Rex Pipes and Cables Industries Ltd IPO
NSE SMEListed On: Aug 10, 2021 at ₹ 26.7
₹ 208000 /8000 Shares
*Min Investment
28 Jul, 2021
Open Date02 Aug, 2021
Close Date06 Aug, 2021
Allotment Date10 Aug, 2021
Listing DateIPO Issue Details
- Issue Price ₹26 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 2,400,000 Eq Shares of ₹10 (aggregating up to ₹6.24 Cr)
- Listing at NSE SME
- List Price 26.7
- Listing Date 2021-08-10
- Lead Manager Navigant Corporate Advisors Ltd
- Registrar KFintech Private Limited
IPO Details
- Retail Portion N/A
IPO Documents
IPO Details
Rex Pipes and Cables Industries Ltd IPO is an SME IPO, priced at ₹26 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Jul 28, 2021 to Aug 2, 2021. The allotment is expected to be finalized on Aug 6, 2021, and the tentative listing date is Aug 10, 2021.
The registrar of the IPO is KFintech Private Limited, and
IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 11,40,000 | 1,140,000 | 2,280,000 |
Day 1 28-07-21 07:00 PM | 1.37 x | 1.67 x | 1.52 x |
Day 2 29-07-21 05:00 PM | 2.15 x | 12.08 x | 7.11 x |
Day 3 30-07-21 05:00 PM | 2.59 x | 22.00 x | 12.29 x |
Day 4 02-08-21 05:00 PM | 6.84 x | 41.13 x | 23.99 x |
Valuations
Company Financials
| 31-Jan-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|
| Assets | 38.11 | 33.82 | 32.70 |
| Revenue | 44.38 | 32.06 | 37.74 |
| Profit After Tax | 1.01 | 0.77 | 1.30 |
About Company
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.
- Promoter(s)
Mr. Sharwan Kumar Kaler
Mrs . Sohani Devi
Pre Issue Share Holding : 84.65%
Post Issue Share Holding : 61.03%
IPO - Issue Objectives
To partly finance the working capital requirements.
Meet general corporate purposes.
Meet issue expenditures.
IPO - FAQs
Ans. Rex Pipes and Cables Industries Ltd IPO is a SME IPO. The issue is priced at ₹26 per equity share. The minimum order quantity is 4000 Shares. The IPO opens on Jul 28, 2021, and closes on Aug 2, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Rex Pipes and Cables Industries Ltd IPO opens on Jul 28, 2021 and closes on Aug 2, 2021.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Rex Pipes and Cables Industries Ltd IPO is 2,400,000 Eq Shares of ₹10 (aggregating up to ₹6.24 Cr).
Ans. The Rex Pipes and Cables Industries Ltd IPO price band is set between ₹26 per equity share.
Ans. To apply for Rex Pipes and Cables Industries Ltd IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Rex Pipes and Cables Industries Ltd IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Rex Pipes and Cables Industries Ltd IPO is Aug 6, 2021.
Ans. The Rex Pipes and Cables Industries Ltd IPO will be listed on Aug 10, 2021.
Ans. Follow the steps to check the Rex Pipes and Cables Industries Ltd IPO allotment status online.
