Rexpro Enterprises SME: Check IPO Date, Live Subscription and Key Details
Rexpro Enterprises Limited is a furniture manufacturing company in Vashi Maharastra. The company started as a furniture and fixture business for retailers and acquired clients across multiple retail segments such as fashion, lifestyle, electronics, grocery, beauty, telecom etc.
Min Investment
₹145000
Price Range
₹145.00
Issue Size
₹53.65 Cr
IPO Type
NSE SME
Key Metrics
Face Value
₹10
EPS
6.89
P/E Ratio
21.04
RoNW
56.24%
ROE
56.24%
Debt to Equity
0.65
Timeline
IPO Opens
22 Jan
IPO Closes
24 Jan
Allotment
27 Jan
Listing
29 Jan
IPO Objectives
- Purchase of Equipment and Renovation of Factory
- Funding of working capital requirements of the Company.
- Pursuing Inorganic Growth
- General corporate purposes.
Strengths
- Diverse product range catering to offices, hospitals, government, and home segments.
- Strong client portfolio with notable names like Samsung, Hindustan Unilever, and Lenskart.
- Ability to produce customized furniture for varying customer needs.
- Multiple manufacturing units ensuring operational versatility and scalability.
- Experienced management team fostering consistent growth and strategic decision-making.
Weaknesses
- Heavy dependence on a few key clients for significant revenue generation.
- Limited geographic presence, confined mainly to Vashi, Maharashtra.
- Small workforce size might limit operational scalability for large projects.
- Reliance on contractual staff may impact long-term workforce stability.
- Intense competition from established furniture brands and low-cost manufacturers.
Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 50.54 | 39.95 | 27.87 |
| Revenue (₹ Cr.) | 49.56 | 83.01 | 62.89 |
| PAT (₹ Cr.) | 4.08 | 5.18 | 0.63 |
| Net Worth (₹ Cr.) | 13.08 | 9.22 | 4.69 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Rexpro Enterprises | 0 | 21.04 | 56.24 | 13.08 |
| Naman In-store | 2.05 | 11.09 | 24.23 | 38.26 |
| Parin Furniture | 7.27 | 137.18 | 3.92 | 58 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.80x | 1.76x | 8.22x |
| RII | 4.89x | 10.97x | 27.12x |
| Total | 2.85x | 6.36x | 17.67x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| NII | 17,57,000 | 1,44,38,000 | 209.35 |
| RII | 17,57,000 | 4,76,44,000 | 690.84 |
| Total | 35,14,001 | 6,20,82,000 | 900.19 |
Company Details
- Building No 2, WING A & B Survey No -36, Hissa No 13, Waliv Village Dhumal Nagar, Valiv, Thane, Vasai-401208
- +91 84848 32162
- cs@rexpro.co
- https://www.rexpro.co/
Registrar Details
- Cameo Corporate Services Limited
- +91-44-28460390
- priya@cameoindia.com
- https://ipo.cameoindia.com/