Nexxus Petro Industries IPO will open for subscription from 26 September 2024. The company aims for an issue size of ₹19.43 Cr through this IPO.
Company Overview
| Full name | Nexxus Petro Industries Limited |
| Sector | Crude Oil |
| Industry | Petrochemicals |
| Company Website | https://nexxusgroup.co.in/ |
About Company
Nexxus Petro Industries is involved in trading, manufacturing, and selling petrochemical products, specifically bitumen, widely used in road construction. The company sources bitumen through imports from Dubai and purchases from domestic importers in India. The bitumen is further processed at the company’s units in Mundra, Gujarat; Pali, Rajasthan; and Bhopal, Madhya Pradesh.
The company manufactures and distributes high-quality bitumen, bitumen emulsions, and specialized bituminous products to infrastructure companies, government agencies, road authorities, and the bitumen industry. It is BIS and ISO certified for its products and processes. With recent upgrades to its processing unit, the company has enhanced production capacity and product quality, leading to a growing customer base due to its customer-focused approach. As of September 2024, the company has 17 permanent employees.
The Objectives of the Issue
- Funding the working capital requirements of the Company; and
- General corporate purposes.
Nexxus Petro Industries IPO Timetable
| IPO Opening date | 26 September 2024 |
| IPO Closing | 30 September 2024 |
| Basis of Allotment | 01 October 2024 |
| Initiation Refund | 03 October 2024 |
| Credit to Demat Account | 03 October 2024 |
| Listing Date | 04 October 2024 |
Nexxus Petro Industries IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹19.43 Cr – 1,850,400 shares |
| Fresh Issue | ₹19.43 Cr – 1,850,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹105 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 93,600 shares |
| Shareholding pre-issue | 5,100,000 |
| Shareholding post-issue | 6,950,400 |
| Listing Exchange | BSE SME |
Nexxus Petro Industries Offer Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| HNI (Min) | 2 | 2,400 | ₹252,000 |
Nexxus Petro Industries Offer Documents
Nexxus Petro Industries IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 93,600 (5.06%) |
| Other Shares Offered | 8,78,400 (47.47%) |
| Retail Shares Offered | 8,78,400 (47.47%) |
| Total Shares Offered | 18,50,401 (100%) |
Nexxus Petro Industries Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 48.47 | 142.81 | 237.78 |
| Expenses | 47.73 | 140.04 | 233.64 |
| Net income | 0.54 | 2.01 | 3.48 |
Nexxus Petro Industries Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.08 | 7.73 | 8.99 |
| PE ratio | – | – | 11.68 |
| RONW (%) | 84.39 | 75.82 | 40.36 |
| NAV | 64.06 | 264.93 | 16.93 |
| ROCE (%) | 18.16 | 30.73 | 20.81 |
| EBITDA (%) | 1.68 | 2.50 | 2.58 |
| Debt/Equity | 5.77 | 3.15 | 2.50 |
Company Promoters
- Mr. Haresh Mohanlal Senghani
- Mr. Rahul Mohanlal Senghani
- Mrs. Hinaben Haresh Senghani
- Mrs. Manishaben Rahul Senghani
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Nexxus Petro Industries Offer GMP Update
Coming Soon
Nexxus Petro Industries IPO Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 8,78,400 | 8,78,400 | 17,56,800 |
| 30 Sep 2024 | 8.51 | 8.41 | 8.46 |
| 27 Sep 2024 | 0.36 | 3.15 | 1.76 |
| 26 Sep 2024 | 0.10 | 1.30 | 0.70 |
Nexxus Petro Industries IPO Allotment Status
Nexxus Petro Industries IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Nexxus Petro Industries IPO Listing Details
| Listing Date | 04 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Nexxus Petro Industries IPO Lead Manager(s)
SRUJAN ALPHA CAPITAL ADVISORS LLP
824 & 825, Corporate Avenue
Sonawala Road , Goregaon (E)
Mumbai – 400063
Phone: +91 2246030709
E-mail: jinesh@srujanalpha.com
Website: www.srujanalpha.com
Nexxus Petro Industries Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: npil.ipo@kfintech.com
Website: www.kfintech.com
Nexxus Petro Industries Contact Details
NEXXUS PETRO INDUSTRIES LIMITED
B-811 Swati Trinity, Applewood Township Sanathal Sanand,
Sarkhej, Ahmedabad, Dascroi, Gujarat, India, 382210
Phone: +91 2717 454317
E-mail: info@nexxusgroup.co.in
Website: www.nexxusgroup.co.in
Nexxus Petro Industries IPO FAQs
What is the Nexxus Petro Industries offer size?
Nexxus Petro Industries offer size is ₹ 19.43 crore.
What is the Nexxus Petro Industries offer price band?
Nexxus Petro Industries public offer price is ₹ 105 per share.
What is the lot size of the Nexxus Petro IPO?
Nexxus Petro Industries offer a lot size is 1,200 Shares.
What is Nexxus Petro Industries Offer GMP today?
Nexxus Petro Industries IPO GMP today is ₹ NA per share.
What is the Nexxus Petro Industries kostak rate today?
Nexxus Petro Industries kostak rate today is ₹ NA per application.
What is Nexxus Petro Industries Subject to the Sauda rate today?
Nexxus Petro Industries is Subject to the Sauda rate today is ₹ NA per application.
Final thoughts
Nexxus Petro Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
