IPO - Check IPO Date, Price, Lot Size

Nexxus Petro Industries Ltd IPO

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.

Nexxus Petro Industries Ltd IPO Details

Total Shares Offered

₹ 18,50,400

Offer to Public

TBA

Retail Max (Shares)

₹ 8,78,400

Pre Issue Promoters Holding

₹ 51,00,000

Exchange

BSE

Issue size

TBA

IPO Open Date

Sep 26, 2024

Close Date

Sep 30, 2024

Lot Size

1200

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

Oct 4, 2024

Nexxus Petro Industries Ltd IPO Dates

Sep 26, 2024

Opening date

Sep 30, 2024

Closing date

Oct 1, 2024

Basis of Allotment

Oct 3, 2024

Initiation of Refunds

Oct 3, 2024

Credit of Shares

Oct 4, 2024

Listing date

Details

Sector	Type
Sector	Petrochemicals
Sub Sector	NA
Issue Type	Fixed Price - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	0
NII	0x	878400
Retail	0x	878400
Employee	0x	0
Total	0x	1850400

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

878400

1850400

Nexxus Petro Industries Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	8.92	5.22	3.02
EBITDA	9.74	5.66	3.24
PAT	6.09	3.52	2.01
Total Assets	52.50	33.62	15.45
Share Capital	6.95	5.10	0.10
Total Borrowings	23.38	21.46	13.98
Operating Activities (Net Cash)	6.91	3.96	2.23
Investing Activities (Net Cash)	0.83	0.00	0.00
Financing Activities (Net Cash)	23.38	21.46	13.98
Net Cashflow	4.37	2.80	0.26

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.

Peer Comparison:

Agarwal Industrial Corporation Ltd

Nexxus Petro Industries Ltd 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.

How To Apply for Nexxus Petro Industries Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

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

Nexxus Petro Industries Ltd's IPO offers shares for up to 19.43 It begins on Sep 26, 2024 and ends on Sep 30, 2024.

What is the price of the Nexxus Petro Industries Ltd IPO?

The price of Nexxus Petro Industries Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Nexxus Petro Industries Ltd IPO?

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

When will the Nexxus Petro Industries Ltd IPO be allotted?

The allotment for the Nexxus Petro Industries Ltd IPO will be finalised on Oct 1, 2024. The shares will be listed on BSE and NSE on Oct 4, 2024.

What is the minimum lot size required for Nexxus Petro Industries Ltd IPO?

The minimum lot size for Nexxus Petro Industries Ltd IPO is 1200 shares, priced between NA to NA per share.

What is the GMP of Nexxus Petro Industries Ltd IPO?

The GMP (Grey Market Premium) of Nexxus Petro Industries Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Nexxus Petro Industries Ltd IPO?

To check the allotment status of Nexxus Petro Industries Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Nexxus Petro Industries Ltd IPO getting listed?

The Nexxus Petro Industries Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 26, 2024, and closes on Sep 30, 2024. The allotment is finalised on Oct 1, 2024.

How do you apply for the Nexxus Petro Industries Ltd IPO?

To apply for the Nexxus Petro Industries Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.