Rexpro Enterprises IPO Allotment Status: Check Latest GMP, Steps to Verify
Rexpro Enterprises IPO allotment is scheduled for today, January 27, 2025. Founded in 2012, Rexpro Enterprises is a furniture manufacturing company. The IPO for Rexpro Enterprises Limited was open for bidding from January 22, 2025 to January 24, 2025. It will be listed on NSE SME with a tentative listing date fixed as Wednesday, January 29, 2025.
Steps to Check Rexpro Enterprises IPO Allotment Status on NSE
Here is the process to check Rexpro Enterprises Ltd IPO Allotment Status on NSE:
- Open the Application Status page of NSE here.
- Choose 'Equity & SME IPO bid details'.
- Select 'Rexpro Enterprises Ltd' from the list of companies.
- Enter your IPO application number and PAN details.
- Click on the submit button to check the details of the share allotment.
IPO Details
The Rexpro Enterprises IPO was open for bidding from January 22, 2025, to January 24, 2025, with the allotment scheduled today, Monday, January 27, 2025. The IPO, priced at ₹145 per share, is set to list on the NSE SME, with the listing date scheduled for Wednesday, January 29, 2025.
Use of Proceeds
The company plans to utilise the net proceeds from the issue to accomplish the following objectives:
- Purchase of Equipment and Renovation of Factory
- Funding of working capital requirements of the Company
- Pursuing Inorganic Growth
- General Corporate Expenses
Rexpro Enterprises Ltd IPO - Overall Subscription Status
(January 24, 2025, final day)
The Rexpro Enterprises IPO achieved an overall subscription of 18.23 times on the final day of bidding. Retail investors subscribed 27.11 times, and non-institutional investors (NII) subscribed 8.32 times to the public issue.
Rexpro Enterprises Ltd IPO GMP (Grey Market Premium) Details
The GMP (Grey Market Premium) for the Rexpro Enterprises IPO was currently ₹10 as of 24 Jan 2025, 05:37 PM, implying a premium of 7% over the IPO price, according to Livemint. As per the current Rexpro Enterprises Ltd IPO GMP trends, shares of the company are likely to be listed on NSE at ₹155 per share.
Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market, nor do we recommend or endorse trading in the grey market.
Rexpro Enterprises Limited Business Overview
Founded in March 2012, Rexpro Enterprises Limited has established a strong foothold in the furniture manufacturing industry. The company initially focused on providing furniture and fixtures for retailers across various segments such as fashion, lifestyle, electronics, grocery, beauty, and telecom.
Today, Rexpro Enterprises Limited caters to a diverse clientele including offices, hospitals, government offices, and the growing home segment. Its impressive client roster includes prominent names such as Shoppers Stop Limited, One RX India Private Limited (Samsung), Hindustan Unilever, Lenskart, Marks & Spencer Reliance India Private Limited, and Godrej & Boyce Mfg. Co. Limited.
With three manufacturing units strategically located in Vashi, Maharashtra, Rexpro Enterprises Limited is well-positioned to meet the growing demand for high-quality furniture across various sectors.
Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.