Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Nexxus Petro Industries IPO is a fixed price issue of ₹19.43 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹19.43 crore.
Nexxus Petro Industries IPO bidding started from Sep 26, 2024 and ended on Sep 30, 2024. The allotment for Nexxus Petro Industries IPO was finalized on Oct 1, 2024. The shares got listed on BSE SME on Oct 4, 2024.
Nexxus Petro Industries IPO price is ₹105.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,52,000.
Srujan Alpha Capital Advisors LLP is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Nexxus Petro Industries IPO RHP for detailed Information.
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | October 4, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,50,400 shares (aggregating up to ₹19.43 Cr) |
| Reserved for Market Maker | 93,600 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.9828 Cr) |
| Net Offered to Public | 17,56,800 shares (aggregating up to ₹18.45 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 51,00,000 shares |
| Share Holding Post Issue | 69,50,400 shares |
Nexxus Petro Industries IPO offers total 18,50,400 shares. Out of which 8,78,400 (47.47%) allocated to NII, 8,78,400 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 93,600 (5.06%) |
| NII (HNI) Shares Offered | 8,78,400 (47.47%) |
| Retail Shares Offered | 8,78,400 (47.47%) |
| Total Shares Offered | 18,50,400 (100.00%) |
Nexxus Petro Industries IPO opens on September 26, 2024, and closes on September 30, 2024.
| IPO Open Date | Thu, Sep 26, 2024 |
| IPO Close Date | Mon, Sep 30, 2024 |
| Tentative Allotment | Tue, Oct 1, 2024 |
| Initiation of Refunds | Thu, Oct 3, 2024 |
| Credit of Shares to Demat | Thu, Oct 3, 2024 |
| Tentative Listing Date | Fri, Oct 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 30, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,26,000 |
| Retail (Max) | 1 | 1,200 | ₹1,26,000 |
| HNI (Min) | 2 | 2,400 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,892.55 | 1,644.96 | 932.77 |
| Total Income | 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 |
| Amount in ₹ Lakhs | |||
The market capitalization of Nexxus Petro Industries IPO is ₹72.98 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 61.77% |
| ROCE | 20.81% |
| Debt/Equity | 2.50 |
| RoNW | 40.36% |
| PAT Margin | 1.47% |
| Price to Book Value | 6.20 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.83 | 5.01 |
| P/E (x) | 15.37 | 20.94 |
The Company proposes to utilise the Net Proceeds towards funding the following objects
[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...
| Listing Date | October 4, 2024 |
| BSE Script Code | 544265 |
| NSE Symbol | |
| ISIN | INE0QUL01011 |
| Final Issue Price | ₹105 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹126.00 |
| Low | ₹126.00 |
| High | ₹132.30 |
| Last Trade | ₹132.30 |
Nexxus Petro Industries Ltd.
B-811 Swati Trinity
Applewood Township Sanathal Sanand
Ahmedabad, Dascroi-382210
Ahmedabad, Gujarat
Phone: +91 2717 454317
Email: cs@nexxusgroup.co.in
Website: http://www.nexxusgroup.co.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: npil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Nexxus Petro Industries IPO is a SME IPO of 18,50,400 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.
The IPO opens on September 26, 2024, and closes on September 30, 2024.
Kfin Technologies Ltd. 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
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, and the minimum amount required for application is ₹1,26,000.
You can apply in Nexxus Petro Industries IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Friday, October 4, 2024.
Useful Articles
RHP