Rex Pipes and Cables Industries Limited
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Following its successful public offering, Rex Pipes and Cables Industries Limited's made its market debut on Aug 10, 2021 and is now actively traded on the NSEplatform. The IPO mobilized 24,00,000 Shares in total capital, including TBD in primary equity infusion.
The offering was structured with a price band of ₹26 to ₹26 and minimum investment lots of 4000 shares. Investor participation during the subscription window from Jul 28, 2021 to Aug 02, 2021 demonstrated market confidence in the company's prospects.
The allotment process concluded on Aug 05, 2021, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2002, Rex Pipes and Cables Industries Ltd is engaged in the manufacturing and trading of PVC and HDPE pipes, cables, and fittings under the "Rex" brand. Its product range includes flat cables, flexible home wires, sprinklers, and industrial pipes used across agriculture, power, construction, and engineering sectors. The company operates state-of-the-art manufacturing facilities in Sikar and also manufactures and fabricates bus bodies under the "Rex Coaches" brand, with an annual capacity of 600 buses, offering city buses, school buses, intercity coaches, executive buses, and commercial trucks.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading PVC Manufacturer: Rex Group is a top producer of PVC pipes and fittings.
- Bus Body Manufacturing: Produces school buses, tourist buses, sleeper coaches, and more.
- Geographically Diversified: Sells across India and exports to Nepal.
- Diversified Portfolio & Brand: Strong product range with a well-recognized brand identity.
- Strategic Manufacturing: Facilities located for operational efficiency.
NA
- Mr. Sharwan Kumar Kaler
- Mrs . Sohani Devi
Rex Pipes and Cables Industries Limited
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