Rex Pipes & Cables Industries Ltd - IPO

Rex Pipes & Cables Industries Ltd IPO Details

Public issue of *upto 24,00,000 equity shares of face value of Rs. 10 each (equity shares) of Rex Pipes & Cables Industries Limited (the company or the issuer) for cash at a price of Rs. 26 per equity share, including a share premium of Rs. 16 per equity share (the issue price), aggregating Rs. 6.24 Crores (the issue), of which upto 1,20,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 26 per equity share, aggregating Rs. 0.31 Crores will be reserved for subscriptions by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of upto 22,80,000 equity shares of face value of Rs. 10 each cash at a price of Rs. 26 per equity share, aggregating Rs. 5.93 Crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.91% and 26.51% respectively 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 Rs. 26/- each i.e. 2.60 times the face value.

Objective of issue

To Part Finance the requirment of Working Capital. To Meet General Corporate Purpoese.

Rex Pipes & Cables Industries Ltd Contact Details

Rex Pipes & Cables Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@rexpumps.com

Website - https:, rpcil.com