September 26, 2024 - September 30, 2024

Nexxus Petro Industries IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Nexxus Petro Industries IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Nexxus Petro Industries IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Nexxus Petro Industries IPO Review by Dilip Davda (Avoid)

[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...

Nexxus Petro Industries IPO Peer Comparison

Nexxus Petro Industries Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Nexxus Petro Industries Limited	8.99	16.93	11.68	40.36	6.56
Agarwal Industrial Corporation Ltd.	32.7	19.9	28.29	16.58	48.68

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 figures for Nexxus Petro Industries Limited are based on Restated Financial Statements for the year ended March 31, 2024.
The figures for the Peer Group are based on the Standalone Financial Statements filed for the financial year ended March 31, 2024.
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.

Nexxus Petro Industries IPO Review by Members

Nexxus Petro Industries IPO Reviews, analysis and views by popular members. Read Nexxus Petro Industries Limited IPO reviews by retail investors to find recommended ipo to buy.

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Nexxus Petro Industries IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	1
%	50.00	0.00	0.00	50.00

Member	Review
chIPOrgarh (300+ Posts)	Avoid Expensively priced. Market maker's 2 of last 3 listings in negative 15%+. But couple of listings since Dec '23 returned 1000%+. 1 September 24, 2024 10:30:48 AM
Pradipkumar	Apply for Long Term at Cut-off Price Very good company September 24, 2024 1:25:10 PM

Member

Review

chIPOrgarh (300+ Posts)

Avoid

Expensively priced. Market maker's 2 of last 3 listings in negative 15%+. But couple of listings since Dec '23 returned 1000%+.

September 24, 2024 10:30:48 AM

Pradipkumar

Apply for Long Term at Cut-off Price

Very good company

September 24, 2024 1:25:10 PM

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