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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹53.65 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹53.65 Cr |
| Fresh Issue | ₹44.43 Cr |
| Offer for Sale | ₹6.53 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹145.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | REXPRO |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Horizon Management Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,000 shares and in multiples thereof
Incorporated in March 2012, 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.
The company manufactures furniture for offices, hospitals, government offices, and the growing home segment.
The company's 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.
The company has three manufacturing units in Vashi, Maharastra.
As of September 30, 2024, the total employee strength of the company is 65 employees permanently, and a further 126 are on a contractual basis. Nine employees are on the payroll of its subsidiary over and above 65 employees.
Competitive Strength
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Equipment and Renovation of Factory | 25.00 |
| 2 | Funding of Working Capital Requirement of the company | 10.00 |
| 3 | Pursuing Inorganic Growth | 3.52 |
| 4 | General Corporate Expenses | 5.84 |
| 5 | Issue Expenses | 2.77 |
| Total | 47.13 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 50.54 | 39.95 | 27.87 |
| Total Income | 49.56 | 83.01 | 62.89 |
| Profit After Tax | 4.08 | 5.18 | 0.63 |
| NET Worth | 13.08 | 9.22 | 4.69 |
| Reserves and Surplus | 5.12 | 8.96 | 4.43 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 56.24% |
| ROCE | 62.21% |
| Debt / Equity | 0.65% |
| RoNW | 56.24% |
| PAT Margin | 6.25% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.69 | 6.89 |
| P/E (x) | 25.49 | 21.04 |
| Promoter Holding | 100% | 66.99% |
| Market Cap | ₹162.49 Cr. | |
