Rexpro Enterprises Limited (NSE SME)
Jan 22, 2025 - Jan 24, 2025
| Price | ₹145 - ₹145 |
| Premium | ₹10 |
|---|---|
| Lot size | 1000 |
| Allotment | Jan 27, 2025 |
| Listing | Jan 29, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 145000 | 1757 |
| HNI | 2 | 2000 | 290000 | 1757 |
Last updated on 24-Jan-2025 18:24:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1757000 | 14642000 | 8.33 |
| RETAIL | 1757000 | 47819000 | 27.22 |
| Total | 3514000 | 62461000 | 17.77 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| NIB | 3771 |
| RETAIL | 47819 |
| Total | 51590 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| NIB | 25.48 | 212.31 | 8.33 |
| RETAIL | 25.48 | 693.38 | 27.22 |
| Total | 50.95 | 905.68 | 17.77 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.6 | @8% ₹1.9 | @9% ₹2.1 | @10% ₹2.3 | @11% ₹2.5 | @12% ₹2.8 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 1757000 |
| Other | 47.5% | 1757000 |
| Market Maker | 5.03% | 186000 |
| Total No. of Shares | 100.0% | 3700000 |
Rexpro Enterprises IPO Details
| Issue Size | 37,00,000 shares (aggregating up to ₹53.65 Cr) |
| Fresh Issue | 32,50,000 shares (aggregating up to ₹ 47.13 Cr) |
| Offer for Sale | 4,50,000 shares of ₹10 (aggregating up to ₹6.53 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 79,56,460 shares |
| Share Holding Post Issue | 1,12,06,460 shares |
| Market Maker Portion | 1,86,000 shares |
| Market Maker Portion | Giriraj Stock Market |
Key Performance Indicator
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 31.22% | 56.24% | 13.63% |
| ROCE | 36.66% | 62.21% | 19.89% |
| RONW | 31.22% | 56.24% | 13.63% |
| EPS (basic) | 4.85 | 5.69 | 0.8 |
| P/E Pre IPO | 25.49 | ||
| P/E Post IPO | 21.04 |
Company Financials In Crores
| Period Ended | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 51 | 40 | 28 |
| Revenue | 50 | 83 | 63 |
| Profit After Tax | 4 | 5 | 1 |
| Net Worth | 13 | 9 | 5 |
| Reserves and Surplus | 5 | 9 | 4 |
About Company
Incorporated in March 2012, Rexpro Enterprises Limited is a furniture manufacturing company based in Vashi, Maharashtra. Initially focused on furniture and fixtures for retailers, the company has expanded its client base across diverse retail segments, including fashion, lifestyle, electronics, grocery, beauty, and telecom. It also manufactures furniture for offices, hospitals, government establishments, and the home segment, catering to the evolving needs of various industries. With prominent clients like Shoppers Stop Limited, Samsung (One RX India Private Limited), Hindustan Unilever, Lenskart, Marks & Spencer Reliance India Private Limited, and Godrej & Boyce Mfg. Co. Limited, the company has established a strong market presence. Operating through three manufacturing units in Vashi, it employs 65 permanent staff, 126 contractual workers, and an additional nine employees on the payroll of its subsidiary, as of September 30, 2024.
Horizon Management Private Limited
Diverse and Customizable Product Range: Expertise in producing tailored furniture solutions for various sectors, including retail, offices, hospitals, and homes.
Strong Quality and Ethical Standards: Commitment to high-quality manufacturing and ethical business practices ensures client trust and satisfaction.
Versatile Manufacturing Facilities: Operates three well-equipped manufacturing units in Vashi, enabling efficient production and meeting diverse client demands.
Ongoing Litigation and Claims: Pending legal proceedings could result in adverse decisions, leading to potential liabilities, penalties, and reputational damage.
Dependence on Timely Delivery and Large-Scale Production: The company faces risks in meeting production deadlines and maintaining quality at scale, which could impact its operational success.
Supplier Dependency: Lack of firm commitments or exclusive arrangements with suppliers exposes the company to risks of supply disruptions, affecting business continuity and financial stability.
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/