The IPO of Rexpro Enterprises Limited is scheduled to open on January 22, 2025, and close on January 24, 2025. The issue is priced at ₹145 per share, with a face value of ₹10 per share. Investors can apply in lot sizes of 1,000 shares, with a minimum and maximum investment of ₹1,45,000 for retail investors. High Net-worth Individuals (HNIs) can apply for a minimum of 2 lots, equivalent to 2,000 shares, at ₹2,90,000.
The total issue size comprises 37,00,000 shares, aggregating up to ₹53.65 crore. This includes a fresh issue of 32,50,000 shares, raising ₹47.13 crore, and an offer for sale (OFS) of 4,50,000 shares, amounting to ₹6.53 crore. The IPO follows a fixed price issue format and will be listed on the NSE SME platform.
Key dates for the IPO are as follows: the basis of allotment will be finalized on January 27, 2025, refunds will be initiated on January 28, 2025, shares will be credited to demat accounts on the same day, and the listing will take place on January 29, 2025.
Rexpro Enterprises Limited, incorporated in March 2012, is a prominent furniture manufacturing company based in Vashi, Maharashtra. Initially established as a furniture and fixture provider for retailers, the company has expanded its clientele across diverse retail segments, including fashion, lifestyle, electronics, grocery, beauty, and telecom.
Rexpro manufactures furniture for various sectors such as offices, hospitals, government establishments, and the growing home segment. Its distinguished client list includes 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 operates three manufacturing units located in Vashi, Maharashtra.
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.