Nexxus Petro Industries is launching a fixed price IPO of ₹19.43 crores, consisting entirely of a fresh issue of 18.5 lakh shares. The company’s entry into the IPO segment marks a significant step toward expanding its market presence and attracting new investors.
The IPO will be open for subscription from September 26, 2024, to September 30, 2024, with the allotment expected on October 1, 2024. The company is set to list on the BSE SME, with a tentative listing date of October 4, 2024.
The IPO price is set at ₹105 per share, with a minimum application size of 1,200 shares, requiring a minimum investment of ₹126,000 for retail investors. For HNIs, the minimum investment is 2 lots (2,400 shares), amounting to ₹252,000.
Srujan Alpha Capital Advisors LLP is the book-running lead manager for the IPO, with Kfin Technologies Limited as the registrar. Gretex Share Broking is the market maker for this issue.
Step-by-Step Instructions to Apply for the Nexxus Petro Industries Limited IPO!
Nexxus Petro Industries Limited BSE SME IPO Details
| Detail | Information |
| IPO Opening Date | September 26, 2024 |
| IPO Closing Date | September 30, 2024 |
| Listing Date | October 4, 2024 |
| IPO Face Value | ₹10 per share |
| Price Band | ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,850,400 shares (aggregating up to ₹19.43 Cr) |
| Fresh Issue | 1,850,400 shares (aggregating up to ₹19.43 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 5,100,000 shares |
| Shareholding Post-Issue | 6,950,400 shares |
| Market Maker Portion | 93,600 shares (Gretex Share Broking) |
Nexxus Petro Industries Limited | Company Overview
Founded in October 2021, Nexxus Petro Industries Limited specialises in the trading, manufacturing, and sale of petrochemical products, with a focus on bitumen. The company supplies high-quality bitumen, bitumen emulsions, and specialised bituminous products to infrastructure firms, government agencies, road authorities, and the broader bitumen industry.
Nexxus Petro Industries Limited saw a 67% increase in revenue and a 73% growth in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2024.
The company operates three manufacturing units located in Gujarat, Rajasthan, and Madhya Pradesh, with factories in Kutch, Pali, and Bhopal, respectively. As of September 2024, it has 17 permanent staff members.
Nexxus Petro Industries IPO – Key Details
- Nexxus Petro Industries Limited IPO Open Date: September 26, 2024
- Nexxus Petro Industries Limited IPO Close Date: September 30, 2024
- Basis of Allotment: October 1, 2024
- Initiation of Refunds: October 3, 2024
- Nexxus Petro Industries Limited IPO Listing Date: October 4, 2024
- Nexxus Petro Industries Limited IPO Subscription Status: 0.31 times on September 26, 2024 12:15:10 PM
Apply for Nexxus Petro Industries Limited IPO – Free Demat Account + Zero Brokerage
Financial Highlights of Nexxus Petro Industries Limited
Nexxus Petro Industries has shown remarkable growth in recent years, maintaining a consistent streak.
| Period Ended | Assets (₹ Lakh) | Revenue (₹ Lakh) | Profit After Tax (₹ Lakh) | Net Worth (₹ Lakh) |
| 31 Mar 2024 | 3,892.55 | 23,837.57 | 348.47 | 863.4 |
| 31 Mar 2023 | 1,644.96 | 14,283.95 | 200.87 | 264.93 |
| 31 Mar 2022 | 932.77 | 4,847.02 | 54.06 | 54.06 |
FAQs | Nexxus Petro Industries Limited IPO
The Nexxus Petro Industries Limited IPO opens for subscription on September 26, 2024, and closes on September 30, 2024.
The minimum lot size is 1200 shares.
The IPO launch date is September 26, 2024.
You can check the allotment of IPO status as well as IPO refund status by visiting the registrar’s website and entering your application details.
The bidding period is from September 26 to September 30, 2024.
The face value is ₹10 per share.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.