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 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 Date Jul 28, 2021 to Aug 2, 2021
    Listing Date Tuesday, August 10, 2021
    Face Value ₹10 per share
    Price ₹26 per share
    Lot Size 4000 Shares
    Issue Size2,400,000 shares of ₹10
    (aggregating up to ₹6.24 Cr)
    Issue Type Fixed Price Issue IPO
    Listing At NSE SME
    Company Promoters

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

    Rex Pipes and Cables IPO Tentative Timetable

    Rex Pipes and Cables IPO opens on Jul 28, 2021, and closes on Aug 2, 2021. The Rex Pipes and Cables IPO bid date is from Jul 28, 2021 10.00 A.M. to Aug 2, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

    Event Tentative Date
    Opening Date Jul 28, 2021
    Closing Date Aug 2, 2021
    Basis of Allotment Aug 5, 2021
    Initiation of Refunds Aug 6, 2021
    Credit of Shares to Demat Aug 9, 2021
    Listing Date Aug 10, 2021

    Rex Pipes and Cables IPO Lot Size

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

    Application Lots Shares Amount
    Retail (Min) 1 4000 ₹104,000
    Retail (Max) 1 4000 ₹104,000

    Rex Pipes and Cables IPO Promoter Holding

    Pre Issue Share Holding 84.65%
    Post Issue Share Holding 61.03%

    Rex Pipes and Cables IPO Review

    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...

    Rex Pipes and Cables IPO Subscription Status (Bidding Detail)

    The Rex Pipes and Cables IPO is subscribed 23.99 times on Aug 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)

    CategorySubscription (times)

    Rex Pipes and Cables IPO Prospectus

    Rex Pipes and Cables IPO Rating

    Rating:Rated 3.8 stars
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    Rex Pipes and Cables IPO Listing Date

    Listing Date Tuesday, August 10, 2021
    BSE Script Code
    Listing In ST Group of Securities
    ISIN INE00D001018
    IPO Price ₹26 per share
    Face Value ₹10 per share

    Listing Day Trading Information

    IPO Price
    Last Trade

    Company Contact Information

    Rex Pipes and Cables Industries Ltd
    F-69A, RIICO Industrial Area
    Sikar, Rajasthan-332 001

    Phone: + 91 1572-245009

    Rex Pipes and Cables IPO Registrar

    KFin Technologies Limited

    Phone: 04067162222, 04079611000

    Rex Pipes and Cables IPO Review

    Rex Pipes and Cables IPO Recommendation Summary

    Review By Subscribe Neutral Avoid
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    Members 0 0 0

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    Rex Pipes and Cables IPO FAQs

    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 Jul 28, 2021, and closes on Aug 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

    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.

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

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

    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.

    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.

    The Rex Pipes and Cables IPO listing date is on Tuesday, August 10, 2021.
    Open an Instant Account with Zerodha

    Rex Pipes and Cables IPO Message Board

    Ranked Members of Forum  Ranked Members | Most Liked Members



    17. Rambabu |   Link |Aug 10, 2021 8:16:44 AM
    Anybody received allotment/refund?
    17.1. Lifelong Learner |   Link |Aug 10, 2021 9:07:31 AM
    Alloted and visibile in my zerodha.
    16. Perry statham |   Link |Aug 9, 2021 2:27:10 PM
    Kindly advise on how to get refund for this IPO, I have cancelled on same day 30/07/2021, still the amount is on hold since 10 days.
    16.2. Perry statham |   Link |Aug 9, 2021 6:05:17 PM
    I talked to bank and from bank side everything is clean till now.

    Kindly help me with email ID for registrar and exchange please,

    Just started dealing before 20 days

    Sorry for the trouble

    Many thanks
    16.3. John Snow |   Link |Aug 9, 2021 8:03:35 PM
    Top Contributor Top Contributor (200+ Posts)
    Registrar email is written on this page. I am non- judgemenal but curious-- you started dealing 20 days back and landed in SME IPO. I applied for 1 year in mainline, watched SMEs for 2 years, studied 10 years data of SMEs before applying in 1st SME.
    15. Niel |   Link |Aug 8, 2021 11:54:31 PM
    What is expected listing? Any inputs from grey market? Shall I hold it if listed less than 30?
    15.1. IPOANALYSIS |   Link |Aug 9, 2021 11:00:29 AM
    Hold and do not sell. It is PVC pipe which have huge demand. Pvc pipe company are ruling at 40 pe and this one is price less than 20 pe. Topline growing . This should easily double in few months. Infact buy if given a chance
    14. MAHESH Pund |   Link |Aug 7, 2021 8:50:36 AM
    Hello Sir,

    My money is stuck in Rexpipes IPO and I couldn''t find out whether it is I got it or not

    How to find out Rex pipes allotment status ?

