Rexpro Enterprises Ltd
Rexpro Enterprises Ltd., established in 2012, is a diversified product manufacturing company based in Vasai, Maharashtra. The company began as a one-stop solution for furniture and fixture requirements for retailers and has since expanded its clientele across various retail segments, including fashion, lifestyle, electronics, grocery, beauty, and telecom. Over the years, Rexpro has diversified into commercial and institutional furniture for offices, hospitals, and government establishments, as well as industrial products like racks, cabinets, and trolleys. Notably, the company has ventured into manufacturing sound barriers for infrastructure projects and high-precision double doors used at metro stations, showcasing its engineering capabilities.
IPO Timeline
Rexpro Enterprises Ltd. is set to launch its Initial Public Offering (IPO) with the following key dates:
- Bidding Period Start Date: January 22, 2025
- Bidding Period End Date: January 24, 2025
- Allotment Finalization Date: January 27, 2025
- Listing Date: January 29, 2025
Price Band and Lot Size
The IPO is priced at ₹145 per equity share, with a minimum lot size of 1,000 shares. This means that investors need to invest a minimum of ₹145,000 to participate in the IPO.
Financials
Rexpro Enterprises Ltd. has demonstrated consistent growth over the past few years. Key financial metrics are as follows:
| Financial Year | Revenue (₹ Crores) | Profit After Tax (₹ Lakhs) | Reserves & Surplus (₹ Crores) |
|---|---|---|---|
| 2020-21 | 14.38 | 42.02 | 3.34 |
| 2021-22 | 35.71 | 56.75 | 3.90 |
| 2022-23 | 59.95 | 71.73 | 4.62 |
Strengths
- Diversified Product Portfolio: Rexpro offers a wide range of products catering to multiple sectors, including retail, commercial, industrial, and infrastructure.
- Established Clientele: The company serves renowned clients such as Shoppers Stop Limited, Hindustan Unilever, Lenskart, Marks & Spencer Reliance India Private Limited, and Godrej & Boyce Mfg. Co. Limited.
- In-House Manufacturing Capabilities: With comprehensive in-house processes, Rexpro ensures quality control and adherence to timelines.
Risks
- Market Competition: The furniture and fixtures industry is highly competitive, with numerous players in both organized and unorganized sectors.
- Dependence on Key Clients: A significant portion of revenue is derived from a few major clients, which could impact financials if any client reduces or terminates their business relationship.
- Economic Sensitivity: The company’s performance is linked to the overall economic environment, affecting consumer spending and investment in infrastructure projects.
IPO Anchor Investors Details
As of now, specific details regarding anchor investors for Rexpro Enterprises Ltd.’s IPO have not been disclosed. Investors are advised to monitor official communications from the company for updates.
IPO Promoter Holding
The promoters of Rexpro Enterprises Ltd. include:
- Premal Niranjan Shah
- Ragesh Deepak Bhatia
- Ravishankar Sriramamurthi Malla
- Minesh Anilbhai Chovatia
| Promoter Name | Pre-Issue Shareholding (%) | Post-Issue Shareholding (%) |
|---|---|---|
| Premal Niranjan Shah | Data Not Available | Data Not Available |
| Ragesh Deepak Bhatia | Data Not Available | Data Not Available |
| Ravishankar Sriramamurthi Malla | Data Not Available | Data Not Available |
| Minesh Anilbhai Chovatia | Data Not Available | Data Not Available |
Note: Specific percentages for pre- and post-issue shareholding are not available at this time.
IPO Grey Market Premium (GMP)
As of now, there is no available information regarding the Grey Market Premium (GMP) for Rexpro Enterprises Ltd.’s IPO. Investors should exercise caution and rely on official sources for accurate data.
Final Thoughts
Rexpro Enterprises Ltd.’s upcoming IPO presents an opportunity for investors interested in a company with a diversified product portfolio and a track record of consistent growth. However, potential investors should carefully consider the competitive landscape, client concentration risks, and economic factors that could influence the company’s performance. Conducting thorough due diligence and consulting financial advisors is recommended before making investment decisions.