Rexpro Enterprises IPO Allotment Status

Summary

Rexpro Enterprises Limited, established in March 2012, is a leading furniture manufacturing company based in Vashi, Maharashtra. The company specializes in manufacturing furniture for offices, hospitals, government institutions, and the growing home segment. It caters to multiple retail segments such as fashion, lifestyle, electronics, grocery, beauty, and telecom, with a strong clientele that includes Shoppers Stop Limited, Hindustan Unilever, Lenskart, and Godrej & Boyce Mfg. Co. Limited.

The company launched its Rexpro Enterprises IPO with a total issue size of ₹53.65 crore, comprising a fresh issue of ₹47.13 crore and an offer for sale of ₹6.53 crore. The IPO opened on January 22, 2025, and closed on January 24, 2025. The allotment date for the Rexpro Enterprises IPO is set for Monday, January 27, 2025.

Steps to Check Rexpro Enterprises IPO Allotment Status on Registrar Site

• Visit the Cameo Corporate Services Limited website.
• Select "Rexpro Enterprises IPO" from the dropdown menu on the allotment status page.
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field.
• Complete the captcha verification process and click on the "Submit" button to view your allotment status.

Steps to Check Rexpro Enterprises IPO Allotment Status on NSE

• Navigate to the NSE IPO Allotment Status Page.
• Choose "Rexpro Enterprises IPO" from the list of active IPOs in the dropdown menu.
• Input your Application Number and PAN ID in the required fields.
• Verify the captcha and click "Search" to check your allotment status.

Rexpro Enterprises Subscription Status

The IPO received considerable interest from investors, being subscribed 17.67 times overall. Here is a category-wise breakdown of the subscription as of 6:19:58 PM on January 24, 2025:

• Retail Category: 27.12 times
• Non-Institutional Investors (NII): 8.22 times
• Market Maker: 1.00 times

As of 6:19:58 PM

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

• Purchase of Equipment and Renovation of Factory: To enhance production capacity and modernize facilities.
• Working Capital Requirements: Supporting the company’s operational growth and future projects.
• Inorganic Growth: Funding strategic acquisitions to expand the company’s market presence.
• General Corporate Purposes: Covering miscellaneous expenses as per regulations.

Rexpro Enterprises IPO - Listing Details

The shares are scheduled to list on Wednesday, January 29, 2025, on the NSE SME platform. The IPO price was fixed at ₹145 per share, and the minimum lot size was 1,000 shares, requiring a minimum investment of ₹1,45,000 for retail investors.

The IPO’s subscription rate of 17.67 times reflects significant investor confidence in Rexpro Enterprises' business model and growth potential. The company has demonstrated strong financial performance, with revenue increasing to ₹83.01 crore in FY24. With its diverse product range, experienced management team, and established relationships with key clients, Rexpro Enterprises is poised for continued success.

Investors can check their allotment status through the registrar’s website or NSE on January 27, 2025. The shares are set to debut on January 29, 2025, marking a major milestone in the company’s growth journey.