Rexpro Enterprises IPO is a fixed-price issue valued at ₹53.65 crore. It includes a fresh issue of 32.50 lakh shares amounting to ₹47.13 crore and an offer for sale of 4.50 lakh shares aggregating to ₹6.53 crore. The IPO opened for subscription on January 22, 2025, and is closing soon tomorrow on January 24, 2025. The allotment is expected to be finalised on January 27, 2025, with a tentative listing date on January 29, 2025, on NSE SME.
The IPO price is set at ₹145 per share. Retail investors need a minimum investment of ₹1,45,000 for one lot of 1,000 shares, while HNI investors must invest in at least two lots, amounting to ₹2,90,000.
Horizon Management Private Limited is the book-running lead manager for this issue, while Cameo Corporate Services Limited serves as the registrar. Giriraj Stock Broking Private Limited is the market maker.
For detailed financial and operational information, investors can refer to the Rexpro Enterprises IPO RHP. This IPO presents an opportunity to invest in a growing enterprise listed on the SME platform.
Industry Outlook
- India’s retail industry is projected to grow at a CAGR of 9% from US$ 779 billion in 2019 to over US$ 1.8 trillion by 2030, according to Kearney Research. With a robust consumer base and rising disposable incomes, India is positioned as a global retail destination, attracting significant investments.
- The organised warehousing sector in India is expected to grow at a CAGR of 20-25%, expanding from USD 12 billion in 2022 to a potential 500 million square feet by 2025. This growth is fueled by e-commerce expansion and infrastructure advancements like industrial corridors and multimodal logistics parks.
Rexpro Enterprises IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company aims to allocate funds towards enhancing production capabilities and modernising facilities to improve operational efficiency.
- A portion of the proceeds will be used for supporting day-to-day operations and ensuring smooth business activities.
- Funds will be directed toward exploring strategic acquisitions and partnerships to expand market presence.
- The remaining funds will be used for general corporate purposes.
About Rexpro Enterprises Limited
Rexpro Enterprises Limited, originally incorporated on March 12, 2012, as a private limited company, transitioned into a public limited entity on August 9, 2024. Based in Vasai, Maharashtra, the company is a growing diversified product manufacturer catering to multiple sectors.
Initially established to provide furniture and fixture solutions for retailers, Rexpro Enterprises has expanded its portfolio to include commercial, institutional, and home furniture. Its offerings extend to industrial products such as racks, cabinets, and trolleys. The company has also ventured into infrastructure products like sound barriers, installed on flyovers in Mumbai, and high-precision double doors for metro stations, enhancing safety and reducing noise pollution.
With the rise of e-commerce and logistics, Rexpro Enterprises manufactures racking systems and fixtures for the warehousing industry. Its products, made from wood, metal, and other materials, undergo all processes in-house to ensure quality and timely delivery.
The company operates on a B2B model, serving leading brands such as Shoppers Stop, Samsung, Hindustan Unilever, Lenskart, and Godrej & Boyce. Its three manufacturing facilities in Vasai span approximately 1,00,000 square feet and house advanced machinery for designing, prototyping, fabrication, and packaging.
Offering turnkey solutions, Rexpro Enterprises designs, manufactures, and installs products across India, delivering consistent value to long-term clients across diverse industries.
How To Check the Allotment Status of the Rexpro Enterprises IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Rexpro Enterprises IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Rexpro Enterprises IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Rexpro Enterprises IPO
Registered office: 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
E-mail: cs@rexpro.com
Rexpro Enterprises IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor Shares |
- |
|
Market Maker Shares |
1,86,000 (5.03%) |
|
Other Shares |
17,57,000 (47.49%) |
|
Retail Shares |
17,57,000 (47.49%) |
|
Total Shares |
37,00,001 (100%) |
Rexpro Enterprises IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1000 |
₹1,45,000 |
|
Retail (Max) |
1 |
1000 |
₹1,45,000 |
|
HNI (Min) |
2 |
2000 |
₹2,90,000 |
Rexpro Enterprises IPO Promoter Holding
The promoters of the company are Minesh Anilbhai Chovatia, Premal Niranjan Shah, Ragesh Deepak Bhatia and Ravishankar Sriramamurthi Malla.
|
Share Holding Pre-Issue |
100% |
|
Share Holding Post Issue |
66.99% |
Key Performance Indicators for Rexpro Enterprises IPO
As of March 31, 2024, the market capitalisation of Rexpro Enterprises's IPO is ₹162.49 crore. Here are the KPIs of Rexpro Enterprises:
|
KPI |
Value |
|
RoE (%) |
56.24 |
|
RoCE (%) |
62.21 |
|
Debt/Equity (x) |
0.65 |
|
PAT Margin |
6.25 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
5.69 |
6.89 |
|
P/E (x) |
25.49 |
21.04 |
Note: Rexpro Enterprises Limited’s Pre-IPO EPS is based on pre-issue shareholding and FY earnings as of March 31, 2024. Post-IPO EPS considers post-issue shareholding and annualised earnings as of September 30, 2024, offering insights into earnings per share before and after the IPO.
Rexpro Enterprises IPO Prospectus
Rexpro Enterprises IPO Registrar and Lead Managers
Rexpro Enterprises IPO Lead Managers
- Horizon Management Private Limited
Registrar for Rexpro Enterprises IPO
Cameo Corporate Services Limited
- Contact Number:+91-44-28460390
- Email Address: priya@cameoindia.com
Rexpro EnterprisesIPO Registrar
Financial Performance of Rexpro Enterprises Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 8,298.66 | 6,287.99 |
| Profit After Tax (PAT) (in ₹ lakh) | 518.34 | 63.95 |
| EBITDA (in ₹ lakh) | 806.10 | 164.05 |
| Return on equity (%) | 56.24 | 13.63 |
| Return on capital employed (%) | 62.21 | 19.89 |
| Current Ratio (x) | 1.22 | 1.06 |
| Debt-Equity ratio (x) | 0.65 | 0.87 |
Know before investing
Strengths
8Diverse product range caters to industrial, retail, and infrastructure needs.
Systematic warehouses enable efficient e-commerce delivery and reduce risks.
3 advanced manufacturing plants ensure high-volume, customised production.
Strong customer loyalty drives repeat business and sustainable growth.
SEDEX certification reflects ethical standards and robust quality control.
Innovative R&D focuses on infrastructure and retail sector growth.
Robotic automation enhances product quality and operational efficiency.
Collaboration aims to scale operations for metro and B2G projects.
Risks
8Legal proceedings could result in liabilities, penalties, or reputational damage.
Success depends on overcoming challenges in manufacturing, marketing, and timely delivery.
High competition may lead to lower sales and increased inventory.
Reliance on unorganised suppliers poses risks of delays or defective materials.
Dependency on Maharashtra for over 80% of raw materials increases vulnerability.
Pricing pressure from customers may reduce profit margins and efficiency.
Operations rely on rented premises, subject to lease renewals and disputes.
Regional revenue concentration heightens risk from adverse local developments.
Rexpro Enterprises Limited Peer Details Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | P/E (x) | RoNW (%) |
|---|---|---|---|---|
| Rexpro Enterprises Limited | 5.69 | 5.69 | 25.48 | 56.24 |
| Naman In-store (India) Limited | 11.99 | 11.99 | 11.09 | 24.23 |
| Parin Furniture Limited | 2.77 | 2.77 | 137.18 | 3.92 |
