Rex Pipes and Cables IPO is all set to make its debut on 28th July 21 with 6.24 Cr is a banking technology service provider that offers software and mobility solutions to the banking and finance sector.
Rex Pipes and Cables IPO – overview
| IPO Dates | 28 July- 2 Aug 2021 |
| IPO Price | INR 26 per share |
| Fresh issue | 2,400,000 shares (INR 6.24 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,400,000 shares (INR 6.24 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Rex Pipes and Cables IPO – Tentative Dates
| IPO Offer Opening Date | 28 July 2021 |
| IPO Closing Date | 2 Aug 2021 |
| Finalization of Basis of Allotment | 5 Aug 2021 |
| Initiation of refunds | 6 Aug 2021 |
| Transfer of shares to demat accounts | 6 Aug 2021 |
| IPO Listing Date | 10 Aug 2021 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
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.
Industry Overview
The Indian plastics industry made a promising beginning in 1957 with the production of polystyrene. Thereafter, significant progress has been made, and the industry has grown and diversified rapidly. The industry spans the country and hosts more than 2,000 exporters. It employs about 4 million people and comprises more than 30,000 processing units, 85-90% of which are small and medium-sized enterprises.
Competitive Strengths:
- Rex Group of Industries is one of the leading manufacturers of PVC Pipes and fittings.
- A prominent manufacturer of bus bodies.
- 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.
Objectives of the issue
- To partly finance the working capital requirements.
- Meet general corporate purposes.
- Meet issue expenditures.
Company Financials
| Particulars | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 3,382.79 | 3,270.87 | 2,704.16 |
| Total Revenue | 3,206.87 | 3,774.94 | 3,516.41 |
| Profit After Tax | 77.50 | 130.66 | 127.40 |
Company Contact Information
Rex Pipes and Cables Industries Ltd
F-69A, RIICO Industrial Area
Sikar, Rajasthan-332 001
Phone: + 91 1572-245009
Email: info@rexpumps.com
Website: http://www.rexpumps.com/
Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: rexpipes.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Lead Manager(s)
- Navigant Corporate Advisors Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
