Rex Pipes and Cables IPO

Rex Pipes and Cables IPO Analysis

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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 Date28 July 2021
IPO Closing Date02 August 2021
Issue Size2,400,000 Eq Shares of ₹10
(aggregating up to ₹6.24 Cr)
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹26 per equity share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Application Amount₹104,000
Listing AtNSE 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

Company Contact Information

Rex Pipes and Cables Industries Ltd
F-69A, RIICO Industrial Area
Sikar, Rajasthan-332 001
Phone: + 91 1572-245009

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

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