Rexpro Enterprises IPO Review

Rexpro Enterprises Limited, based in Vashi, Maharashtra, is a growing diversified product manufacturing company. It was originally incorporated as a private limited company on March 12, 2012, and later converted into a public limited company on August 9, 2024. Rexpro is known for its in-house manufacturing capabilities, offering a wide range of products such as racks, cabinets, trolleys, sound barriers, and high-precision double doors used in metro stations. The company caters to a diverse client base, including major players in the retail and infrastructure sectors.

The Company is promoted and managed by a team of professionals under the leadership of Premal Niranjan Shah (Chairman & Managing Director) -  has experience of more than 15 Years also holds an MBA from Welingkar Institute,  Whole Time Director (Ravishankar Sriramamurthi Malla , Minesh Anilbhai Chovatia and Ragesh Deepak Bhatia ) who has also experience of more than 10 Years.

The Revenues from operations for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 4,956.47 Lakh, ₹ 8,301.10 Lakh, ₹ 6,289.18 Lakh and ₹ 3,571.48 Lakh respectively. The EBITDA for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 627.96 Lakh, ₹ 808.55 Lakh, ₹ 165.24 Lakh, and ₹ 135.02 Lakh, respectively. The Profit after Tax for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 408.27 Lakh, ₹ 518.34 Lakh, ₹ 63.95 Lakh, and ₹ 51.61 Lakh respectively. This indicate a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 5.69 and post-issue EPS of ₹ 4.63 for FY24. The pre-issue P/E ratio is 25.48x, while the post-issue P/E ratio is 31.35x against the Industry P/E ratio is 40x. The company's ROCE for FY24 is 62.21% ROE for FY24 is 56.24% and RoNW 56.24%. The Annualised EPS based on the latest financial data is ₹ 9.70 and PE ratio is 14.95x. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Rexpro Enterprises showing potential listing gains of 14.48%. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Rexpro Enterprises Limited IPO for Listing gain.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.