Rex Pipes & Cables Industries Ltd IPO Details with Share Price Range and Issue Size | Motilal Oswal
Rex Pipes & Cables Industries Ltd IPO Details with Share Price Range and Issue Size | Motilal Oswal

Rex Pipes & Cables Industries Ltd IPO Details with Share Price Range and Issue Size

Opening Date

July 28, 2021

Closing Date

August 02, 2021 

Face Value

Rs. 10 per equity share

IPO Price 

Rs. 26 per equity share

Minimum Order Quantity

4,000 equity shares 

Issue Size 

2,400,000 equity shares (Rs. 6.24 crores) 

 

Rex Pipes & Cables Industries is another company from the SME segment to come out with an upcoming IPO in the month of July, 2021. Wondering about the key Rex Pipes & Cables Industries IPO details? Don’t worry, we’re here to help you out. Continue reading to find out more about this IPO. 

  • About the company 

Rex Pipes & Cables Industries is a Jaipur-based company that was incorporated in 2002. As the name itself suggests, the company’s primary business revolves around the manufacture of pipes and cables. The product portfolio of Rex Pipes & Cables Industries include HDPE pipes, PVC pipes, three core flat cables, and single-core flexible home wire, among others.

All of the products manufactured by the company are marketed and sold under the ‘Rex’ brand name. The company’s products are used by a plethora of industries including agriculture, power, and construction, among others. In addition to manufacturing pipes and cables, the company is also involved in the fabrication of vehicle bodies under its ‘Rex Coaches’ brand name.   

  • Rex Pipes & Cables Industries IPO details

Now that you’ve gotten a fair idea of the company, let’s now move onto the key details of the upcoming IPO including the Rex Pipes & Cables Industries IPO date and Rex Pipes & Cables Industries IPO share price. 

  • Rex Pipes & Cables Industries IPO date

The opening date of the latest IPO of Rex Pipes & Cables Industries has been notified as July 28, 2021, whereas the closing date would be August 02, 2021.  

  • Rex Pipes & Cables Industries IPO issue size

The IPO issue of the company consists of only a fresh issue of shares. The company is looking to issue around 24,00,000 fresh equity shares aggregating around Rs. 6.24 crores. 

  • Rex Pipes & Cables Industries IPO share price

The upcoming IPO of Rex Pipes & Cables Industries is a fixed price issue. And so, the company has notified the IPO share price as Rs. 26 per equity share. 

  • Rex Pipes & Cables Industries IPO listing 

The company’s shares would be listed on the National Stock Exchange’s SME platform - EMERGE. 

  • Rex Pipes & Cables Industries IPO objectives

The net proceeds from the IPO are proposed to be used for the following objectives. 

- For funding working capital requirements 

- For meeting general corporate expenses

Conclusion

With Motilal Oswal, you can open a demat account online for free; all it takes is a few minutes. So, what are you waiting for? Open one right now and get yourselves ready to invest in the latest IPO of Rex Pipes & Cables Industries Limited.  

Before commencing online trading, always remember to open a demat account and trading account with a trusted and reliable financial partner.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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