Rexpro Enterprises IPO
- IPO Date22 Jan, 2025 to 24 Jan, 2025
- Listing Date29 Jan, 2025
- Face Value₹10 per share
- Issue Price-
- Lot Size1000 Shares
- Minimum Investment₹0
- Listing AtNSE SME
- Total Issue Size37,00,000 Shares
- Fresh Issue32,50,000 Shares
- Offer for Sale4,50,000 Shares
- Issue TypeFixed Price Issue IPO
- Share holding pre issue79,56,460
- Shareholding post issue1,12,06,460
IPO Dates
Closing Date
24 Jan, 2025
Initiation of Refunds
28 Jan, 2025
Listing Date
29 Jan, 2025
22 Jan, 2025
Opening Date
27 Jan, 2025
Basis of Allotment
28 Jan, 2025
Credit of Shares
Rexpro Enterprises Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,45,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 2000 | ₹2,90,000 |
| Retail (Max) | 1 | 1000 | ₹1,45,000 |
Rexpro Enterprises Promoter Holding
The Promoters of the company are Minesh Anilbhai Chovatia, Premal Niranjan Shah, Ragesh Deepak Bhatia and Ravishankar Sriramamurthi Malla.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 66.99% |
Rexpro Enterprises COMPANY INFORMATION
Rexpro Enterprises IPO is a fixed price issue of Rs 53.65 crores. The issue is a combination of fresh issue of 32.50 lakh shares aggregating to Rs 47.13 crores and offer for sale of 4.50 lakh shares aggregating to Rs 6.53 crores. Rexpro Enterprises IPO opens for subscription on January 22, 2025 and closes on January 24, 2025. The allotment for the Rexpro Enterprises IPO is expected to be finalized on Monday, January 27, 2025. Rexpro Enterprises IPO will list on NSE SME with tentative listing date fixed as Wednesday, January 29, 2025. Rexpro Enterprises IPO price is ₹ 145 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,45,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,90,000. Horizon Management Private Limited is the book running lead manager of the Rexpro Enterprises IPO, while Cameo Corporate Services Limited is the registrar for the issue.The market maker for Rexpro Enterprises IPO is Giriraj Stock Broking Private Limited.
Incorporated in March 2012, Rexpro Enterprises is a furniture manufacturing company in Vashi Maharastra. The company started as a furniture and fixture business for retailers and acquired clients across multiple retail segments such as fashion, lifestyle, electronics, grocery, beauty, telecom etc.
The company manufactures furniture for offices, hospitals, government offices, and the growing home segment.
The company's clients include 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 has three manufacturing units in Vashi, Maharastra.
As of September 30, 2024, the total employee strength of the company is 65 employees permanently, and a further 126 are on a contractual basis. Nine employees are on the payroll of its subsidiary over and above 65 employees.
Competitive Strength
- Diverse product range with the ability to produce customized products.
- Strong Quality Control and Ethical Business Practices
- Versatile and Multiple Manufacturing facilities
- Long-term relationship with Key customers
- Experienced Management Team
Rikhav Securities IPO
IPO Overview and Key Highlights
Rikhav Securities, a Mumbai-based company specializing in financial and securities services, is offering its Initial Public Offering (IPO). The IPO comprises a fresh issue of 83,28,000 equity shares and an Offer for Sale (OFS) of 20,00,000 equity shares, totaling 1,03,28,000 equity shares with a face value of ₹5 each. The proceeds will be used to enhance working capital, expand operations, and fulfill general corporate purposes. The shares will be listed on the BSE SME platform.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: 1,03,28,000 equity shares
- Face Value: ₹5 per share
- Offer Price: To be determined
- Offer Opens: January 15, 2025
- Offer Closes: January 17, 2025
- Listing Exchange: BSE SME
Company Overview
Incorporated in 1995 and headquartered in Mumbai, Rikhav Securities provides a wide range of financial services, including wealth management, equity trading, and investment advisory. Promoters include Hitesh Himatlal Lakhani, Rajendra N Shah, and others who bring decades of experience in the financial services sector.
Financial Overview
Rikhav Securities has demonstrated stable financial performance over the years, driven by robust demand for financial advisory and trading services. The IPO proceeds are expected to support its operational growth, diversify service offerings, and meet working capital requirements.
Key Strengths of Rikhav Securities
- Industry Expertise: Established track record in financial services and securities.
- Experienced Promoters: Led by seasoned professionals with decades of industry experience.
- Diverse Service Portfolio: Offers a broad range of financial products and services.
IPO Pros and Cons
Pros
- Sectoral Growth: Increasing demand for wealth management and financial advisory services.
- Operational Expansion: Proceeds to enhance service offerings and market presence.
- Established Market Reputation: Strong brand recognition in the financial services sector.
Cons
- Market Dependency: Revenue tied to market conditions and investor activity.
- Competitive Landscape: Faces competition from established financial services firms.
- Regulatory Risks: Must comply with evolving SEBI and other financial regulations.
Risk Factors
Investors should consider the following risks:
- Economic Sensitivity: Revenue influenced by fluctuations in the stock market and economy.
- Operational Challenges: Scaling operations while maintaining service quality.
- Regulatory Compliance: Adherence to financial and securities regulations.
Conclusion
The Rikhav Securities IPO offers an opportunity to invest in an established financial services provider with a strong market presence. With its experienced leadership and diverse service offerings, Rikhav Securities is well-positioned for growth. However, potential investors should evaluate risks related to market dependency, regulatory compliance, and competition before making an investment decision.
FAQs About Rexpro Enterprises Ipo
Rexpro Enterprises IPO will open on 22 Jan, 2025 and close on 24 Jan, 2025. Investors must apply within this period to participate.
The Rexpro Enterprises IPO price band is set between ₹145.00 and ₹0.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹0.00.
The Rexpro Enterprises IPO shares are expected to be listed on 29 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Rexpro Enterprises IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Rexpro Enterprises IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.