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| Issue Open | Jul 28, 2021 |
| Issue Close | Aug 2, 2021 |
| IPO Price | ₹26 |
| Face Value | ₹10 |
| IPO Size | ₹6.24 Cr |
| Listing At | NSE SME |
| IPO Lot Size | 4000 |
Rex Pipes and Cables IPO subscribed 23.99 times. The public issue subscribed 41.13 times in the retail category, [.] times in QIB, and 6.84 times in the NII category by Aug 2, 2021.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 6.84 |
| Retail Investors | 41.13 |
| Employees | [.] |
| Others | [.] |
| Total | 23.99 |
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1 | 1.37 | 1.67 | 1.52 |
Day 2 | 2.15 | 12.08 | 7.11 |
Day 3 | 2.59 | 22.00 | 12.29 |
Day 4 | 6.84 | 41.13 | 23.99 |
Rex Pipes and Cables IPO is a public issue of 2,280,000 equity shares. The issue offers 1,140,000 shares to retail investors, 0 shares to qualified institutional buyers, and 1,140,000 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| NII | 1,140,000 | 50.00% |
| Retail | 1,140,000 | 50.00% |
| Total | 2,280,000 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The Rex Pipes and Cables IPO is subscribed 23.99 by Aug 2, 2021.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | [.] |
| Non Institutional | 6.84 |
| Retail Individual | 41.13 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 23.99 |
An investor can apply in Rex Pipes and Cables IPO online via bank (using ASBA) or the broker (using UPI). The Rex Pipes and Cables IPO shares are offered online only.
The Rex Pipes and Cables IPO is subscribed 23.99 by Aug 2, 2021.
The Rex Pipes and Cables IPO allotment status is expected on or around Aug 5, 2021. Visit Rex Pipes and Cables IPO allotment status to check.
Visit Rex Pipes and Cables IPO subscription status page for real-time bidding information about Rex Pipes and Cables IPO.
| IPO Opens On | Jul 28, 2021 |
| IPO Closes On | Aug 2, 2021 |
| Finalisation of Basis of Allotment | Aug 5, 2021 |
| Initiation of Refunds | Aug 6, 2021 |
| Credit of Shares to Demat Account | Aug 9, 2021 |
| IPO Listing Date | Aug 10, 2021 |
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
