Rexpro Enterprises IPO GMP, Open Date, Price, Allotment Status

Rexpro Enterprises IPO open date is on January 22 to January 24, 2025. This new IPO is a book-built issue of Rs 53.65 crore. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 47.13 crores and offer-for-sale is of Rs 6.53 crores. 

Rexpro Enterprises IPO price band is Rs 145 per share. Rexpro Enterprises IPO GMP is 18 indicating mild bullish sentiment for this IPO among investors. Live IPO Grey Market Premium details are visible online.

Rexpro Enterprises IPO lot size is 1000 shares. The IPO allotment status live is to be finalised on January 27, 2025. The minimum investment for the retail investors for 1 lot is Rs 1,45,000. The registrar for the Rexpro Enterprises IPO is Cameo Corporate Services Limited. Rexpro Enterprises IPO listing date is January 29, 2025. 

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Rexpro Enterprises IPO GMP

Rexpro Enterprises IPO GMP is Rs 18 per share. The IPO GMP today indicates the huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription is oversubscribed, then Rexpro Enterprises IPO GMP might rise in the coming days.

Rexpro Enterprises IPO GMP Live status will indirectly impact the sentiments of the IPO investors. If the Grey Market Premium is quoting at 8% or above, then the possibility of the oversubscription increases. 

However, if the Live IPO GMP quotes is below 8% premium, then most investors tend to lose interest in applying in the IPO and the probability of the under-subscription increases. Here, in Rexpro Enterprises IPO GMP is expected to quote the initial ticks at the 10% or above premium.

Rexpro Enterprises IPO Price Band

Rexpro Enterprises IPO price band is Rs 145 per share. The minimum amount of investment for the retail category is to be at Rs 1,45,00. The minimum investment for the HNI is Rs 2,90,000.

Rexpro Enterprises IPO Open Date, Close Date

Rexpro Enterprises IPO open date is 22 January 2025 and closing date is 24 January 2025. The initiation of the refund date is 28 January 2025, and the credit of shares will be on 28 January 2025.

Rexpro Enterprises IPO Allotment Status Live

Rexpro Enterprises IPO allotment status live will be finalised on 27 January 2025. The listing will be on the NSE SME platform on 29 January 2025. The registrar of this IPO is Cameo Corporate Services Limited. Investors can check their allotment status after the subscription of the IPO ends.

Rexpro Enterprises IPO Listing Date

Rexpro Enterprises IPO's listing date will be on January 29, 2025. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Rexpro Enterprises IPO: Listing Date, Lot Size, Price Band

Rexpro Enterprises Limited: About the Company

Rexpro Enterprises Limited was incorporated in 2012, is a furniture manufacturing company. They started as a furniture and fixture business for retailers and acquired clients across multiple retail segments such as fashion, lifestyle, electronics, telecom etc.

Rexpro Enterprises Limited manufactures furniture for offices, hospitals, government offices, and the growing home segment. The company's clients include Shoppers Stop Limited, Hindustan Unilever, Lenskart, Marks & Spencer, Reliance etc. 

The company's competitive strength is 1) Diverse product range with the ability to produce customized products. 2) Versatile and multiple manufacturing facilities. 3) strong quality control and ethical business practices.

Rexpro Enterprises IPO Objectives

The funds raised from Rexpro Enterprises IPO will be used for purchase of equipment and renovation of the factory. Also, the money will be used for meeting the working capital requirements, pursuing inorganic growth and fulfilling the general corporate purposes. 

Rexpro Enterprises IPO: Key Dates, Allotment, Listing Date

Rexpro Enterprises IPO Subscription Status Live

Rexpro Enterprises IPO subscription status will be available after the IPO opens on 22 January 2025. In the retail category 50% of the net offer is reserved. The remaining 50% is reserved for the other investors category. 

Rexpro Enterprises IPO Promoter Holdings

Rexpro Enterprises IPO promoters are Minesh Anilbhai Chovatia, Premal Niranjan Shah, Ragesh Deepak Bhatia and Ravishankar Sriramamurthi Malla.The promoters' shareholdings before the IPO were 100%; however, after the IPO, shareholdings will decline to 66.99%.

Rexpro Enterprises  Limited Company Financials

Rexpro Enterprises  Limited posted revenue of Rs 83.01 lakhs and net profit of Rs 4.53 lakhs for the period ending on 31 March 2024. The company’s revenue increased by 87.67% and PAT increased by 607% between the FY ending on 31 March 2024 and 31 March 2023.

Rexpro Enterprises IPO Registrar

Rexpro Enterprises IPO registrar is Cameo Corporate Services Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Rexpro Enterprises IPO Lead Managers

Rexpro Enterprises IPO lead managers are Horizon Management Private Limited.

How to apply to Rexpro Enterprises IPO

Interested investors can apply to the Rexpro Enterprises IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul. 

Rexpro Enterprises IPO Review

Rexpro Enterprises IPO may get a positive response from the general public. The company is involved in the furniture manufacturing business. So, investors interested in the manufacturing sector can apply to this IPO. 

This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Rexpro Enterprises IPO GMP live will also rise. 

Rexpro Enterprises IPO FAQ

1. What are the details of the Rexpro Enterprises IPO?

Rexpro Enterprises IPO is a book-built issue of Rs 53.65 crore. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 47.13 crores and offer-for-sale is of Rs 6.53 crores.

2. When will the Rexpro Enterprises IPO open and close?

Rexpro Enterprises IPO open date is 22 January 2025 and closing date is 24 January 2025. The initiation of the refund date is 28 January 2025, and the credit of shares will be on 28 January 2025.

3. What is Rexpro Enterprises IPO GMP Today?

Rexpro Enterprises IPO GMP is Rs 18 per share. The IPO GMP today indicates the huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription is oversubscribed, then Rexpro Enterprises IPO GMP might rise in the coming days.

4. What are the details of Rexpro Enterprises IPO Subscription Status Live?

Rexpro Enterprises IPO subscription status will be available after the IPO opens on 16 January 2025. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

5. Write the details of the IPO Allotment Status Live?

Rexpro Enterprises IPO allotment status live will be finalised on 27 January 2025. The listing will be on the NSE SME platform on 29 January 2025. The registrar of this IPO is Cameo Corporate Services Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for the Rexpro Enterprises IPO?

Rexpro Enterprises IPO registrar is Cameo Corporate Services Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. The lead managers are Horizon Management Private Limited.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?