Rex Pipes and Cables Industries

Rex Pipes and Cables Industries Ltd IPO Review

Rex Pipes and Cables Industries is occupied with the exchanging and creation of uPVC pipes, HDPE pipe, links, fittings and plenitude of embellishments under the brand name “REX”. The brand “REX” is the corridor mark displaying the whole item range. The organization produces three center level links , single center adaptable home wire , poly wrapped twisting wire alongside UPVC, HDPE and sprinklers. Its items are utilized in different businesses like farming, force, development and designing.

Its assembling offices are situated at B-99, IInd Phase, Industrial Growth Center, 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 office, the organization has likewise set up a plant for manufacturing of transport body and manufacture of transport bodies with a limit of 600 transports each year. The organization has set up a condition of condition of workmanship office of assembling of transports with a brand name “Rex Coaches”.

Subscription Dates28 July – 2 August 2021
Price BandINR26 per share
Fresh issue24,00,000 shares (INR6.24 crore)
Offer For SaleNil
Total IPO size24,00,000 shares (INR6.24 crore)
Minimum bid (lot size)4,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform
 

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

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

Listing Performance of Rex Pipes and Cables Industries Ltd IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

Rex Pipes and Cables Industries Ltd

Aug 10, 2021

26

26.8

3.08%

NSE : REXPIPESSM 

ISIN Code : INE00D001018

BSE : NA

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)

Rex Pipes and Cables Industries Limited
F-69A, RIICO Industrial Area,
Sikar, Rajasthan-332 001
Phone: +91 1572-245009
Email: info@rexpumps.com
Website: www.rexpumps.com

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: einward.ris@kfintech.com
Website: www.kfintech.com

Day

Subscription (no. of times)

Day 1

1.45

Day 2

6.75

Day 3

11.68

Day 4

23.99

Rex Pipes and Cables Industries Ltd IPO FAQ's

The Rex Pipes and Cables Industries Limited IPO is a SME IPO of ₹26 per equity share with a face value of ₹10 per equity share. 

The issue size is priced at 2,400,000 equity shares of ₹10 (aggregating up to ₹6.24 Crore). 

The initial public offering (IPO) begins on July 28, 2021 and ends on August 2, 2021.

The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and SME.

The Rex Pipes and Cables Industries Limited IPO opens on July 28, 2021 and closes on Aug 2, 2021. The IPO Issue date may list on Aug 10, 2021.

The Rex Pipes and Cables Industries Limited IPO Market lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

The finalization of Basis of Allotment for Rex Pipes and Cables Industries Limited IPO will be done on Aug 5, 2021, and the allotted shares will be credited to your demat account by Aug 6, 2021. Check the Rex Pipes and Cables Industries Limited IPO status.

The Rex Pipes and Cables Industries Limited IPO listing date is on Aug 10, 2021.

Rex Pipes and Cables Industries Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Rex Pipes and Cables Industries Ltd IPO Comments