Nexxus Petro Industries IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 105 – 105
Lot Size
1200
Issue Size
₹19.43 Cr
Minimum Investment
₹252000 (2400 Shares)
Listing Date
04 October 2024
Subscription
8.5x
About the Company
Incorporated in October 2021, Nexxus Petro Industries Limited is engaged in the trading, manufacturing, and selling of petrochemical products, specifically Bitumen products. These products are widely used in the infrastructure sector, particularly in road construction. The company offers a range of Bitumen grades, classified based on viscosity and related properties.
Currently, Nexxus Petro Industries Limited procures bitumen through imports from Dubai, as well as purchases from other domestic importers and sellers in India. The bitumen is further processed at facilities located in Mundra, Gujarat; Pali, Rajasthan; and Bhopal, Madhya Pradesh.
In addition to selling processed bitumen, Nexxus Petro Industries Limited also trades in bitumen by directly selling to customers according to their requirements. The company is committed to supplying products at competitive prices while maintaining high-quality standards.
The company has three manufacturing and processing units each in Gujarat, Rajasthan and Madhya Pradesh.
Promoters
The Promoters of the Company are
1. Mr. Haresh Mohanlal Senghani
2. Mr. Rahul Mohanlal Senghani
3. Mrs. Hinaben Haresh Senghani
4. Mrs. Manishaben Rahul Senghani
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Funding the working capital requirements of our Company
2. General corporate purposes.
Address / Contact Info
Nexxus Petro Industries Limited
B-811 Swati Trinity, Applewood
Township Sanathal Sanand,
Sarkhej, Ahmedabad, Dascroi,
Gujarat, India, 382210
Phone: +91 2717 454317
Email: cs@nexxusgroup.co.in
Website: http://www.nexxusgroup.co.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 26 September 2024
IPO Close Date
Monday, 30 September 2024
Basis of Allotment
Tuesday, 01 October 2024
Initiation of Refunds
Thursday, 03 October 2024
Credit of Shares to Demat
Thursday, 03 October 2024
Listing Date
Friday, 04 October 2024 — NSE & BSE
Important Dates
Open Date
26 September 2024
Close Date
30 September 2024
Basis Of Allotment
01 October 2024
Listing Date
04 October 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 3892.55 | 1644.96 | 932.77 |
| Revenue | 23837.57 | 14283.95 | 4847.02 |
| Profit After Tax | 348.47 | 200.87 | 54.06 |
| Net Worth | 863.4 | 264.93 | 54.06 |
| Reserve & Surplus | 353.4 | 254.93 | 54.06 |
| Total Borrowings | 2161.43 | 835.1 | 369.83 |
EPS Pre
6.83%
EPS Post
5.01%
P/E Pre
15.37
P/E (Post Issue)
20.94x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 61.77 |
| ROCE % | 20.81 |
| Debt / Equity | 2.5 |
| RoNW % | 40.36 |
| PbW | 6.2 |
| Pat Margin % | 1.47 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 93600 | 5.06 | 0 |
| Non-Institutional | 878400 | 47.47 | 0 |
| Retail Investors | 878400 | 47.47 | 0 |
| Total | 1850401 | 100 | 0 |
Subscription Status ( Mon, 30 Sep 24 01:24 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 878400 | 7477200 | 8.51x |
| Retail Investors | 878400 | 7449600 | 8.48x |
| Total | 1756800 | 14926800 | 8.5x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 126,000.00 |
| Retail (Max) | 1 | 1,200 | 126,000.00 |
| S-HNI (Min) | 2 | 2,400 | 252,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Srujan Alpha Capital Advisors Llp
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Nexxus Petro Industries IPO is a Fixed price IPO worth ₹19.43 crores. The price band is ₹105 to 105 per share. The IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Nexxus Petro Industries IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024
Nexxus Petro Industries IPO Price Band is ₹105 to 105.
Nexxus Petro Industries IPO lot size is 1200, and the minimum amount required for application is ₹252000.
The minimum investment for Nexxus Petro Industries IPO is approximately ₹252000 based on the upper price band.
To apply for the Nexxus Petro Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Sep 30, 2024. After submission, funds are blocked until the basis of allotment of Nexxus Petro Industries IPO is finalised.
Nexxus Petro Industries IPO issue size is ₹19.43 crores.
Nexxus Petro Industries IPO allotment date is Sat, Jun 27, 2026.
The registrar for Nexxus Petro Industries IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Nexxus Petro Industries IPO through their official website or helpline.
The Nexxus Petro Industries IPO GMP (Grey Market Premium) is ₹0 as of Fri, Oct 4, 2024. Based on the upper price band of ₹105 per share, the estimated Nexxus Petro Industries IPO listing price is ₹105, indicating a potential listing gain of approximately 31% over the issue price.