Rexpro Enterprises Limited is a furniture manufacturing company in Vashi Maharashtra. The company started as a furniture and fixture business for retailers and acquired clients across multiple retail segments such as fashion, lifestyle, electronics, grocery, beauty, telecom etc.
The company manufactures furniture for offices, hospitals, government offices, and the growing home segment.
The company’s clients include 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 has three manufacturing units in Vashi, Maharastra.
As of September 30, 2024, the total employee strength of the company is 65 employees permanently, and a further 126 are on a contractual basis. Nine employees are on the payroll of its subsidiary over and above 65 employees.
Rexpro Enterprises IPO – Details
| IPO Opening Date | 20 January 2025 |
| IPO Closing Date | 22 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 37,00,000 Shares Worth ₹53.65 Crore Fresh Issue: 32,20,000 Shares Worth ₹47.13 Crore Offer For Sale: 4,50,000 Shares Worth ₹6.53 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹145 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Rexpro Enterprises IPO – Date Schedule
| IPO Open Date | 20 January 2025 |
| IPO Close Date | 22 January 2025 |
| Basis of Allotment | 23 January 2025 |
| Initiation of Refund | 24 January 2025 |
| Credit of Shares to Demat Account | 24 January 2025 |
| IPO Listing Date | 27 January 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 22, 2025 |
Rexpro Enterprises IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,45,000 |
| Retail (Max) | 1 | 1000 | ₹1,45,000 |
| HNI (Min) | 2 | 2000 | ₹2,90,000 |
Competitive Strengths
- Diverse product range with the ability to produce customized products.
- Strong Quality Control and Ethical Business Practices.
- Versatile and Multiple Manufacturing facilities.
- Long-term relationship with Key customers.
- Experienced Management Team.
Company Promoters
- Minesh Anilbhai Chovatia
- Premal Niranjan Shah
- Ragesh Deepak Bhatia
- Ravishankar Sriramamurthi Malla
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2022 | 35.71 | 34.99 | 0.51 |
| 31 March 2023 | 62.89 | 62.04 | 0.63 |
| 31 March 2024 | 83.01 | 76.08 | 4.52 |
| 30 September 2024 | 49.56 | 44.03 | 3.86 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 56.24% |
| ROCE | 62.21% |
| Debt/Equity | 0.65 |
| RoNW | 56.24% |
| PAT Margin | 6.25 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.69 | 6.89 |
| P/E (x) | 25.49 | 21.04 |
Object Of The Issue
- Purchase of Equipment and Renovation of Factory.
- Funding of working capital requirements of the Company.
- Pursuing Inorganic Growth.
- General Corporate Expenses.
Rexpro Enterprises IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 66.99% |
Rexpro Enterprises IPO Prospectus
Company Contact Information
| 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/ |
Rexpro Enterprises IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: priya@cameoindia.com Website: https://ipo.cameoindia.com/ |
Rexpro Enterprises IPO Lead Manager(s)
| 1. Horizon Management Private Limited |
Rexpro Enterprises IPO FAQs
| What is Rexpro Enterprises IPO? Rexpro Enterprises IPO is an SME IPO. The issue is priced at ₹145 per equity share. The IPO is to be listed on NSE SME. |
| When Rexpro Enterprises IPO will open? The IPO is to open on 22 January 2025 for QIB, NII, and Retail Investors. |
| What is Rexpro Enterprises IPO Investors Portion? The investors’ portion for Retail – 50%, and NII – 50%. |
| How to Apply the Rexpro Enterprises IPO? You can apply Rexpro Enterprises IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Rexpro Enterprises IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rexpro Enterprises IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Rexpro Enterprises IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rexpro Enterprises IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Rexpro Enterprises IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rexpro Enterprises IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Rexpro Enterprises IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Rexpro Enterprises IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Rexpro Enterprises IPO Size? Rexpro Enterprises IPO size is ₹53.65 Crore. |
| What is Rexpro Enterprises IPO Price Band? Rexpro Enterprises IPO Price Band is ₹145. |
| What is Rexpro Enterprises IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1000 Shares with ₹1,45,000 amount while the maximum bid is 1000 Shares with ₹1,45,000. |
| What is the Rexpro Enterprises IPO Allotment Date? Rexpro Enterprises IPO allotment date is 23 January 2025. |
| What is the Rexpro Enterprises IPO Listing Date? Rexpro Enterprises IPO listing date is 27 January 2025. The IPO is to be listed on NSE SME. |
