Rexpro Enterprises came to market through an SME IPO that opened on 22 January 2025 and closed on 24 January 2025, and the shares listed on 29 January 2025 on NSE SME. The price band was ₹145 per share and one lot was 1000 shares, so the minimum application was ₹1,45,000. The issue size was ₹53.65 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Cameo Corporate Services Limited was the registrar to the issue, and Horizon Management Private Limited was the lead manager.
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Rexpro Enterprises Limited, a furniture manufacturer in Vashi, Maharastra was incorporated in March 2012. The company started as a furniture and fixture business for retailers and acquired clients across multiple retail segments of fashion, lifestyle, electronics, grocery, beauty, telecom etc. The company manufactures furniture for offices, hospitals, government offices, and the growing home segment.
Its key clients are 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 facilities in Vashi, Maharastra. The staff strength of the company is at 65 employees permanently while a further 126 are employed on contractual basis. Nine are on its subsidiary payroll over and above 65 employees as of September 30, 2024.
As described in the offer document.
Minesh Anilbhai Chovatia, Premal Niranjan Shah, Ragesh Deepak Bhatia, Ravishankar Sriramamurthi Malla. Promoter holding 100% before the issue and 66.99% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Rexpro Enterprises IPO was a ₹53.65 crore fixed-price issue, comprising a fresh issue of ₹47.13 crore and an offer for sale of ₹6.53 crore. It was priced at ₹145 per share with a lot size of 1,000 shares (₹1,45,000). The IPO was open from January 22 to January 24, 2025. Shares listed on NSE SME on January 29, 2025 at ₹117, a 19.3% discount to the issue price of ₹145. Cameo Corporate Services Limited is the registrar.
Horizon Management Private Limited is the book running lead manager.
The issue price of Rexpro Enterprises IPO is ₹145 per share (fixed price).
The lot size of Rexpro Enterprises IPO is 1000 shares.
The minimum investment for Rexpro Enterprises IPO is approximately ₹1,45,000 based on the issue price.
The allotment date of Rexpro Enterprises IPO is Jan 27, 2025.
Rexpro Enterprises IPO's final recorded GMP before listing was ₹9 per share (a 6% premium over the ₹145 upper price band). The shares listed at ₹117. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Rexpro Enterprises IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Rexpro Enterprises IPO allotment status on Rupix for quick and easy access.
₹145 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,45,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,45,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 22 January 2025 and closed on 24 January 2025.
The basis of allotment was published on 27 January 2025 by Cameo Corporate Services Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 29 January 2025 on NSE SME.
The issue size was ₹53.65 crore. The fresh issue was 32,50,000 shares (aggregating up to ₹47.13 crore). The offer for sale was 4,50,000 shares (aggregating up to ₹6.53 crore).