Rexpro Enterprises IPO lists at ₹117 on the NSE SME platform, a 19% discount from its issue price of ₹145. The stock quickly hit its 5% lower circuit at ₹111.15.
Rexpro Enterprises IPO Subscription Status
Rexpro Enterprises IPO sees 17.67x overall subscription, with retail investors subscribing 27.12x and non-institutional buyers 8.22x. Total bids reach 6.2 crore shares.
Rexpro Enterprises IPO GMP
Rexpro Enterprises IPO GMP peaked at ₹25 on January 23 but dropped to ₹0 on January 22. Despite this, the stock listed at ₹117, a 19% discount to its issue price of ₹145, and quickly hit the lower circuit at ₹111.15.
Details About Rexpro Enterprises IPO
Rexpro Enterprises IPO opens for subscription from January 22 to January 24, 2025, with a target to raise ₹53.65 crores. The issue consists of a fresh issue of ₹47.13 crores and an offer for sale of 4.50 lakh shares at a fixed price of ₹145 per share. The IPO allotment is expected on January 27, and the shares will be listed on the NSE SME platform on January 29, 2025.
QIB & Retail Allocation:
- Retail Quota (50%) – Half of the total issue is reserved for retail investors. The minimum investment is ₹1,45,000 for 1,000 shares.
- QIB Allocation (0%) – There is no separate allotment for Qualified Institutional Buyers (QIBs) in this IPO.
- HNI Quota (50%) – High Net-worth Individuals (HNIs) must apply for a minimum of 2,000 shares, requiring an investment of ₹2,90,000.
About Rexpro Enterprises Company
Rexpro Enterprises Limited, founded in March 2012, is a Vashi-based furniture manufacturer catering to retail, corporate, and government sectors. It serves top brands like Shoppers Stop, Samsung, and Lenskart. With three advanced units, it also produces sound barriers and metro platform doors. Strong quality control, ethical practices, and diverse manufacturing capabilities drive its growth. Backed by an experienced team, Rexpro continues expanding in the industry.
Funds Deployment of Rexpro Enterprises IPO:
- Equipment Purchase & Factory Renovation – Funds will be used to upgrade machinery and renovate the factory.
- Working Capital – A portion of the proceeds will support the company’s operational needs.
- Business Expansion – The company plans to grow through inorganic acquisitions.
- General Corporate Expenses – Remaining funds will cover corporate overheads.
Financial Resort of the Rexpro Enterprises Company
As of Sep 30, 2024, Rexpro Enterprises reports ₹50.54 Cr in assets, ₹49.56 Cr in revenue, and ₹4.08 Cr in profit. Net worth stands at ₹13.08 Cr, with ₹5.12 Cr in reserves.