Nexxus Petro Industries IPO
Nexxus Petro Industries is a BSE SME IPO listed on the BSE SME platform, priced at ₹105 per share. The stock debuted at ₹126, delivering a listing gain of 20.0%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,26,000.
Nexxus Petro Industries Limited IPO
- IPO Dates
- Sep 26, 2024 – Sep 30, 2024
- Price band
- ₹105 per equity share
- Minimum Investment
- ₹1,26,000
- Issue size
- ₹19.43 Cr
- Lot size
- 1200
- Allotment Date
- Oct 1, 2024
- Listing
- Oct 4, 2024
- Listing At
- BSE SME
IPO timeline
-
Sep 26, 2024
Open Date
Completed
-
Sep 30, 2024
Close Date
Completed
-
Oct 1, 2024
Allotment Date
Completed
-
Oct 4, 2024
Listing Date
Completed
Nexxus Petro Industries IPO Essentials
Nexxus Petro Industries IPO Details
Nexxus Petro Industries IPO is priced at ₹105 per share with a total issue size of 19.43 crore. The IPO has a lot size of 1200 shares and is listed on BSE SME.
- Issue price
- ₹105 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 1,850,400 shares(aggregating up to ₹19.43 Cr)
- Total issue size
- 18,50,400 shares
(aggregating up to ₹19.43 crore) - Fresh issue
- 18,50,400 shares
(aggregating up to ₹19.43 crore) - Listing at
- BSE SME
- List price
- 126.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Srujan Alpha Capital Advisors Llp
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following 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 | ₹1,26,000 |
| Retail(max) | 1 | 1200 | ₹1,26,000 |
Nexxus Petro Industries IPO Reservation
Nexxus Petro Industries IPO reservation details show category-wise allocation of shares. Out of the total 18,50,401 shares, approximately 47.47% for retail investors, 5.06% for market maker, and 0% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - (NA%) | |
| Market Maker Shares Offered | 93,600 (5.06%) | |
| Retail Shares Offered | 8,78,400 (47.47%) | |
| Total Shares Offered | 18,50,401 (100%) |
Nexxus Petro Industries IPO Analytics
Nexxus Petro Industries IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Nexxus Petro Industries IPO Subscription Status
Nexxus Petro Industries IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 878,400 | 878,400 | 1,756,800 |
|
Day 1
26-09-24 06:00 PM
|
(0.10) x | 1.30 x | 0.70 x |
|
Day 2
27-09-24 06:00 PM
|
(0.26) x | 3.15 x | 1.70 x |
|
Day 3
30-09-24 06:00 PM
|
(8.41) x | 8.50 x | 8.45 x |
Nexxus Petro Industries Valuations
Earnings
- EPS Pre IPO
- ₹6.83/-
- EPS Post IPO
- ₹5.01/-
- P/E Pre IPO
- 15.37
- P/E Post IPO
- 20.94
Returns
- ROE
- 61.77%
- ROCE
- 20.81%
- RoNW
- 40.36%
- PAT Margin
- 1.47
Fundamentals
- Debt / Equity
- 2.50
- Price / Book
- 6.20
Nexxus Petro Industries Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 | N/A |
| Reserves & Surplus | 353.4 | 254.93 | N/A |
| Total Borrowing | 2,161.43 | 835.1 | N/A |
Nexxus Petro Industries Company & Offer Insights
About Nexxus Petro Industries
Nexxus Petro Industries Limited is a firm integrated in October 2021 that deals with trading, manufacturing, and sale of petrochemical products, particularly bitumen products.
The company offers high-quality production and supply of bitumen, bitumen emulsions, and special allied bituminous products directly to infrastructure/construction companies, government agencies, road authorities, and the bitumen industry.
BIS and ISO certified company for its products and processes. Upgraded the processing unit with a view to enhancing the production capacity and product quality. Due to its positive approach towards the clients, there is an increase in customers.
Three manufacturing units are situated each in Gujarat, Rajasthan and Madhya Pradesh.
Till date, September 2024, 17 permanent employees.
Nexxus Petro Industries Promoter(s)
Mr. Haresh Mohanlal Senghani, Mr. Rahul Mohanlal Senghani, Mrs. Hinaben Haresh Senghani and Mrs. Manishaben Rahul Senghani. are the company's promoters of Nexxus Petro Industries.
Nexxus Petro Industries IPO Issue Objectives
- •
- Funding the working capital requirements of the Company
- •
- General corporate purposes.
Nexxus Petro Industries IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Nexxus Petro Industries Limited | 8.99 | N/A | 16.93 | 11.68 | 40.36 | 6.56 | Restated |
| Agarwal Industrial Corporation Ltd. | 32.7 | N/A | 19.9 | 28.29 | 16.58 | 48.68 | Standalone |
Notes:
- The peer company is not strictly comparable with the company in size of operations, but Nexxus Petro has considered them peers for better disclosures.
- The Issue Price determined by the Company in consultation with the Lead Manager is justified by the Company in consultation with the Lead Manager on the basis of the above parameters.
Contact Information
Contact Details
Nexxus Petro Industries
+91 2717 454317
B-811 Swati Trinity, Applewood Township Sanathal Sanand, Ahmedabad, Dascroi-382210
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Nexxus Petro Industries IPO is a Fixed Priced IPO worth ₹19.43 crore. The issue price is ₹105 per share (fixed price). The IPO opens on Sep 26, 2024 and closes on Sep 30, 2024. It will be listed on BSE SME Platform. Kfin Technologies Limited is the registrar.
The issue price of Nexxus Petro Industries IPO is ₹105 per share (fixed price).
The lot size of Nexxus Petro Industries IPO is 1200 shares.
The minimum investment for Nexxus Petro Industries IPO is approximately ₹1,26,000 based on the issue price .
Nexxus Petro Industries IPO opens on Sep 26, 2024 and closes on Sep 30, 2024.
The allotment date of Nexxus Petro Industries IPO is Oct 1, 2024.
Nexxus Petro Industries IPO is expected to be listed on Oct 4, 2024, on BSE SME Platform.
Nexxus Petro Industries IPO valuation snapshot: P/E 20.94, EPS ₹5.01/-, P/B 6.20, RoNW 40.36%, and market cap N/A.
To apply for Nexxus Petro Industries IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Nexxus Petro Industries IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Nexxus Petro Industries IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Nexxus Petro Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Nexxus Petro Industries IPO allotment status on IPO Ji for quick and easy access.