Rexpro Enterprises IPO
Open SmeCurrent GMP
₹10 (+6.90%)
Price Band
₹ 145 – 145
Lot Size
1000
Issue Size
₹53.65 Cr
Minimum Investment
₹290000 (2000 Shares)
Listing Date
29 January 2025
Subscription
17.77x
About the Company
Rexpro Enterprises Limited, established in March 2012, is a Maharashtra-based furniture manufacturer located in Vashi. Initially focused on providing fixtures and furniture to retailers in various sectors—including fashion, lifestyle, electronics, grocery, beauty, and telecom—the company has expanded its offerings to include furniture for offices, hospitals, government institutions, and residential use.
Rexpro boasts a diverse client portfolio, featuring prominent names such as 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 operates three manufacturing units in Vashi, Maharashtra. As of September 30, 2024, Rexpro employed 65 permanent staff members, 126 contract workers, and 9 payroll employees.
Promoters
Minesh Anilbhai Chovatia
Premal Niranjan Shah
Ragesh Deepak Bhatia
Ravishankar Sriramamurthi Malla
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
66.99%
Objects of the Issue
- Purchase of Equipment and Renovation of Factory
- Funding of working capital requirements of the Company.
- Pursuing Inorganic Growth
- General Corporate Expenses
Address / Contact Info
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 22 January 2025
IPO Close Date
Friday, 24 January 2025
Basis of Allotment
Monday, 27 January 2025
Initiation of Refunds
Tuesday, 28 January 2025
Credit of Shares to Demat
Tuesday, 28 January 2025
Listing Date
Wednesday, 29 January 2025 — NSE & BSE
Important Dates
Open Date
22 January 2025
Close Date
24 January 2025
Basis Of Allotment
27 January 2025
Listing Date
29 January 2025
Financial Performance (₹ in Crores)
| Particular | 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 | 4.08 | 5.18 | 0.63 |
| Net Worth | 13.08 | 9.22 | 4.69 |
| Reserve & Surplus | 5.12 | 8.96 | 4.43 |
| Total Borrowings | 0 | 0 | 0 |
EPS Pre
5.69%
EPS Post
6.89%
P/E Pre
25.49
P/E (Post Issue)
21.04x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 56.24 |
| ROCE % | 62.21 |
| Debt / Equity | 0.65 |
| RoNW % | 56.24 |
| PbW | 0 |
| Pat Margin % | 6.25 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 186000 | 5.03 | 0 |
| Non-Institutional | 1757000 | 47.49 | 0 |
| Retail Investors | 1757000 | 47.49 | 0 |
| Total | 3700001 | 100 | 0 |
Subscription Status ( Fri, 24 Jan 25 01:03 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 1757000 | 14642000 | 8.33x |
| Retail Investors | 1757000 | 47819000 | 27.22x |
| Total | 3514000 | 62461000 | 17.77x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 145,000.00 |
| Retail (Max) | 1 | 1,000 | 145,000.00 |
| S-HNI (Min) | 2 | 2,000 | 290,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Rexpro Enterprises IPO is a Fixed price IPO worth ₹53.65 crores. The price band is ₹145 to 145 per share. The IPO opens on Wed, Jan 22, 2025 and closes on Fri, Jan 24, 2025. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Rexpro Enterprises IPO opens on Wed, Jan 22, 2025 and closes on Fri, Jan 24, 2025
Rexpro Enterprises IPO Price Band is ₹145 to 145.
Rexpro Enterprises IPO lot size is 1000, and the minimum amount required for application is ₹290000.
The minimum investment for Rexpro Enterprises IPO is approximately ₹290000 based on the upper price band.
To apply for the Rexpro Enterprises IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jan 24, 2025. After submission, funds are blocked until the basis of allotment of Rexpro Enterprises IPO is finalised.
Rexpro Enterprises IPO issue size is ₹53.65 crores.
Rexpro Enterprises IPO allotment date is Sat, Jun 27, 2026.
The registrar for Rexpro Enterprises IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Rexpro Enterprises IPO through their official website or helpline.
The Rexpro Enterprises IPO GMP (Grey Market Premium) is ₹10 as of Wed, Jan 29, 2025. Based on the upper price band of ₹145 per share, the estimated Rexpro Enterprises IPO listing price is ₹155, indicating a potential listing gain of approximately 31% over the issue price.