Alice Blue Home
URL copied to clipboard

Trending News

Rexpro Enterprises : Rexpro Enterprises shares get listed at 19% discount!

Rexpro Enterprises debuted weakly on NSE SME on January 29, 2025, opening at ₹117, a 19% discount from its ₹145 issue price, disappointing investors in the furniture manufacturing sector.
Rexpro Enterprises shares listed at ₹117, 19% discount.
Rexpro Enterprises shares listed at ₹117, 19% discount.

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.

Alice Blue Image

Also Read: Stocks To Watch For Budget 2025

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.

Also Read: Best Sectors To Watch For Budget 2025

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.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

Loading
Submit the form, and get to know how you scored!!!
Submit the form, and get to know how you scored!!!

Gainers & Losers

Read More News

F&O Ban List

The F&O Ban List restricts trading in specific stocks when their market-wide position limit exceeds 95%, aiming to prevent excessive