IPO Details
Bidding Dates
22 Jan 25 - 24 Jan 25
Price Range ₹
145 - 0
Total Equity
₹ 53.65Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
22 Jan 2025
Offer end
24 Jan 2025
Allotment
27 Jan 2025
Refund initiation
28 Jan 2025
Demat transfer
28 Jan 2025
Listing
29 Jan 2025
Offer start
22 Jan 2025
Offer end
24 Jan 2025
Allotment
27 Jan 2025
Refund initiation
28 Jan 2025
Demat transfer
28 Jan 2025
Listing
29 Jan 2025
About Company
Founded in March 2012, Rexpro Enterprises Limited is a furniture manufacturing company based in Vashi, Maharashtra. Initially established to cater to the furniture and fixture needs of retailers, the company has expanded its client base across various retail segments, including fashion, lifestyle, electronics, grocery, beauty, and telecom. Rexpro Enterprises specializes in manufacturing furniture for offices, hospitals, government institutions, and the rapidly growing home segment. The company’s notable 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. Rexpro operates three manufacturing units located in Vashi, Maharashtra. As of September 30, 2024, the company employs 65 permanent staff members and an additional 126 contractual workers. Furthermore, nine employees are on the payroll of its subsidiary, in addition to the permanent staff. Competitive Strengths: 1. Diverse product portfolio capable of producing a wide range of customized furniture. 2. Strong focus on stringent quality control and ethical business practices. 3. Flexible manufacturing with multiple versatile facilities. 4. Long-term partnerships with key customers. 5. Skilled and experienced management team.
Year Founded
12-03-2012
Promotor Details
Premal Niranjan Shah
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 66.98 |
| Share Capital | 7956460 | 7506460 |
Offer to Public
37,00,000.00 Cr
Project Details
- Funding of working capital requirements of the Company - 100cr
- Purchase of Equipment and Renovation of Factory - 250cr
- Pursuing Inorganic Growth - 35.2cr
- General Corporate Expenses - 58.4cr
Objectives
- Purchase of Equipment and Renovation of FactoryFunding of working capital requirements of the Company.Pursuing Inorganic GrowthGeneral Corporate Expenses
Highlights
- Diverse product range minimizes risks across sectors and clients, with a focus on innovative products like platform screen doors.
- Multiple manufacturing facilities ensure scalability, customization, and consistent quality control.
- Long-term customer relationships drive sustained growth and repeat business.
- Experienced management ensures strategic growth and operational efficiency.
- Ethical practices certified by SEDEX enhance supply chain integrity and trust.
Challenges
- Litigation risks, dependence on suppliers without long-term agreements, and regional revenue concentration could impact reputation, supply chain stability, and increase exposure to risks.
- Pricing pressure from customers and ownership issues at operational premises may reduce profitability and disrupt business continuity.
- Heavy reliance on key personnel for operations makes the business vulnerable to disruptions.
- Underutilization of expanded manufacturing capacities could limit growth opportunities.
- Natural calamities or adverse conditions may disrupt operational stability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 3,979.54 | 25.67 | 518.34 | 452.58 | 5.6873 |
| 2023 | 2,781.18 | 25.67 | 518.34 | 452.58 | 5.6873 |
