Nexxus Petro Industries Limited IPO Overview
Nexxus Petro Industries Limited’s IPO is a fixed price issue of ₹19.43 crores, offering 18.5 lakh fresh shares. The IPO opens on September 26, 2024, and closes on September 30, 2024, with allotment expected by October 1, 2024. Shares are set to list on the BSE SME platform on October 4, 2024. The IPO is priced at ₹105 per share, with a minimum application size of 1,200 shares, requiring a retail investment of ₹126,000.
For High Net Worth Investors (HNIs), the minimum investment is ₹252,000 for 2 lots (2,400 shares). Srujan Alpha Capital Advisors LLP is the lead manager for the IPO, KFin Technologies Limited serves as the registrar, and Gretex Share Broking is the market maker for this issue.
Refer to Nexxus Petro Industries IPO RHP for detailed information.
Nexxus Petro Industries Limited IPO Important dates
Nexxus Petro Industries IPO opens on September 26, 2024, and closes on September 30, 2024.
| IPO Open Date | Thursday, September 26, 2024 |
| IPO Close Date | Monday, September 30, 2024 |
| Basis of Allotment | Tuesday, October 1, 2024 |
| Initiation of Refunds | Thursday, October 3, 2024 |
| Credit of Shares to Demat | Thursday, October 3, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Nexxus Petro Industries Limited Financial Performance
Nexxus Petro Industries Limited’s revenue increased by 67% and profit after tax (PAT) rose by 73% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹38.93 crores | ₹16.45 crores | ₹9.33 crores |
| Revenue | ₹238.38 crores | ₹142.84 crores | ₹48.47 crores |
| Profit After Tax | ₹3.48 crores | ₹2.01 crores | ₹0.54 crores |
| Net Worth | ₹8.63 crores | ₹2.65 crores | ₹0.54 crores |
| Reserves & Surplus | ₹3.53 crores | ₹2.55 crores | ₹0.54 crores |
| Total Borrowing | ₹21.61 crores | ₹8.35 crores | ₹3.70 crores |
Nexxus Petro Industries Limited IPO Key Performance Indicator
The market capitalization of Nexxus Petro Industries IPO is Rs 72.98 Cr. KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 61.77% |
| ROCE | 20.81% |
| Debt/Equity | 2.5 |
| RoNW | 40.36% |
| P/BV | 6.2 |
| PAT Margin (%) | 1.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.83 | 5.01 |
| P/E (x) | 15.37 | 20.94 |
Nexxus Petro Industries Limited IPO Objectives
The Company proposes to utilise the Net Proceeds towards funding the following objects
- Funding the working capital requirements of the Company; and
- General corporate purposes.
Nexxus Petro Industries Limited IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹126,000 |
| Retail (Max) | 1 | 1200 | ₹126,000 |
| HNI (Min) | 2 | 2,400 | ₹252,000 |
Nexxus Petro Industries Limited IPO Details
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [October 4, 2024] |
| Face Value | ₹10 per share |
| Price | ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,850,400 shares (aggregating up to ₹19.43 Cr) |
| Fresh Issue | 1,850,400 shares (aggregating up to ₹19.43 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,100,000 |
| Share holding post issue | 6,950,400 |
| Market Maker portion | 93,600 shares |
Nexxus Petro Industries Limited Company Overview and Services
Incorporated in October 2021, Nexxus Petro Industries Limited specializes in the manufacturing, trading, and sale of petrochemical products, with a focus on bitumen and its allied products. The company caters to a wide range of clients, including infrastructure and construction companies, government agencies, and road authorities.
Nexxus Petro is known for delivering high-quality bitumen, bitumen emulsions, and specialty bituminous products. The company holds BIS and ISO certifications, ensuring that its products and processes meet industry standards. Recent upgrades to its processing unit have not only boosted production capacity but also enhanced product quality, leading to increased customer satisfaction.
The company operates from three manufacturing units located in Kutch (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh). These facilities are equipped with modern machinery and advanced processes, allowing Nexxus Petro to maintain high production standards.
As of September 2024, the company has a dedicated workforce of 17 permanent employees.
Competitive Strengths:
- Experienced Management Team overseeing daily operations.
- Strong Supplier Relationships fostering business growth.
- Strategically Located Factories equipped with advanced technology in Gujarat, Rajasthan, and Madhya Pradesh.
With a client-focused approach and a solid operational foundation, Nexxus Petro continues to strengthen its position in the petrochemical industry.
Nexxus Petro Industries Limited IPO SWOT Analysis
Strengths:
- Experienced Management Team: A capable leadership team with expertise in managing day-to-day operations and strategic growth.
