Company Rex Pipes And Cables (IPO) Date, Price Band, Listing, Review, GMP, Allotment, Subscription Details with GMP

Read Rex Pipes And Cables (IPO) Date, Price Band, Listing, Review, GMP, Allotment, Subscription Details and company data and Grey market price in Comments, Article Published in Initial public offering section on e akhabaar

Another Initial Public Offer to knock on Dalal Street’s door. This time Rex Pipes and Cables are ready for listing on stock exchanges of India. No doubt this company also marks the impressions of success on every investor’s Demat portfolio. Here is the detail which is mandatory to be known before applying for this IPO. The IPO will be open from July 28, 2021, and will be closed on August 2, 2021. Let’s have brief look at it.

Rex Pipes And Cables (IPO) Date

The company Rex Pipes and Cables was incorporated in the year 2002 in Rajasthan, India. The primary and major work of the firm is manufacturing PVC Pipes, HDPE Pipes, Cables, and Fittings. All the products are manufactured and trade under the brand name ‘REX Coaches’. When we look out for the financials of the firm, we got some amazing results that are enough to attract investors during this IPO availability period.

 IPO Opening:  28 July 2021
 IPO Closing:  02 August 2021
 IPO Size:  Approx ₹6.24 Crore
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹26 Per Share
 Listing on:  NSE SME
 Retail Portion:  50%
 Equity:  24,00,000 Shares

As we already mentioned above that Rex Pipes and Cables IPO will be open from July 28, 2021. It will be closing soon on August 1, 2021. So make sure you have funds if you are willing to subscribe for this upcoming IPO.

Rex Pipes And Cables (IPO) Date Review

The Rex Pipes and Cables IPO issue size is Rs 6.21 Crore and the company is ready to raise this huge capital through this listing. Definitely, it will be the huge IPO of the month. There will be 24,00,000 shares available in this Public Issue.

Talk about the Rex Pipes and Cables IPO price then we want to inform you that shares are available at Rs 26 per share and the face value is Rs 10 per share.

Rex Pipes And Cables (IPO) Listing Date

Listing of this IPO will take place on National Stock Exchange (NSE) and Small & Medium Enterprises (SME). The listing date is finalised as of August 2021.

Basis of Allotment:  August 2021
 Refunds:  August 2021
 Credit to Demat Account:  August 2021
 Listing Date:  August 2021

In this various news, there is another surprising and exciting news available for all the retail investors. As per the details given by company underwriters, the 50 percent portion of the total quantity of shares is reserved for retail investors.

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