Mumbai, Jan. 29 -- Rexpro Enterprises, a Maharashtra-based furniture manufacturing company, witnessed a tepid debut on the National Stock Exchange's SME platform today.

The company's shares opened at Rs 117, marking a significant 19 percent discount from its initial public offering (IPO) price of Rs 145. The stock's performance further declined as it hit its lower circuit limit of 5 percent, settling at Rs 111.15.

The company, headquartered in Vasai, has established itself as a prominent supplier of furniture and fixtures to various retail segments, including fashion, lifestyle, electronics, grocery, beauty, and telecom.

Its impressive client portfolio includes leading brands such as Shoppers Stop, Samsung (through One RX India Private...