About the Company:
Rex Pipes and cables Industries Ltd is engaged in the Trading and production/Manufacturing product range encompassing uPVC pipes, HDPE pipe, Cables, fittings and abundance of accessories under the brand name “REX”.
Rex group of Industries is in the business since last two decades and has emerged as one of India’s leading manufacturers in the field of PVC Pipes & Fittings and PVC insulated electrical wires.
Company produces excellent Three Core flat cables , Single Core Flexible Home wire , Poly Wrapped Winding wire along with UPVC, HDPE and sprinklers
Company offers a wide range of PVC pipes, HDPE pipe, Cables classified in a systematic manner to ensure easy and accurate selection, with the simultaneous advantage of providing the most cost-effective solutions for customers.
Company has established itself as an innovative leader and quality manufacturer by continuously upgrading its technology, modernizing manufacturing facilities and maintaining highest standards of quality and services.
Company’s Products:
- PVC pipes.
- HDPE pipe.
- HDPE Coil.
- Three Core flat cables.
- Single Core Flexible Home wire.
- Self Priming Pump.
- Sprinklers.
Application area of Company’s products:
Agriculture: Company is engaged in manufacturing insulated winding wire, 3 core flat cables and PVC & HDPE pipes.
Power: Company is engaged in manufacturing cables and low voltage power up to 1.1 KV in PVC categories meet the domestic and other global standards.
Construction: Company is also involved in manufacturing Flexible House wires and sell through dealer and distributor network.
Engineering: Company manufactured and supplied a vast range of screened cables to different semi government sectors and government projects through its distributors and dealers.
Company’s Manufacturing facility:
Company’s Manufacturing facilities located at B-99, IInd Phase, Industrial Growth Centre, V.P.O, Palsana Sikar; E- 128, IID, Palsana Sikar; E-129, IID, Palsana Sikar and F-69A, RIICO Industrial Area, Sikar, Rajasthan-332 001 are equipped with requisite utilities and modern infrastructure facilities.
Manufacturing of bus body and fabrication of bus bodies:
Company has set up a plant for manufacturing of bus body and fabrication of bus bodies with a capacity of 600 buses per year.
Company has set up a state of state of art facility of manufacturing of buses with a brand name “Rex Coaches”.
The Plant, designed with the flexibility to manufacture all types of vehicles, ranging from automobiles to trucks and from minivans to busses.
The Rex Coaches, a ‘Power House of Bus Body Design’ and driven by a ‘Passion for Innovation’ with Mass manufacturing capabilities catering to the various Indian OEMs, STUs, Fleet Operators and Educational Institutions.
Rex Coaches offers a wide Product Range covering various applications for passenger transport industry mainly: –
- City buses (Low floor,Semi-Low floor)
- Inter-City Coaches.
- School Buses.
- Executive Buses.
- Customized Vanity Van.
- Motor homes & Camper vans.
- Shipping Containers (20, 25 and 40 FT)
- Commercial Road Containers.
- Commercial Loading Trucks.
Product wise revenue Breakup: (in lakhs)
Management Team:
- Mr. Sharwan Kumar Kaler (Designation: Managing Director)
- Mr. Jitendra Kumar Kaler (Designation: Non Executive And Non Independent Director)
Objectives of the Issue:
Fresh Issue: (Rs. 6.24 cr)
- To part finance the requirement of Incremental Working Capital.
- To meet General corporate purposes.
- To meet the expenses of the Issue.
Positives for the Company:
Diversified Product Portfolio.
- Company has a varied product base to cater to the requirements of our customers. Company’s Product Portfolio includes diversified variety of Bus Manufacturing and uPVC Pipes & Fittings which are used in different sectors.
Strong brands in the pipes and fittings segment with over 15 years’ experience.
- Strong legacy of more than 15 years’ consumers have a strong loyalty in Rex brand, which has enabled company to consistently grow the brand.
Financials of the Company:
| (in Crores) | FY 18 | FY 19 | FY 20 | 31st Jan 2021 |
|---|---|---|---|---|
| Revenue | 35.16 | 37.74 | 32.06 | 44.38 |
| Net Profit | 1.27 | 1.30 | 0.77 | 1.00 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Rex Pipes and Cables Industries Ltd | 10 | 1.25 | 20.80 | 7.44% | 16.80 |
| Finolex Cables Ltd | 2 | 18.50 | 20.59 | 9.59% | 193.25 |
| Birla Cable Ltd | 10 | 2.73 | 22.14 | 4.87% | 56.10 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 28th July 2021 |
| Issue Closes on:. | 2nd August 2021 |
| Issue Price | Rs.26 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 Shares |
| Minimum Investment | Rs.1,04,000 |
| Issue Constitutes | 27.90% |
| Issue Size | Rs.6.24 cr |
| Market Cap | Rs. 22.36 cr |
| Listing at | NSE SME |
| Equity Shares Offered | 24,00,000 |
| Equity Shares Prior to the Issue | 62,00,000 |
| Equity Shares after the Issue | 86,00,000 |
Also Read : List of Upcoming IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 5th August 2021 |
| Initiation of Refunds | on or Before 6th August 2021 |
| Credit of Equity Shares: | on or Before 6th August 2021 |
| Listing Date: | on or Before 10th August 2021 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.25 | 20.80 | 7.44% | 16.80 |
| Check IPO Allotment Status: |
|---|
KfinTech Website: http://kfintech/IPO/Allotment_StatusBSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| Rex Pipes and cables Industries Ltd F-69A, RIICO Industrial Area, Sikar, Rajasthan-332 001. Tel: + 91 1572-245009, 245765, 245976 Email: info@rexpumps.com Website: www.rexpumps.com |
| IPO Registrar Info: |
|---|
| KFIN TECHNOLOGIES PRIVATE LIMITED Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana Tel No. +91 40 6716 2222 Email Id- rexpipes.ipo@kfintech.com Website: www.kfintech.com |
| Lead Manager to the Issue: |
|---|
| NAVIGANT CORPORATE ADVISORS LIMITED 423, A Wing, Bonanza, Sahar Plaza Complex, J B Nagar, AndheriKurla Road, Andheri East, Mumbai-400 059 Tel No. +91-22-41204837/49735078 Email Id- navigant@navigantcorp.com Website: www.navigantcorp.com |
