Rexpro Enterprises IPO opens today: Check key dates, GMP, price band and other details

Here are 10 key things investors need to know about Rexpro Enterprises IPO before subscribing to the issue.

1) Rexpro Enterprises IPO size

The IPO is a mix of fresh equity sale of 32.5 lakh shares and an offer for sale (OFS) of Rs 6.53 crore.

2) Rexpro Enterprises IPO price band

The company is offering its shares at Rs 145 apiece, and investors can bid for 1000 shares in 1 lot.

3) Rexpro Enterprises IPO GMP

In the grey market, the company’s shares were trading with a GMP of Rs 48, indicating a premium of 33% over the issue price.

4) About Rexpro Enterprises

Rexpro Enterprises is a growing diversified product manufacturing company based out of Maharashtra. The company started as a one
stop solution to meet the furniture and fixture requirements for retailers and acquired clients across multiple retail segments such as fashion, lifestyle, electronics, grocery, beauty, telecom etc.

5) Industry Overview

The organised retail market in India has 12% share of the total retail market and has a growth rate of 10% over 2021-32. Increasing demand for organized retail space has helped create a capacity of 120 million square feet (MSF) in retail space across major Indian cities.

6) Rexpro Enterprises financial performance

For the period ended March 2024, the company clocked total revenues of Rs 83 crore and net profit of Rs 5.18 crore.

7) Objects of the offer

The net proceeds from the public offer will be used for purchase of equipment and renovate factory, funding of working capital requirements, pursuing inorganic growth, and general corporate purposes.

8) Lead managers and Registrar

Horizon Management is acting as the lead manager to the issue and Cameo Corporate Services is the registrar.

9) Issue structure

About 50% of the offer is reserved for retail investors and the rest 50% for non-retail investors.

10) Important dates

The IPO will open on January 22 and will close on January 24. The final allotment will likely be made on January 27. The company’s shares will likely get listed on January 29.

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