Rex Pipes and Cables Brings Out IPO

Rajasthan based Rex Pipes and Cables Industries Ltd. (RPCIL) has launched it’s IPO on 28^th July 2021 which will be open for subscription until 2^nd August 2021.

Rex Pipes and Cables Details and Objective of IPO Issue

Rex Pipes and Cables Industries Ltd. (RPCIL) is offering its IPO of 24,00,000 equity shares at face value of Rs. 10 each and issue price of Rs. 26 per share for issue size of Rs. 6.24 Crore. The company has stated that the objective of its IPO issue is to part finance its working capital requirements and meet general corporate fund requirements alongwith expenses of the issue. Minimum application is to be made for lot size of 4000 shares. Post allotment, shares will be listed on the NSE SME Emerge platform.

Company’s current paid-up equity capital of Rs. 6.20 Crore will stand enhanced to Rs. 8.60 Crore post issue. Issue constitutes 27.91% of the post issue paid-up equity capital of the company. RPCIL will be spending around Rs. 0.30 Crore for this IPO process.

Based on the issue price, RPCIL is looking for a market cap of Rs. 22.36 Crore.

Financial Performance of RPCIL

RPCIL has in the investor prospectus has provided the below financial details.

Revenue and net profit details of the company YOY:

Earnings Per Share and Net Assets Value per Share:

About Rex Pipes and Cables

Rex Pipes and Cables incorporated on 9^th July 2002, and is involved in trading and manufacturing of PVC pipes, HDPE pipe, Cables, fittings range under the brand name “REX”. Rex’s wire and cable range includes three core flat cables, single core flexible home wires, poly wrapped winding wire etc. Other products include monoset water pumps and sprinkler systems.

Rex also houses an engineering division where it carries out bus-bodybuilding activities under brand name ‘Rexcoaches’.

More can be checked from the company’s website: https://www.rexpumps.com/investor.php