Rexpro Enterprises
CLOSEDIPO Date: 22 Jan - 24 Jan 2025
Listing Date: 29 Jan 2025
Price Range
₹145 – ₹145
Issue Size
54 Cr
Min Investment
₹1,45,000
Lot Size
1000 Shares
Schedule of Rexpro Enterprises
Issue open date
22 Jan 2025
Issue close date
24 Jan 2025
UPI mandate deadline
24 Jan 2025 (5 PM)
Allotment finalization
27 Jan 2025
Share credit
28 Jan 2025
Listing date
29 Jan 2025
Mandate end date
8 Feb 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 54 Cr |
| Fresh Issue | 47.13 Cr |
| Offer for Sale | 6.53 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 27 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 29 Jan 2025 | ₹145 | ₹10 | ₹155 (6.9%) |
| 28 Jan 2025 | ₹145 | ₹10 | ₹155 (6.9%) |
| 27 Jan 2025 | ₹145 | ₹10 | ₹155 (6.9%) |
| 25 Jan 2025 | ₹145 | ₹10 | ₹155 (6.9%) |
| 24 Jan 2025 | ₹145 | ₹10 | ₹155 (6.9%) |
| 23 Jan 2025 | ₹145 | ₹22 | ₹167 (15%) |
| 22 Jan 2025 | ₹145 | ₹25 | ₹170 (17.24%) |
Performance Rexpro Enterprises
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹145 – ₹145 | ₹ 116 (-23.34%) | ₹ 81.05 | -44.10% |
About Rexpro Enterprises
Incorporated in 2012, Rexpro Enterprises is a growing diversified manufacturing company that began as a one-stop solution for furniture and fixtures catering to retailers. Over time, it has served clients across various retail segments, including fashion, electronics, grocery, and telecom, creating standalone stores, kiosks, and displays for leading global brands and Indian retailers. Leveraging multi-material manufacturing capabilities, the company has diversified into commercial and institutional furniture for offices, hospitals, and government institutions, as well as the growing home segment. It has also developed industrial products like racks, cabinets, and trolleys.
| Founded in | 2012 |
| Managing director | Mr. Premal Niranjan Shah |
| Parent organization | Rexpro Enterprises Ltd |
Financial Overview
Strengths
- Diverse product range reduces risk across sectors and clients.
- Strong quality control ensures high manufacturing standards consistently.
- Multiple manufacturing facilities enable scalability and customization efficiently.
- Long-term customer relationships foster sustained growth and repeat business.
- Expertise in innovation and high-volume product customization capabilities.
- Experienced management drives strategic growth and operational efficiency.
- Localized manufacturing base supports pan-India operations effectively.
Risks
- Litigation could lead to liabilities affecting reputation and finances.
- Dependence on raw material suppliers without long-term agreements.
- Significant revenues concentrated in specific regions pose exposure risks.
- Pricing pressure from customers may reduce margins and profitability.
- Heavy reliance on directors and key managerial personnel for operations.
- Inability to utilize expanded manufacturing capacities may hinder growth.
- Natural calamities or adverse conditions may disrupt operational stability.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | 8.22 |
| Retail Individual Investors (RIIs) | 27.12 |
| Employee | N/A |
| Total | 17.67 |