Rex Pipes and cables Industries Ltd

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:

  1. Mr. Sharwan Kumar Kaler (Designation: Managing Director)
  2. 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_Status

BSE IPO Website:


Company Contact Info:
Rex Pipes and cables Industries Ltd
F-69A, RIICO Industrial Area, Sikar,
Rajasthan-332 001.
Tel: + 91 1572-245009, 245765, 245976


IPO Registrar Info:
Selenium Tower-B,
Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032,
Tel No. +91 40 6716 2222
Email Id-


Lead Manager to the Issue:
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-