Rex Pipes and Cables Industries Ltd IPO (Rex Pipes and Cables IPO) Detail

Jul 28, 2021 - Aug 2, 2021

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

  • Rex Group of Industries is one of the leading manufacturers of PVC Pipes and fittings.
  • A prominent manufacturer of bus bodies (School buses, tourist buses, sleeper coaches, etc.).
  • 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.

Company Promoters:

Mr. Sharwan Kumar Kaler and Mrs . Sohani Devi are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

  • To partly finance the working capital requirements.
  • Meet general corporate purposes.

  • Meet issue expenditures.
  • Rex Pipes and Cables IPO Details

    IPO Opening DateJul 28, 2021
    IPO Closing DateAug 2, 2021
    Issue TypeFixed Price Issue IPO
    Face Value₹10 per equity share
    IPO Price₹26 per equity share
    Market Lot4000 Shares
    Min Order Quantity4000 Shares
    Listing AtNSE SME
    Issue Size2,400,000 Eq Shares of ₹10
    (aggregating up to ₹6.24 Cr)

    Rex Pipes and Cables IPO Tentative Timetable

    The Rex Pipes and Cables IPO open date is Jul 28, 2021, and the close date is Aug 2, 2021. The issue may list on Aug 10, 2021.

    IPO Open DateJul 28, 2021
    IPO Close DateAug 2, 2021
    Basis of Allotment DateAug 5, 2021
    Initiation of RefundsAug 6, 2021
    Credit of Shares to Demat AccountAug 9, 2021
    IPO Listing DateAug 10, 2021

    Rex Pipes and Cables IPO Lot Size

    The Rex Pipes and Cables IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104,000).

    ApplicationLotsSharesAmount (Cut-off)
    Minimum14000₹104,000
    Maximum14000₹104,000

    Rex Pipes and Cables IPO Promoter Holding

    Pre Issue Share Holding84.65%
    Post Issue Share Holding

    Rex Pipes and Cables IPO Subscription Status (Bidding Detail)

    The Rex Pipes and Cables IPO is subscribed 23.99x times on Aug 2, 2021 17:36. The public issue subscribed 41.13x in the retail category, in the QIB category, and 6.84x in the NII category. Check Day by Day Subscription Details (Live Status)

    CategoryIPO Subscription
    NII

    6.84x

    RII

    41.13x

    Total

    23.99x

    Rex Pipes and Cables IPO Prospectus

    Rex Pipes and Cables IPO Rating

    188
    3.8
    Rating:Rated 3.8 stars

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    Rex Pipes and Cables IPO Reviews / Ratings

    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/

    Rex Pipes and Cables IPO Registrar

    KFintech Private Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: rexpipes.ipo@kfintech.com
    Website: https://karisma.kfintech.com/

    Rex Pipes and Cables IPO FAQs

    1. What is Rex Pipes and Cables IPO?

      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 equity share. The minimum order quantity is 4000 Shares.

      The IPO opens on Jul 28, 2021, and closes on Aug 2, 2021.

      KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

    2. How to apply in Rex Pipes and Cables IPO through Zerodha?

      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

      1. Visit the Zerodha website and login to Console.
      2. Go to Portfolio and click the IPOs link.
      3. Go to the 'Rex Pipes and Cables IPO' row and click the 'Bid' button.
      4. Enter your UPI ID, Quantity, and Price.
      5. ‘Submit’ IPO application form.
      6. Visit the UPI App (net banking or BHIM) to approve the mandate.

      Visit Zerodha IPO Application Process Review for more detail.

    3. When Rex Pipes and Cables IPO will open?

      The Rex Pipes and Cables IPO opens on Jul 28, 2021 and closes on Aug 2, 2021.

    4. What is the lot size of Rex Pipes and Cables IPO?

      Rex Pipes and Cables IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

    5. How to apply for Rex Pipes and Cables IPO?

      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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

    6. When Rex Pipes and Cables IPO allotment?

      The finalization of Basis of Allotment for Rex Pipes and Cables IPO will be done on Aug 5, 2021, and the allotted shares will be credited to your demat account by Aug 9, 2021. Check the Rex Pipes and Cables IPO allotment status.

    7. When is Rex Pipes and Cables IPO listing date?

      The Rex Pipes and Cables IPO listing date is not yet announced. The tentative date of Rex Pipes and Cables IPO listing is Aug 10, 2021.

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