Rex Pipes and Cables Industries Ltd IPO Detail
Incorporated in 2002, Rex Pipes and Cables Industries Ltd is engaged in the trading and manufacturing of PVC pipes, HDPE pipes, cables, and fittings under the "Rex" brand name. It offers a wide range of products including three core flat cables, PVC & HDPE pipes, single-core flexible home wire, HDPE and sprinklers, and cables that are used by different industries i.e. agriculture, power, construction, and engineering.
It has ultra-modern state of art manufacturing facilities in Sikar. The company further undertakes manufacturing and fabrication of bus bodies under the brand "Rex Coaches" with a total capacity of 600 buses per year. It offers distinctive types of products for the passenger transport industry i.e. city buses, school buses, intercity coaches, executive buses, commercial road container trucks, and others.
Competitive strengths
- Rex Group of Industries is one of the leading manufacturers of PVC Pipes and fittings.
- A prominent manufacturer of bus bodies (School buses, tourist buses, sleeper coaches, etc.).
- Geographically diversified presence with domestic sell across different states of India and export to Nepal.
- Diversified product portfolio and strong brand identity.
- Strategically located manufacturing facilities.
Company Promoters
Mr. Sharwan Kumar Kaler and Mrs . Sohani Devi are the company promoters.IPO Details
| IPO Opening Date | Jul 28, 2021 |
| IPO Closing Date | Aug 02, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹26 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹6.24 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.83x | 4.93x | 3.38x | |
| Day 2 | - | - | 2.15x | 15.36x | 8.76x |
IPO Tentative Timetable
The Rex Pipes and Cables Industries Ltd IPO open date is Jul 28, 2021, and the close date is Aug 02, 2021. The issue may list on Aug 10, 2021.
| IPO Open Date | Jul 28, 2021 |
| IPO Close Date | Aug 02, 2021 |
| Basis of Allotment Date | Aug 05, 2021 |
| Initiation of Refunds | Aug 06, 2021 |
| Credit of Shares to Demat Account | Aug 09, 2021 |
| IPO Listing Date | Aug 10, 2021 |
IPO Lot Size
The Rex Pipes and Cables Industries Ltd IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹104000 |
| Maximum | 1 | 4000 | ₹104000 |
IPO Promoter Holding
| Pre Issue Share Holding | 84.65% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Jan-21 | 38.11 | 44.38 | 1.00 |
| 31-Mar-20 | 33.82 | 32.06 | 0.77 |
| 31-Mar-19 | 32.70 | 37.74 | 1.30 |
| 31-Mar-18 | 27.04 | 35.16 | 1.27 |
Objects of the Issue:
- To partly finance the working capital requirements.
- Meet general corporate purposes.
- Meet issue expenditures.
