Nexxus Petro Industries Ltd IPO
Open Demat Account
Nexxus Petro Industries Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 18.5 L | TBA | ₹ 8.78 L | ₹ 51 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 26 Sep, 24 | 30 Sep, 24 | 1200 | TBA | Fixed Price - SME | 04 Oct, 24 |
Nexxus Petro Industries Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Chemicals |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 8.51x | 878400 | 7477200 |
| Retail | 8.48x | 878400 | 7449600 |
| Employee | 0x | 0 | 0 |
| Total | 8.07x | 1850400 | 14926800 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Nexxus Petro Industries Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 5.18 | 3.02 | 0.81 |
| EBITDA | 5.62 | 3.24 | 0.86 |
| PAT | 3.48 | 2.01 | 0.56 |
| Total Assets | 33.59 | 15.45 | 8.86 |
| Share Capital | 5.10 | 0.10 | 0.10 |
| Total Borrowings | 21.51 | 13.98 | 5.08 |
| Operating Activities (Net Cash) | 3.92 | 2.23 | 0.61 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 21.51 | 13.98 | 5.08 |
| Net Cashflow | 2.80 | 0.26 | 0.52 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Nexxus Petro Industries Ltd
Our Company was originally incorporated as Nexxus Petro Industries Private Limited as a private limited company under the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation dated October 5, 2021, issued by the Assistant Registrar of Companies, Central Registration Center. Thereafter, our Company was converted in to a public limited company under the name, Nexxus Petro Industries Limited on July 18, 2023 vide Special Resolution passed by shareholders at the Extra Ordinary General Meeting of our Company held on July 13, 2023 and a fresh certificate of Incorporation dated July 18, 2023 was issued by Registrar of Companies, Ahmedabad, Gujarat vide CIN No. U50400GJ2021PLC126116.
Asia-Pacific will exceed USD 35 Billion in 2027 driven by the growing application of bitumen products in various applications. The road and highway construction industry in APAC countries, such as China, India, and Australia, has been increasing rapidly and is driven by the growing automobile ownership and increasing urbanization in the region. The rise in freight and passenger road transportation in the country, followed by manufacturing activities will further propel road construction and development. Additionally, growing investment industrial sectors have significantly influenced the bitumen revenue in the country.
Our Company is engaged in trading, manufacturing and selling of Petrochem products namely Bitumen products. Our product is widely used in infrastructure sector being road construction industry. Our range of products includes various grades of Bitumen which are classified on the base of viscosity and related properties of each grades. Presently, we procure bitumen via imports from Dubai as well as purchase from other domestic importers/sellers in India. We further process the bitumen procured at our processing units located at Mundra, Gujarat. Apart from sale of processed bitumen, we also trade in bitumen by directly selling it to customers as per the requirement. We endeavor to supply products to our Customers at competitive prices yet keeping quality standards.
Peer Comparison:
- Agarwal Industrial Corporation Ltd
Nexxus Petro Industries Ltd IPO Key Points
Strengths
- Management Experience.
- Quality focused business delivery.
- Existing relationship with suppliers and customer.
- Strategic location of the existing and upcoming manufacturing unit.
- Optimal Utilization of Resources.
Risk
- There is certain outstanding tax proceedings against its Promoters which may adversely affect the company's business, financial condition and results of operations.
- The company has experienced negative cash flows in the past.
- The company has a limited operating and financial history, which makes it difficult to accurately assess its future growth prospects.
Strategy
- Expanding our clientele Network by Geographic expansion.
- Maintaining and enhancing relationship with customers and suppliers.
- Focus on quality parameters for our products.
- Management Experience.
- Quality focused business delivery.
- Existing relationship with suppliers and customer.
- Strategic location of the existing and upcoming manufacturing unit.
- Optimal Utilization of Resources.
How To Apply for Nexxus Petro Industries Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.