Incorporated in March 2012, Rexpro Enterprises Limited 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
| Purpose | Amount (₹ Cr) |
|---|---|
| Purchase of Equipment and Renovation of Factory | — |
| Funding of working capital requirements of the Company. | — |
| Pursuing Inorganic Growth | — |
| General Corporate Expenses | — |
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 51 | 40 | 28 |
| Revenue | 50 | 83 | 63 |
| PAT | 4 | 5 | 1 |
| Net Worth | 13 | 9 | 5 |
| Reserves | 5 | 9 | 4 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 817,000 (22%) | — |
| Retail (RII) | — | 2,697,000 (73%) | — |
| Market Maker | — | 186,000 (5%) | — |
| Total | — | 3,700,000 (100%) | — |
* Amount calculated at upper price band (₹145) · ** Total includes all investor categories
- 1 Initiation of Refund 28 Jan 2025
- 2 Credit of Shares to Demat 28 Jan 2025
- Retail allocation is strong at 73% of the total offering.
- HNI/NII demand is strong at 22%.
- The IPO P/E of 21x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹6 compares to post-issue EPS of ₹7 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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