Rexpro Enterprises IPO Overview
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 opens for subscription on January 22, 2025 and closes on January 24, 2025. The allotment for the Rexpro Enterprises IPO is expected to be finalized on Monday, January 27, 2025. Rexpro Enterprises IPO will list on NSE SME with tentative listing date fixed as Wednesday, 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 Important dates
Rexpro Enterprises IPO opens on January 22, 2025, and closes on January 24, 2025.
| IPO Open Date | Wednesday, January 22, 2025 |
| IPO Close Date | Friday, January 24, 2025 |
| Basis of Allotment | Monday, January 27, 2025 |
| Initiation of Refunds | Tuesday, January 28, 2025 |
| Credit of Shares to Demat | Tuesday, January 28, 2025 |
| Listing Date | Wednesday, January 29, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2025 |
Rexpro Enterprises IPO Financial Performance
| 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 | 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 | ||||||||||||||||||||||||||||||
Rexpro Enterprises IPO Key Performance Indicator
The market capitalization of Rexpro Enterprises IPO is Rs 162.49 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 24.23% |
| ROCE | 44.67% |
| Debt/Equity | 0.97 |
| RoNW | 56.24% |
| PAT Margin | 6.25 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.69 | 6.89 |
| P/E (x) | 25.49 | 21.04 |
Note:
- 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.
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 Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below 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 |
Rexpro Enterprises IPO Details
| IPO Date | January 22, 2025 to January 24, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| 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 Company Overview and Services
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
Rexpro Enterprises IPO SWOT Analysis
Strengths:
- Experienced Management Team: A seasoned leadership team with a proven track record in the industry can provide valuable guidance and drive growth.
- Strong Financial Performance: Consistent profitability and a healthy balance sheet can instill confidence in investors.
- Unique Products or Services: Offering innovative or differentiated products/services can create a competitive advantage and attract customers.
- Established Market Position: A strong brand presence and a loyal customer base can provide a solid foundation for future growth.
Weaknesses:
- Limited Product Portfolio: A narrow product or service offering can limit growth potential and make the company vulnerable to market fluctuations.
- High Competition: Intense competition from established players can erode market share and profitability.
- Dependence on Key Customers: Reliance on a few large customers can expose the company to significant risks if those relationships sour.
- Geographical Concentration: A limited geographical presence can restrict growth opportunities and increase vulnerability to regional economic downturns.
Opportunities:
- Expanding into New Markets: Exploring new geographical markets or targeting new customer segments can unlock significant growth potential.
- Product Diversification: Introducing new products or services can broaden the company’s revenue streams and reduce reliance on existing offerings.
- Technological Innovation: Embracing new technologies can improve efficiency, enhance customer experience, and create new revenue opportunities.
- Strategic Acquisitions: Acquiring complementary businesses can accelerate growth, expand market share, and enhance competitive position.
Threats:
- Economic Downturn: A slowdown in economic activity can negatively impact consumer spending and demand for the company’s products/services.
- Changing Regulatory Environment: New regulations or changes in existing regulations can increase costs and impact the company’s operations.
- Technological Disruption: Rapid technological advancements can quickly obsolete existing products or services, requiring significant investments in R&D.
- Natural Disasters and Other Unforeseen Events: Unexpected events can disrupt operations, damage infrastructure, and negatively impact the company’s financial performance.
Rexpro Enterprises IPO GMP Details
Rexpro Enterprises SME IPO last GMP is ₹0, last updated Jan 20th 2025 05:04 AM. With the price band of 145.00, Rexpro Enterprises SME IPO’s estimated listing price is ₹145 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.
We update GMP on a daily basis and based on last 5 sessions grey market activities, today IPO GMP trend, no major movement is observed in GMP, expect same trend till listing day. Stay with us to know the daily price trend of Rexpro Enterprises SME IPO GMP with expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 20-01-2025 | 145.00 | ₹0  |
— | ₹145 (0%) | 20-Jan-2025 5:04 |
| 19-01-2025 | 145.00 | ₹0 |
— | ₹145 (0%) | 19-Jan-2025 22:24 |
| 18-01-2025 | 145.00 | ₹0 |
— | ₹145 (0%) | 18-Jan-2025 22:28 |
| 17-01-2025 | 145.00 | ₹0 |
— | ₹145 (0%) | 17-Jan-2025 22:28 |
| 16-01-2025 | 145.00 | ₹0 |
— | ₹ (0%) | 16-Jan-2025 21:33 |
What is IPO GMP?
The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.
Rexpro Enterprises IPO Subscription Status
Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Rexpro Enterprises IPO Allotment status
Rexpro Enterprises IPO allotment is expected on Monday, January 27, 2025.
Rexpro Enterprises IPO allotment status is not available at this time. Rexpro Enterprises IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Rexpro Enterprises Limited IPO allotment status.
Rexpro Enterprises IPO 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/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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