Rexpro Enterprises Limited, a leader in the manufacturing of furniture and fixtures, has become a prominent name in multiple sectors, including retail, commercial, industrial, infrastructure, and warehousing. Based in Vashi, Maharashtra, the company specializes in in-house manufacturing, particularly catering to sound barriers used in infrastructure projects and double doors for metro stations. Its diverse portfolio and strong client base, which includes names like Shoppers Stop, Samsung, Marks & Spencer, and Hindustan Unilever, position Rexpro Enterprises as a key player in the sector.

The Rexpro Enterprises IPO opens on January 22, 2025, and will close on January 24, 2025, with an IPO price band set at ₹145 per equity share. The market capitalization at this price is ₹162.49 Crores, indicating solid financial backing. The lot size of the IPO is 1,000 shares, meaning that retail investors will need to invest at least ₹1,45,000 to participate. The allotment date is set for January 27, 2025, with the listing date expected on January 29, 2025.

The company plans to use the funds raised to invest in the purchase of new equipment and factory renovations worth ₹2,500 Lakh, and to support its working capital requirements with ₹1,000 Lakh. These efforts will help Rexpro Enterprises meet growing demand and fuel its inorganic growth plans. Additionally, part of the funds will be directed toward general corporate purposes.

Financial Performance and Valuation
Rexpro Enterprises has demonstrated impressive financial growth over the years, with revenues from operations increasing steadily. The company reported ₹4,956.47 Lakh in revenue for the period ending September 30, 2024, and its profit after tax (PAT) for the same period was ₹408.27 Lakh. The earnings per share (EPS) stands at ₹5.69 pre-issue, with a price-to-earnings ratio (P/E) of 25.48x, well below the industry average of 40x, suggesting that the IPO is reasonably priced.

Given the company's robust financials and high return on equity (ROE) of 56.24%, it offers a solid investment opportunity for risk-taking investors. The Grey Market Premium (GMP), currently at ₹21, points toward a listing gain of 14.48%, making this IPO attractive for those looking for potential short-term gains.

Rexpro Enterprises IPO Subscription Status
The IPO saw excellent demand, with the subscription reaching 3.66 times on the second day of its subscription period. This high demand indicates strong investor interest, further supporting the IPO’s expected listing gains.

How to Check Allotment Status
The allotment for the Rexpro Enterprises IPO will be finalized on January 27, 2025. Investors can easily check their allotment status by visiting the Registrar's website. Simply select Rexpro Enterprises Limited IPO from the dropdown, enter your application number or PAN, and view the results. This user-friendly process ensures that investors can track their investments effectively.

Should You Apply for Rexpro Enterprises IPO?
Given its steady financial growth, strong client base, and reasonable valuation, we recommend risky investors to consider applying for the Rexpro Enterprises IPO. The GMP of ₹21 and the company’s growth prospects make this IPO a promising opportunity for those looking for short-term gains.

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