Rex Pipes and Cables Industries Ltd IPO
NSE SME₹104,000 / 4000 Shares
Rex Pipes and Cables Industries Ltd IPO Details
The Rex Pipes and Cables Industries Ltd IPO price band is set between ₹26 per equity share, with a face value of ₹10 per share. The issue is managed by KFintech Private Limited, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 28 Jul, 2021 and closes on 2 Aug, 2021. Investors can check the allotment status on 6 Aug, 2021, while the listing date is tentatively scheduled for 10 Aug, 2021.
The total issue size is 2,400,000 Eq Shares of ₹10 , aggregating up to ₹6.24 Cr. Stay tuned for the latest Rex Pipes and Cables Industries Ltd IPO review and GMP updates.
Rex Pipes and Cables Industries Ltd IPO Review, Rating & Analysis
Rex Pipes and Cables Industries Ltd IPO Review
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Rex Pipes and Cables Industries Ltd IPO Highlights
IPO Date
Jul 28, 2021 - Aug 2, 2021
Listing Date
10 Aug, 2021
Face Value
₹10 Per Equity Share
Price Band
₹26 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Rex Pipes and Cables Industries Ltd IPO Lot Size
The minimum market lot for Rex Pipes and Cables Industries Ltd IPO is 4000 shares with an application amount of ₹1,04,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹1,04,000 |
| Retail (Max) | 1 | 4000 | ₹1,04,000 |
| S-HNI (Min) | 2 | 8000 | ₹2,08,000 |
| S-HNI (Max) | 9 | 36000 | ₹9,36,000 |
| B-HNI (Min) | 10 | 40000 | ₹10,40,000 |
Rex Pipes and Cables Industries Ltd IPO Timeline
Issue Price
₹26 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
KFintech Private LimitedLead Manager
Navigant Corporate Advisors LtdIssue Size
2,400,000 Eq Shares of ₹10 (aggregating up to ₹6.24 Cr)Rex Pipes and Cables Industries Ltd IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Jan 21 | 38.11 | 44.38 | 1.01 | - | - | - |
| 31 Mar 20 | 33.82 | 32.06 | 0.77 | - | - | - |
| 31 Mar 19 | 32.70 | 37.74 | 1.30 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Sharwan Kumar Kaler
- Mrs . Sohani Devi
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 84.65% | 61.03% |
About Company
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.
Rex Pipes and Cables Industries Ltd IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 11,40,000 | 1,140,000 | 2,280,000 |
Day 1 -28-07-21 07:00 PM | 1.37 x | 1.67 x | 1.52 x |
Day 2 -29-07-21 05:00 PM | 2.15 x | 12.08 x | 7.11 x |
Day 3 -30-07-21 05:00 PM | 2.59 x | 22.00 x | 12.29 x |
Day 4 -02-08-21 05:00 PM | 6.84 x | 41.13 x | 23.99 x |
Frequently Asked Questions about Rex Pipes and Cables Industries Ltd IPO IPO
When will Rex Pipes and Cables Industries Ltd IPO open for subscription?
The Rex Pipes and Cables Industries Ltd IPO opens on 28 Jul, 2021 and closes on 2 Aug, 2021.
What is the investors portion for Rex Pipes and Cables Industries Ltd IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 1140000.
How to apply for Rex Pipes and Cables Industries Ltd IPO?
You can apply for Rex Pipes and Cables Industries Ltd IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Rex Pipes and Cables Industries Ltd IPO?
The issue size of Rex Pipes and Cables Industries Ltd IPO is approx ₹2,400,000 Eq Shares of ₹10 (aggregating up to ₹6.24 Cr) crores.
What is the price band of Rex Pipes and Cables Industries Ltd IPO?
The price band for Rex Pipes and Cables Industries Ltd IPO is ₹26 per equity share to ₹undefined.
What is the lot size of Rex Pipes and Cables Industries Ltd IPO?
The minimum bid (lot size) for Rex Pipes and Cables Industries Ltd IPO is N/A shares with an investment of approx ₹104,000 .
What is the allotment date of Rex Pipes and Cables Industries Ltd IPO?
The allotment date for Rex Pipes and Cables Industries Ltd IPO is 6 Aug, 2021.
What is the listing date of Rex Pipes and Cables Industries Ltd IPO?
The listing date for Rex Pipes and Cables Industries Ltd IPO is expected to be 10 Aug, 2021.
What is the GMP of Rex Pipes and Cables Industries Ltd IPO?
The latest Grey Market Premium (GMP) for Rex Pipes and Cables Industries Ltd IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.