Rex Pipes & Cables Industries Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,140,000 (48%) | — | ₹296 Cr |
| Retail | — | 1,140,000 (48%) | — | ₹296 Cr |
| Market Maker | — | 120,000 (5%) | — | ₹3 Cr |
| Σ Total | — | 2,400,000 (100%) | — | ₹6,240 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹104,000 |
| Retail (Max) | 13 | 52,000 | ₹1,352,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,456,000 |
| B-HNI (Min) | 67 | 268,000 | ₹6,968,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Jan-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 4,439 | 3,207 | 3,775 |
| Profit After Tax | 101 | 78 | 131 |
| Total Assets | 3,811 | 3,383 | 3,271 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To part finance the requirement of Incremental Working Capital – 4.50
- 2 To meet General corporate purposes – 1.44
Company Overview
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.