irfc ipo allotment status | Zerodha Rex Pipes and Cables IPO |rex pipes and cables ipo allottment result 2021
Rex Pipes and Cables IPO will be open for bidding from the 28th of July 2021. Bidding on the shares will close by the 2nd of August 2021. The IPO will be listed by the company at a nominal price of Rs. 26/-. The Rex industry is a well-known industry serving PVC based products in the market.
The company manufactures pipes ranging from agricultural to industrial, technical and others. The company is offering a Fixed Price Issue for the IPOs. Rex Pipes and Cables has been in the market since 2002 and is a promising IPO. Investors can check the complete details of the IPO under this post along with Rex IPO schedule 2021, status checking, IPO details, and more.
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Rex Pipes and Cables IPO- Highlights
| Name of Company | Rex Pipes and Cables Industries Ltd. |
| IPO issuing starts on | 28 July 2021 |
| Closing of the Rex IPO issue | 2 Aug 2021 |
| REX IPO Price | Rs. 26/- |
| Face value of shares | Rs. 10/- |
| Minimum market lot | 1 |
| Size of one REX IPO lot | 4000 |
| Minimum order value | Rs. 1,04,000 |
| Rex Pipes and cables Official Website Portal | www.rexpumps.com |
Rex Pipes and Cables IPO Allotment Status
Rex Pipes IPO has been on listing for IPO by the company. Until the 2nd of August 2021, the IPO has been subscribed 23.99 times. Under the retail category, the Rex IPO has been subscribed 41.13 times. With its 24 lakh shares, the company will raise about Rs. 6.24 crore.
Listing of the IPOs will be available at National Stock Exchange (NSE). Shares of the company will also be available for Retail Individual Investors (RII). Such investors will be eligible for 1 lot. In case of unavailability of adequate shares, a lottery may also be drawn to select the investors.
Important Rex IPO Allotment Dates
| Events | Dates |
|---|---|
| Bidding on the Rex IPO starts from | 28 Jul 2021 |
| Closing of Rex IPO Bidding | 2 Aug 2021 |
| Finalising of IPO allotment | 5 Aug 2021 |
| Refund initiation | 6 Aug 2021 |
| Equity Share crediting | 9 Aug 2021 |
| Listing of Rex Pipes IPO | 10 Aug 2021 |
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Check REXPIPES IPO Allotment Status Online
Allotment status will be visible to the investors once the allotment process is complete. To check the IPO allotment status online, investors can follow these steps.
- Go to the official web page Rex Pipes and Cables listing website.
- On the home page of the portal, investors will have to click on the green rex pipes and cables IPO allottment status.
- Users can search their investment profile by using their PAN no., registration no., or also with the client ID of your demat account.
- Click on the Search button.
- Your IPO status of the company will be visible on the page.
In case the allotment is not yet processed, investors will see a DISABLED button on the page. Also, Investors who have not been allotted the IPOs will be refunded by the company registrar of Rex Pipes and Cables.
Frequently Asked Questions
The refunding of the investors will be initiated by the registrar of Rex IPO.
The process of share allotment takes up to six days after IPO closing.
The investors investing in the IPO will be able to view their status online by the 5th of August 2021.
Your IPO allotment result will consist of some essential information like your Name, Application No., PAN No., Shares allotted and shares applied for.