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
Table of Contents
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 |
Nexxus Petro Industries Financial Performance
| Â | 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 Offer News
- Nexxus Petro Industries RHP
- Nexxus Petro Industries Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
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 |
Nexxus Petro Industries IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
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.
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.
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%) |
Nexxus Petro Industries Offer Lead Manager
SRUJAN ALPHA CAPITAL ADVISORS LLP
824 & 825, Corporate Avenue
Sonawala Road , Goregaon (E)
Mumbai – 400063
Phone:Â +91 2246030709
E-mail:Â [email protected]
Website:Â www.srujanalpha.com
Nexxus Petro Industries Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
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
IPO FAQs
What is the Nexxus Petro Industries offer size?
Nexxus Petro Industries offer size is INR 19.43 crore.
What is the Nexxus Petro Industries offer price band?
Nexxus Petro Industries public offer price is INR 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 IPO GMP today?
Nexxus Petro Industries IPO GMP today is INR NA per share.
What is the Nexxus Petro Industries kostak rate today?
Nexxus Petro Industries kostak rate today is INR 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 INR NA per application.
