IPO

Rexpro Enterprises Limited IPO

NSE SME

Listed On: Jan 29, 2025 at ₹ 117.0

₹ 290000 /2000 Shares
*Min Investment

Check Allotment

22 Jan, 2025

Open Date

24 Jan, 2025

Close Date

27 Jan, 2025

Allotment Date

29 Jan, 2025

Listing Date
Rexpro Enterprises IPO Issue Details
  • Issue Price ₹145 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 37,00,000 shares(aggregating up to ₹53.65 crore)
  • Fresh Share 32,50,000 shares(aggregating up to ₹47.13 crore)
  • Offer For Sale 4,50,000 shares(aggregating up to ₹6.53 crore)
  • Listing at NSE SME
  • List Price 117.0
  • Listing Date 2025-01-29
  • Lead Manager Horizon Management Private Limited
  • Registrar Cameo Corporate Services Limited
Market 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.

ApplicationLotsSharesAmount
Retail (min)11000₹1,45,000
Retail(max)11000₹1,45,000
NII (min) 22000₹2,90,000
Rexpro Enterprises IPO Reservation

Rexpro Enterprises IPO offers total 37,00,001 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,17,57,000 (47.49%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered1,86,000 (5.03%)
Retail Shares Offered17,57,000 (47.49%)
Total Shares Offered37,00,001 (100%)
Rexpro Enterprises IPO Documents
DRHP
RHP
Rexpro 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.

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Rexpro Enterprises IPO Subscription Analysis And Details
Retail
27.12x
Total
17.72x
As onQIB / NIIRetailTotal
Shares Offered / Reserved17,57,00017,57,00035,14,000
Day 1 22-01-25 06:00 PM
0.80 x4.89 x2.85 x
Day 2 23-01-25 06:00 PM
1.76 x10.97 x6.36 x
Day 3 24-01-25 06:00 PM
8.32 x27.12 x17.72 x
Total No of Applications
51,406
Rexpro Enterprises Valuations
EPS Pre IPO ₹5.69/-
EPS Post IPO ₹6.89/-
P/E Pre IPO 25.49
P/E Post IPO 21.04
ROE 56.24%
ROCE 62.21%
Debt/Equity 0.65
RoNW 56.24%
PAT Margin 6.25
Rexpro Enterprises Company Financials
In Lakhs
In Lakh
30-Sep-2431-Mar-2431-Mar-23
Assets50.5439.9627.88
Revenue49.5683.0162.89
Profit After Tax3.864.530.64
Net Worth13.089.224.69
Reserves & Surplus5.128.964.43
About Rexpro Enterprises 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.

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Rexpro Enterprises - Promoter(s)

Minesh Anilbhai Chovatia

Premal Niranjan Shah

Ragesh Deepak Bhatia

Ravishankar Sriramamurthi Malla

Pre Issue Share Holding : 100%

Post Issue Share Holding : 66.99%

Rexpro Enterprises IPO - Issue Objectives
1

Purchase of Equipment and Renovation of Factory

2

Funding of working capital requirements of the Company.

3

Pursuing Inorganic Growth

4

General Corporate Expenses

Rexpro Enterprises IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Rexpro Enterprises Limited5.695.69N/A25.4856.24N/ARestated
Naman In-store (india) Limited11.9911.99N/A11.0924.23N/AAudited
Parin Furniture Limited2.772.77N/A137.183.92N/AAudited

Notes:

  1. EPS is taken from audited financial statement.
  2. The P/E Ratio has been computed based on the closing market price of equity shares on NSE on January 13, 2025, divided by the basic EPS as of March 31, 2024.
  3. Return on Net Worth (%) = Profit for the year ended March 31, 2024, divided by Total Equity of the Company as of March 31, 2024.
  4. NAV is computed as the Company's Total Equity as of March 31, 2024, divided by the outstanding number of equity shares as of March 31, 2024.
Contact Details

Rexpro Enterprises

Building No 2, WING A & B, Survey No -36, Hissa No 13, Waliv Village, Dhumal Nagar, Valiv, Thane, Vasai-401208

+91 84848 32162

cs@rexpro.co

https://www.rexpro.co/

Registrar Contact Details

Cameo Corporate Services Limited

+91-44-28460390

priya@cameoindia.com

https://ipo.cameoindia.com/