Rexpro Enterprises IPO - Day 3 Subscription at 8.02 Times

resr 5paisa Research Team

Last Updated: 24th January 2025 - 06:27 pm

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Rexpro Enterprises' initial public offering (IPO) has demonstrated steady growth in investor interest over its three-day subscription period. The IPO showed consistent momentum, progressing from 2.85 times on day one, to 6.36 times on day two, and ultimately reaching 8.02 times by 10:49:59 AM on the final day.

Rexpro Enterprises IPO has seen particularly strong participation from retail investors, achieving 13.78 times subscription, while Non-Institutional Investors have shown moderate interest with 2.25 times subscription. As a fixed price issue, the steady growth in subscription rates indicates growing investor confidence in the company's business model.
 

Subscription Status of Rexpro Enterprises IPO:

Date NII  Retail Total
Day 1 (Jan 22) 0.80 4.89 2.85
Day 2 (Jan 23) 1.76 10.97 6.36
Day 3 (Jan 24)* 2.25 13.78 8.02

*As of 10:49:59 AM

Here are the subscription details for Rexpro Enterprises IPO as of Day 3 (24th January 2025, 10:49:59 AM):
 

Investor Category Subscription (times) Shares Offered Shares bid for Total Amount (Rs Cr.)
Market Maker 1.00 1,86,000 1,86,000 2.70
Non-Institutional Buyers 2.25 17,57,000 39,61,000 57.43
Retail Investors 13.78 17,57,000 2,42,20,000 351.19
Total 8.02 35,14,001 2,81,81,000 408.62

 

Note:
 

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Rexpro Enterprises IPO - Day 3 Subscription

Key Highlights: 

  • Overall subscription achieved solid 8.02 times on the final day
  • Retail investors leading with strong 13.78 times subscription
  • Non-Institutional Investors reached 2.25 times
  • Total bids worth ₹408.62 crores received
  • Applications reached 25,621 showing healthy retail participation
  • Market response indicating steady demand
  • Final day showing continued momentum
  • Retail segment demonstrating robust interest
  • Balanced participation maintaining growth trend

 

Rexpro Enterprises IPO - Day 2 Subscription at 6.36 Times

Key Highlights: 

  • Overall subscription progressed to 6.36 times
  • Retail investors showed strong growth reaching 10.97 times
  • Non-institutional investors improved to 1.76 times
  • Day two witnessed steady momentum
  • Market response indicating building confidence
  • Subscription trend showing consistent growth
  • Both segments demonstrated positive progress
  • Retail segment maintaining strong lead
  • Continued balanced participation

 

Rexpro Enterprises IPO - Day 1 Subscription at 2.85 Times

  • Overall subscription opened at 2.85 times
  • Retail investors began strongly at 4.89 times
  • Non-institutional investors started at 0.80 times
  • Opening day demonstrated positive response
  • Market showing early confidence
  • Initial momentum indicating good interest
  • Day one setting solid foundation
  • Retail segment leading from start
  • Early subscription meeting expectations

 

About Rexpro Enterprises Limited

Incorporated in March 2012, Rexpro Enterprises Limited has established itself as a specialized furniture manufacturing company based in Vashi, Maharashtra. The company has evolved from its initial focus on retail furniture and fixtures to serve diverse segments including offices, hospitals, government facilities, and the residential sector.

The company operates through three manufacturing units in Vashi, Maharashtra, serving an impressive client portfolio that includes major retail brands such as Shoppers Stop Limited, Samsung (One RX India Private Limited), Hindustan Unilever, Lenskart, Marks & Spencer Reliance India Private Limited, and Godrej & Boyce Mfg. Co. Limited.

Their workforce comprises 65 permanent employees and 126 contractual workers, with an additional nine employees in their subsidiary as of September 30, 2024. Their financial performance shows steady growth, with revenue of ₹49.56 crores and profit after tax of ₹4.08 crores for the period ended September 30, 2024.
 

Highlights of the Rexpro Enterprises IPO:

  • IPO type: Fixed Price Issue SME IPO
  • IPO size: ₹53.65 crores
  • Fresh Issue: ₹47.13 crores (32.50 lakh shares)
  • Offer for Sale: ₹6.53 crores (4.50 lakh shares)
  • Face value: ₹10 per share
  • Issue price: ₹145 per share
  • Lot size: 1,000 shares
  • Minimum investment for retail investors: ₹1,45,000
  • Minimum investment for HNI: ₹2,90,000 (2 lots)
  • Market maker reservation: 1,86,000 shares
  • Listing at: NSE SME
  • IPO opens: 22nd January 2025
  • IPO closes: 24th January 2025
  • Allotment date: 27th January 2025
  • Refund initiation: 28th January 2025
  • Credit of shares: 28th January 2025
  • Listing date: 29th January 2025
  • Lead Manager: Horizon Management Private Limited
  • Registrar: Cameo Corporate Services Limited
  • Market Maker: Giriraj Stock Broking Private Limited

 

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