Rexpro Enterprises IPO is a fixed price issue amounting to ₹53.65 crores, consisting of a fresh issue of 32.50 lakh shares aggregating to ₹47.13 crores and an offer for sale of 4.50 lakh shares totaling ₹6.53 crores.
The IPO will open for subscription on January 22, 2025, and close on January 24, 2025. The allotment of shares is expected to be finalized on Monday, January 27, 2025. Rexpro Enterprises IPO is set to list on the NSE SME platform, with a tentative listing date of Wednesday, January 29, 2025.
Rexpro Enterprises operates in the Furniture, Furnishing & Flooring sector. They provide a wide range of products, including retail fixtures, displays, commercial and institutional furniture, and even specialized products like sound barriers and high precision double doors for metro stations.
The IPO is priced at ₹145 per share. The minimum application lot size is 1,000 shares, requiring a minimum investment of ₹1,45,000 for retail investors. High-net-worth individuals (HNIs) need to apply for at least 2 lots (2,000 shares), amounting to ₹2,90,000.
Horizon Management Private Limited is the book-running lead manager for the IPO, with Cameo Corporate Services Limited serving as the registrar. The market maker for the issue is Giriraj Stock Broking Private Limited.
Rexpro Enterprises IPO Details:
| Company Name | Rexpro Enterprises Limited |
| Sector | Furniture, Furnishing & Flooring |
| IPO Type | SME |
| IPO Open date | 22nd Jan 2025 |
| IPO Close date | 24th Jan 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Rexpro Enterprises IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,45,000 |
| HNI (Min) | 2 | 2000 | 2,90,000 |
Rexpro Enterprises IPO Timeline:
| IPO Open Date | 22nd Jan 2025 |
| IPO Close Date | 24th Jan 2025 |
| Basis of Allotment | 27th Jan 2025 |
| Refund Initiation Date | 28th Jan 2025 |
| Shares Credit to Demat | 28th Jan 2025 |
| Listing Date | 29th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Rexpro Enterprises’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Furniture, Furnishing & Flooring Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Rexpro Enterprises and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
