Bidding will start for the Rexpro Enterprises IPO on 22nd Jan 2025 and remain open tills 24th Jan 2025. The bidding price for Rexpro Enterprises IPO will ₹145, yes it is a fixed price IPO which means you can not get a chance to select the price of bidding. The total issue size is ₹54 Cr. In which the fresh issue is ₹47.13 Cr and the offer for shale is ₹ 6.52. There is no discount for the Retailers and their Employees.
The Allotment date for Rexpro Enterprises IPO is on 27th Jan and the share and credit of share was on 28th Jan 2025. The lot size is 1000 shares, which means you have to buy a minimum of 1000 shares for the Rexpro Enterprises IPO. And also keep in mind that you have to buy shares in the multiple of 1000. The listing date for Rexpro Enterprises IPO is on 29th Jan 2025.
Rexpro Enterprises GMP
| Date | GMP | Trends | Kostak | Subject to Sauda |
|---|---|---|---|---|
| 23 Jan 2025 | ₹25 | 📉 | – | 19000 |
| 22 Jan 2025 | ₹48 | – | – | 36500 |
| 21 Jan 2025 | ₹48 | 📈 | – | 36500 |
| 20 Jan 2025 | – | – | – | – |
Rexpro Enterprises Overview
Founded in March 2012, Maharashtra-based Rexpro Enterprises manufactures furniture and electronics and sells fashion and lifestyle products. It operates on a B2B (Business-to-Business) model in various sectors. Their product portfolio includes furniture for offices and hospitals, display racks, visual units, wall racks, POS (Point-of-sale) Materials, and noise barriers. It owns three manufacturing units across Maharastra, India, and its combined area is around 1 lakh square feet. These manufacturing units used advanced and up-to-date machines for cutting, painting, bending, and assembly of furniture.
Maharastra is Rexpro Enterprises’ main revenue source, contributing around 54.82% of total revenue. It is followed by Gujrat (10.93%), Delhi (5.12%), Karnataka (3.54%), TN (2.30%), and Others (23.29%). When talking about the product-wise revenue the main source of revenue was from retail 63.78% followed by POS Materials (14.50%), and warehousing (12.78%)
The objective of Rexpro Enterprises IPO
- The main purpose is to purchase equipment for the factory and also renovate it.
- Rexpro Enterprises also uses IPO funds for working capital and pursuing inorganic growth.
- The last objective is to use funds for general corporate purposes.
Rexpro Enterprises IPO Details
| Stock Symbol | REXPRO |
| Industry | Manufacturing |
| Issue Size | ₹54Cr |
| Lot Size | 1000 |
| Price Range | ₹145 |
| Bid Start Date | 22 Jan 2025 |
| Bid End Date | 24 Jan 2025 |
| Allotment Date | 27 Jan 2025 |
| Refund and Share Credit Date | 28 Jan 2025 |
| Listing Date | 29 Jan 2025 |
| Mandate End Date | 08 Feb 2025 |
| Lock-in end Date | 27 Apr 2025 |
| Prospectus | Download |
| Address | Building No 2, WING A & B, Survey No -36, Hissa No 13, Waliv Village, Dhumal Nagar, Valiv, Thane, Vasai – 401208, Maharashtra, India. |
| Email Id | cs@rexpro.co |
| Phone No | +91 84848 32162 |
Rexpro Enterprises Valuations
All the valuations are in crores(Cr) INR for the Capital Numbers Infotech IPO valuation. If you want to see more detail on the IPO then follow my blog here.
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2023 March | 27.87 | 62.89 | 0.63 |
| 2024 March | 39.95 | 83.01 | 5.18 |
| 2024 Sep | 50.54 | 49.56 | 4.08 |