- Strong Supplier Relationships: Well-established relationships with suppliers, ensuring a stable supply chain and competitive pricing.
- Certifications (BIS & ISO): BIS and ISO certifications reinforce product quality and compliance with industry standards, building trust with clients and stakeholders.
- Advanced Manufacturing Units: Factories in Kutch (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh) are equipped with modern machinery, boosting production efficiency and product quality.
- Diverse Client Base: Catering to infrastructure companies, government agencies, and road authorities provides a broad market reach.
Weaknesses:
- Limited Workforce: With only 17 permanent employees as of September 2024, the company may face challenges in scaling up operations without increasing its workforce.
- Concentration on Bitumen Products: Heavy reliance on bitumen and bituminous products may limit growth potential in other areas of the petrochemical market.
- New Entrant in the Market: Having been incorporated in October 2021, the company is relatively young, which may pose challenges in establishing a strong market presence compared to more established competitors.
Opportunities:
- Expansion in Infrastructure Projects: Growing infrastructure development, particularly in India, offers increased demand for bitumen and related products, opening up market expansion opportunities.
- Technological Advancements: Upgrading and modernizing production processes can further enhance product quality and attract more customers.
- Geographical Expansion: With existing manufacturing units across Gujarat, Rajasthan, and Madhya Pradesh, the company has the potential to expand its presence in other regions, capturing new markets.
- Green Initiatives: There is potential for diversifying into more sustainable or eco-friendly bitumen alternatives, aligning with global trends toward environmentally conscious products.
Threats:
- Fluctuations in Raw Material Prices: Volatility in the prices of raw materials, particularly in the petrochemical industry, can impact profit margins.
- Stiff Competition: Nexxus Petro faces strong competition from both established players and new entrants in the petrochemical and bitumen industries.
- Regulatory Changes: Stricter environmental regulations and compliance standards for petrochemical production could lead to increased operational costs.
- Economic Slowdowns: Any downturn in the construction and infrastructure sectors could reduce demand for bitumen products, affecting the company’s revenue growth.
Nexxus Petro Industries Limited IPO GMP Details
Nexxus Petro Industries SME IPO last GMP is ₹0, last updated Sep 26th 2024. With the price band of 105.00, Nexxus Petro Industries SME IPO’s estimated listing price is ₹105 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.
Stay with us to know the daily price trend of Nexxus Petro Industries SME IPO GMP with expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 30-09-2024 Close | 105.00 | ₹0  |
— | ₹105 (0%) | 30-Sep-2024 |
| 29-09-2024 | 105.00 | ₹0 |
— | ₹105 (0%) | 29-Sep-2024 |
| 28-09-2024 | 105.00 | ₹0 |
— | ₹105 (0%) | 28-Sep-2024 |
| 27-09-2024 | 105.00 | ₹0 |
— | ₹105 (0%) | 27-Sep-2024 |
| 26-09-2024 Open | 105.00 | ₹0 |
— | ₹105 (0%) | 26-Sep-2024 |
| 25-09-2024 | 105.00 | ₹0 |
— | ₹105 (0%) | 25-Sep-2024 |
| 24-09-2024 | 105.00 | ₹0 |
— | ₹105 (0%) | 24-Sep-2024 |
Nexxus Petro Industries Limited IPO subscription status
Nexxus Petro Industries IPO subscribed 2.39 times. The public issue subscribed 4.37 times in the retail category, [.] times in QIB, and 0.42 times in the NII category by September 30, 2024.
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Market Maker | 1 | 93,600 | 93,600 | 0.98 |
| Non-Institutional Buyers*** | 0.42 | 8,78,400 | 3,66,000 | 3.84 |
| Retail Investors | 4.37 | 8,78,400 | 38,35,200 | 40.27 |
| Total ** | 2.39 | 17,56,801 | 42,01,200 | 44.11 |
Total Application : 11,510
Note:
-
*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
-
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
- ***: Market Maker portion is not included to NII/HNI.
Nexxus Petro Industries IPO Subscription Details (times)
| Date | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Sep 26, 2024 |
0.10 | 1.30 | 0.70 |
| Day 2 Sep 27, 2024 |
0.26 | 3.15 | 1.70 |
| Day 3 Sep 30, 2024 |
0.42 | 4.37 | 2.39 |
Nexxus Petro Industries Limited IPO Allotment status
The allotment status of Nexxus Petro Industries IPO is expected to be available on October 1, 2024.
Nexxus Petro Industries IPO allotment status is not available at this time. Nexxus Petro Industries IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Nexxus Petro Industries Limited IPO allotment status.
To check Nexxus Petro Industries IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to npil.ipo@kfintech.com.
Nexxus Petro Industries Limited Contact Details
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/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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