Nexxus Petro Industries IPO GMP, Review, Price, Allotment

Last updated on October 4, 2024

Nexxus Petro Industries IPO description – Nexxus Petro Industries is involved in trading, manufacturing, and selling petrochemical products, specifically bitumen, which is 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.

Promoters of Nexxus Petro Industries – Mr. Haresh Mohanlal Senghani, Mr. Rahul Mohanlal Senghani, Mrs. Hinaben Haresh Senghani, and Mrs. Manishaben Rahul Senghani

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Nexxus Petro Industries IPO Details

Nexxus Petro Industries IPO Dates	26 – 30 September 2024
Nexxus Petro Industries Issue Price	INR 105 per share
Fresh issue	18,50,400 shares (INR 19.43 crore)
Offer For Sale	NIL
Total IPO size	18,50,400 shares (INR 19.43 crore)
Minimum bid (lot size)	1,200 Shares (INR 1,26,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	BSE SME

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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

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Nexxus Petro Industries Offer News

• Nexxus Petro Industries RHP
• Nexxus Petro Industries Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• Highest SME IPO Subscription in 2024

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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

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Nexxus Petro Industries IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
Coming soon	–	–	–

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Nexxus Petro Industries IPO Subscription – Live Updates

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

The market maker reservation portion of 93,600 shares is not included in the above calculations.

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Nexxus Petro Industries IPO Allotment Status

Nexxus Petro Industries IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.

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Nexxus Petro Industries IPO Dates & Listing Performance

IPO Opening Date	26 September 2024
IPO Closing Date	30 September 2024
Finalization of Basis of Allotment	1 October 2024
Initiation of refunds	3 October 2024
Transfer of shares to demat accounts	3 October 2024
IPO Listing Date	4 October 2024
Opening Price on BSE SME	INR 126 per share (up 20%)
Closing Price on BSE SME	INR 132.30 per share (up 26%)

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Nexxus Petro Industries Offer Lead Manager

SRUJAN ALPHA CAPITAL ADVISORS LLP
824 & 825, Corporate Avenue
Sonawala Road , Goregaon (E)
Mumbai – 400063
Phone: +91 2246030709
E-mail: [email protected]
Website: www.srujanalpha.com

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Nexxus Petro Industries Offer 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: [email protected]
Website: www.kfintech.com

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Nexxus Petro Issue 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: [email protected]
Website: www.nexxusgroup.co.in

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