Nexxus Petro Industries IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 26 Sep 2024
Close Date
Mon, 30 Sep 2024
Issue Price
₹ 105
Lot Size
1200
Issue Size
₹ 19.43 Cr
Minimum Investment
₹ 252,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Nexxus Petro Industries IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹19.43 Crore, comprising a fresh issue of 18.50 Lakh equity shares aggregating to ₹19.43 Crore.
The Nexxus Petro Industries IPO remained open for subscription from September 26, 2024, to September 30, 2024. The basis of allotment was finalized on October 01, 2024, and the company's shares were listed on BSE SME Platform on October 04, 2024.
The company had fixed the price at ₹105 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹252,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Srujan Alpha Capital Advisors Llp acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Nexxus Petro Industries Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Nexxus Petro Industries IPO Timeline (Tentative)
- IPO Open Date
- Thu, 26 Sep 24
- IPO Close Date
- Mon, 30 Sep 24
- Basis of Allotment
- Tue, 01 Oct 24
- Initiation of Refunds
- Thu, 03 Oct 24
- Credit of Shares to Demat
- Thu, 03 Oct 24
- Listing Date
- Fri, 04 Oct 24 — NSE & BSE
Open Date
26 September 2024
Close Date
30 September 2024
Basis Of Allotment
01 October 2024
Listing Date
04 October 2024
IPO Subscription
Check Live Subscription →The Nexxus Petro Industries IPO has received bids for 1,49,26,800 shares against 17,56,800 shares offered, resulting in an overall subscription of 8.5x. the NII category is subscribed 8.51x, Retail Investors 8.48x, and QIBs 0x.
QIB
0x
NII
8.51x
RII
8.48x
Total
8.5x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 8,78,400 shares, representing 47.47% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 8,78,400 shares (47.47%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 93,600 | 5.06% |
| Non-Institutional | 878,400 | 47.47% |
| Retail Investors | 878,400 | 47.47% |
| Total | 1,850,401 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Nexxus Petro Industries Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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.
Nexxus Petro Industries Limited Address / Contact Details
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
Nexxus Petro Industries IPO Lot Size
The Nexxus Petro Industries IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,26,000 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,26,000.
| 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 |
Issue Reservation
- Market Maker — 5.06%
- NII — 47.47%
- RII — 47.47%
Book Running Lead Managers
- Srujan Alpha Capital Advisors Llp
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Nexxus Petro Industries 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.
When will the Nexxus Petro Industries IPO open for subscription?
The Nexxus Petro Industries IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024
What is Nexxus Petro Industries IPO Price Band?
Nexxus Petro Industries IPO Price Band is ₹105 to 105 per share.
What is Nexxus Petro Industries IPO Lot Size?
Nexxus Petro Industries IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
What is the minimum investment for Nexxus Petro Industries IPO?
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.
How to apply for Nexxus Petro Industries IPO?
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.
What is Nexxus Petro Industries IPO Issue Size?
Nexxus Petro Industries IPO issue size is ₹19.43 crores.
What is the Nexxus Petro Industries IPO Allotment Date?
Nexxus Petro Industries IPO allotment date is Tue, Oct 1, 2024.
Who is the Nexxus Petro Industries IPO Registrar?
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.
What is the Nexxus Petro Industries IPO GMP?
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 0.00% over the issue price.
Who is the Nexxus Petro Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Nexxus Petro Industries IPO are Srujan Alpha Capital Advisors Llp. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Nexxus Petro Industries IPO Red Herring Prospectus (RHP).