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 2023 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.
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
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