Rexpro Enterprises Ltd. IPO

We are a growing diversified product manufacturing company based out of Vasai, Maharashtra. We Started as a one stop solution to meet the furniture and fixture requirements for retailers and acquired clients across multiple retail segments such as fashion, lifestyle, electronics, grocery, beauty, ... telecom etc. We have made complete standalone stores, shop in shops, kiosks and displays for leading global brands and several of large Indian retailers. Further, given our multi-material manufacturing capability for customised products, we have diversified into commercial and institutional furniture for offices, hospitals, government offices etc., and also the growing home segment. Further, we have developed industrial products like racks, cabinets and trolleys. India has witnessed a high growth in the infrastructure sector in which roads and metros are an integral part. To enter and excel in this sector we are manufacturing sound barriers which are now installed on a few flyovers in Mumbai helping to reduce noise pollution and providing a better environment to the neighbourhood. We have also ventured into products with high potential such high precision double doors used at Metro stations (platform screen doors) for better safety and prevention of accidents at the stations. These have been conceptualised and manufactured in-house. Given the boom of online retail and growth in the logistics sector, in our subsidiary, we have undertaken the manufacturing of racking systems and fixtures catering specially to the warehousing industry. Our products are mainly made from wood and metal or a combination and we also use various support materials like laminates, paints, acrylic, prints, solid surfaces, LEDs etc. for accessorising and finishing up to the final products. All processes are in house to ensure quality and adhere to timelines. We also undertake turnkey projects for end to end solution which includes designing, manufacturing and installing all products required and offer such services across India. Our business model is B2B (Business-to-Business) and we have clients from several business verticals owing to the diverse range of products we manufacture. While our manufacturing is all based out of Vasai, Maharashtra, we service pan India requirements. Most of the clients we do business with have been regularly purchasing from us over the years and have also made us their long term vendors. We cater to some large companies and brands such as Shoppers Stop Limited, One RX India Private Limited (Samsung), Hindustan Unilever, Lenskart, Marks & Spencer Reliance India Private Limited, and Godrej & Boyce Mfg. Co. Limited. Read more

Our Company manufactures furniture and fixtures for retail, commercial, industrial, Infrastructure and warehousing industries. The Indian retail sector is highly fragmented with more than 90% of its business being run by the unorganized retailers like the traditional family run stores and corner ... stores. The organized retail however is at a very nascent stage. In 2022, traditional retail, organised retail and E-commerce segments accounted for 81%, 12% and 8% of the market, respectively, The organised retail market in India has 12% share of the total retail market and has a growth rate of 10% over 2021-32. Increasing demand for organized retail space has helped create a capacity of ~120 million square feet (MSF) in retail space across major Indian cities. Major Indian cities include Delhi (23.7 MSF) and Mumbai (16.7 MSF). Rapid urbanization has led to increased traffic on roads and bridges, particularly in urban areas. The construction of new flyovers and elevated roads to accommodate this growth has heightened the need for sound barriers to protect communities from noise pollution. The warehousing sector in India has undergone significant transformation in recent years. Driven by the rise of e-commerce, advancements in technology, and policy reforms, organized warehousing space has expanded rapidly. India's warehousing industry is a critical component of the logistics sector, contributing to the efficient storage and distribution of goods. Traditionally, the sector was highly fragmented, dominated by small, unorganized players. However, with the advent of modern supply chain requirements, there has been a marked shift towards organized warehousing. The organized warehousing sector in India was valued at approximately USD 12 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 20-25% over the next five years. The total warehousing space across India stood at around 265 million square feet in 2022, with organized space contributing to approximately 30% of this. The organized warehousing space is expected to reach 500 million square feet by 2025. We have also ventured into products with high potential such high precision double doors used at Metro stations (platform screen doors) for better safety and prevention of accidents at the stations. These have been conceptualised and manufactured in-house. There are more than 725 metro stations present in India and more than 2,000 in the pipeline. One station requires approximately 16 doors on one side so 32 doors approximately per station. Only 5% or less of metro stations have platform screen doors. Read more