Rexpro Enterprises Limited is coming up with an IPO consisting of a fresh issue of 32,50,000 shares worth INR 47.13 crores and an offer to sell 4,50,000 existing shares worth INR 6.53 crores. The company aims to invest in equipment, working capital, inorganic growth, and corporate expenses. 

Rexpro Enterprises IPO – Important Dates 

Rexpro Enterprises Limited IPO – Company Profile 

Rexpro Enterprises Limited, based in Vasai, Maharashtra, specialises in retail fixtures, commercial furniture, industrial products, and high-precision platform screen doors, serving diverse sectors with innovative, multi-material, and customised manufacturing solutions for global and Indian clients. 

With in-house manufacturing in Vasai, Rexpro Enterprises Limited delivers wood-metal products and turnkey solutions pan-India, serving top B2B clients like Shoppers Stop, Samsung, and Lenskart with quality, diverse finishes, and lasting partnerships. 

Spanning 1,00,000 sq. ft. across three Vasai facilities, Rexpro Enterprises Limited ensures efficient in-house manufacturing, stringent quality control, and certified safety standards, delivering high-quality products while prioritising worker well-being and operational excellence. 

Rexpro Enterprises Ltd IPO Fundamental Analysis 

Rexpro Enterprises Limited’s financial analysis reveals a mixed performance. Revenue shows positive growth, reflecting strong financial performance. Profitability, earnings per share, and return on net worth have significantly improved, indicating robust business growth and economic strength. 

• Revenue Trend: The revenue increased from ₹6,287.99 lakhs in March 2023 to ₹8,298.66 lakhs in March 2024. The revenue for the current year’s 6-month period ending September 2024 is INR 4,954.98 lakh. 
• Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing. 
• Profitability: The profit after tax (PAT) has significantly increased from ₹63.59 lakh in March 2023 to ₹386.21 lakh by September 2024. This improvement in profitability could be a source of confidence among investors. 
• Earnings per Share (EPS): The diluted EPS has risen from ₹0.80 in March 2023 to ₹4.85 by September 2024, reflecting higher earnings per share for investors. 
• Return on Net Worth (RoNW): The RoNW has increased from 13.63% to 31.22%, indicating an increase in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 
• Inventory Days: A significant increase in Inventory Days might suggest slower sales or inefficient inventory management, indicating that products are taking longer to sell, which could affect cash flow and overall efficiency. 

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Rexpro Enterprises IPO Financial Analysis 

Rexpro Enterprises Limited IPO Peer Comparison 

Rexpro Enterprises Limited, Naman In-Store (India) Limited, and Parin Enterprises Limited are prominent players, showcasing strong performance across various financial metrics, with notable differences in profitability, efficiency, and return on assets. 

Rexpro Enterprises Ltd IPO Objective 

The main objective of Rexpro Enterprises Limited is to invest in equipment and factory renovation, meet working capital requirements, and pursue inorganic growth to enhance operational capabilities and expand market presence. 

1. Purchase of Equipment and Factory Renovation: The company intends to utilise INR 17.99 crores from the Net Proceeds towards purchasing equipment, with the specific nature and quantity to be determined based on business requirements and future estimates. 

2. Funding the company’s working capital requirements: The company plans to utilise INR 10.00 crores from the Net Proceeds to fund its working capital requirements for Fiscal 2025, supporting future growth alongside existing financing facilities from banks and financial institutions. 

3. Pursuing Inorganic Growth: The company aims to utilise INR 3.52 crores for potential acquisitions within the customised furniture, fixture, or infrastructure space, focusing on synergies to expand its network and enter new segments while ensuring compliance with applicable laws. 

4. General Corporate Purposes: The company will deploy INR 5.84 crores for general corporate purposes, including strategic initiatives, general procurement, brand creation, strengthening marketing activities, and addressing ongoing corporate exigencies or other business needs. 

Rexpro Enterprises IPO Risks And Challenges 

Rexpro Enterprises Limited’s risk includes manufacturing, marketing, and delivery complexities across sectors, competition, reliance on Maharashtra for raw materials, and potential supply chain disruptions, which could impact costs, timelines, reputation, and financial performance. 

• The company’s growth relies on successful manufacturing, marketing, and product delivery across sectors, facing competition, innovation challenges, raw material procurement, quality control, and workforce management, which could impact operations and reputation. 
• The company’s growth depends on manufacturing, marketing, and delivering products across multiple sectors, facing risks such as competition, capital investment needs, technological innovation, raw material procurement, and quality control, which could impact reputation and operations. 

• The company’s reliance on Maharashtra for over 80% of raw materials exposes it to supply chain disruptions from political instability, natural disasters, or strikes, potentially impacting costs, project timelines, and overall financial performance. 

Rexpro Enterprises Ltd IPO – Industry & Market Potential 

India’s retail sector is highly fragmented, with 90% unorganised. Organised retail and e-commerce are growing rapidly, with e-commerce expected to reach USD 350 billion by 2030. Digital payment adoption and fintech solutions are transforming unorganised retail. 

India’s warehousing sector, valued at USD 12 billion in 2022, is growing at a 20-25% CAGR. Organised warehousing, contributing 30% of total space, is expected to reach 500 million square feet by 2025, with key regions driving growth. 

India’s metro rail system, spanning 800 kilometres across 15 cities, is expanding rapidly with a CAGR of 15-18%. Over 600 new stations are planned by 2027, increasing the total to 2,100 stations and improving urban mobility. 

Rexpro Enterprises Limited IPO – Type of Offer 

Rexpro Enterprises Limited plans a fresh issue of 32,50,000 shares, seeking INR 47.13 crores to invest in equipment, working capital, inorganic growth, and corporate expenses. Additionally, the company proposes an offer to sell 4,50,000 existing shares worth INR 6.53 crores. 

1. Fresh Issue: The company will issue 32,50,000 new shares to raise capital, aiming to collect INR 47.13 crores. The company intends to utilise the proceeds from the fresh issue to invest in equipment, working capital, inorganic growth, and corporate expenses.
2. Offer for sale: Rexpro Enterprises Limited is offering to sell 4,50,000 existing shares worth INR 6.53 crores. The following are the details of the existing shareholders who are also the promoters selling the shares:

Rexpro Enterprises IPO Offer Size 

The offer size of Rexpro Enterprises Limited is INR 53.65 crores, consisting of a fresh issue of 32,50,000 shares worth INR 47.13 crores and an offer to sell 4,50,000 existing shares worth INR 6.53 crores. The company aims to invest in equipment, working capital, inorganic growth, and corporate expenses. 

Rexpro Enterprises Limited IPO Allotment Structure 

Rexpro Enterprises Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 1,86,000 shares for Market Makers. 

• Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.

• Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs. 

• Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 1,86,000 shares for this purpose. 

How to apply for the Rexpro Enterprises IPO?

To apply for the Rexpro Enterprises Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Rexpro Enterprises Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Rexpro Enterprises Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Rexpro Enterprises IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Rexpro Enterprises Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Rexpro Enterprises Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Rexpro Enterprises Limited IPO:

● Registrar’s Website: Visit the website of Cameo Corporate Services Limited, the registrar of the Rexpro Enterprises Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Rexpro Enterprises Ltd IPO Offer Registrar

The registrar for the Rexpro Enterprises Limited IPO is Cameo Corporate Services Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

Cameo Corporate Services Limited

Subramanian Building” 1 Club HouseRoad, 

Chennai- 600 002

Tel: +91 40 6716 2222

E-mail: [email protected]

Website: www.cameoindia.com 

Rexpro Enterprises SME IPO – FAQs