IPO Details
Bidding Dates
26 Sep '24 - 30 Sep '24
Minimum Investment
₹1,26,000/ 1 Lot (1200 Shares)
Price Range
₹105
Maximum Investment
₹1,26,000/ 1 Lot (1200 Shares)
Retail Discount
To be announced
Issue Size
₹19.43 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible employees |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Sep 26, 2024
Closing Date
Sep 30, 2024
Basis of Allotment
Oct 1, 2024
Initiation of Refunds
Oct 3, 2024
Listing Date
Oct 4, 2024
About Nexxus Petro Industries IPO
Nexxus Petro Industries is launching an IPO with a total issue size of ₹19.43 crore. The IPO is a fresh issue of 18.5 lakh shares, priced at ₹105 per share. It opens for subscription on September 26, 2024, and closes on September 30, 2024. The allotment of shares is expected to be finalised on October 1, 2024, and the shares are set to list on the BSE SME platform with a tentative listing date of October 4, 2024.
Investors can apply for a minimum lot size of 1,200 shares, requiring a minimum investment of ₹1,26,000 for retail investors. High-net-worth investors (HNIs) can apply for a minimum of 2 lots, which amounts to ₹2,52,000.
Srujan Alpha Capital Advisors LLP is the book-running lead manager for the IPO, with KFin Technologies Limited handling the registrar duties. Gretex Share Broking is the market maker for this IPO. Nexxus Petro Industries aims to use the funds raised for business expansion and strengthening its financial position.
Industry Outlook:
- The global bitumen market is expected to grow from USD 51.69 billion in 2021 to USD 67.14 billion by 2028, with a CAGR of 3.8%. This growth is driven by increasing road construction activities worldwide, which will benefit Nexxus Petro Industries by increasing demand for bitumen, the company's core product.
- The Indian bitumen market, valued at $2.8 billion in 2018, is expected to reach $3.6 billion by 2026, growing at a CAGR of 2.8%. As India invests in infrastructure development, Nexxus Petro Industries stands to benefit from the growing demand for bitumen in road construction projects.
Nexxus Petro Industries IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- To raise funds to meet the company's working capital requirements, ensuring smooth operations.
- The remaining funds will be allocated towards general corporate purposes.
About Nexxus Petro Industries Limited
Nexxus Petro Industries Limited, originally incorporated as Nexxus Petro Industries Private Limited on October 5, 2021, transitioned into a public limited company on July 18, 2023. The company specialises in the trading, manufacturing, and sale of petrochemical products, with a particular focus on bitumen. Bitumen is widely used in the road construction sector, and Nexxus Petro Industries supplies various grades of bitumen, classified based on viscosity and other properties. The company sources bitumen through imports from Dubai and domestic sellers, processing it in facilities located in Mundra (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh).
Nexxus Petro Industries is known for its quality and competitive pricing in the bitumen market. The company holds BIS and ISO certifications and is committed to maintaining high safety standards across its manufacturing units. Its products are primarily supplied to the road construction industry. Over time, Nexxus Petro Industries has expanded its customer base through a focus on quality and customer engagement. The leadership team, led by Managing Director Haresh Mohanlal Senghani and Director Rahul Mohanlal Senghani, plays a critical role in the company’s operations, expansion, and strategic growth.
Peer Details
According to RHP, Agarwal Industrial Corporation Limited is the only listed peer considered by Nexxus Petro Industries Limited.
How to Check the Allotment Status of the Nexxus Petro Industries Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to apply for Nexxus Petro Industries IPO online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Nexxus Petro Industries IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Nexxus Petro Industries IPO
- Registered office: B-811 Swati Trinity, Applewood Township Sanathal Sanand, Sarkhej, Ahmedabad, Dascroi, Gujarat, India, 382210
- Phone: +91 2717 454317
- E-mail: cs@nexxusgroup.co.in
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 23,778.48 | 14,280.56 | 4847.02 |
| Profit After Tax (PAT) (in ₹ lakh) | 348.47 | 200.87 | 54.06 |
| Current Ratio (x) | 1.33 | 1.16 | 1.06 |
| Net Worth (in ₹ lakh) | 863.40 | 264.93 | 64.06 |
| EBITDA (in ₹ lakh) | 614.14 | 356.66 | 81.53 |
| Return on Equity (%) | 61.77 | 122.12 | 168.78 |
| Return on Capital Employed (RoCE) (%) | 20.81 | 30.73 | 18.16 |
| Earnings Per Share (in ₹) | 8.99 | 7.73 | 2.08 |
Know before investing
Strengths
6-
Experienced management team drives growth and understands industry dynamics.
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Strong supplier relationships ensure quality materials and timely deliveries.
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Strategically located processing units enhance operational efficiency and scale.
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Scalable business model offers diverse opportunities across various industries.
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Expansion plans align well with government infrastructure priorities and market demand.
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Focus on quality strengthens brand reputation and customer satisfaction.
Risks
6-
Outstanding tax proceedings against promoters may harm financial stability.
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Negative cash flows in the past could impact future operations.
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Limited operating history makes future growth prospects difficult to assess.
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Handling hazardous materials poses significant operational and legal risks.
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Dependency on few key customers threatens revenue and financial health.
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Reliance on specific suppliers for raw materials may disrupt operations.
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Nexxus Petro Industries IPO FAQs
Nexxus Petro Industries IPO is a fixed price issue IPO. The IPO will be open from September 26, 2024, to September 30, 2024.
The Basis of Allotment will happen on Tuesday, October 1, 2024.
The IPO subscription window will open on September 26, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1200 shares.
The listing date for Nexxus Petro Industries is Friday, October 4, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Nexxus Petro Industries’s financial statements, download the IPO’s RHP document.