    14.1. Lifelong Learner |   Link |Aug 8, 2021 9:19:56 AM
    If alloted you would have received email from kfintech and bse and also sms. If not yet received means your money will be refunded, wait for some time.
    13. PSR |   Link |Aug 6, 2021 3:56:06 PM
    IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
    Risk taken.

    Applied for 87 lots.
    13.1. John Snow |   Link |Aug 6, 2021 4:16:06 PM
    Top Contributor Top Contributor (200+ Posts)
    Mota bhai is excited.😀 Wrong group.
    12. IPO applied |   Link |Aug 5, 2021 3:33:55 PM
    Any news on IPO allotment for Rex Pipes?
    11. DHARMESH M VIRADIYA |   Link |Jul 31, 2021 11:40:20 PM
    Allotment &refund date??
    11.5. IPOANALYSIS |   Link |Aug 5, 2021 11:34:10 PM
    Lifelong did u apply in retail or HNI
    11.6. Lifelong Learner |   Link |Aug 6, 2021 1:25:29 AM
    Applied in retail, 1 lot, ASBA in SBI
    10. IPO mining |   Link |Jul 30, 2021 6:00:56 PM
    millions of oppertunities to earn a rupee and once in a million oppertunity to earn a million... Go after the rupee since u may not be able to find one in a million
    9. Vikas Lohia |   Link |Jul 30, 2021 1:04:55 PM
    Have we ever seen any instance that a listed SME company later got listed in the main NSE exchange? Has this ever happened?
    9.1. MAHADEVAN KS |   Link |Aug 1, 2021 1:58:40 PM
    One company I remember is ICE MAKE REGRIGERATION which got migrated into main board.
    9.2. an Investor |   Link |Aug 2, 2021 1:29:40 PM
    They are not re-listed, after a couple of years they are migrated to Main board.
    I guess it means they become part of small cap universe
    8. Small Investor |   Link |Jul 30, 2021 12:01:53 PM
    IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
    8.1. Small Investor |   Link |Aug 10, 2021 2:17:50 PM
    IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
    Hold if any one got Allotment tgt 30
    7. MAHADEVAN KS |   Link |Jul 23, 2021 1:43:44 PM
    Issue looks good but declining Porfit is a concern. Could be due to Covid.
    7.2. SNA |   Link |Jul 29, 2021 8:25:52 AM
    Because of expansion previous FY so the depreciation effect on profit.EBITA is increasing .there is no decline of profit I think
    7.3. John Snow |   Link |Jul 29, 2021 12:26:14 PM
    Top Contributor Top Contributor (200+ Posts)
    Bhai SNA, ab to fully subscribe ho gaya. Ab rehne do. Kaam ho gaya tumhara. Jyeda bologe to negative effects hi padega.
    6. Bharat vaishnavi |   Link |Jul 28, 2021 5:15:47 PM
    Anyone want to Buy SME IPO application in Gray Market.. Contact me
    6.1. John Snow |   Link |Jul 28, 2021 6:07:27 PM
    Top Contributor Top Contributor (200+ Posts)
    Application cancel kar do. Abhi time hai.
    5. Scrip |   Link |Jul 23, 2021 6:21:58 PM
    Top Contributor Top Contributor (200+ Posts, 100+ Likes)
    Top and bottom line both are not consistent.
    Top 10 customer contribute 46% of the revenue.
    Operating Cash flow is negative.
    5.1. SNA |   Link |Jul 28, 2021 5:42:42 AM
    Top 10 customer sharing revenue less than 50 % I think it''s positive point it means company business clients are diversified.
    4. RAJAKUMAR |   Link |Jul 24, 2021 12:21:02 PM
    IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
    Dear Splendid
    Now a days very risky.
    Unless good LM we should not apply.
    4.4. SNA |   Link |Jul 27, 2021 12:15:27 AM
    Company into pipe segment and their region they are leader so I feel not any risk on company
    4.5. SNA |   Link |Jul 28, 2021 5:45:57 AM
    I agree with this point LM and company both is very pivotal role play. Company into manufacturing having good capacity of plant so I don''t think they will fly by night. Another merchant banker recent issue gave 40 % listing gain .
    3. Adv. B Bhamu |   Link |Jul 23, 2021 4:11:46 PM
    Seems ipo is good from financial & vision of promoters. Pls suggest more for this, if any body have any information.
    2. Splendid |   Link |Jul 23, 2021 12:59:27 PM
    Top Contributor Top Contributor (200+ Posts, 100+ Likes)

    It looks good to apply. Whats your say on it?
    1. Splendid |   Link |Jul 23, 2021 12:59:05 PM
    Top Contributor Top Contributor (200+ Posts, 100+ Likes)

    It looks good to apply. Whats your say on it?