Nexxus Petro Industries Limited
Fixed Price IPO · BSE
- Price band
- ₹105 - ₹105
- Lot size
- 1,200 shares
- Issue amount
- ₹19.43 cr
- Total subscription
- 8.5×
- Opens
- 26 Sept 2024
- Closes
- 30 Sept 2024
- Allotment
- 1 Oct 2024
- Listing
- 4 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 18,50,400 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹19.43 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,26,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 51,00,000
- Shares after issue
- 69,50,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,26,000 |
| HNI | 2 | 2,400 | ₹2,52,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 9.22 | 0 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.99 | 7.73 | 2.08 |
| ROE | 61.77 | 122.12 | 168.78 |
| ROCE | 20.81 | 30.73 | 18.16 |
| RONW | 40.36 | 75.82 | 84.39 |
| PRE IPO(PE) | 15.37 | 0 | 0 |
| POST IPO(PE) | 20.94 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in October 2021, Nexxus Petro Industries Limited specializes in the trading, manufacturing, and sale of high-quality petrochemical products, mainly bitumen and bitumen emulsions for the infrastructure and construction sector, serving government agencies and road authorities. The company holds BIS and ISO certifications, ensuring strict quality standards in its products and processes, and recent upgrades to its three manufacturing units located in Kutch (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh) have boosted production capacity and enhanced product quality, resulting in better customer satisfaction and a growing client base. With only 17 permanent employees as of September 2024, Nexxus Petro maintains lean operations and focused management.
Strengths
- Expert Leadership: Nexxus Petro’s experienced management team drives strategic growth and ensures smooth operations in the petrochemical sector.
- Commitment to Quality: With BIS and ISO certifications, the company prioritizes high-quality products, backed by recent upgrades to its manufacturing facilities.
- Trusted Partnerships: Strong relationships with suppliers and key clients, including government agencies, enhance its reliability and market presence.
Risk factors
- Tax Issues: Ongoing tax matters related to the promoters could affect the company’s finances and day-to-day operations.
- Cash Flow Challenges: The company has faced negative cash flows in the past, which might make it harder to maintain operations and invest in future growth.
- Short Track Record: With a limited operating history, it’s harder to predict the company’s long-term growth and stability.
Promoters
Mr. Haresh Mohanlal Senghani,
Mr. Rahul Mohanlal Senghani,
Mrs. Hinaben Haresh Senghani
Mrs. Manishaben Rahul Senghani.
Registrar & documents
Lead manager
Srujan Alpha Capital Advisors LLP
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-811 Swati Trinity, Applewood Township Sanathal Sanand, Ahmedabad, Dascroi-382210
+91 2717 454317
[email protected]Company website ↗Understanding NEXXUS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.