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Nexxus Petro Industries Ltd

Chemicals

Offer Period :

26th to 30th Sep 2024

Incorporated in October 2021, Nexxus Petro Industries Limited trades and manufactures petrochemical products, specializing in bitumen. The company supplies high-quality Read more...bitumen products to infrastructure firms, government agencies, and road authorities. Certified by BIS and ISO, Nexxus has upgraded its processing unit, boosting production and product quality. With three modern manufacturing units in Gujarat, Rajasthan, and Madhya Pradesh, the company’s strong supplier relationships and experienced management team drive its growth. As of September 2024, it has 17 permanent employees. Read less

Nexxus Petro Industries Ltd IPO Details

IPO Date 26th to 30th Sep 2024 Minimum Investment ₹126000 / 1 Lots
Listing Date 2024-10-04 Maximum Investment ₹126000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹19.43 Crores
Price ₹105 to ₹105 per share Fresh Issue ₹19.43 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 26th to 30th Sep 2024
Listing Date 2024-10-04
Face Value ₹10 per share
Price ₹105 to ₹105 per share
Lot Size 1 Lots (1200 Shares)
Listing At BSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹126000 / 1 Lots
Maximum Investment ₹126000 / 1 Lots
Total Issue Size ₹19.43 Crores
Fresh Issue ₹19.43 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

26th Sep

IPO Starts

30th Sep

IPO Ends

1st Oct

Allotment Date

3rd Oct

Initiation of Refund

3rd Oct

Credit of Shares to Demat Account

4th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 73.38
Public Group 0 26.62

Nexxus Petro Industries Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 878400(47.47%)
Retail Shares Offered 878400(47.47%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 1850400
Total Shares With Anchor Investor 1850400

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Nexxus Petro Industries Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 67162222
Email Id einward.ris@kfintech.com
Our Website www.kfintech.com

Nexxus Petro Industries Ltd IPO Lead Manager

1. Srujan Alpha Capital Advisors LLP

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Nexxus Petro Industries Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Non Institutional Investors 9,72,000 4,82,400 11,666.0
Retail Individual Investors (RIIs) 8,78,400 40,27,200 11,666.0
Total 18,50,401 45,09,600 11,666.0

Strength of Nexxus Petro Industries Ltd

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.

Risks Involved

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.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Nexxus Petro Industries Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-04 544265 -
INE0QUL01011
₹105 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹105 ₹105
Open ₹126 ₹0
Low ₹126 ₹0
High ₹132.3 ₹0
Low ₹126 ₹0

Frequently Asked Questions

What is Nexxus Petro Industries Ltd IPO?

Answer Field

Nexxus Petro Industries Ltd IPO is a SME IPO of 18,50,400 equity shares of a face value of ₹10 aggregating up to ₹19.43 Crores. The issue is priced at ₹105 to ₹105 per share. The minimum order quantity is 1200 Shares. The IPO opens on September 26, 2024, and closes on September 30, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Nexxus Petro Industries Ltd IPO will open?

Answer Field

The Nexxus Petro Industries Ltd IPO opens on September 26, 2024 and closes on September 30, 2024.

What is the lot size of Nexxus Petro Industries Ltd?

Answer Field

Nexxus Petro Industries Ltd lot size is 1200 shares, and the minimum amount required is ₹1,26,000.

How to apply for Nexxus Petro Industries Ltd IPO?

Answer Field

You can apply in Nexxus Petro Industries Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Nexxus Petro Industries Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Nexxus Petro Industries Ltd IPO will be done on October 01, 2024, and the allotted shares will be credited to your demat account by October 03, 2024.

When is Nexxus Petro Industries Ltd IPO listing date?

Answer Field

The Nexxus Petro Industries Ltd listing date is October 04, 2024.

Who is the registrar of Nexxus Petro Industries Ltd IPO?

Answer Field

The registrar of Nexxus Petro Industries Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Srujan Alpha Capital Advisors LLP will be the book-running lead manager of this IPO.

What is the fresh issue of Nexxus Petro Industries Ltd IPO?

Answer Field

The fresh issue size is ₹19.43 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Nexxus Petro Industries Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,26,000 amount.

How can I approve the UPI mandate request for Nexxus Petro Industries Ltd IPO?

Answer Field

To apply for Nexxus Petro Industries Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Nexxus Petro Industries Ltd?

Answer Field

The price of each Nexxus Petro Industries Ltd share will be ranging in between ₹105 to ₹105 per share.

What is the cut-off time for the UPI mandate for Nexxus Petro Industries Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 30, 2024.

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