The Rexpro Enterprises IPO opens for subscription on January 22, 2025, and will close on January 24, 2025. These dates are crucial for investors, as they mark the window during which subscriptions will be accepted. The allotment of shares will be finalized by January 27, 2025, after which investors will know whether they have been allotted shares in the IPO or not. Following the allotment, the IPO will list on the NSE SME (Small and Medium Enterprises) platform, with the tentative listing date being set for January 29, 2025. This marks the day the company’s shares will start trading publicly, and investors will be able to buy or sell shares on the stock exchange.
Rexpro Enterprises IPO is a fixed price issue that aims to raise a total of ₹53.65 crores from the market. This issue is a combination of two parts: a fresh issue of 32.50 lakh shares, aggregating to ₹47.13 crores, and an offer for sale (OFS) of 4.50 lakh shares, which is expected to raise ₹6.53 crores. The fresh issue will allow the company to raise capital for its business expansion, working capital needs, or debt repayment, while the OFS portion will enable the existing shareholders to exit partially or fully by selling their shares. The price per share for this IPO has been fixed at ₹145, making it an attractive proposition for potential investors.
The minimum lot size for retail investors to apply is 1,000 shares, which amounts to ₹1,45,000. This allows small investors to participate in the IPO without having to invest a large sum of money upfront. On the other hand, high-net-worth individuals (HNIs) who wish to invest in the IPO are required to apply for 2 lots, equivalent to 2,000 shares, which means an investment of ₹2,90,000.
The book running lead manager for the Rexpro Enterprises IPO is Horizon Management Private Limited, which is responsible for managing the IPO process, ensuring all necessary regulatory approvals, and advising the company throughout the listing process. The registrar for the IPO is Cameo Corporate Services Limited, which is responsible for handling the IPO’s operational functions, such as managing applications, allotments, and refunds. Additionally, the market maker for the IPO is Giriraj Stock Broking Private Limited, whose role is to ensure there is sufficient liquidity in the stock post-listing by buying and selling shares to maintain a balanced market.
This IPO represents an opportunity for both retail investors and high-net-worth individuals (HNIs) to invest in a promising company. It is important for investors to carefully consider the terms of the issue, the company’s growth prospects, and the overall market conditions before making an investment decision. With the IPO price fixed at ₹145 per share, the Rexpro Enterprises IPO provides an exciting entry point for those looking to invest in a growing company with significant potential.
For detailed information regarding the Rexpro Enterprises IPO, including the company’s financials, business model, risk factors, use of proceeds, and other important details, investors should refer to the Red Herring Prospectus (RHP). The RHP is the official document that provides comprehensive information about the IPO and is filed with the Securities and Exchange Board of India (SEBI). It contains crucial data such as the company’s management structure, historical financial performance, industry analysis, and more, which will help potential investors make informed decisions.
The Rexpro Enterprises IPO RHP typically includes:
- Company Overview: Information about Rexpro Enterprises, its business operations, products or services, and growth strategy.
- Risk Factors: Detailed analysis of risks associated with the company’s business and market conditions that could impact its financial performance.
- Financial Information: Historical financial statements, profit and loss details, and balance sheets.
- Management and Promoters: Information on the key management team, promoters, and their backgrounds.
- Use of IPO Proceeds: A breakdown of how the funds raised through the IPO will be utilized, whether for expansion, debt repayment, working capital needs, or other corporate purposes.
- Legal and Regulatory Information: Compliance with applicable regulations and disclosures required by SEBI and other regulatory bodies.
To access the RHP of Rexpro Enterprises, visit the company’s official website, the lead manager’s site, or check the SEBI filings. It is always recommended to thoroughly read the RHP before subscribing to an IPO to understand all aspects of the investment.
Rexpro Enterprises IPO Details
IPO Date | January 22, 2025 to January 24, 2025 |
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 |
Rexpro Enterprises IPO Timeline
The Rexpro Enterprises IPO is scheduled to open for subscription on January 22, 2025, and will close on January 24, 2025. During this period, investors can submit their bids for the IPO. It is crucial for interested investors to mark these dates on their calendars to ensure they don’t miss the opportunity to participate in the offering. The subscription process will be available during market hours, and bids can be placed through registered stock brokers or trading platforms.
Once the IPO subscription period concludes on January 24, 2025, the company will proceed with the allotment process, and the finalization of allotment is expected to take place on January 27, 2025. After that, the shares will be listed on the NSE SME platform, with the tentative listing date set for January 29, 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 |
Rexpro Enterprises IPO Reservation
Investor Category | Shares Offered |
---|---|
Retail Shares Offered | 50% of the Net Issue |
Other Shares Offered | 50% of the Net Issue |
Rexpro Enterprises IPO Lot Size
Investors can bid for a minimum of 1,000 shares and in multiples thereof for the Rexpro Enterprises IPO. Below is a detailed table showing the minimum and maximum investments for both retail investors and high-net-worth individuals (HNIs) 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 |
About Rexpro Enterprises Limited
Rexpro Enterprises Limited was incorporated in March 2012 and is a prominent furniture manufacturing company based in Vashi, Maharashtra. The company has built a solid reputation for offering high-quality furniture solutions across various segments, including offices, hospitals, government offices, and the rapidly expanding home segment. Rexpro Enterprises started its journey as a furniture and fixture business serving retailers and quickly expanded its client base across multiple industries such as fashion, lifestyle, electronics, grocery, beauty, and telecom.
