Rexpro Enterprises Limited IPO

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Rexpro Enterprises Limited has evolved from a provider of furniture and fixture solutions for retailers to a diversified manufacturing company. Their expertise spans multiple product categories, enabling them to serve clients across retail, commercial, industrial, and institutional segments.

i. Retail Fixtures and Displays: They began by offering complete solutions for standalone stores, shop-in-shops, kiosks, and displays for major brands in fashion, electronics, grocery, beauty, telecom, and lifestyle segments.

ii. Commercial and Institutional Furniture: Leveraging their multi-material manufacturing capabilities, they expanded into furniture for offices, hospitals, government establishments, and the burgeoning home furniture market.

iii. Industrial Products: Their offerings include high-quality racks, cabinets, and trolleys, catering to industrial and warehousing needs.

iv. Infrastructure Solutions:
a. Sound Barriers: Addressing the growing infrastructure sector, they manufacture sound barriers, which are now installed on flyovers in Mumbai, helping reduce noise pollution.
b. Platform Screen Doors (PSDs): They’ve ventured into high-precision products such as double doors for metro stations, designed to enhance safety and prevent accidents. These are conceptualized and manufactured in-house.

v. Warehousing and Logistics Solutions: In response to the e-commerce boom and logistics growth, their subsidiary specializes in manufacturing racking systems and fixtures for the warehousing industry.

Materials and Processes

Their products are primarily crafted from wood and metal, complemented by materials like laminates, paints, acrylic, LEDs, prints, and solid surfaces for aesthetic and functional finishes. All manufacturing processes are conducted in-house to ensure high quality and timely delivery.

Business Model and Clientele

Rexpro Enterprises operates under a B2B (Business-to-Business) model, catering to diverse verticals through an extensive range of products. With manufacturing centralized in Vasai, Maharashtra, they serve clients across India. Their strong customer relationships have resulted in repeat business and long-term vendor agreements with leading companies such as:
i. Shoppers Stop Limited                                                         ii. Samsung (One RX India Private Limited)
iii. Hindustan Unilever                                                            iv. Lenskart
v. Marks & Spencer Reliance India Private Limited          vi. Godrej & Boyce Mfg. Co. Limited

Strategic Positioning

Their strategic focus on innovation, quality, and diversification enables them to address growing demands across sectors. With their ability to design and deliver customized solutions for retail, infrastructure, and warehousing, Rexpro Enterprises is well-positioned to continue its growth trajectory and strengthen its presence in the Indian manufacturing landscape.

Objects of the Rexpro Enterprises Limited IPO:

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects: i. Purchase of Equipment and Renovation of Factory ii. Funding of working capital requirements of the Company. iii. Pursuing Inorganic Growth iv. General Corporate Expenses. Total number of share issue :- i. Fresh issue is 32,50,000 shares, ii. Offer for sale is 4,50,000 shares.

Rexpro Enterprises Limited IPO Details:

Open Date: Jan 22 2025
Close Date: Jan 24 2025
Total Shares: 37,00,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 53.65 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 145 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jan 29 2025

Promoters And Management:

Premal Niranjan Shah, an MBA from Welingkar Institute, Mumbai University (1998), brings over 20 years of business expertise and 12 years in manufacturing. He began his career at Lintas in 1999, managing high-profile brands like Lifebuoy. In 2002, he co-founded Rex Enterprises, focusing on promotional materials and brand displays. Ragesh Deepak Bhatia, an MBA in Marketing from Welingkar Institute of Management, is a seasoned professional with over 25 years of expertise in marketing and strategy. He began his career as a Senior Marketing Executive at Classic Stripes Pvt Ltd, refining his skills in client management and marketing strategies. Later, he joined Ogilvy & Mather in 1999 as a consultant, gaining extensive experience in digital printing and advertising. Ravishankar Sriramamurthi Malla, an MBA graduate in Marketing from Mumbai University, has over 10 years of corporate experience in marketing, retail rollouts, customer marketing, and procurement. His career includes impactful roles at Hindustan Unilever (2007) and L’Oréal (2014), where he refined his expertise and contributed to notable projects.

Financials of Rexpro Enterprises Limited IPO:

To be updated shortly.

Comparison With Peers:

To be updated shortly.

Recommendation on Rexpro Enterprises Limited IPO:

To be updated shortly.

Lead Manager of Rexpro Enterprises Limited IPO:

  1. Horizon Financial Pvt Ltd

Registrar of Rexpro Enterprises Limited IPO:

  1. Cameo Corporate Services Limited

Company Address:

Rexpro Enterprises Limited Building No 2, WING A & B Survey No -36, Hissa No 13, Waliv Village Dhumal Nagar, Valiv, Thane, Vasai-401208, Phone: +91 84848 32162 Email: cs@rexpro.co Website: https://www.rexpro.co/

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