Nexxus Petro Industries IPO Details
The Nexxus Petro Industries IPO is a fixed price issue with a total issue size of ₹19.43 cr, comprising of fresh issue of 1850400 equity shares. Nexxus Petro Industries IPO opened for subscription on Sep 26, 2024 and closed on Sep 30, 2024. Nexxus Petro Industries IPO has set the price at ₹105 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹252,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 01, 2024, and listed on both the NSE and BSE on Oct 04, 2024.
Kfin Technologies Limited has been appointed as the registrar. Srujan Alpha Capital Advisors Llp are the Book Running Lead Manager for the issue.
Before investing in the Nexxus Petro Industries IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 105 – 105
- Lot Size
- 1200
- Issue Size
- ₹19.43 Cr
- Minimum Investment
- ₹252000 (2400 Shares)
- Listing Date
- 04 October 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Nexxus Petro Industries Limited
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.
Nexxus Petro Industries IPO 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%
Nexxus Petro Industries IPO Objective
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
Book Running Lead Managers
- Srujan Alpha Capital Advisors Llp
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 with a total issue size of ₹19.43 crore. The Nexxus Petro Industries IPO price band is ₹105 to 105 per share. The Nexxus Petro Industries IPO subscription opens on Thu, Sep 26, 2024, and closes on Mon, Sep 30, 2024. The Nexxus Petro Industries IPO will be listed on the BSE. Kfin Technologies Limited is the registrar for the Nexxus Petro Industries IPO.
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 per share.
Nexxus Petro Industries IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
The minimum investment for Nexxus Petro Industries IPO is ₹252000, based on one lot of 1200 shares at the upper price band of ₹105 per share.
Investors can apply for the Nexxus Petro Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 30, 2024. The application amount remains blocked until the Nexxus Petro Industries IPO allotment is finalized.
Nexxus Petro Industries IPO issue size is ₹19.43 crores.
Nexxus Petro Industries IPO allotment date is Wed, Jul 1, 2026.
The registrar for Nexxus Petro Industries IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Nexxus Petro Industries IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.