Rexpro Enterprises IPO Details
SME
Rexpro Enterprises IPO opens for subscription on 22 Jan 2025 and closes on 24 Jan 2025. The IPO will be listed on NSE with the tentative listing date set for 29 Jan 2025.
Rexpro Enterprises IPO price band has been fixed at ₹145 – ₹145 per share.The face value is ₹10 per share with a lot size of 1000.
Rexpro Enterprises IPO total issue size comprises 37,00,000 shares (aggregating up to ₹53.65 Cr). This includes a fresh issue of 32,50,000 shares (aggregating up to ₹ 47.13 Cr). Offer for Sale consists of 4,50,000 shares (aggregating up to ₹6.53 Cr). Pre-issue shareholding stands at 79,56,460, which will increase to 1,12,06,460 post-issue.
Rexpro Enterprises IPO carries a ₹10 (6.9%) GMP, reflecting investor sentiment.
Rexpro Enterprises IPO Lot Size : Retail Minimum is 1 lot (1,000 shares) amounting to ₹145,000. Retail Maximum is 1 lot (1,000 shares) amounting to ₹145,000. HNI Minimum is 2 lots (2,000 shares) amounting to ₹290,000.
The Lead Managers for Rexpro Enterprises IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Horizon Management Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Giriraj Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Rexpro Enterprises Limited RHP.
Rexpro Enterprises IPO Details
Rexpro Enterprises IPO Subscription
Rexpro Enterprises IPO Application Wise Breakup
Rexpro Enterprises IPO Dates
- 22 Jan 2025Opening dateOpen
- 24 Jan 2025Closing dateClose
- 27 Jan 2025Allotment Date Allotment
- 28 Jan 2025Initiation of RefundsRefund
- 28 Jan 2025Credit of SharesCredit
- 29 Jan 2025Listing dateListing
Rexpro Enterprises IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹145,000 |
| Retail Maximum | 1 | 1000 | ₹145,000 |
| HNI Minimum | 2 | 2000 | ₹290,000 |
Rexpro Enterprises IPO Reservation
Promoter Holding
Rexpro Enterprises IPO Valuations
Rexpro Enterprises Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | |||||||||||||||||||||||||||
| Assets | 50.54 | 39.96 | 27.88 | |||||||||||||||||||||||||||
| Revenue | 49.56 | 83.01 | 62.89 | |||||||||||||||||||||||||||
| Profit After Tax | 3.86 | 4.53 | 0.64 | |||||||||||||||||||||||||||
| Net Worth | 13.08 | 9.22 | 4.69 | |||||||||||||||||||||||||||
| Reserves and Surplus | 5.12 | 8.96 | 4.43 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
About Rexpro Enterprises IPO
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
Strength Of Rexpro Enterprises IPO
1. Growing diversified products manufacturing company of furniture and fixture catering to retail such as standalone stores, shop in shops, kiosks and displays for leading global brands and several of large Indian retailers; Further, also have focused upon manufacturing products for commercial, industrial sectors etc.
2. Cater to clients' requirements across the entire country, ensuring timely deliveries and superior service.
3. Have clients across multiple retail segments such as fashion, lifestyle, electronics, grocery, beauty, telecom etc.
4. Possess advanced facilities and a talented pool of resources, enabling us to undertake diverse industrial fabrication projects.
5. Capability of customized production at mass level.
6. Complete warehousing solution to provide good growth.
7. Manufacturing capability for sound barriers used in infrastructure sector and double door used in metro station.
Risk Of Rexpro Enterprises IPO
1. Our Company and Promoter of our company are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before the court and regulatory authority. Any adverse decision may make us liable to liabilities/ penalties and may adversely affect our reputation, business, and financial status.
2. Our success depends on our ability to manufacture, market and deliver our products of high quality on schedule and on a large scale, which may expose us to new and increased challenges and risks.
3. We depend on unorganized and third parties for the supply of raw materials and do not have firm commitments for supply or exclusive arrangements with any of our suppliers. Loss of suppliers may have an adverse effect on our business, results of operations and financial condition.
4. Dependency on the State of Maharashtra for Procurement of Raw Materials.
5. Pricing pressure from our customers may adversely affect our gross margin and profitability. Inability to increase our prices may have a material adverse effect on our results of operations and financial condition.
6. Our Registered Office, factories and warehouses from where we operate are not owned by our Company. Any adverse impact on the title /ownership rights of the owner, from who's premises we operate our registered office, manufacturing units, warehouses or breach of the terms / non-renewal of the rent agreements, may cause disruption in our corporate affairs and business and impede our effective operations and thus adversely affect our profitability.
7. We have not entered into any long-term contracts with any of our customers and typically operate on the basis of purchase orders, which could adversely impact our revenues and profitability.
8. We are dependent on various kinds of Suppliers for the supply of raw materials, services and finished goods.
9. A significant portion of our revenues are derived from a specific regional area and any adverse developments in this region could have an adverse effect on our business, cash flows, results of operations and financial condition.
10. Our Company's failure to maintain the quality standards of the products could adversely impact our business, results of operations and financial condition.
Objectives Rexpro Enterprises IPO
- Purchase of Equipment and Renovation of Factory
- Funding of working capital requirements of the Company.
- Pursuing Inorganic Growth
- General Corporate Expenses
Company 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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Rexpro Enterprises IPO - FAQs
The Rexpro Enterprises IPO is a SME public issue comprising 3700000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹53.65 Cr. The issue price has been fixed at ₹145 per equity share, and the minimum application size is 1000 shares.
The IPO opens for subscription on 22 Jan 2025, and closes on 24 Jan 2025.
Cameo Corporate Services Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹10 (6.9%).