Rexpro Enterprises IPO Details
The key details of Rexpro Enterprises’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹53.65 Cr |
| Price Range | ₹145 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1000 |
| Investment (cut-off price) | ₹1,45,000 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | 66.99% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Rexpro Enterprises IPO Timelines
The IPO process for Rexpro Enterprises includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
22/01/2025
Start Date24/01/2025
End Date28/01/2025
Refund Initiation28/01/2025
Credit of Shares to Demat Ac29/01/2025
Listing DateRexpro Enterprises IPO Lot Size
The Rexpro Enterprises IPO has a fixed lot size of 1,000 shares, at a price band of ₹145 per share, requiring ₹145,000 per lot for retail investors. For HNI investors, the minimum application is 2,000 shares (2 lots) amounting to ₹290,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,45,000 |
| Retail Maximum | 1 | 1000 | ₹1,45,000 |
| HNI Minimum | 2 | 2000 | ₹2,90,000 |
Rexpro Enterprises IPO Subscription Status
The subscription status for Rexpro Enterprises IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 8.22x | 27.12x | -- | 17.67x |
IPO Performance on Listing Day
On the listing day (January 29, 2025), Rexpro Enterprises made a disappointing debut on the stock exchange. The stock opened at ₹117, recording a significant discount of 19.3% from its issue price of ₹145. During the trading session, despite a brief recovery to ₹120, the stock remained under pressure, declining to ₹111.15. The shares ended their first trading day at ₹111.15, posting a substantial loss of 23.3% from the issue price, indicating weak market sentiment towards this new listing.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹117.00 | ₹111.15 | ₹120.00 | ₹111.15 |
Rexpro Enterprises IPO Company Financials
Rexpro Enterprises reports robust performance in FY2024 with Total Income of ₹83.01 crores, managing expenses at ₹76.08 crores, and achieving a strong PAT (Profit After Tax) of ₹4.53 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹62.89 | ₹62.04 | ₹0.64 |
| FY 2024 | ₹83.01 | ₹76.08 | ₹4.53 |
| FY 2025 (6 M) | ₹49.56 | ₹44.04 | ₹3.86 |
About Company
Rexpro Enterprises Limited, incorporated in March 2012 and based in Vashi, Maharashtra, is a prominent furniture manufacturing company. Initially focusing on providing furniture and fixtures to retailers, the company has expanded its client base across diverse sectors including fashion, lifestyle, electronics, grocery, beauty, and telecom. Rexpro produces a wide range of furniture, catering to offices, hospitals, government offices, and the growing home segment. The company serves several high-profile clients, such as Shoppers Stop, Samsung (One RX India), Hindustan Unilever, Lenskart, Marks & Spencer Reliance India, and Godrej & Boyce Mfg. Co. Limited.
Rexpro Enterprises operates three manufacturing units in Vashi, Maharashtra, and employs a total of 65 permanent staff members, along with 126 contractual workers. Additionally, nine employees are on the payroll of its subsidiary. The company’s commitment to providing quality furniture solutions has enabled it to build a strong reputation across multiple industry sectors and sustain growth over the years.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2012 | Furniture | Premal N Shah |
Know Before Investing
Rexpro Enterprises IPO Strengths
- Rexpro Enterprises offers a wide variety of products, enhancing its market appeal and catering to different customer needs.
- The company has demonstrated consistent revenue growth, indicating a solid business model and operational efficiency.
- Rexpro has developed a reliable supply chain network, ensuring timely delivery of products and minimizing operational disruptions.
- The company emphasizes high-quality standards in its products, enhancing customer satisfaction and loyalty.
- Rexpro invests in research and development to create innovative products, keeping pace with market trends and customer demands.
- The sectors served by Rexpro are experiencing increasing demand, positioning the company for future growth opportunities.
- Collaborations with key industry players enhance the company’s market reach and operational capabilities.
Rexpro Enterprises IPO Risks
- As a newly listed entity, Rexpro Enterprises has limited historical performance data, making it difficult for investors to assess long-term viability.
- A significant portion of revenue may come from a few major clients, increasing vulnerability to contract losses or changes in client relationships.
- The industry is highly competitive, which may pressure profit margins and limit growth opportunities for the company.
- The company’s performance is closely tied to economic conditions; downturns could adversely impact client spending and revenue.
- Rexpro must adhere to various regulations; non-compliance could lead to legal penalties and operational disruptions.
- Any negative publicity or operational failures could harm the company’s reputation, leading to loss of clients and reduced business opportunities.
- Inefficiencies in operations on outdated technology could hinder the company’s ability to deliver products and services effectively.
Swot Analysis for Rexpro Enterprises IPO
Strengths
Established market presence, Diverse product offerings, Strong management team
Weaknesses
Limited brand recognition, Dependence on specific markets, Recent financial instability
Opportunities
Growing demand for furniture, Expansion into new regions, Potential for strategic partnerships
Threats
Intense competition in the furniture industry, Economic downturn impacts, Fluctuating raw material costs
Company 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: [email protected]
Website: https://www.rexpro.co/
IPO Registar Details
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
FAQs
The key objectives of Rexpro Enterprises IPO are:
- Purchase of Equipment and Renovation of Factory
- Funding of working capital requirements of the Company.
- Pursuing Inorganic Growth
- General Corporate Expenses
Horizon Management Private Limited is the book-running lead managers for the Rexpro Enterprises IPO.