Rexpro Enterprises IPO Details: The Rexpro Enterprises IPO is scheduled to open on January 22, 2025, and will close on January 24, 2025. It is a Fixed Price Issue IPO, with the company aiming to raise approximately ₹53.65 crores. This includes a fresh issue worth ₹47.13 crores and an offer for sale of up to 4,50,000 equity shares, each with a face value of ₹10.
The IPO price has been set at ₹145 per share. The allocation quota reserves 50% for retail investors and 50% for high-net-worth individuals (HNIs), with no allotment for qualified institutional buyers (QIBs). The shares are expected to be listed on the NSE on January 29, 2025, while the allotment date is scheduled for January 27, 2025.
In terms of financial performance, Rexpro Enterprises reported revenue of ₹83.01 crores in 2024, a significant increase from ₹62.89 crores in 2023. The company’s profit also surged, reaching ₹4.53 crores in 2024 compared to ₹0.64 crores in 2023. Considering the company’s financial growth, the IPO appears to be a promising long-term investment opportunity.
Rexpro Enterprises IPO Objectives:
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Purchase of Equipment and Renovation of Factory
- Funding of working capital requirements of the Company.
- Pursuing Inorganic Growth
- General Corporate Expenses
Rexpro Enterprises IPO Review (Apply or Not)
- May Apply
Rexpro Enterprises IPO Date & Price Band Details:
| IPO Open Date: | January 22, 2025 |
| IPO Close Date: | January 24, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹145 Per Share |
| Issue Size: | Approx ₹53.65 Crores |
| Fresh Issue: | Approx ₹47.13 Crores |
| Offer for Sale: | Approx 4,50,000 Equity Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Rexpro Enterprises IPO Lot Size:
The minimum market lot for the Rexpro Enterprises IPO is 1,000 shares, requiring an application amount of ₹1,45,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹1,45,000 |
| Retail Maximum | 1 | 1000 | ₹1,45,000 |
| S-HNI Minimum | 2 | 2000 | ₹2,90,000 |
Rexpro Enterprises IPO Timeline:
The Rexpro Enterprises IPO will open on January 22 and close on January 24. The IPO allotment will be finalized on January 27, with the listing scheduled for January 29.
| IPO Open Date: | January 22, 2025 |
| IPO Close Date: | January 24, 2025 |
| Basis of Allotment: | January 27, 2025 |
| Refunds: | January 28, 2025 |
| Credit to Demat Account: | January 28, 2025 |
| IPO Listing Date: | January 29, 2025 |
Rexpro Enterprises IPO GMP Today:
The last Grey Market Premium (GMP) for the Rexpro Enterprises SME IPO is ₹0. With a price band of ₹145.00, the estimated listing price for the IPO is ₹145 (cap price plus today’s GMP). The expected percentage gain or loss per share is 0.00%.
Promoters of Rexpro Enterprises IPO
The promoters of Rexpro Enterprises IPO are Minesh Anilbhai Chovatia, Premal Niranjan Shah, Ragesh Deepak Bhatia, and Ravishankar Sriramamurthi Malla.
About Rexpro Enterprises IPO
Rexpro Enterprises Limited, established in March 2012, is a growing manufacturing company specializing in furniture and fixture solutions. The company caters to diverse retail sectors, including fashion, lifestyle, electronics, grocery, beauty, and telecom, providing tailored solutions to meet the furniture and fixture requirements of clients. In addition, Rexpro Enterprises has built standalone stores, shop-in-shops, kiosks, and displays for top global brands and major Indian retailers.
Leveraging its multi-material manufacturing capabilities, the company has expanded its product offerings to include furniture for offices, hospitals, government establishments, and the home sector. Rexpro Enterprises has also made significant strides in the infrastructure sector, manufacturing sound barriers to mitigate noise pollution, with installations on Mumbai flyovers. Moreover, the company has produced high-precision double doors for Metro platforms, enhancing safety by preventing accidents.
As of September 2024, Rexpro Enterprises employs 65 permanent staff members and 126 contract workers.
Rexpro Enterprises IPO Company Financial Report
The company reported revenue of ₹83.01 crores in 2024 against ₹62.89 crore in 2023. The company reported profit of ₹4.53 crores in 2024 against Profit of ₹0.64 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹62.89 | ₹62.04 | ₹0.64 | ₹27.88 |
| 2024 | ₹83.01 | ₹76.08 | ₹4.53 | ₹39.96 |
| September 2024 | ₹49.56 | ₹44.04 | ₹3.86 | ₹50.54 |
Rexpro Enterprises IPO Valuation – FY2024
Check Rexpro Enterprises IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 56.24% |
| ROCE: | 62.21% |
| EBITDA Margin: | 9.71% |
| PAT Margin: | 6.25% |
| Debt to equity ratio: | 0.65 |
| Earning Per Share (EPS): | ₹5.69 (Basic) |
| Price/Earning P/E Ratio: | 25.48 |
| Return on Net Worth (RoNW): | 56.24% |
| Net Asset Value (NAV): | ₹11.58 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Naman InStore (India) Limited | 11.99 | 11.09 | 24.23% | – | 144.74 Cr. |
| Parin Enterprises Limited | 2.77 | 137.18 | 3.92% | – | 81.93 Cr. |
Rexpro Enterprises IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
IPO Lead Managers aka Merchant Bankers
- Horizon Management Private Limited
Company Address
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 FAQs
What is Rexpro Enterprises IPO?
Rexpro Enterprises IPO is an SME IPO through which the company aims to raise ₹53.65 crores. The issue is priced at ₹145 per equity share and will be listed on the NSE.
When will the Rexpro Enterprises IPO open for subscription?
The IPO will open for subscription on January 22, 2025, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and retail investors. The IPO will close on January 24, 2025.
What is the Rexpro Enterprises IPO investor portion?
The investor portion for the Rexpro Enterprises IPO is allocated as follows:
- QIB: 0%
- NII: 50%
- Retail: 50%
How to apply for the Rexpro Enterprises IPO?
You can apply for the Rexpro Enterprises IPO through ASBA online via your bank account. Alternatively, you can apply via UPI through your stockbroker or by filling out an offline form through your stockbroker.
What is the Rexpro Enterprises IPO issue size?
The total issue size of the Rexpro Enterprises IPO is ₹53.65 crores.
What is the Rexpro Enterprises IPO price band?
The price band for the Rexpro Enterprises IPO is ₹145 per equity share.
What is the Rexpro Enterprises IPO lot size?
The minimum lot size for the Rexpro Enterprises IPO is 1,000 shares, with an application amount of ₹1,45,000.
What is the Rexpro Enterprises IPO allotment date?
The allotment date for the Rexpro Enterprises IPO is January 27, 2025.
What is the Rexpro Enterprises IPO listing date?
The listing date for the Rexpro Enterprises IPO is January 29, 2025. The shares will be listed on the NSE.
