Rexpro Enterprises IPO: Complete Details and Insights
The Rexpro Enterprises IPO is one of the most anticipated upcoming IPOs, opening on January 22, 2025, and closing on January 24, 2025. This fixed-price issue is expected to raise around ₹53.65 crores, including a fresh issue of ₹47.13 crores and an offer for sale (OFS) of 4,50,000 equity shares with a face value of ₹10 per share. Below is a detailed and plagiarism-free analysis of the IPO, along with tables and summaries.
Key Highlights of Rexpro Enterprises IPO
- IPO Open Date: January 22, 2025
- IPO Close Date: January 24, 2025
- IPO Type: Fixed Price Issue
- IPO Price Band: ₹145 per share
- Issue Size: ₹53.65 crores
- Retail Quota: 50%
- HNI Quota: 50%
- Listing Platform: NSE SME
- Face Value: ₹10 per equity share
The IPO allotment date is January 27, 2025, with listing scheduled for January 29, 2025.
Rexpro Enterprises IPO Objectives
The funds raised through the IPO will be used for the following purposes:
- Purchase of Equipment and Factory Renovation: Modernizing operations to boost efficiency.
- Working Capital Requirements: Ensuring smooth operational flow.
- Inorganic Growth Opportunities: Expanding the company’s business footprint.
- General Corporate Expenses: Catering to day-to-day financial needs.
Rexpro Enterprises IPO Financial Overview
The company has shown impressive growth over the years, with significant increases in both revenue and profitability.
| Financial Year | Revenue (₹ Cr.) | Profit After Tax (₹ Cr.) | Total Assets (₹ Cr.) |
|---|---|---|---|
| 2023 | ₹62.89 | ₹0.64 | ₹27.88 |
| 2024 | ₹83.01 | ₹4.53 | ₹39.96 |
| September 2024 | ₹49.56 | ₹3.86 | ₹50.54 |
The company’s Return on Net Worth (RoNW) and EBITDA Margin reflect its strong financial health:
| Metric | Value |
|---|---|
| ROE | 56.24% |
| ROCE | 62.21% |
| EBITDA Margin | 9.71% |
| PAT Margin | 6.25% |
| Price/Earnings (P/E) Ratio | 25.48 |
IPO Lot Details
Investors can apply for the IPO in lots, with a minimum lot size of 1,000 shares. Below are the specifics:
| Investor Type | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 1,000 | ₹1,45,000 |
| S-HNI Minimum | 2 | 2,000 | ₹2,90,000 |
Key Dates for Rexpro Enterprises IPO
| Event | Date |
|---|---|
| IPO Open Date | January 22, 2025 |
| IPO Close Date | January 24, 2025 |
| Basis of Allotment | January 27, 2025 |
| Refunds | January 28, 2025 |
| Credit to Demat Account | January 28, 2025 |
| Listing Date | January 29, 2025 |
About Rexpro Enterprises Limited
Founded in March 2012, Rexpro Enterprises Limited specializes in manufacturing furniture and fixtures for various industries. The company caters to sectors like fashion, electronics, beauty, and telecom, offering solutions like shop-in-shops, kiosks, and standalone stores.
Notable Achievements
- Infrastructure Projects: Manufacture of sound barriers installed on Mumbai flyovers.
- Metro Safety Solutions: Precision double doors for metro platforms to enhance safety.
As of September 2024, the company employs 65 permanent staff and 126 contract workers, showcasing its operational scale and capability.
Peer Comparison
| Company | EPS (₹) | P/E Ratio | RoNW (%) | Revenue (₹ Cr.) |
|---|---|---|---|---|
| Naman InStore (India) Ltd | 11.99 | 11.09 | 24.23% | 144.74 |
| Parin Enterprises Ltd | 2.77 | 137.18 | 3.92% | 81.93 |
Rexpro Enterprises IPO Registrar and Lead Managers
- Registrar: Cameo Corporate Services Limited
- Phone: +91-44-28460390
- Email: priya@cameoindia.com
- Lead Manager: Horizon Management Private Limited
Summary
Rexpro Enterprises IPO is a promising investment opportunity with strong financials and strategic growth plans. The company’s rapid revenue and profit growth, combined with its expansion into diverse sectors, makes it an attractive prospect for long-term investors.
FAQs
- What is the price band for Rexpro Enterprises IPO?
The IPO price band is set at ₹145 per share. - When will the IPO open and close?
It will open on January 22, 2025, and close on January 24, 2025. - What is the lot size for retail investors?
The minimum lot size is 1,000 shares. - Where will Rexpro Enterprises IPO be listed?
It will be listed on the NSE SME platform. - What are the key dates to remember?
- Allotment Date: January 27, 2025
- Listing Date: January 29, 2025