Rexpro Enterprises Ltd - IPO

Rexpro Enterprises Ltd IPO Details

Initial public issue of up to 37,00,000 equity shares of face value of Rs. 10/- each of Rexpro Enterprises Limited for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] crores comprising of fresh offer of up to 32,50,000 equity shares aggregating to Rs. [*] crores (Fresh Offer) and an offer for sale of up to 1,12,500 equity shares each by Minesh Anilbhai Chovatia, Premal Niranjan Shah, Ragesh Deepak Bhatia and Ravishankar Sriramamurthi Malla i.e 4,50,000 equity shares (Selling Shareholders) aggregating to Rs. [*] crores (Offer for Sale)(The Offer) and up to [*] equity shares aggregating to Rs. [*] crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of up to [*] equity shares of face value of Rs. 10/- each at an offer price of Rs. [*] per equity share aggregating to Rs. [*] crores (Net Offer). The issue and the net issue will constitute [*] % and [*] % of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is [*] times of the face value.

Objective of issue

Purchase of equipment and renovation of factory. Funding of working capital requirements of the company. Pursuing inorganic growth. General corporate expenses.

Rexpro Enterprises Ltd Contact Details

Rexpro Enterprises Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@rexpro.co

Website - www.rexpro.co