Rexpro Enterprises had a weak market debut on the NSE SME platform on January 29, 2025, opening at ₹117, reflecting a 19% decline from its issue price of ₹145. The furniture manufacturing company’s listing fell short of investor expectations.
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Rexpro Enterprises IPO saw strong demand on its final bidding day, reaching an overall subscription of 17.67 times. The retail portion was oversubscribed 27.12 times, while the non-institutional investor (NII) segment saw 8.22 times subscription, reflecting heightened investor interest by January 24, 2025.
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Rexpro Enterprises Limited, established in March 2012 in Vashi, Maharashtra, specializes in manufacturing furniture for offices, hospitals, and homes. With clients like Shoppers Stop, Samsung, and Hindustan Unilever, it operates three units with 65 permanent staff, 126 contractual workers, and nine subsidiary employees, serving diverse retail and corporate sectors.
Rexpro Enterprises Ltd aims to invest in equipment, factory renovation, working capital, and acquisitions to expand operations. It allocates ₹17.99 crore for equipment, ₹10 crore for working capital, ₹3.52 crore for acquisitions, and ₹5.84 crore for corporate purposes.
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