Rexpro Enterprises IPO subscribed overall 17.67 times on the last day, a retail quota was subscribed over 27.12 times, NII was subscribed over 8.22 times, and QIB was 00.0 respectively.
Details About Rexpro Enterprises IPO
Rexpro Enterprises got approval from SEBI for an IPO of around ₹53.65 crores, an entirely fresh issue of ₹47.13 crores, and an offer for sale up to 4,50,000 equity shares with a face value of ₹10 each. Further, it had a set price band of ₹145 per share.
In this IPO 1,000 shares were in 1 lot size for retail minimum and maximum category. Moreover, 2000 shares were in 2 lot sizes for the S-HNI category.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,45,000.
- SHNI (S-HNI): Minimum investment of ₹2,90,000.
Rexpro Enterprises IPO’s Subscription Duration
The Rexpro Enterprises IPO was opened for subscription on January 22, 2025, and closed on January 24, 2025. The Rexpro Enterprises IPO allotment date was on January 27, 2025, and they will receive a refund on January 28, 2025.
Funds Deployment of This IPO
- The company will utilize the funds to purchase equipment and Renovate the factory.
- The proceeds funds will be used to meet the working capital requirements of the Company.
- Expanding business through pursuing Inorganic Growth
- Lastly, the remaining funds raised will be utilized to pay the company’s general corporate expenses.
About Rexpro Enterprises Company
Rexpro Enterprise Limited incorporated in March 2012, is one of the leading manufacturing companies joined in the business of manufacturing furniture and fixture requirements. Retail clients of the company are Fashion, lifestyle, electronics, grocery, beauty, and telecom, they have become the one-stop solution for their clients when it comes to furniture and fixture needs. They established an incredible reputation with their multi-material manufacturing capabilities and expanded their business by manufacturing furniture for offices, hospitals, government establishments, and the home segment. Rexpro Enterprise is also known to manufacture sound barriers that will help control noise pollution, they also did in-house manufacturing of high-precision double doors for Metro platforms to avoid the occurrence of accidents providing extra safety for the individuals.
Financial Resort of the Rexpro Enterprises Company
Rexpro Enterprises Limited generated a revenue of ₹83.01 crores in 2024 compared ₹62.89 crores in 2023. In 2024, the company generated a profit of ₹4.53 crores compared to a profit of ₹0.64 crores in 2023.
