Nexxus Petro Industries IPO Date, Review, Price, Allotment Details

Nexxus Petro Industries IPO

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.

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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

Coming Soon

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%

Read Also: Sahasra Electronics IPO Date, Review, Price, Allotment Details

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.

ApplicationLot SizeSharesAmount
Retail Minimum11,200₹ 1,26,000
Retail Maximum11,200₹ 1,26,000
HNI Minimum22,400₹ 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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
ROE61.77%
ROCE20.81%
Debt/Equity2.5
RoNW40.36%
P/BV6.2
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Agarwal Industrial Corporation Ltd32.728.2916.58%19.9– Cr.

Nexxus Petro Industries IPO Registrar

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.

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