The Nexxus Petro Industries IPO will open on September 26, 2024, and close on September 30, 2024. This IPO is a Fixed Price Issue, aiming to raise approximately ₹19.43 crores. The offer includes a fresh issue of ₹19.43 crores and an offer for sale of an undisclosed number of equity shares, each with a face value of ₹10.
The price per share for the Nexxus Petro Industries IPO is set at ₹105. The allocation for retail investors is 50%, while 50% is reserved for HNIs, with no quota for QIBs. The IPO is expected to list on the BSE on October 4, 2024, with allotments finalized by October 1, 2024.
In terms of financial performance, the company reported a revenue of ₹238.38 crores in 2024, up from ₹142.84 crores in 2023. Profits also grew from ₹2.01 crores in 2023 to ₹3.48 crores in 2024. Based on these financials, the IPO may be considered a good long-term investment.
Objects of the Issue
To fund the company’s working capital requirements.
For general corporate purposes.
Nexxus Petro Industries IPO Review
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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% |
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Nexxus Petro Industries IPO Market Lot
The minimum market lot for the Nexxus Petro Industries IPO is 1,200 shares, requiring an application amount of ₹1,26,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,200 | ₹ 1,26,000 |
| Retail Maximum | 1 | 1,200 | ₹ 1,26,000 |
| HNI Minimum | 2 | 2,400 | ₹ 2,52,000 |
The Nexxus Petro Industries IPO will open on September 26, 2024, and close on September 30, 2024.
| 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 Nexxus Petro Industries are Mr. Haresh Mohanlal Senghani, Mr. Rahul Mohanlal Senghani, Mrs. Hinaben Haresh Senghani, and Mrs. Manishaben Rahul Senghani.
About Nexxus Petro Industries IPO
Nexxus Petro Industries Limited was established at B-811 Swati Trinity, Applewood Township, Sanathal Sanand, Sarkhej, Ahmedabad, Dascroi, Gujarat, India, 382210. Initially incorporated as a private limited company on October 5, 2021, it was converted to a public limited entity on July 18, 2023.
The company is involved in the trading, manufacturing, and sale of petrochemical products, particularly Bitumen, which is widely used in the infrastructure and road construction industries. Their product range includes various grades of Bitumen, classified based on viscosity and related properties. Bitumen is processed at their units in Mundra (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh), which positions the company for future success.
Nexxus Petro Industries is focused on client satisfaction, adapting to customer needs by selling both processed and traded bitumen directly to clients. The company’s directors and promoters maintain close relationships with customers through direct marketing and personal interactions.
Nexxus Petro Industries IPO Financial Report
In 2024, the company reported revenue of ₹238.38 crores, up from ₹142.84 crores in 2023. Profit also grew, reaching ₹3.48 crores in 2024, compared to ₹2.01 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 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 |
Key Performance Indicator
As of March 31, 2024, the market capitalization of Nexxus Petro Industries stands at ₹72.98 crores.
| KPI | Values |
| ROE | 61.77% |
| ROCE | 20.81% |
| Debt/Equity | 2.5 |
| RoNW | 40.36% |
| P/BV | 6.2 |
| PAT Margin (%) | 1.47 |
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.
| KPI | Values |
| ROE: | 61.77% |
| ROCE: | 20.81% |
| EBITDA Margin: | 2.58% |
| PAT Margin: | 1.47% |
| Debt to equity ratio: | 2.5 |
| 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
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Agarwal Industrial Corporation Ltd | 32.7 | 28.29 | 16.58% | 19.9 | – Cr. |
Nexxus Petro Industries IPO Registrar
- KFin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: npil.ipo@kfintech.com
- Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers (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: cs@nexxusgroup.co.in
- Website: http://www.nexxusgroup.co.in/
Nexxus Petro Industries IPO FAQs
What is the Nexxus Petro Industries IPO?
Nexxus Petro Industries IPO is an SME IPO through which the company aims to raise ₹19.43 crores. The issue is priced at ₹105 per equity share, and the IPO will be listed on the BSE.
When will the Nexxus Petro Industries IPO open for subscription?
The IPO will open for subscription on September 26, 2024, for QIB, NII, and Retail Investors. It will close on September 30, 2024.
What is the investors’ portion in the Nexxus Petro Industries IPO?
The allocation is 0% for QIB, 50% for NII, and 50% for Retail Investors.
How can I apply for the Nexxus Petro Industries IPO?
You can apply for the IPO through ASBA online via your bank account, or via UPI through your stock broker. Alternatively, you can apply by submitting an offline form with your stock broker.
What is the issue size of the Nexxus Petro Industries IPO?
The issue size of the Nexxus Petro Industries IPO is ₹19.43 crores.
What is the price band for the Nexxus Petro Industries IPO?
The price band for the Nexxus Petro Industries IPO is ₹105 per share.