Allotment

Rexpro Enterprises launched a fixed price IPO of ₹53.65 crore, comprising a fresh issue of 0.33 crore shares aggregating to ₹47.13 crore and an offer for sale of 0.05 crore shares amounting to ₹6.53 crore. The proceeds from the fresh issue will be utilized by the company, while the offer for sale proceeds will go to the selling shareholders.
Issue Details
The IPO price is fixed at ₹145 per share. The lot size for an application is 1,000 shares, and investors can apply in multiples of 1,000 shares. Retail investors are required to make a minimum investment of ₹1,45,000, while High Net Worth Individuals (HNIs) must invest in 2 lots (2,000 shares) totaling ₹2,90,000.
Timeline
The IPO opened on January 22, 2025, and closed on January 24, 2025. The allotment was finalized on January 27, 2025, and the shares were subsequently listed on NSE SME on January 29, 2025.
Key Participants
Horizon Management Pvt. Ltd. acted as the Book Running Lead Manager, Cameo Corporate Services Ltd. served as the Registrar of the Issue, and Giriraj Stock Broking Pvt. Ltd. is the Market Maker, ensuring post-listing liquidity.
₹1450%
Open
HIgh - Low
Previous Close
Total Traded Value
52 Weeks High
52 Weeks Low
Updates On
IPO. Open
IPO. Close
IPO. Price
IPO Market price
| IPO Date | 29 Jan |
| IPO Listing Date | 29 Jan |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹145.00 |
| IPO Issue Size | 37,00,000 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Fixed Price IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 79,56,460 shares |
| IPO Open Date | 22 Jan |
| IPO Close Date | 24 Jan |
| IPO Allotment (Tentative) | 27 Jan |
| Refunds | 28 Jan |
| Credit to Demat Account | 28 Jan |
| IPO Listing Date | 29 Jan |
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | 8,17,000 (22.08%) Shares |
| Retail Shares Offered | 26,97,000 Shares |
Investors may bid starting from 1,000 shares and in multiples of 1,000 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,45,000 |
| Retail (Max) | 1 | 1,000 | ₹1,45,000 |
| S-HNI (Min) | 2 | 2,000 | ₹2,90,000 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in March 2012, Rexpro Enterprises Limited is a furniture manufacturing company based in Vashi, Maharashtra. Initially focused on furniture and fixtures for retailers, the company has expanded its clientele across diverse retail segments, including fashion, lifestyle, electronics, grocery, beauty, and telecom.
Operations and Clientele
Rexpro Enterprises manufactures furniture for offices, hospitals, government offices, and the growing home segment, catering to both institutional and individual clients. Its prominent 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, highlighting the company’s strong presence in the retail and corporate furniture market.
Manufacturing and Workforce
The company operates three manufacturing units in Vashi, Maharashtra, equipped to handle a wide range of furniture production, including customized solutions. As of September 30, 2024, Rexpro has 65 permanent employees and 126 contractual staff, in addition to 9 employees employed through its subsidiary, ensuring flexibility and scalability in operations.
Competitive Strengths
Rexpro Enterprises’ competitive advantages include a diverse product range with customization capabilities, strong quality control and ethical business practices, versatile manufacturing facilities, long-standing relationships with key customers, and an experienced management team that drives operational efficiency and customer satisfaction.
| Assets | 50.54 | 39.95 | 27.87 |
| Total Income | 49.56 | 83.01 | 62.89 |
| Profit After Tax | 4.08 | 5.18 | 0.63 |
| EBITDA | - | - | - |
| NET Worth | 13.08 | 9.22 | 4.69 |
| Reserves and Surplus | 5.12 | 8.96 | 4.43 |
| Total Borrowing | - | - | - |
| ROE | 56.24% |
| ROCE | 62.21% |
| Debt/Equity | 0.65 |
| RoNW | 56.24% |
| PAT Margin | 6.25% |
| EBITDA Margin | - |
| Price to Book Value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 10 |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 5.84 |
| 4 | Offer for Sale (OFS) | - |
Rexpro Enterprises Ltd. Address
Building No 2, WING A & B
Survey No -36, Hissa No 13, Waliv Village
Dhumal Nagar, Valiv, Vasai
Thane, Maharashtra, 401208
+91 84848 32162
cs@rexpro.co
https://www.rexpro.co/
IPO Registrar
Cameo Corporate Services Ltd.
+91-44-28460390
priya@cameoindia.com
https://ipo.cameoindia.com/