Nexxus Petro Industries IPO Details
| IPO Size | ₹19.43 Cr |
| Price Range | ₹105 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 1,200 |
| Investment (cut-off price) | ₹126,000 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Nexxus Petro Industries IPO Timelines
26/09/2024
Start Date30/09/2024
End Date03/10/2024
Refund Initiation03/10/2024
Credit of Shares to Demat Ac04/10/2024
Listing DateNexxus Petro Industries IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹126,000 |
| Retail Maximum | 1 | 1200 | ₹126,000 |
| HNI Minimum | 2 | 2400 | ₹252,000 |
Nexxus Petro Industries IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 8.41x | 8.48x | -- | 8.44x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹126 | ₹132.30 | ₹132.30 | ₹126 |
Nexxus Petro Industries IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹48.47 | ₹47.73 | ₹0.54 |
| FY 2023 | ₹142.84 | ₹140.04 | ₹2.01 |
| FY 2024 | ₹238.38 | ₹233.64 | ₹3.48 |
About Company
Nexxus Petro Industries Limited is a fast-growing provider of Bitumen (Asphalt) solutions in India. The company specializes in manufacturing, supplying, importing, and distributing high-quality Bitumen, Bitumen Emulsions, and related products to infrastructure companies, government bodies, road authorities, and the Bitumen industry. Nexxus Group is focused on delivering superior products and services, supported by a skilled team of professionals dedicated to customer satisfaction.
The company is committed to adhering to the highest standards of quality, safety, and environmental responsibility, ensuring that all its products undergo a comprehensive quality assurance process. Nexxus Group plays a significant role in advancing India’s infrastructure development.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2021 | Chemicals | Haresh Senghani |
Know Before Investing
Nexxus Petro Industries IPO Strengths
- Extensive management experience driving business success.
- Strong focus on delivering quality in all operations.
- Established relationships with both suppliers and customers.
- Strategic location of current and upcoming manufacturing units.
- Efficient and optimal utilization of resources for business operations.
Nexxus Petro Industries IPO Risks
- Outstanding tax proceedings against its Promoters may negatively impact the company’s business, financial condition, and operations.
- Past instances of negative cash flow could affect financial stability and growth.
- Limited operating and financial history makes it challenging to assess future growth prospects accurately.
Swot Analysis for Nexxus Petro Industries IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
Nexxus Petro Industries Limited
B-811 Swati Trinity
Applewood Township Sanathal Sanand
Ahmedabad, Dascroi-382210
Phone: +91 2717 454317
Email: [email protected]
Website: http://www.nexxusgroup.co.in/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Nexxus Petro Industries IPO are:
- Funding the working capital requirements of the Company; and
- General corporate purposes.
Srujan Alpha Capital Advisors Llp is the book-running lead managers for the Nexxus Petro Industries IPO.