Nexxus Petro Industries IPO Details
Nexxus Petro Industries IPO Summary
Nexxus Petro Industries IPO opens for subscription on 26 Sep 2024 and closes on 30 Sep 2024.The IPO will be listed on BSE with the tentative listing date set for 04 Oct 2024.
Nexxus Petro Industries IPO price band has been fixed at ₹105 – ₹105 per share. The face value is ₹10 per share with a lot size of 1200.
Nexxus Petro Industries IPO total issue size comprises 18,50,400 shares (aggregating up to ₹19.43 Cr). This includes a fresh issue of 18,50,400 shares (aggregating up to ₹19.43 Cr). Pre-issue shareholding stands at 51,00,000, which will increase to 69,50,400 post-issue.
Nexxus Petro Industries IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Nexxus Petro Industries IPO Lot Size :Retail Minimum is 1 lot (1,200 shares) amounting to ₹126,000. Retail Maximum is 1 lot (1,200 shares) amounting to ₹126,000. HNI Minimum is 2 lots (2,400 shares) amounting to ₹252,000.
The Lead Managers for Nexxus Petro Industries IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Srujan Alpha Capital Advisors LLP. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Gretex Share Broking Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Nexxus Petro Industries Limited RHP.
Nexxus Petro Industries IPO Details
Nexxus Petro Industries IPO Subscription
Nexxus Petro Industries IPO Application Wise Breakup
Nexxus Petro Industries IPO Dates
- 26 Sep 2024Opening dateOpen
- 30 Sep 2024Closing dateClose
- 01 Oct 2024Allotment Date Allotment
- 03 Oct 2024Initiation of RefundsRefund
- 03 Oct 2024Credit of SharesCredit
- 04 Oct 2024Listing dateListing
Nexxus Petro Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹126,000 |
| Retail Maximum | 1 | 1200 | ₹126,000 |
| HNI Minimum | 2 | 2400 | ₹252,000 |
Nexxus Petro Industries IPO Reservation
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Nexxus Petro Industries IPO Valuations
Nexxus Petro Industries Financial Information
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 | ||||||||||||||||||||||||||||||
About Nexxus Petro Industries IPO
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
- Experienced Management Team to look after day to day operations.
- Strong Supplier relationship for business growth
- Factories in Kutch, Gujarat, Pali, Rajasthan, and Bhopal, Madhya Pradesh, are well-equipped with modern machines and advanced processes.
Strength Of Nexxus Petro Industries IPO
1. Management Experience.
2. Quality focused business delivery.
3. Existing relationship with suppliers and customer.
4. Strategic location of the existing and upcoming manufacturing unit.
5. Optimal Utilization of Resources.
6. Scalable Business Model.
Risk Of Nexxus Petro Industries IPO
1. There is certain outstanding tax proceedings against its Promoters which may adversely affect the company's business, financial condition and results of operations.
2. The company has experienced negative cash flows in the past.
3. The company has a limited operating and financial history, which makes it difficult to accurately assess its future growth prospects.
4. Its main product Bitumen is a petrochemical product and considerd hazardous in nature. In the event of any accidents involving any such hazardous materials and substances, the Company may be held liable for subsequent damages and litigations.
5. The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
6. The company relies significantly on some suppliers for the supply of its raw materials. If these suppliers are unable or unwilling to supply raw materials on time or otherwise fail to meet its requirements, the company's business will be harmed. An inability to procure the desired quality, quantity of its raw materials in a timely manner and at reasonable costs, or at all, may have a material adverse effect on its business, results of operations and financial condition.
7. Its Registered office and factory are on rented premises.
8. A certain amount of its revenue is generated from certain key customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect the company's business, results of operations, financial condition and cash flows.
9. The company operates in a competitive industry dominate by large integrated players.
10. Its bitumen business is subject to seasonal and other fluctuations that may affect its cash flows and business operations.
Objectives Nexxus Petro Industries IPO
- Funding the working capital requirements of the Company; and
- General corporate purposes.
Company Contact Details
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/
Registrar Contact Details
Nexxus Petro Industries FAQs
The Nexxus Petro Industries IPO is a SME public issue comprising 1850400 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹19.43 Cr. The issue price has been fixed at ₹105 per equity share, and the minimum application size is 1200 shares.
The IPO opens for subscription on 26 Sep 2024, and closes on 30 Sep 2024.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹0 (0%).
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