Rex Pipes and Cables IPO opens today i.e. 28th July 2021 and closes on 2nd August 2021. The company got incorporated in the year 2002 and commences its business thereafter. Rex Pipes and Cables are engaged in delivering services related to trading and manufacturing PVC market products like PVC pipes, Cables, HDPE pipes, and fittings. The company is manufacturing all their products under the reputed brand name “REX”. Furthermore, the Rajasthan-based plastic product company caters to services to various industries like agriculture, construction, power, and engineering.
The company is devoted to grabbing the PVC product market with remarkable quality thereby delivering environmentally friendly PVC pipes and unswerving customer support. Moreover, the company has its own production units in Palsana and Sikar with an adequate installed capacity.
In the modern era, where everything is becoming automated. They are also implementing their automation technology. As a result, productivity increases to meet the demands of the consumers.
Moreover, the company is using conventional-based energy which reduces our electric cost thereby utilizing their own solar plant.
So, if you are planning to buy a subscription here is a guide which depicts the analysis of our expert:
Promoters of the Company
Mr. Sharwan Kumar Kaler and M/s Sohani Devi are the two promoters of the company.
Issuance of Shares
Issue size: Rs. 6.24 crore
Face value: Rs. 10 per equity share
Listing on: NSE & SME
The Objective of the Issuance of Shares
- In order to fulfill partly the needs of working capital requirements.
- To meet general corporate purposes.
- To meet the expenses of the issue.
IPO Share Price
The company decides the price band at Rs.26 per equity share.
Retailers Reserved Lot size
Up to 1 lot i.e. 4000 shares which makes a total of Rs. 104,000 are valid for subscription, in the case of the retail individual investors.
IPO Opening and Closing date
The Rex Pipes and Cables IPO is likely to open for subscription on 28th July 2021 and will close on 02nd August 2021.
Lot size and Minimum number of shares
Each lot size includes a total of 4000 shares. Therefore, an investor should subscribe for a minimum count of 4000 shares only.
Allotment of Shares
The allotment of shares will be done on 05th August 2021.
IPO listing date
The IPO listing date of Rex Pipes and Cables IPO is yet to decide.
Trendy Analysis
Rex Pipes and Cables is a growing company in the field of pipes, cables, and related accessories. But, the company has testified an inconsistency in the financial books of the company just before an IPO year. Consequently, not a good sign for short-term traders. Long-term investors may buy a subscription and hold for an adequate period of time. Therefore, they may buy an IPO in order to avail the benefits of long-term listing gains.