Nexxus Petro Industries Limited trades manufactures, and sells 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.
Nexxus Petro Industries IPO – Details
| IPO Opening Date | 26 September 2024 |
| IPO Closing Date | 30 September 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 18,50,400 Shares Worth ₹19.43 Crore Fresh Issue: 18,50,400 Shares Worth ₹19.43 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹105 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Kfin Technologies Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Nexxus Petro Industries IPO – Date Schedule
| IPO Open Date | 26 September 2024 |
| IPO Close Date | 30 September 2024 |
| Basis of Allotment | 01 October 2024 |
| Initiation of Refund | 03 October 2024 |
| Credit of Shares to Demat Account | 03 October 2024 |
| IPO Listing Date | 04 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Nexxus Petro Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,26,000 |
| Retail (Max) | 1 | 1200 | ₹1,26,000 |
| HNI (Min) | 2 | 2400 | ₹2,52,000 |
Competitive Strengths
- Management Experience;
- Quality focused business delivery;
- Existing relationship with suppliers and customers;
- Strategic location of the existing and upcoming manufacturing unit;
- Optimal Utilization of Resources; and
- Scalable Business Model.
Company Promoters
- Mr. Haresh Mohanlal Senghani
- Mr. Rahul Mohanlal Senghani
- Mrs. Hinaben Haresh Senghani
- Mrs. Manishaben Rahul Senghani
Company Financials
| Particulars | Total Revenue | Total Expenses | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 48.47 | 47.72 | 0.54 | 3.69 |
| 31 March 2023 | 142.83 | 140.04 | 2.00 | 8.35 |
| 31 March 2024 | 238.37 | 233.63 | 3.48 | 21.61 |
Key Performance Indicator
| 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 |
Object Of The Issue
- Funding the working capital requirements of the Company; and
- General corporate purposes.
Nexxus Petro Industries IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Nexxus Petro Industries IPO Prospectus
Company Contact Information
| 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/ |
Nexxus Petro Industries IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: npil.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Nexxus Petro Industries IPO Lead Manager(s)
| 1. Srujan Alpha Capital Advisors LLP |
Nexxus Petro Industries IPO FAQs
| What is Nexxus Petro Industries IPO? Nexxus Petro Industries IPO is a SME IPO. The issue is priced at ₹105 per equity share. The IPO is to be listed on BSE SME. |
| When Nexxus Petro Industries IPO will open? The IPO is to open on 26 September 2024 for NII and Retail Investors. |
| What is Nexxus Petro Industries IPO Investors Portion? The investors’ portion for Retail is 50%, and NII is 50%. |
| How to Apply the Nexxus Petro Industries IPO? You can apply 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. |
| How to Apply the Nexxus Petro Industries IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Nexxus Petro Industries IPO” Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Nexxus Petro Industries IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Nexxus Petro Industries IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Nexxus Petro Industries IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Nexxus Petro Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Nexxus Petro Industries IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Nexxus Petro Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Nexxus Petro Industries IPO Size? Nexxus Petro Industries IPO size is ₹19.43 Crore. |
| What is Nexxus Petro Industries IPO Price Band? Nexxus Petro Industries IPO Price Band is ₹105. |
| What is Nexxus Petro Industries IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1200 Shares with ₹1,26,000 amount while the maximum bid is 1200 Shares with ₹1,26,000. |
| What is the Nexxus Petro Industries IPO Allotment Date? Nexxus Petro Industries IPO allotment date is 01 October 2024. |
| What is the Nexxus Petro Industries IPO Listing Date? Nexxus Petro Industries IPO listing date is 04 October 2024. The IPO is to be listed on BSE SME. |
