Rex Pipes and Cables IPO will open for subscription from 28 July 2021. the company aims for an issue size of ₹6.24 Crore through this Fixed price issue IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Rex Pipes and Cables Industries Ltd
Incorporated in 2002, Rex Pipes and Cables Industries Ltd is engaged in the trading and manufacturing of PVC pipes, HDPE pipes, cables, and fittings under the “Rex” brand name. It offers a wide range of products including three core flat cables, PVC & HDPE pipes, single-core flexible home wire, HDPE and sprinklers, and cables that are used by different industries i.e. agriculture, power, construction, and engineering.
It has ultra-modern state of art manufacturing facilities in Sikar. The company further undertakes manufacturing and fabrication of bus bodies under the brand “Rex Coaches” with a total capacity of 600 buses per year. It offers distinctive types of products for the passenger transport industry i.e. city buses, school buses, intercity coaches, executive buses, commercial road container trucks, and others.
Objects of the Issue
- To partly finance the working capital requirements.
- Meet general corporate purposes.
- Meet issue expenditures.
Competitive strengths
- Rex Group of Industries is one of the leading manufacturers of PVC Pipes and fittings.
- A prominent manufacturer of bus bodies (School buses, tourist buses, sleeper coaches, etc.).
- Geographically diversified presence with domestic sell across different states of India and export to Nepal.
- Diversified product portfolio and strong brand identity.
- Strategically located manufacturing facilities.
Rex Pipes and Cables IPO Details
| IPO Opening Date | 28 July 2021 |
| IPO Closing Date | 02 August 2021 |
| Issue Size | 2,400,000 Eq Shares of ₹10 (aggregating up to ₹6.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹26 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Application Amount | ₹104,000 |
| Listing At | NSE SME |
Company Promoters
- Mr. Sharwan Kumar Kaler
- Mrs . Sohani Devi
Lead Manager
- Navigant Corporate Advisors Ltd
Rex Pipes and Cables IPO Registrar
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: rexpipes.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
Rex Pipes and Cables Industries Ltd
F-69A, RIICO Industrial Area
Sikar, Rajasthan-332 001
Phone: + 91 1572-245009
Email: info@rexpumps.com
Website: http://www.rexpumps.com/
Final thoughts
Rex Pipes and Cables IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing