Rexpro Enterprises Limited IPO
NSE SMEListed On: Jan 29, 2025 at ₹ 117.0
₹ 145000 /1000 Shares
Check Allotment22 Jan, 2025
Open Date24 Jan, 2025
Close Date27 Jan, 2025
Allotment Date29 Jan, 2025
Listing DateIssue Price
₹145 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Cameo Corporate Services LimitedList Price
117.0Listing Date
2025-01-29Market Lot
1000 Shares (₹145,000/-)Lead Manager
Horizon Management Private LimitedIssue Size
37,00,000 shares(aggregating up to ₹53.65 Cr)Retail Portion
50%Subscription
17.72 timesRexpro Enterprises IPO Details
Rexpro Enterprises Limited IPO is an SME IPO, priced at ₹145 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 comprises a total issue of 37,00,000 equity shares, aggregating up to ₹53.65 crores..
The IPO bidding window is open from Jan 22, 2025 to Jan 24, 2025. The allotment is expected to be finalized on Jan 27, 2025, and the tentative listing date is Jan 29, 2025.
The minimum lot size for retail investors is 1000 shares, with a minimum investment of ₹1,45,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,90,000.
Horizon Management Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
Rexpro Enterprises IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 17,57,000 | 17,57,000 | 35,14,000 |
| Day 1 - 22-01-25 06:00 PM | 0.80 x | 4.89 x | 2.85 x |
| Day 2 - 23-01-25 06:00 PM | 1.76 x | 10.97 x | 6.36 x |
| Day 3 - 24-01-25 06:00 PM | 8.32 x | 27.12 x | 17.72 x |
Rexpro Enterprises Valuations
EPS Pre IPO
₹5.69/-EPS Post IPO
₹6.89/-P/E Pre IPO
25.49P/E Post IPO
21.04ROE
56.24%ROCE
62.21%Debt/Equity
0.65RoNW
56.24%PAT Margin
6.25Rexpro Enterprises Company Financials All values are in ₹ Lakh
| 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| 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 & Surplus | 5.12 | 8.96 | 4.43 |
About The Company
Rexpro Enterprises Limited, a furniture manufacturer in Vashi, Maharastra was incorporated in March 2012. The company started as a furniture and fixture business for retailers and acquired clients across multiple retail segments of fashion, lifestyle, electronics, grocery, beauty, telecom etc.
The company manufactures furniture for offices, hospitals, government offices, and the growing home segment.
Its key clients are 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 operates three manufacturing facilities in Vashi, Maharastra.
The staff strength of the company is at 65 employees permanently while a further 126 are employed on contractual basis. Nine are on its subsidiary payroll over and above 65 employees as of September 30, 2024.
Rexpro Enterprises - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 66.99%
- Minesh Anilbhai Chovatia
- Premal Niranjan Shah
- Ragesh Deepak Bhatia
- Ravishankar Sriramamurthi Malla
Rexpro Enterprises IPO - Issue Objectives
- Purchase of Equipment and Renovation of Factory
- Funding of working capital requirements of the Company.
- Pursuing Inorganic Growth
- General Corporate Expenses
Other Details
Rexpro Enterprises
Building No 2, WING A & B, Survey No -36, Hissa No 13, Waliv Village, Dhumal Nagar, Valiv, Thane, Vasai-401208Cameo Corporate Services Limited
Rexpro Enterprises IPO - FAQs
Ans. Rexpro Enterprises Limited IPO is a SME IPO. The issue is priced at ₹145 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Jan 22, 2025, and closes on Jan 24, 2025. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Rexpro Enterprises Limited IPO opens on Jan 22, 2025 and closes on Jan 24, 2025.
Ans. The size of Rexpro Enterprises Limited IPO is 37,00,000 shares(aggregating up to ₹53.65 Cr).
Ans. The IPO price band is set between ₹145 per equity share.
Ans. To apply for Rexpro Enterprises Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Rexpro Enterprises Limited 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 Rexpro Enterprises Limited IPO is Jan 27, 2025.
Ans. The Rexpro Enterprises Limited IPO will be listed on Jan 29, 2025.
Ans. Follow the steps to check the allotment status for Rexpro Enterprises Limited IPO here.
