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Rexpro Enterprises SME IPO Details, Financials, Valuation & Peers
By IPOBase •Last Updated on
Explore Rexpro Enterprises IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Status
Listed
Biding Dates
22 Jan - 24 Jan 2025
Price Range
₹145
Min Investment
₹1,45,000
Lot Size
1000 shares
Issue Size
₹53.65 crore
Listed Price
₹117-19.31%
Overview
Rexpro Enterprises Limited, based in Vasai, Maharashtra, is a diversified manufacturing company offering innovative solutions across multiple sectors. Originally incorporated in 2012 as Rexpro Enterprises Private Limited, the company transitioned to a public limited entity in 2024. With a focus on providing customized furniture, fixtures, and industrial solutions, Rexpro serves a wide range of industries, including retail, commercial spaces, healthcare, government institutions, and logistics. Leveraging a multi-material manufacturing capability, Rexpro has diversified into niche segments such as sound barriers for flyovers, precision platform screen doors for metro stations, and warehousing racking systems. Its robust in-house processes, from design to final product delivery, ensure high-quality standards and timely execution. The company operates on a B2B model and caters to top-tier clients like Shoppers Stop, Samsung, Hindustan Unilever, and Lenskart.
Key Points:
- Product Portfolio:
- Customized furniture and fixtures for retail, commercial, and institutional use.
- Industrial products like racks, cabinets, trolleys, and racking systems for warehousing.
- Specialized products for infrastructure, such as sound barriers and metro station platform screen doors.
- Manufacturing Excellence:
- Three state-of-the-art manufacturing facilities with a combined area of approximately 1,00,000 square feet.
- Comprehensive in-house capabilities, including metal and wood fabrication, powder coating, cutting, printing, polishing, and packaging.
- Turnkey Solutions:
- End-to-end services encompassing design, manufacturing, and installation across India.
- Infrastructure Projects:
- Sound barriers installed on flyovers in Mumbai to reduce noise pollution.
- High-precision platform screen doors for metro stations, enhancing safety and accident prevention.
Objects of the Issue
- Purchase of Equipment and Renovation of Factory
- Funding of working capital requirements of the Company
- Pursuing Inorganic Growth
- General Corporate Expenses
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 22 Jan - 24 Jan 2025 |
| IPO Price Band | ₹145 per share |
| Fresh Issue | 32,50,000 shares (₹47.13 crore) |
| Offer For Sale | 4,50,000 shares (₹6.53 crore) |
| Total IPO Size | ₹53.65 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 22 Jan 2025 |
| IPO Closing Date | 24 Jan 2025 |
| Basis Of Allotment | 27 Jan 2025 |
| Refunds | 28 Jan 2025 |
| Demat Transfer | 28 Jan 2025 |
| IPO Listing Date | 29 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 35.71 | 62.89 | 83.01 | 49.56 |
| Total Expenses | 34.36 | 61.24 | 74.93 | 43.29 |
| Net Profit/Loss | 0.52 | 0.64 | 5.18 | 4.08 |
| NPM (*) | 1.45 | 1.02 | 6.25 | 8.24 |
| Total Assets | 16.00 | 27.88 | 39.96 | 50.54 |
| Total Liabilities | 11.94 | 22.43 | 29.33 | 35.81 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 0.65 | 0.80 | 5.69 | 4.85 |
| ROE (%) | 12.73 | 13.63 | 56.24 | 31.22 |
| ROCE (%) | 23.96 | 19.89 | 62.21 | 36.66 |
| D/E Ratio | 0.81 | 0.87 | 0.65 | 0.50 |
| Current Ratio | 1.13 | 1.06 | 1.22 | 1.29 |
| EBITDA MARGIN (%) | 3.66 | 2.61 | 9.71 | 12.64 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Rexpro Enterprises Limited | 82.99 | 25.48 | 5.69 | 56.24 | 359.11 |
| Naman InStore (India) Limited | 144.74 | 11.09 | 11.99 | 24.23 | 36.28 |
| Parin Enterprises Limited | 81.93 | 137.18 | 2.77 | 3.92 | 52.00 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 8.22 |
| Retail Individual Investor (RII) | 27.12 |
| Total | 17.67 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Cameo Corporate Services Limited
Phone: +91 - 44 – 40020700
Email: investor@cameodina.com
Website: www.cameoindia.com
Company Promoters
- MINESH ANILBHAI CHOVATIA
- PREMAL NIRANJAN SHAH
- RAGESH DEEPAK BHATIA
- RAVISHANKAR SRIRAMAMURTHI MALLA
Lead Managers
- 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, Maharashtra, India.
Phone: +91 84848 32162
Email: cs@rexpro.co
Website: www.rexpro.co
FAQs
- What is the issue size of the Rexpro Enterprises SME IPO?The Rexpro Enterprises SME IPO has an issue size of ₹53.65 crore. This includes a fresh issue of 32,50,000 shares (₹47.13 crore) and an offer for sale (OFS) of 4,50,000 shares (₹6.53 crore).
- What is the price band of the Rexpro Enterprises IPO?The price band for the Rexpro Enterprises IPO is ₹145 per share.
- What are the bidding dates for the Rexpro Enterprises IPO?The Rexpro Enterprises IPO will open for bidding on 22 Jan 2025 and close on 24 Jan 2025.
- What is the allotment date for the Rexpro Enterprises IPO?The allotment date for the Rexpro Enterprises IPO is 27 Jan 2025.
- What is the minimum lot size and investment required for the Rexpro Enterprises IPO?The minimum lot size for the Rexpro Enterprises IPO is 1000 shares and the minimum investment required is ₹1,45,000.
- What is the listing date for the Rexpro Enterprises IPO?The listing date for the Rexpro Enterprises IPO is 29 Jan 2025.
- What is the Rexpro Enterprises IPO grey market premium?The grey market premium (GMP) for the Rexpro Enterprises IPO is currently at ₹10, with an expected listing gain of approximately 6.9%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.