Nexxus Petro Industries IPO Allotment Status

Summary

Nexxus Petro Industries IPO has received a moderate response from investors, closing with a subscription of 8.44 times by 30th September 2024 at 5:27:08 PM (Day 3). The public issue witnessed balanced demand across investor categories.

The Retail Investors segment led slightly with a subscription of 8.48 times, closely followed by the Non-Institutional Investors (NII) category at 8.41 times. The Market Maker portion was fully subscribed. This response across categories suggests a cautious but positive market sentiment towards Nexxus Petro Industries' offering.

How to Check Nexxus Petro Industries IPO Allotment Status:

How to Check Nexxus Petro Industries IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Kfin Technologies Limited (https://ris.kfintech.com/ipostatus/)

Step 2: From the dropdown menu, select  Nexxus Petro Industries IPO.

Step 3: Choose one of the following modes: PAN ID, Demat Account number, or Application number

Step 4: Enter the information relevant to the mode you have chosen.

Step 5: For security purposes, fill out the captcha accurately.

Step 6: Click "Submit."

How to Check Nexxus Petro Industries IPO Allotment Status on NSE SME?

On the website of the National Stock Exchange (NSE) SME, investors who placed a bid for the Nexxus Petro Industries IPO can monitor the allotment status:

Step 1: Visit the BSE SME website (https://www.bseindia.com/static/investors/application_statuschecksystem.aspx)

Step 2: Look for the IPO Allotment Status section

Step 3: Select "Nexxus Petro Industries Limited" from the dropdown menu under "Company Name."

Step 4: Enter your application number and PAN ID.

Step 5: Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections.

Offer Required Information: Provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Nexxus Petro Industries IPO Timeline:

Nexxus Petro Industries IPO Subscription Status

Nexxus Petro Industries IPO received 8.44 subscriptions. By 30th September 2024 at 5:27:08 PM (Day 3), the public issue had been subscribed 8.48 times in the retail category and 8.41 times in the NII category. 

Subscription Day 3 (as of 5:27:08 PM)
Total Subscription: 8.44 times
NII: 8.41 times
Retail investors: 8.48 times
 

Subscription Day 2
Total Subscription: 1.70 times
NII: 0.26 times
Retail investors: 3.15 times
 

Subscription Day 1
Total Subscription: 1.70 times
NII: 0.26 times
Retail investors: 3.15 times
 

Nexxus Petro Industries IPO Details 

Nexxus Petro Industries' initial public offering (IPO) is a fixed price issue amounting to ₹19.43 crores. This offering consists of a fresh issue of 18.50 lakh shares.

The bidding process for the Nexxus Petro Industries IPO commenced on 26th September 2024 and concluded on 30th September 2024. The allotment results for this IPO are anticipated to be finalised on 1st October 2024. Furthermore, the shares of Nexxus Petro Industries are set to be listed on the BSE SME, with a provisional listing date scheduled for 4th October 2024.

The Nexxus Petro Industries IPO price has been established at ₹105 per share. Investors must apply for a minimum lot size of 1200 shares, which requires a minimum investment of ₹126,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (2,400 shares), totalling ₹252,000.

Srujan Alpha Capital Advisors Llp serves as the book running lead manager for the Nexxus Petro Industries IPO. Kfin Technologies Limited is designated as the registrar for this offering.