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Rex Pipes and Cables IPO is a fixed price issue of Rs 6.24 crores.
Rex Pipes and Cables IPO bidding started from July 28, 2021 and ended on August 2, 2021. The allotment for Rex Pipes and Cables IPO was finalized on Thursday, August 5, 2021. The shares got listed on NSE SME on August 10, 2021.
Rex Pipes and Cables IPO price is ₹26 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹104,000.
Navigant Corporate Advisors Ltd is the book running lead manager of the Rex Pipes and Cables IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Rex Pipes and Cables IPO RHP for detailed information.
| IPO Date | July 28, 2021 to August 2, 2021 |
| Listing Date | August 10, 2021 |
| Face Value | ₹10 per share |
| Price | ₹26 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,400,000 shares (aggregating up to ₹6.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,200,000 |
| Share holding post issue | 8,600,000 |
| Market Maker portion | 120,000 shares |
Rex Pipes and Cables IPO offers 2,400,000 shares. 1,140,000 (47.50%) to NII, 1,140,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 120,000 (5.00%) |
| Other Shares Offered | 1,140,000 (47.50%) |
| Retail Shares Offered | 1,140,000 (47.50%) |
| Total Shares Offered | 2,400,000 (100%) |
Rex Pipes and Cables IPO opens on July 28, 2021, and closes on August 2, 2021.
| IPO Open Date | Wednesday, July 28, 2021 |
| IPO Close Date | Monday, August 2, 2021 |
| Basis of Allotment | Thursday, August 5, 2021 |
| Initiation of Refunds | Friday, August 6, 2021 |
| Credit of Shares to Demat | Monday, August 9, 2021 |
| Listing Date | Tuesday, August 10, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 2, 2021 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹104,000 |
| Retail (Max) | 1 | 4000 | ₹104,000 |
| Lot Size Calculator | |||
Mr. Sharwan Kumar Kaler and Mrs . Sohani Devi are the company promoters.
| Share Holding Pre Issue | 84.65% |
| Share Holding Post Issue | 61.03% |
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.
Competitive strengths
| Particulars | For the year/period ended (₹ in Lacs) | ||||
|---|---|---|---|---|---|
| 31-Jan-21 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 3,811.00 | 3,382.79 | 3,270.87 | 2,704.16 | |
| Total Revenue | 4,438.80 | 3,206.87 | 3,774.94 | 3,516.41 | |
| Profit After Tax | 100.66 | 77.50 | 130.66 | 127.40 | |
[Dilip Davda] The company has posted inconsistencies in its top and bottom lines. Super earnings in pre-IPO year raise concern. Based on its latest financial data, the issue is fully priced. Risk savvy investors may consider investment for the long term. Read detail review...
The Rex Pipes and Cables IPO is subscribed 23.99 times on August 2, 2021 5:36:00 PM. The public issue subscribed 41.13 times in the retail category, times in the QIB category, and 6.84 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 6.84 |
| Retail | 41.13 |
| Total | 23.99 |
| Listing Date | August 10, 2021 |
| BSE Script Code | |
| NSE Symbol | REXPIPES |
| ISIN | INE00D001018 |
| Final Issue Price | ₹26 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹26.00 |
| ₹26.70 |
| ₹26.50 |
| ₹28.00 |
| ₹26.80 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: rexpipes.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Rex Pipes and Cables IPO is a SME IPO of 2,400,000 equity shares of the face value of ₹10 aggregating up to ₹6.24 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000 Shares.
The IPO opens on July 28, 2021, and closes on August 2, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rex Pipes and Cables IPO using UPI as a payment gateway. Zerodha customers can apply in Rex Pipes and Cables IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rex Pipes and Cables IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rex Pipes and Cables IPO opens on July 28, 2021 and closes on August 2, 2021.
Rex Pipes and Cables IPO lot size is 4000 Shares, and the minimum amount required is ₹104,000.
You can apply in Rex Pipes and Cables IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rex Pipes and Cables IPO will be done on Thursday, August 5, 2021, and the allotted shares will be credited to your demat account by Monday, August 9, 2021. Check the Rex Pipes and Cables IPO allotment status.
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