October 4, 2024
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Nexxus Petro listing Review
On 4th October 2024, the scrip is listed at Rs. 126, premium of 20% over the issue price.
Nexxus Petro IPO allotment Link
For latest GMP, Click
Subscription status of Nexxus Petro IPO
Will update once the IPO opens for subscription
What is the business of Nexxus Petro?
Nexxus Petro Industries Limited: Leading the Way in Petrochemical Products
Incorporated in October 2021, Nexxus Petro Industries Limited specializes in the trading, manufacturing, and sale of high-quality petrochemical products, with a focus on bitumen products. Its commitment to excellence has established it as a trusted partner for infrastructure and construction companies, government agencies, road authorities, and the broader bitumen industry.
High-Quality Bitumen Solutions
At Nexxus, it produces and distributes a range of superior bitumen products, including bitumen emulsions and specialized bituminous allied products. Its products meet rigorous quality standards, supported by its BIS and ISO certification. The state-of-the-art processing units have recently undergone upgrades, significantly enhancing both production capacity and product quality. This improvement has attracted a growing customer base, driven by its dedicated client-focused approach.
Strategic Manufacturing Locations
The company operates three advanced manufacturing facilities located in:
- Kutch, Gujarat
- Pali, Rajasthan
- Bhopal, Madhya Pradesh
These factories are equipped with modern machinery and cutting-edge processes, ensuring it delivers the best products to its clients.
Its Workforce
As of September 2024, its dedicated team comprises 17 permanent employees, all committed to maintaining its high standards of quality and service.
Competitive Strengths
Nexxus Petro Industries stands out in the industry due to:
- Experienced Management Team: Its skilled management oversees daily operations, ensuring efficiency and excellence.
- Strong Supplier Relationships: It has cultivated robust partnerships with suppliers to foster business growth and stability.
- Modern Manufacturing Facilities: Its factories utilize advanced technology, enabling it to produce top-tier products efficiently.
Get more information about the company @ http://www.nexxusgroup.co.in/
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Nexxus Petro IPO Details |
|
| IPO opens on | 26 September 2024 |
| IPO closes on | 30 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 18,50,400 Shares / Rs 19.43 Crore |
| * Fresh Issue | 18,50,400 Shares / Rs 19.43 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 93,600 Shares |
| Net offer to Public | 17,56,800 Shares/ Rs.18.45 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.105 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 8,78,400 | 9.22 |
| RII (50%) | 8,78,400 | 9.23 |
| Total Shares | 1756,800 | 18.45 |
| Retail portion will be oversubscribed by |
732 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.126000 |
| Min HNI Application | 2400 Shares | Rs.252000 |
Who are the Promoters of Nexxus Petro IPO?
The Promoters of the Company are Mr. Haresh Mohanlal Senghani, Mr. Rahul Mohanlal Senghani, Mrs. Hinaben Haresh Senghani and Mrs. Manishaben Rahul Senghani.
What are the Objects of Nexxus Petro IPO?
The Offer comprises of fresh issue of shares.
The Company proposes to utilise the Net Proceeds towards funding the following objects
- Funding the working capital requirements of the Company; and
- General corporate purposes.
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Tentative timetable |
|
| IPO opens on | 26 September 2024 |
| IPO Closes on | 30 September 2024 |
| IPO Allotment on | 1 October 2024 |
| Refund Initiation | 3 October 2024 |
| Credit of Shares | 3 October 2024 |
| Listing on | 4 October 2024 |
| Registered Office of the Company SNexxus Petro Industries Limited B-811 Swati Trinity Applewood Township Sanathal Sanand Ahmedabad, Dascroi-382210 |
| Who is the Lead Manager of this IPO? Srujan Alpha Capital Advisors LLP |
|
Who is the Registrar to IPO? Kfin Technologies Limited |
Nexxus Petro IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Nexxus Petro IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 48.47 | 0.54 | 2.08 | – |
| 2022-23 | 142.84 | 2.01 | 7.73 | – |
| 2023-24 | 238.38 | 3.48 | 8.99 | 40.36 |
| Book Value of the Share on 31.03.2024 |
Rs | 16.93 | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 105 | ||
IPO
|
|
| Price/EPS of 23-24 | 11.68 |
| Price/BV Ratio | 6.20 |
| Price/BV after IPO | |
How Nexxus Petro IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Nexxus Petro | 10 | 11.68 | |
| Agarwal Industrial Corp | 10 | 28.29 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Nexxus Petro IPO Review
Incorporated in October 2021, Nexxus Petro Industries Limited specializes in the trading, manufacturing, and sale of high-quality petrochemical products, with a focus on bitumen products.
Size: Net size of the IPO is Rs.18.45 crore, comprising of 17,56,800 shares. IPO size is not very large considering the recent trends. However due to large number of IPOs opening now, huge oversubscription may not be possible
Financial Snapshot: The company has good profitability and growth during last 3 years. The shares are offered at reasonable valuation
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
Nexxus Petro IPO GMP today allotment, review?
Nexxus Petro IPO GMP grey market premium
Nexxus Petro IPO FAQs
What is Nexxus Petro IPO?
This is a SME IPO of 18,50,400 equity shares of the face value of Rs. 10 aggregating up to Rs.19.43 Crores. The issue is priced at Rs.105 per share. The minimum order quantity is 2000 Shares.
When will Nexxus Petro IPO subscription open?
Nexxus Petro IPO opens on September 26, 2024, and closes on September 30, 2024.
What is the lot size of Nexxus Petro IPO?
Nexxus Petro IPO lot size is 1200 Shares, and the minimum amount required is Rs.126000
How to apply for Nexxus Petro IPO?
You can apply in Nexxus Petro 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Nexxus Petro IPO allotment?
The finalization of Basis of Allotment for Nexxus Petro IPO will be done on October 1, 2024, and the allotted shares will be credited to your demat account by October 3, 2024.
When is Nexxus Petro IPO listing date?
Nexxus Petro IPO listing date is October 4, 2024.
