Rex Pipes IPO Details
Rex Pipes IPO description – Rex Pipes and Cables Industries is engaged in the trading and production of uPVC pipes, HDPE pipe, cables, fittings and abundance of accessories under the brand name “REX”. The brand “REX” is the hall mark showcasing the entire product range. The company produces three core flat cables , single core flexible home wire , poly wrapped winding wire along with UPVC, HDPE and sprinklers. Its products are used in various industries such as agriculture, power, construction and engineering.
Its manufacturing facilities are located at B-99, IInd Phase, Industrial Growth Centre, V.P.O, Palsana Sikar; E-128, IID, Palsana Sikar; E-129, IID, Palsana Sikar and F-69A, RIICO Industrial Area, Sikar, Rajasthan-332 001. At the Palsana facility, the company has also set up a plant for manufacuturing of bus body and fabrication of bus bodies with a capacity of 600 buses per year. The company has set up a state of state of art facility of manufacturing of buses with a brand name “Rex Coaches”.
Promoters of Rex Pipes and Cables Industries – Mr Sharwan Kumar Kaler and Mrs Sohani Devi
| Rex Pipes IPO details | |
| Subscription Dates | 28 July – 2 August 2021 |
| Price Band | INR26 per share |
| Fresh issue | 24,00,000 shares (INR6.24 crore) |
| Offer For Sale | Nil |
| Total IPO size | 24,00,000 shares (INR6.24 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Rex Pipes financial performance (in INR lakhs)
| FY2018 | FY2019 | FY2020 | Upto 31 Jan 2021 | |
| Revenue | 3,516.41 | 3,774.94 | 3,206.87 | 4,438.80 |
| Expenses | 3,194.64 | 3,345.54 | 2,735.93 | 4,031.07 |
| Net income | 127.40 | 130.66 | 77.50 | 100.66 |
| Net margin (%) | 3.6 | 3.5 | 2.4 | 2.3 |
Registrar of Rex Pipes IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli,
Nanakramguda, Hyderabad – 500 032,
Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com
Valuation of Rex Pipes IPO (FY2020)
Earnings Per Share (EPS): INR1.25
Price/Earnings (PE ratio): 20.8
Return on Net Worth (RONW): 15.31%
Net Asset Value (NAV): INR16.80 per share
Rex Pipes IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 |
1.45 |
| Day 2 |
6.75 |
| Day 3 |
11.68 |
| Day 4 |
23.99 |
Rex Pipes Contact Details
Rex Pipes and Cables Industries Limited
F-69A, RIICO Industrial Area,
Sikar, Rajasthan-332 001
Phone: +91 1572-245009
Email: [email protected]
Website: www.rexpumps.com
Rex Pipes IPO Allotment Status
Rex Pipes and Cables IPO allotment status will be available on KFin Technologies’ website. Click on this link to get allotment status.
Listing Performance of Rex Pipes
IPO Opening Date: 28 July 2021
IPO Closing Date: 2 August 2021
Finalisation of Basis of Allotment: 5 August 2021
Initiation of refunds: 6 August 2021
Transfer of shares to demat accounts: 9 August 2021
Listing Date: 10 August 2021
Opening Price on NSE SME: INR26.70 per share (up 2.69% from IPO price)
Closing Price on NSE SME: INR26.80 per share (up 3.08% from IPO price)
