Listed below are 10 key issues traders have to find out about Rexpro Enterprises IPO earlier than subscribing to the difficulty.
1) Rexpro Enterprises IPO measurement
The IPO is a mixture of contemporary fairness sale of 32.5 lakh shares and a suggestion on the market (OFS) of Rs 6.53 crore.
2) Rexpro Enterprises IPO value band
The corporate is providing its shares at Rs 145 apiece, and traders can bid for 1000 shares in 1 lot.
3) Rexpro Enterprises IPO GMP
Within the gray market, the corporate’s shares have been buying and selling with a GMP of Rs 48, indicating a premium of 33% over the difficulty value.
4) About Rexpro Enterprises
Rexpro Enterprises is a rising diversified product manufacturing firm based mostly out of Maharashtra. The corporate began as a one
cease answer to fulfill the furnishings and fixture necessities for retailers and bought purchasers throughout a number of retail segments comparable to trend, life-style, electronics, grocery, magnificence, telecom and so forth.
5) Trade Overview
The organised retail market in India has 12% share of the whole retail market and has a progress price of 10% over 2021-32. Rising demand for organized retail house has helped create a capability of 120 million sq. toes (MSF) in retail house throughout main Indian cities.
6) Rexpro Enterprises monetary efficiency
For the interval ended March 2024, the corporate clocked whole revenues of Rs 83 crore and web revenue of Rs 5.18 crore.
7) Objects of the provide
The online proceeds from the general public provide will likely be used for buy of kit and renovate manufacturing unit, funding of working capital necessities, pursuing inorganic progress, and normal company functions.
8) Lead managers and Registrar
Horizon Administration is performing because the lead supervisor to the difficulty and Cameo Company Companies is the registrar.
9) Situation construction
About 50% of the provide is reserved for retail traders and the remainder 50% for non-retail traders.
10) Vital dates
The IPO will open on January 22 and can shut on January 24. The ultimate allotment will seemingly be made on January 27. The corporate’s shares will seemingly get listed on January 29.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t characterize the views of Financial Instances)
