Nexxus Petro Industries IPO Details
| IPO Open Date: | September 26, 2024 |
| IPO Close Date: | September 30, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹105 Per Share |
| Issue Size: | Approx ₹19.43 Crores |
| Fresh Issue: | Approx ₹19.43 Crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Nexxus Petro Industries IPO IPO Market Lot
The Nexxus Petro Industries IPO minimum market lot is 1200 shares with ₹126,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,200 | ₹126,000 |
| Retail Maximum | 1 | 1,200 | ₹126,000 |
| HNI Minimum | 2 | 2,400 | ₹252,000 |
Nexxus Petro Industries IPO Dates
The Nexxus Petro Industries IPO date is October and the close date is October 17. The Nexxus Petro Industries IPO allotment will be finalized on October and the IPO listing on October 1.
| IPO Open Date: | September 26, 2024 |
| IPO Close Date: | September 30, 2024 |
| Basis of Allotment: | October 1, 2024 |
| Refunds: | October 3, 2024 |
| Credit to Demat Account: | October 3, 2024 |
| IPO Listing Date: | October 4, 2024 |
Promoters of Nexxus Petro Industries IPO
The promoters of the company are Mr. Haresh Mohanlal Senghani, Mr. Rahul Mohanlal Senghani, Mrs. Hinaben Haresh Senghani and Mrs. Manishaben Rahul Senghani.
About Nexxus Petro Industries IPO
The Nexxus Petro Industries Limited was established in B-811 Swati Trinity, Applewood Township Sanathal Sanand, Sarkhej, Ahmedabad, Dascroi, Gujarat, India, 382210 and this company was recognised by private limited on october 5 2021, which was converted in public limited on 18 july 2023.
The Company is engaged in trading, manufacturing, and selling Petrochem products namely Bitumen products. This company’s product is widely used in the infrastructure sector and the road construction industry. Their range of products includes various grades of Bitumen which are classified on the basis of viscosity and related properties of each grade. Further process the bitumen procured at their processing units located at Mundra, Gujarat; Pali, Rajasthan; and Bhopal, Madhya Pradesh. Which was a strong point for the future success as well.
Moreover, the company has adaptability and only has the motive of client satisfaction, therefore selling of processed bitumen, and trade in bitumen by directly selling it to customers as per the requirement. this company’s director and promoter constantly engage with customers through marketing via personal interactions with them.
Nexxus Petro Industries IPO Company Financial Report
The company reported revenue of ₹238.38 crores in 204 against ₹142.84 crore in 2023. The company reported profit of ₹3.48 crores in 2024 against profit of ₹2.01 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹48.47 | ₹47.73 | ₹0.54 | ₹9.33 |
| 2023 | ₹142.84 | ₹140.04 | ₹2.01 | ₹16.45 |
| 2024 | ₹238.38 | ₹233.64 | ₹3.48 | ₹38.93 |
Nexxus Petro Industries IPO Valuation – FY2024
Check Nexxus Petro Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 61.77% |
| ROCE: | 20.81% |
| EBITDA Margin: | 2.58% |
| PAT Margin: | 1.47% |
| Debt to equity ratio: | 2.50 |
| Earning Per Share (EPS): | ₹8.99 (Basic) |
| Price/Earning P/E Ratio: | 11.68 |
| Return on Net Worth (RoNW): | 40.36% |
| Net Asset Value (NAV): | ₹16.93 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Agarwal Industrial Corporation Ltd | 32.70 | 28.29 | 16.58% | 19.90 | – Cr. |
Objects of the Issue
- Funding the working capital requirements of the Company; and
- General corporate purposes.
Nexxus Petro Industries IPO Review
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Nexxus Petro Industries IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Srujan Alpha Capital Advisors Llp
Company Address
Nexxus Petro Industries Limited
B-811 Swati Trinity
Applewood Township Sanathal Sanand
Ahmedabad, Dascroi-382210
Phone: +91 2717 454317
Email: [email protected]
Website: http://www.nexxusgroup.co.in/
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