Fixed Price IPO | ₹19 Cr | Listed at BSE SME | Thu, Sep 26, 2024 - Mon, Sep 30, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 26, 2024
IPO Close
Mon, Sep 30, 2024
Issue Price
₹105 per share
Market Cap (Pre-IPO)
₹72.98 Cr
| IPO Date | 26 to 30 Sep, 2024 |
| Listed on | Fri, Oct 4, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,50,400 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 93,600 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.9828 Cr) |
| Fresh Issue (Ex Market Maker) | 17,56,800 shares (agg. up to ₹18 Cr) |
| Net Offered to Public | 17,56,800 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 51,00,000 shares |
| Share Holding Post Issue | 69,50,400 shares |
| BSE Script Code | 544265 |
| ISIN | INE0QUL01011 |
Nexxus Petro Industries IPO comprises a total issue size of 18,50,400 shares. The net offer to the public is 17,56,800 shares, after excluding 93,600 shares allotted on a firm basis. Of the Net offer 8,78,400 (50.00%) allocated to NII 8,78,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,78,400 | 50.00% | 47.47% |
| Retail Shares Offered | 8,78,400 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 93,600 | 5.06% | |
| Total Shares Offered | 18,50,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 38.93 | 16.45 | 9.33 |
| Total Income | 238.38 | 142.84 | 48.47 |
| Profit After Tax | 3.48 | 2.01 | 0.54 |
| NET Worth | 8.63 | 2.65 | 0.54 |
| Reserves and Surplus | 3.53 | 2.55 | 0.54 |
| Total Borrowing | 21.61 | 8.35 | 3.70 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 16.00 |
| 2 | General corporate purposes | 1.49 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 6.83 | 5.01 |
| P/E (x) | 15.37 | 20.94 |
| Promoter Holding | 100% | 73.38% |
| Market Cap | ₹72.98 Cr. |
The Nexxus Petro Industries IPO is subscribed 8.44 times on September 30, 2024 6:19:09 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 8.41 | 8,78,400 | 73,83,600 |
| Retail | 8.48 | 8,78,400 | 74,49,600 |
| Total | 8.44 | 17,56,801 | 1,48,33,200 |
Total Application : 15,608
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management feesincluding Merchant Banking fees, Underwriting fees, Selling Commision and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 1.64 |
| 2 | Advertising and Marketing Expense | 0.20 |
| 3 | Fees payable to the stock exchange(s) | 0.05 |
| 4 | Printing & Stationery, Distribution, Postage, etc | 0.05 |
| 5 | Brokerage and selling commission | 0.00 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹126.00 |
| Low | ₹126.00 |
| High | ₹132.30 |
| Last Trade | ₹132.30 |
Lead Manager Reports
Nexxus Petro Industries IPO is a SME IPO of 18,50,400 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Sep 26, 2024, and closes on Mon, Sep 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 Thu, Sep 26, 2024 and closes on Mon, Sep 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 Thu, Oct 3, 2024. Check the Nexxus Petro Industries IPO allotment status.
The Nexxus Petro Industries IPO listing date is on Fri, Oct 4, 2024.
