Nexxus Petro IPO Details
| IPO Issue Open Date: | 26 September 2024 |
| IPO Issue Close Date: | 30 September 2024 |
| IPO Issue Price Band: | ₹105 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹19.43 Crores | 1,850,400 shares |
| Fresh Issue: | ₹19.43 Crores | 1,850,400 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing At: | BSE |
| IPO Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than [.]% |
| NII Quota: | Not more than 50% |
| Employee Discount: | ₹[.] per share |
Nexxus Petro IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| DRHP Draft Prospectus: | Click Here |
Nexxus Petro IPO Dates Timeline
| Issue Open Date: | 26 September 2024 |
| Issue Close Date: | 30 September 2024 |
| Basis of Allotment Date: | 1 October 2024 |
| Refunds Initiation: | 3 October 2024 |
| Shares Credit in Demat: | 3 October 2024 |
| IPO Listing Date Detail: | 4 October 2024 |
Nexxus Petro IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 1200 shares = ₹126,000 |
| Retail (Max) | 1 lots and 1200 shares = ₹126,000 |
| HNI (Min) | 2 lots and 2400 shares = ₹252,000 |
| B-HNI Minimum | – |
Nexxus Petro IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹- | ₹- | ₹- | ₹- |
About Nexxus Petro
Nexxus Petro Industries Limited is engaged in trading, manufacturing and selling of Petrochem products namely Bitumen products. Their product is widely used in infrastructure sector being road construction industry. Their range of products includes various grades of Bitumen which are classified on the base of viscosity and related properties of each grades. Presently, they procure bitumen via imports from Dubai as well as purchase from other domestic importers/sellers in India. They further process the bitumen procured at their processing units located at Mundra, Gujarat; Pali, Rajasthan; Bhopal, Madhya Pradesh. Apart from sale of processed bitumen, they also trade in bitumen by directly selling it to customers as per the requirement. They endeavor to supply products to our Customers at competitive prices yet keeping quality standards.
Nexxus Petro IPO Strengths
- Management Experience
- Quality focused business delivery
- Existing relationship with suppliers and customers
- Strategic location of the existing and upcoming manufacturing unit
- Optimal Utilization of Resources
- Scalable Business Model.
Objects of the IPO Issue
- Funding the working capital requirements of the Company
- General Corporate Purpose.
Nexxus Petro Company Financial Report
The company reported revenue of ₹238.38 crores in 204 against ₹142.84 crore in 2023. The company reported profit of ₹3.48 crores in 2024 against profit of ₹2.01 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹48.47 | ₹47.73 | ₹0.54 | ₹9.33 |
| 2023 | ₹142.84 | ₹140.04 | ₹2.01 | ₹16.45 |
| 2024 | ₹238.38 | ₹233.64 | ₹3.48 | ₹38.93 |
Nexxus Petro IPO Valuation – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 61.77% |
| ROCE: | 20.81% |
| EBITDA Margin: | 2.58% |
| PAT Margin: | 1.47% |
| Debt to equity ratio: | 2.50 |
| Earning Per Share (EPS): | ₹8.99 (Basic) |
| Price/Earning P/E Ratio: | 11.68 |
| Return on Net Worth (RoNW): | 40.36% |
| Net Asset Value (NAV): | ₹16.93 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Agarwal Industrial Corporation Ltd | 32.70 | 28.29 | 16.58% | 19.90 | – Cr. |
Nexxus Petro IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: npil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Nexxus Petro IPO Lead Manager
- Srujan Alpha Capital Advisors Llp
Nexxus Petro IPO allotment status check on Link Intime website. Click on Kfin Technologies to get allotment status.
Promoters of Nexxus Petro
- Mr. Haresh Mohanlal Senghani
- Mr. Rahul Mohanlal Senghani
- Mrs. Hinaben Haresh Senghani
- Manishaben Rahul Senghani.
Company Address
Nexxus Petro Industries Limited
B-811 Swati Trinity
Applewood Township Sanathal Sanand
Ahmedabad, Dascroi-382210
Phone: +91 2717 454317
Email: cs@nexxusgroup.co.in
Website: http://www.nexxusgroup.co.in/