Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Nexxus Petro Industries IPO is a fixed price issue of Rs 19.43 crores. The issue is entirely a fresh issue of 18.5 lakh shares.
Nexxus Petro Industries IPO bidding opened for subscription on September 26, 2024 and will close on September 30, 2024. The allotment for the Nexxus Petro Industries IPO is expected to be finalized on Tuesday, October 1, 2024. Nexxus Petro Industries IPO will list on BSE SME with tentative listing date fixed as Friday, October 4, 2024.
Nexxus Petro Industries IPO price is ₹105 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹252,000.
Srujan Alpha Capital Advisors Llp is the book running lead manager of the Nexxus Petro Industries IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Nexxus Petro Industries IPO is Gretex Share Broking.
Refer to Nexxus Petro Industries IPO RHP for detailed information.
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,850,400 shares (aggregating up to ₹19.43 Cr) |
| Fresh Issue | 1,850,400 shares (aggregating up to ₹19.43 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,100,000 |
| Share holding post issue | 6,950,400 |
| Market Maker portion | 93,600 shares Gretex Share Broking |
Nexxus Petro Industries IPO offers 18,50,401 shares. 8,78,400 (47.47%) to NII, 8,78,400 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 93,600 (5.06%) |
| Other Shares Offered | 8,78,400 (47.47%) |
| Retail Shares Offered | 8,78,400 (47.47%) |
| Total Shares Offered | 18,50,401 (100%) |
Nexxus Petro Industries IPO opens on September 26, 2024, and closes on September 30, 2024.
| IPO Open Date | Thursday, September 26, 2024 |
| IPO Close Date | Monday, September 30, 2024 |
| Basis of Allotment | Tuesday, October 1, 2024 |
| Initiation of Refunds | Thursday, October 3, 2024 |
| Credit of Shares to Demat | Thursday, October 3, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| HNI (Min) | 2 | 2,400 | ₹252,000 |
| Lot Size Calculator | |||
The Promoters of the Company are Mr. Haresh Mohanlal Senghani, Mr. Rahul Mohanlal Senghani, Mrs. Hinaben Haresh Senghani and Mrs. Manishaben Rahul Senghani.
| Share Holding Pre Issue | 100.00% |
| 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 | |||||||||||||||||||||||||||
| Revenue | 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 Rs 72.98 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 61.77% |
| ROCE | 20.81% |
| Debt/Equity | 2.5 |
| RoNW | 40.36% |
| P/BV | 6.2 |
| PAT Margin (%) | 1.47 |
| 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...
Nexxus Petro Industries Limited
B-811 Swati Trinity
Applewood Township Sanathal Sanand
Ahmedabad, Dascroi-382210
Phone: +91 2717 454317
Email: cs@nexxusgroup.co.in
Website: http://www.nexxusgroup.co.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: npil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Nexxus Petro Industries IPO is a SME IPO of 1,850,400 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 Shares.
The IPO opens on September 26, 2024, and closes on September 30, 2024.
Kfin Technologies Limited 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 Shares, and the minimum amount required is ₹126,000.
You can apply in Nexxus Petro Industries IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
