Rex Pipes IPO Details

Rex Pipes IPO 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
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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)

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