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Nexxus Petro Industries Limited IPO (Nexxus Petro Industries IPO) Detail

September 26, 2024 - September 30, 2024

Nexxus Petro Industries IPO is a fixed price issue of Rs 19.43 crores. The issue is entirely a fresh issue of 18.5 lakh shares.

Nexxus Petro Industries IPO bidding started from September 26, 2024 and ended on September 30, 2024. The allotment for Nexxus Petro Industries IPO was finalized on Tuesday, October 1, 2024. The shares got listed on BSE SME on October 4, 2024.

Nexxus Petro Industries IPO price is ₹105 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹252,000.

Srujan Alpha Capital Advisors Llp is the book running lead manager of the Nexxus Petro Industries IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Nexxus Petro Industries IPO is Gretex Share Broking.

Refer to Nexxus Petro Industries IPO RHP for detailed information.

Nexxus Petro Industries IPO Details

IPO Date September 26, 2024 to September 30, 2024
Listing Date October 4, 2024
Face Value ₹10 per share
Price ₹105 per share
Lot Size 1200 Shares
Total Issue Size1,850,400 shares
(aggregating up to ₹19.43 Cr)
Fresh Issue1,850,400 shares
(aggregating up to ₹19.43 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue5,100,000
Share holding post issue6,950,400
Market Maker portion93,600 shares
Gretex Share Broking

Nexxus Petro Industries IPO Reservation

Nexxus Petro Industries IPO offers 18,50,401 shares. 8,78,400 (47.47%) to NII, 8,78,400 (47.47%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered93,600 (5.06%)
Other Shares Offered8,78,400 (47.47%)
Retail Shares Offered8,78,400 (47.47%)
Total Shares Offered18,50,401 (100%)

Nexxus Petro Industries IPO Timeline (Tentative Schedule)

Nexxus Petro Industries IPO opens on September 26, 2024, and closes on September 30, 2024.

IPO Open Date Thursday, September 26, 2024
IPO Close Date Monday, September 30, 2024
Basis of Allotment Tuesday, October 1, 2024
Initiation of Refunds Thursday, October 3, 2024
Credit of Shares to Demat Thursday, October 3, 2024
Listing Date Friday, October 4, 2024
Cut-off time for UPI mandate confirmation 5 PM on September 30, 2024

Nexxus Petro Industries IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹126,000
Retail (Max) 1 1200 ₹126,000
HNI (Min) 2 2,400 ₹252,000
Lot Size Calculator

Nexxus Petro Industries IPO Promoter Holding

The Promoters of the Company are Mr. Haresh Mohanlal Senghani, Mr. Rahul Mohanlal Senghani, Mrs. Hinaben Haresh Senghani and Mrs. Manishaben Rahul Senghani.

Share Holding Pre Issue 100.00%
Share Holding Post Issue

About Nexxus Petro Industries Limited

Incorporated in October 2021, Nexxus Petro Industries Limited is involved in the trading, manufacturing, and sale of petrochemical products, particularly bitumen products.

The company produces and distributes high-quality bitumen, bitumen emulsions, and special bituminous allied products to infrastructure/construction companies, government agencies, road authorities, and the bitumen industry.

The company is BIS and ISO certified for its products and processes. It has upgraded its processing unit, boosting production capacity and product quality. This has led to an increase in customers due to its positive approach towards clients.

The company has three manufacturing units each in Gujarat, Rajasthan and Madhya Pradesh. 

As of September 2024, the company has 17 permanent employees. 

Competitive Strengths

  • Experienced Management Team to look after day to day operations.
  • Strong Supplier relationship for business growth
  • Factories in Kutch, Gujarat, Pali, Rajasthan, and Bhopal, Madhya Pradesh, are well-equipped with modern machines and advanced processes.

Company Financials

Nexxus Petro Industries Limited Financial Information (Restated)

Nexxus Petro Industries Limited's revenue increased by 67% and profit after tax (PAT) rose by 73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets3,892.551,644.96932.77
Revenue23,837.5714,283.954,847.02
Profit After Tax348.47200.8754.06
Net Worth863.4264.9354.06
Reserves and Surplus353.4254.9354.06
Total Borrowing2,161.43835.1369.83
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Nexxus Petro Industries IPO is Rs 72.98 Cr.

KPI as of March 31, 2024.

KPI Values
ROE61.77%
ROCE20.81%
Debt/Equity2.5
RoNW40.36%
P/BV6.2
PAT Margin (%)1.47
Pre IPO Post IPO
EPS (Rs) 6.835.01
P/E (x) 15.3720.94
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Nexxus Petro Industries IPO Objectives)

The Company proposes to utilise the Net Proceeds towards funding the following objects

  1. Funding the working capital requirements of the Company; and
  2. General corporate purposes.

Nexxus Petro Industries IPO Review (Avoid)

[Dilip Davda]  The company is engaged in trading and manufacturing of bitumen (a petro hem product), which is a highly competitive and fragmented segment. The company posted growth in its top and bottom lines for the reported periods. The offer document has few anomalies. Based on FY24 earnings, the issue appears aggressively priced. Small paid-up equity capital indicates longer gestation for migration to mainboard. There is no harm in skipping this pricey “High Risk/Low Return” offer. Read detail review...


Nexxus Petro Industries IPO Subscription Status (Bidding Detail)

The Nexxus Petro Industries IPO is subscribed 8.44 times on September 30, 2024 6:19:09 PM. The public issue subscribed 8.48 times in the retail category, times in the QIB category, and 8.41 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other8.41
Retail8.48
Total8.44

Total Application : 15,608 (21.32 times)

Nexxus Petro Industries IPO Prospectus

Nexxus Petro Industries IPO Rating

2
3.0
Rating:Rated 3.0 stars
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Nexxus Petro Industries IPO Listing Details

Listing Date October 4, 2024
BSE Script Code 544265
NSE Symbol
ISIN INE0QUL01011
Final Issue Price ₹105 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹105.00
₹126.00
₹126.00
₹132.30
₹132.30

Check IPO Performance…

Nexxus Petro Industries Limited Contact Details

Nexxus Petro Industries Limited
B-811 Swati Trinity
Applewood Township Sanathal Sanand
Ahmedabad, Dascroi-382210
Phone: +91 2717 454317
Email: cs@nexxusgroup.co.in
Website: http://www.nexxusgroup.co.in/

Nexxus Petro Industries IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: npil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Nexxus Petro Industries IPO - Buy or Not

Nexxus Petro Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 1

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Nexxus Petro Industries IPO FAQs

Nexxus Petro Industries IPO is a SME IPO of 1,850,400 equity shares of the face value of ₹10 aggregating up to ₹19.43 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200 Shares.

The IPO opens on September 26, 2024, and closes on September 30, 2024.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Nexxus Petro Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Nexxus Petro Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Nexxus Petro Industries IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Nexxus Petro Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Nexxus Petro Industries IPO opens on September 26, 2024 and closes on September 30, 2024.

Nexxus Petro Industries IPO lot size is 1200 Shares, and the minimum amount required is ₹126,000.

You can apply in Nexxus Petro Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Nexxus Petro Industries IPO will be done on Tuesday, October 1, 2024, and the allotted shares will be credited to your demat account by Thursday, October 3, 2024. Check the Nexxus Petro Industries IPO allotment status.

The Nexxus Petro Industries IPO listing date is on October 4, 2024.
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