The Nexxus Petro Industries IPO will open on September 26, 2024, and will close on September 30, 2024. Notably, this IPO is a Fixed Price Issue that aims to raise approximately ₹19.43 crores. Specifically, it consists of a fresh issue of ₹19.43 crores, along with an offer for sale of equity shares, each having a face value of ₹10.
Table of contents
- Nexxus Petro Industries IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Nexxus Petro Industries IPO GMP (Grey Market Premium)
- Nexxus Petro Industries IPO Application Form PDF
- Nexxus Petro Industries IPO Subscription Status
- Nexxus Petro Industries IPO Allotment Status
- IPO Review
- Nexxus Petro Industries IPO Registrar
- Nexxus Petro Industries IPO Lead Manager
- Nexxus Petro Industries Limited Contact
- FAQs
Nexxus Petro Industries IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Nexxus Petro Industries Limited |
| Industry | Petrochemical |
| IPO Issue Type | Fixed Price Issue |
| Open Date | September 26, 2024 |
| Close Date | September 30, 2024 |
| Total Issue Size | ₹19.43 Crores (1,850,400 Equity Shares) |
| Fresh Issue | ₹19.43 Crores (1,850,400 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹105 per share |
| Listing on | BSE SME |
| Lot Size | 1200 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 00% |
| Shares Offered to HNI | 50% |
Company Details
Nexxus Petro Industries Limited was established at B-811 Swati Trinity, Applewood Township, Sanathal Sanand, Sarkhej, Ahmedabad, Dascroi, Gujarat, India, 382210. Initially recognized as a private limited company on October 5, 2021, it transitioned to a public limited company on July 18, 2023.
The company is actively involved in the trading, manufacturing, and sale of petrochemical products, specifically Bitumen products. These products are widely utilized in the infrastructure sector and road construction industry. Furthermore, their offerings include various grades of Bitumen, categorized based on viscosity and related properties. The bitumen is processed at facilities located in Mundra, Gujarat; Pali, Rajasthan; and Bhopal, Madhya Pradesh, positioning the company for future success.
Additionally, Nexxus Petro Industries prides itself on its adaptability and unwavering commitment to client satisfaction. As a result, the company focuses on selling processed bitumen directly to customers based on their specific needs. Moreover, the director and promoter actively engage with clients through marketing efforts, fostering personal interactions to enhance customer relationships.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 26, 2024 |
| IPO Close Date | September 30, 2024 |
| Basis of Allotment | October 1, 2024 |
| Refunds | October 3, 2024 |
| Credit to Demat Account | October 3, 2024 |
| IPO Listing Date | October 4, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹3,892.55 | ₹1,644.96 | ₹932.77 |
| Revenue | ₹23,837.57 | ₹14,283.95 | ₹4,847.02 |
| Profit After Tax | ₹348.47 | ₹200.87 | ₹54.06 |
| Net Worth | ₹863.4 | ₹264.93 | ₹54.06 |
| Reserves and Surplus | ₹353.4 | ₹254.93 | ₹54.06 |
| Total Borrowing | ₹2,161.43 | ₹835.1 | ₹369.83 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹126,000 |
| Retail (Max) | 1 | 1,200 | ₹126,000 |
| HNI (Min) | 2 | 2,400 | ₹252,000 |
The objective of the Issue
- Additionally, Funding the working capital requirements of the Company.
- Furthermore, General corporate purposes.
Company Promoters
- Mr. Haresh Mohanlal Senghani
- Mr. Rahul Mohanlal Senghani
- Mrs. Hinaben Haresh Senghani
- Mrs. Manishaben Rahul Senghani
Nexxus Petro Industries IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Nexxus Petro Industries IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Nexxus Petro Industries Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Nexxus Petro Industries IPO Application Form PDF
To download the Nexxus Petro Industries IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Nexxus Petro Industries IPO Subscription Status
This IPO subscription kicks off on September 26, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Nexxus Petro Industries IPO Allotment Status
To check the Nexxus Petro Industries IPO allotment status go to the IPO registrar website Kfin Tech or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Firstly, Nexxus Petro Industries has established a solid market position in the petrochemical sector, particularly with its Bitumen products, which are crucial for infrastructure and road construction.
- Additionally, the company offers a diverse range of Bitumen grades, allowing it to meet various customer needs and enhancing its overall market appeal.
- Furthermore, with processing units strategically located in Mundra, Pali, and Bhopal, Nexxus enjoys logistical advantages that can improve efficiency and reduce operational costs.
- Moreover, the company’s strong focus on client satisfaction fosters robust relationships with customers, which can lead to repeat business and loyalty.
- Lastly, the increasing demand for infrastructure development in India presents significant growth opportunities for Nexxus Petro Industries.
Risks:
- On the other hand, the petrochemical industry is often subject to market volatility, with fluctuations in raw material prices and demand potentially impacting profitability and operational stability.
- In addition, the company faces regulatory challenges, as changes in regulations within the petrochemical sector could pose compliance risks and affect operational costs.
- Moreover, Nexxus’s performance is closely tied to government and private sector spending on infrastructure projects, making it vulnerable to economic downturns.
- Another risk is the intense competition within the industry, with various players vying for market share, which could put pressure on pricing and profit margins.
- Finally, the complexity of manufacturing and processing Bitumen products introduces operational risks, including potential disruptions in production and supply chain challenges.
Nexxus Petro Industries IPO 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: npil.ipo@kfintech.com
Website: www.kfintech.com
Nexxus Petro Industries IPO Lead Manager
SRUJAN ALPHA CAPITAL ADVISORS LLP
824 & 825, Corporate Avenue
Sonawala Road , Goregaon (E)
Mumbai – 400063
Phone: +91 2246030709
E-mail: jinesh@srujanalpha.com
Website: www.srujanalpha.com
Nexxus Petro Industries Limited Contact
NEXXUS PETRO INDUSTRIES LIMITED
B-811 Swati Trinity, Applewood Township Sanathal Sanand,
Sarkhej, Ahmedabad, Dascroi, Gujarat, India, 382210
Phone: +91 2717 454317
E-mail: info@nexxusgroup.co.in
Website: www.nexxusgroup.co.in
FAQs
Nexxus Petro Industries’s IPO is an SME offering aimed at raising ₹19.43 crores. Notably, the shares are priced at ₹105 each, and the IPO will be listed on the BSE.
The IPO is set to open for subscription on September 26, 2024, and it will be available to QIB, NII, and retail investors until it closes on September 30, 2024.
The investor allocation for the IPO is structured as follows: 00% for QIBs, 50% for NIIs, and 50% for retail investors.
You can apply for Nexxus Petro Industries’s IPO using the ASBA method through your bank account. Additionally, you have the option to apply online via UPI through your stock broker or to complete an offline application form with your broker.
Overall, the total issue size of Nexxus Petro Industries’s IPO is ₹19.43 crores.
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