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Rexpro Enterprises IPO
Price Band
₹
Issue Size
₹53.65 Cr
Lot Size
1,000 shares
Min Investment
₹145,000
GMP
+₹10.0 (6.9%)
Issue Price
₹145.0
Subject to Sauda
₹7600
Paid only if allotted
Rexpro Enterprises IPO AI Summary
- Rexpro Enterprises IPO is listed on NSE SME in the Furniture, Home Furnishing sector.
- Subscription window: 22 Jan–24 Jan 2025, listing on 29 Jan 2025.
- Current GMP is +₹10.0 (6.9%) — unofficial and can change daily.
Rexpro Enterprises Limited is a furniture manufacturer with a strong client base and diverse product offerings. The IPO aims to raise funds for equipment purchase, working capital, and other corporate expenses. Investors should consider the company's financial performance and market conditions when evaluating this investment opportunity.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Rexpro Enterprises IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Jan 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Rexpro Enterprises IPO Grey Market Premium (GMP) Today
GMP
+₹10.0
GMP %
+6.9%
Est. Listing
₹155.0
Updated: 25 Jul 2026 14:15
About the Company
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
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 50.54 | 39.95 | 27.87 |
| Total Income | 49.56 | 83.01 | 62.89 |
| Profit After Tax | 4.08 | 5.18 | 0.63 |
| NET Worth | 13.08 | 9.22 | 4.69 |
| Reserves and Surplus | 5.12 | 8.96 | 4.43 |
Key Ratios
EPS
₹5.69
NAV
₹11.58
ROE
56.24%
ROCE
62.21%
RoNW
56.24%
P/E Ratio
25.49
Market Cap
₹162.49 Cr
PAT Margin
6.25%
Debt/Equity
0.65
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Parin Furniture Limited | 3.92% | 137.18 | 2.77 | 2.77 |
| Naman In-store (india) Limited | 24.23% | 11.09 | 11.99 | 11.99 |
| Rexpro Enterprises Limited This IPO | 56.24% | 25.48 | 5.69 | 5.69 |
Promoters
Minesh Anilbhai Chovatia, Premal Niranjan Shah, Ragesh Deepak Bhatia and Ravishankar Sriramamurthi Malla
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase of Equipment and Renovation of Factory 25.00 2 Funding of Working Capital Requirement of the company 10.00 3 Pursuing Inorganic Growth 3.52 4 General Corporate Expenses 5.84 5 Issue Expenses 2.77 Total 47.13
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹62.89 Cr in the year ending 31 Mar 2023, increasing to ₹83.01 Cr by 31 Mar 2024. However, it decreased to ₹49.56 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.63 Cr in the year ending 31 Mar 2023, rising to ₹5.18 Cr by 31 Mar 2024. It then decreased to ₹4.08 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹145.0, Rexpro Enterprises has an implied P/E of 25.48 based on its earnings per share (EPS) of ₹5.69. This is compared to peers like Naman In-store (India) Limited, which has a P/E of 11.09, and Parin Furniture Limited, which has a P/E of 137.18.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before its official listing. A positive GMP suggests that the stock may list at a premium to its issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable investments with low risk may want to avoid IPOs like this, especially if they are uncomfortable with the potential for price fluctuations and market uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on January 22, 2025, and closes on January 24, 2025. Allotment of shares will be done by January 27, 2025, and the shares are expected to be listed on January 29, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the overall performance of the stock post-listing.
This evaluation is generated from Rexpro Enterprises's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Rexpro Enterprises IPO GMP today?
Rexpro Enterprises IPO GMP today is +₹10.0 (6.9%). GMP is an unofficial grey-market indicator and can change daily.
When does Rexpro Enterprises IPO open and close?
Rexpro Enterprises IPO opens on 22 January 2025 and closes on 24 January 2025.
When does Rexpro Enterprises IPO list on the stock exchange?
Rexpro Enterprises IPO listed on 29 January 2025 at ₹155.0.
What is the lot size for Rexpro Enterprises IPO?
The lot size for Rexpro Enterprises IPO is 1000 shares, requiring a minimum investment of ₹145,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹145,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹145.0.
When does the IPO open and close?
The IPO opens on January 22, 2025, and closes on January 24, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Jan 2025
Close
24 Jan 2025
Allotment
27 Jan 2025
Listing
29 Jan 2025
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