enterprises IPO is Rs 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 Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Rexpro Enterprises IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Purchase of Equipment and Renovation of Factory
- Funding of working capital requirements of the Company.
- Pursuing Inorganic Growth
- General Corporate Expenses
Rexpro Enterprises IPO Review May apply
[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…
Rexpro Enterprises IPO Subscription Status (Bidding Detail)
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.
Rexpro Enterprises IPO Prospectus
Rexpro Enterprises IPO Listing Details
| Listing Date | January 29, 2025 |
| BSE Script Code | |
| NSE Symbol | REXPRO |
| ISIN | INE113601012 |
| Final Issue Price | ₹145 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹145.00 |
| Open | ₹117.00 |
| Low | ₹111.15 |
| High | ₹120.00 |
| Last Trade | ₹111.15 |
Check IPO Performance…
Rexpro Enterprises Limited Contact Details
Rexpro Enterprises Limited
Building No 2, WING A & B
Survey No -36, Hissa No 13, Waliv Village
Dhumal Nagar, Valiv, Thane, Vasai-401208,
Phone: +91 84848 32162
Email: cs@rexpro.co
Website: https://www.rexpro.co/
Rexpro Enterprises IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
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