Rexpro Enterprises Ltd. was incorporated on March 12, 2012. The company began as a one-stop solution for furniture and fixtures, serving retail clients across segments like fashion, lifestyle, electronics, and more. It has delivered standalone stores, shop-in-shops, kiosks, and displays for global brands and major Indian retailers.
| Bidding Dates |
|---|
| 22 Jan 2025 - 24 Jan 2025 |
| Subscription |
|---|
| 16.88x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,45,000 | 1 | 1 | 1000 | 3.7 M | ₹145 | 66.98 % | ₹536.5 M | RHP DOC |
Rexpro Enterprises IPO SUBSCRIPTION STATUS
24 Jan '25Rexpro Enterprises IPO overall subscription rate was 16.88 times the total available shares
Rexpro Enterprises IPO retail subscription rate was 25.85 times in the retail segment
Rexpro Enterprises IPO non-institutional investor subscription rate was 7.91 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Jan 2025 (Day 3) | 25.85x | 7.91x | - |
23 Jan 2025 (Day 2) | 10.26x | 1.75x | - |
22 Jan 2025 (Day 1) | 4.54x | 0.75x | - |
Rexpro Enterprises FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 38.6 | 495.5 | 4.4 | 0.4 | 12.6% |
| FY24 | 45.3 | 829.9 | 2.7 | -14.1 | 9.7% |
| FY23 | 6.4 | 628.8 | 20.4 | -0.2 | 2.6% |
| FY22 | 5.2 | 356.7 | 2.1 | -1.0 | 3.7% |
Rexpro Enterprises IPO SUBSCRIPTION STATUS DETAILS
Rexpro Enterprises had 3.7 M shares on offer
Rexpro Enterprises IPO offer price was ₹145
Rexpro Enterprises IPO minimum Investment was ₹145000
Rexpro Enterprises IPO issue size was ₹ 536.5 M
Rexpro Enterprises had a minimum lot size of 1000 Shares per application
Rexpro Enterprises NUMBER OF SHARES ON OFFER
Rexpro Enterprises IPO IMPORTANT DATES
| Issue Open Date | 22 Jan 2025 |
| Issue close Date | 24 Jan 2025 |
| Allotment Date | 27 Jan 2025 |
| Refund Date | 28 Jan 2025 |
| Demat Account Credit Date | 28 Jan 2025 |
| Listing Date | 29 Jan 2025 |
| Listing on Exchange(s) | NSE |
| Rexpro Enterprises Allotment Status | Exchange |
Rexpro Enterprises IPO subscription opened on 22 Jan 2025, and closed on 24 Jan 2025
IPO allotment for Rexpro Enterprises was finalized on Monday, 27 Jan 2025
IPO listing for Rexpro Enterprises was on NSE on Wednesday, 29 Jan 2025
Rexpro Enterprises IPO LISTING GAINS
| Issue Price (adjusted) | 145.0 |
| Listing Open Price | 117.0 |
| Listing Close Price | 111.2 |
| Listing Gain% | -19.3% |
| Current Gain% | -72.8% |
Rexpro Enterprises Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rexpro Enterprises Ltd. | 39.4 | 44.2 | 21.9 | -0.3 | 0.6 | 3.2 | 2 | 76.6 | -28.6 | 2 | -74.8 | 1.8 | -74.8 |
| Sheela Foam Ltd. | 694 | 7579.3 | 35.3 | 0.1 | 1.9 | 4.9 | 3.1 | 3875.1 | 8.5 | 159.6 | 66.1 | 19.6 | 273.1 |
| Greenlam Industries Ltd. | 247.6 | 6316.2 | 68 | 0.4 | 2 | 4.8 | 1.9 | 3054.3 | 18.4 | 56.3 | -19.3 | 3.6 | 172.9 |
| Responsive Industries Ltd. | 169 | 4505.7 | 30.4 | -1.2 | 3.2 | 9.5 | 8 | 1404.2 | -1.6 | 148.4 | -25.4 | 5.6 | -25.4 |
| Wakefit Innovations Ltd. | 123.1 | 4078.4 | 21.1 | 2.6 | 16.7 | 10.8 | 1534.4 | 17.5 | 189.2 | 640.4 | 5.8 | ||
| Euro Pratik Sales Ltd. | 299 | 3055.8 | 35.5 | 1.7 | 8.2 | 24.9 | 19.4 | 343 | 17.7 | 77.1 | 0.5 | 8.4 | 20.4 |
Rexpro Enterprises INFORMATION ON IPO ISSUE
About Rexpro Enterprises
Rexpro Enterprises Ltd. was incorporated on March 12, 2012. The company began as a one-stop solution for furniture and fixtures, serving retail clients across segments like fashion, lifestyle, electronics, and more. It has delivered standalone stores, shop-in-shops, kiosks, and displays for global brands and major Indian retailers.
Object of the Issue
- Purchase of equipment and renovation of factory
- Funding of working capital requirements of the company
- Pursuing inorganic growth
- General corporate expenses
Rexpro Enterprises - PROMOTERS
| Name |
|---|
| Ragesh Deepak Bhatia |
| Premal Niranjan Shah |
| Ravishankar Sriramamurthi Malla |
| Minesh Anilbhai Chovatia |
Rexpro Enterprises Lead Manager of the Issue
Horizon Management Private Limited
smeipo@horizon.net.co
Rexpro Enterprises Registrar to the issue
Cameo Corporate Services Limited
priya@cameoindia.com
Rexpro Enterprises Strengths
Quality control
The company serves prominent retail powerhouses in India with strict quality, finishing, and timely delivery standards. Their rapid geographic expansion necessitates robust supply chain management
Versatile & multiple manufacturing facilities
The company operates three manufacturing plants in Vasai, Maharashtra, equipped with advanced machinery for producing multi-material products combining wood, metal, and plastic. It also utilizes professional printing machines to deliver finished products to customers
Diversified product range
Over the years, the company has developed a diverse product range and the capability to produce customized products at scale to meet clients' stringent demands. It has also expanded into industrial solutions, offering institutional furniture, engineering items, noise barriers, and PSD
Rexpro Enterprises Risks
Manufacturing & quality risks
The company's success relies on its ability to manufacture, market, and deliver high-quality products on time and at scale, which may introduce new challenges and risks
Dependent on third party vendors
The company relies on unorganized and third-party suppliers for raw materials without firm commitments or exclusive arrangements. Loss of suppliers could negatively impact its operations, financial performance, and business stability
Geographically concentration
A large share of the company's revenue comes from a specific region, making it vulnerable to adverse developments in that area, which could impact its business, cash flows, operations, and financial condition
IPO FAQs
This IPO consists of an offer for sale of up to Rs 6.5 crore, of 450,000 shares. It also consists of a fresh issue of Rs 47.1 crore.
The promoters of the company are Ragesh Deepak Bhatia, Premal Niranjan Shah, Ravishankar Sriramamurthi Malla and Minesh Anilbhai Chovatia.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 145.0 - 145.0.
The IPO application opens on Jan 22, 2025 and closes on Jan 24, 2025.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 145,000.0, the maximum value for this IPO is Rs 145,000.0.
This IPO will be allotted on Jan 27, 2025.
The refund will be credited to your account on Jan 28, 2025.
The allotted shares will be credited to your demat on Jan 28, 2025.
Rexpro Enterprises Ltd.’s shares listed on the stock exchanges on Jan 29, 2025.