The company’s impressive growth is attributed to its ability to diversify and cater to the unique needs of different sectors, providing tailored furniture solutions for various commercial and residential spaces. Over the years, Rexpro Enterprises has emerged as a reliable partner for leading organizations by delivering innovative, functional, and aesthetic furniture products.
Manufacturing and Operations
Rexpro Enterprises operates three state-of-the-art manufacturing units located in Vashi, Maharashtra, strategically situated to ensure optimal production capacity and timely deliveries. These units are equipped with modern technology and machinery to meet the growing demand for customized and high-quality furniture. The company’s ability to scale production and meet the evolving needs of its clients has been key to its success in the highly competitive furniture manufacturing industry.
Key Clients
The company has earned the trust of some of the most reputed names in the industry, showcasing its ability to serve large-scale, high-profile clients. Some of the prominent companies in Rexpro Enterprises’ client list include:
- Shoppers Stop Limited
- One RX India Private Limited (Samsung)
- Hindustan Unilever
- Lenskart
- Marks & Spencer Reliance India Private Limited
- Godrej & Boyce Mfg. Co. Limited
These clients span various industries, including retail, fashion, consumer goods, and electronics, reflecting Rexpro Enterprises’ versatility in catering to different market segments.
Employee Strength
As of September 30, 2024, Rexpro Enterprises has a total of 65 permanent employees, along with 126 contractual employees. Additionally, nine employees are on the payroll of its subsidiary. This mix of permanent and contractual employees ensures the company can scale operations based on project requirements while maintaining efficiency and quality standards. The company’s workforce is highly skilled, with experienced teams dedicated to production, quality control, and customer service.
Competitive Strengths
Rexpro Enterprises has several competitive strengths that contribute to its industry leadership:
- Diverse Product Range: The company offers a wide variety of furniture products, including customized solutions to meet the specific needs of clients. Its ability to adapt and produce tailored products sets it apart in the competitive furniture industry.
- Strong Quality Control: Rexpro Enterprises maintains a rigorous quality control process throughout the production stages to ensure that all products meet the highest standards. This commitment to quality is one of the key reasons the company has maintained long-term relationships with clients.
- Ethical Business Practices: The company operates with integrity, ensuring ethical business practices at all levels. This approach has helped Rexpro Enterprises build a reputation for reliability and trustworthiness among its clients and partners.
- Versatile Manufacturing Facilities: With three manufacturing units, Rexpro Enterprises has the capacity to handle diverse and large-scale orders efficiently. The company’s flexibility in production enables it to serve clients across various sectors, from retail to corporate.
- Long-term Customer Relationships: Rexpro Enterprises has fostered long-lasting relationships with key customers, thanks to its consistent delivery of high-quality products and exceptional customer service. These enduring relationships form a stable base for the company’s future growth.
- Experienced Management Team: The management team at Rexpro Enterprises brings years of industry experience and expertise, helping the company navigate challenges, innovate, and sustain growth in a competitive marketplace.
FAQs – Rexpro Enterprises IPO
What is the Rexpro Enterprises IPO?
The Rexpro Enterprises IPO is a fixed price issue aiming to raise ₹53.65 crores. The issue is a combination of a fresh issue of 32.50 lakh shares, aggregating ₹47.13 crores, and an offer for sale of 4.50 lakh shares, amounting to ₹6.53 crores. The price per share has been fixed at ₹145.
When will the Rexpro Enterprises IPO open and close for subscription?
The Rexpro Enterprises IPO will open for subscription on January 22, 2025, and will close on January 24, 2025.
What is the minimum lot size for investing in the Rexpro Enterprises IPO?
The minimum lot size for retail investors in the Rexpro Enterprises IPO is 1,000 shares, which amounts to an investment of ₹1,45,000. For high-net-worth individuals (HNIs), the minimum lot size is 2,000 shares (₹2,90,000).
What is the price per share for the Rexpro Enterprises IPO?
The price per share for the Rexpro Enterprises IPO is fixed at ₹145.
How will the funds raised from the Rexpro Enterprises IPO be used?
The funds raised through the fresh issue of 32.50 lakh shares (₹47.13 crores) in the Rexpro Enterprises IPO will likely be used for business expansion, debt repayment, and enhancing working capital. The offer for sale portion (₹6.53 crores) will not benefit the company but will provide an opportunity for existing shareholders to exit partially.
Who are the key clients of Rexpro Enterprises?
Rexpro Enterprises serves well-known clients across various industries, including Shoppers Stop Limited, One RX India Private Limited (Samsung), Hindustan Unilever, Lenskart, Marks & Spencer Reliance India Private Limited, and Godrej & Boyce Mfg. Co. Limited.
Where is Rexpro Enterprises located?
Rexpro Enterprises is based in Vashi, Maharashtra, where it operates three manufacturing units.
Who is the lead manager for the Rexpro Enterprises IPO?
Horizon Management Private Limited is the book running lead manager for the Rexpro Enterprises IPO.
Who is the registrar for the Rexpro Enterprises IPO?
The registrar for the Rexpro Enterprises IPO is Cameo Corporate Services Limited.