Nexxus Petro Industries Limited IPO
BSE SMEListed On: Oct 4, 2024 at ₹ 126.0
₹ 252000 /2400 Shares
*Min Investment
26 Sep, 2024
Open Date30 Sep, 2024
Close Date01 Oct, 2024
Allotment Date04 Oct, 2024
Listing DateExp. Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.
Nexxus Petro Industries IPO Issue Details
- Issue Price ₹105 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 18,50,400 shares(aggregating up to ₹19.43 crore)
- Fresh Share 18,50,400 shares(aggregating up to ₹19.43 crore)
- Listing at BSE SME
- List Price 126.0
- Listing Date 2024-10-04
- Lead Manager Srujan Alpha Capital Advisors Llp
- Registrar Kfin Technologies Limited
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 offers total 18,50,401 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,8,78,400 (47.47%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to 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 Details
Nexxus Petro Industries Limited IPO is an SME IPO, priced at ₹105 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 18,50,400 equity shares, aggregating up to ₹19.43 crores..
The IPO bidding window is open from Sep 26, 2024 to Sep 30, 2024. The allotment is expected to be finalized on Oct 1, 2024, and the tentative listing date is Oct 4, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,26,000.
Srujan Alpha Capital Advisors Llp is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Gretex Share Broking Private Limited will act as the market maker for this issue.
Nexxus Petro Industries IPO Subscription Analysis And Details
| 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
Nexxus Petro Industries Company Financials
| 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 |
About Nexxus Petro Industries Company
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.
Pre Issue Share Holding : 100%
Post Issue Share Holding : %
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 Details
Nexxus Petro Industries
B-811 Swati Trinity, Applewood Township Sanathal Sanand, Ahmedabad, Dascroi-382210
+91 2717 454317
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Nexxus Petro Industries IPO - FAQs
Ans. Nexxus Petro Industries Limited IPO is a SME IPO. The issue is priced at ₹105 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Sep 26, 2024, and closes on Sep 30, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Nexxus Petro Industries Limited IPO opens on Sep 26, 2024 and closes on Sep 30, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Nexxus Petro Industries Limited IPO is 1,850,400 shares(aggregating up to ₹19.43 Cr).
Ans. The Nexxus Petro Industries Limited IPO price band is set between ₹105 per equity share.
Ans. To apply for Nexxus Petro Industries Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Nexxus Petro Industries Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Nexxus Petro Industries Limited IPO is Oct 1, 2024.
Ans. The Nexxus Petro Industries Limited IPO will be listed on Oct 4, 2024.
Ans. Follow the steps to check the Nexxus Petro Industries Limited IPO allotment status online.
