Rexpro Enterprises Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Rexpro Enter.

CMP

58.00

+0.90 (1.58%)

  • DRHP
₹145

Offer Price

₹ 53.65 Cr

Issue Size

₹ 1,45,000

Min Investment

1,000

Lot size

Time Line

  • 22
    Jan 2025
    Open
  • 24
    Jan 2025
    Close
  • 27
    Jan 2025
    Finalisation of Basis of Allotment
  • 28
    Jan 2025
    Initiation of Refunds
  • 28
    Jan 2025
    Transfer of Shares to Demat Account
  • 29
    Jan 2025
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Research and Development.

  • Expand our operations in the domestic market.

  • Usage of Robotics in our manufacturing process to have better finishing in our products.

  • Use of Automation in processes.

  • Collaboration with eligible and strong partners for B2G business.

Products & Services

  • The Company is a growing diversified product manufacturing company. It Started as a one stop solution to meet the furniture and fixture requirements for retailers.

Strengths

  • Growing diversified products manufacturing company of furniture and fixture catering to retail such as standalone stores, shop in shops, kiosks and displays for leading global brands and several of large Indian retailers; Further, also have focused upon manufacturing products for commercial, industrial sectors etc.

  • Cater to clients` requirements across the entire country, ensuring timely deliveries and superior service.

  • Have clients across multiple retail segments such as fashion, lifestyle, electronics, grocery, beauty, telecom etc.

  • Possess advanced facilities and a talented pool of resources, enabling us to undertake diverse industrial fabrication projects.

  • Capability of customized production at mass level.

Risks

  • The Company and Promoter of the company are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before the court and regulatory authority. Any adverse decision may make it liable to liabilities/ penalties and may adversely affect its reputation, business, and financial status.

  • The company success depends on its ability to manufacture, market and deliver the company products of high quality on schedule and on a large scale, which may expose it to new and increased challenges and risks.

  • The company depends on unorganized and third parties for the supply of raw materials and does not have firm commitments for supply or exclusive arrangements with any of its suppliers. Loss of suppliers may have an adverse effect on the company business, results of operations and financial condition.

  • Dependency on the State of Maharashtra for Procurement of Raw Materials.

  • Pricing pressure from its customers may adversely affect the company gross margin and profitability. Inability to increase its prices may have a material adverse effect on the company results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
33.02%
Pre Holding

100.00%

Post Holding

66.98%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2024
Revenue 62.88 (-) 82.99 (32.00%)
Gross Profit 1.37 (-) 7.69 (461.30%)
Net Income 0.64 (-) 4.53 (607.80%)
Assets 9.80 (-) 17.14 (74.90%)
Liabilities 5.11 (-) 7.92 (55.00%)

Book Running Managers

  • Horizon Management Pvt Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone 1: 91-44-28462700 Phone 2: 044 - 28460390 Fax: 91-44-28460129

Company Contact Information

Bld #.2 Wing A&B Svy.#.36 Hisa,
#.13 Waliv(V) Dhu.Nagar Valiv,
Thane - 401208
Phone : +91 84848 32162 Email : cs@rexpro.co www.rexpro.co

Offer Related Information

Initial public issue of up to 37,00,000 equity shares of face value of Rs. 10/- each of Rexpro Enterprises Limited for cash at a price of Rs. 145/- per equity share (Including a Premium of Rs. 135/- per Equity Share) ("Offer Price") aggregating up to Rs. 53.65 crores comprising of fresh offer of up to 32,50,000 equity shares aggregating to Rs. 47.12 crores ("Fresh Offer") and an offer for sale of up to 1,12,500 equity shares each by Minesh Anilbhai Chovatia, Premal Niranjan Shah, Ragesh... More

Rexpro Enter. FAQ's

The shares of Rexpro Enter. were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Rexpro Enter. IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Rexpro Enter. public issue was 125 shares.

The price band of the IPO of Rexpro Enter. was Rs. 114 to Rs. 120 per equity share.

Rexpro Enter. IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Rexpro Enter. IPO.

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