Nexxus Petro Industries IPO Date, Review, Price, Allotment Details

Nexxus Petro Industries IPO open date is September 26, 2024 and the IPO will close on September 30, 2024. Nexxus Petro Industries IPO is a Fixed Price Issue. The company to raise around ₹19.43 crores via IPO that comprises fresh issue of ₹19.43 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Nexxus Petro Industries IPO price band is ₹105 per share. The retail quota is 50%, QIB is 00%, and HNI is 50%. Nexxus Petro Industries IPO to list on BSE on October 4, 2024. The allotment of Nexxus Petro Industries IPO date is October 1, 2024.

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. As per the financials the IPO investors should apply the IPO for a long term.

Nexxus Petro Industries IPO

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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.

ApplicationLot SizeSharesAmount
Retail Minimum11,200₹126,000
Retail Maximum11,200₹126,000
HNI Minimum22,400₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Agarwal Industrial Corporation Ltd32.7028.2916.58%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/

Nexxus Petro Industries IPO FAQs

What is Nexxus Petro Industries IPO?

Nexxus Petro Industries IPO is a SME IPO. The company is going to raise ₹19.43 Crores via IPO. The issue is priced at ₹105 per equity share. The IPO is to be listed on BSE.

When Nexxus Petro Industries IPO will open for subscription?

The IPO is to open on September 26, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 30, 2024.

What is Nexxus Petro Industries IPO Investors Portion?

The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.

How to Apply the Nexxus Petro Industries IPO?

You can apply for Nexxus Petro Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Nexxus Petro Industries IPO Issue Size?

Nexxus Petro Industries IPO issue size is ₹19.43 crores.

What is Nexxus Petro Industries IPO Price Band?

Nexxus Petro Industries IPO Price Band is ₹105.

What is Nexxus Petro Industries IPO Lot Size?

The minimum bid is 1200 Shares with ₹126,000 amount.

What is the Nexxus Petro Industries IPO Allotment Date?

Nexxus Petro Industries IPO allotment date is October 1, 2024.

What is the Nexxus Petro Industries IPO Listing Date?

Nexxus Petro Industries IPO listing date is October 4, 2024. The IPO is to list on BSE.

Note: The Nexxus Petro Industries IPO price band and date are officially announced. The (Nexxus Petro Industries IPO grey market premium) will be added to the IPO GMP page as it will start).
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