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Nexxus Petro Industries IPO

  • Status: Closed
  • RHP:
  • ₹ 126,000 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    26 Sep 2024

  • Close Date

    30 Sep 2024

  • IPO Price Range

    ₹ 105

  • IPO Size

    ₹ 19.43 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    04 Oct 2024

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IPO Timeline

Nexxus Petro Industries IPO Subscription Status

Last Updated: 30 September 2024 6:28 PM by 5Paisa

Nexxus Petro Industries IPO is set to open on 26 September 2024 and will close on 30 September 2024. Nexxus Petro Industries trades, manufactures and sells petrochemical products with a particular focus on bitumen products.

The IPO includes a fresh issue of 18.5 lakh shares aggregating ₹19.43 Cr and does not include OFS. The price range is set at ₹105 per share and the lot size is 1200 shares. 

The allotment is scheduled to be finalized on 1 October 2024. It will go public on BSE SME, with a tentative listing date of 4 October 2024.

Srujan Alpha Capital Advisors LLP is the book running lead manager, while Kfin Technologies Limited is the registrar.
 

Nexxus Petro IPO Size

Types Size (₹Cr)
Total IPO Size ₹19.43 Cr
Offer For Sale -
Fresh Issue ₹19.43 Cr

 

Nexxus Petro IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 ₹126,000
Retail (Max) 1 1200 ₹126,000
HNI (Min) 2 2400 ₹252,000

 

Nexxus Petro IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
NII (HNI) 8.41 8,78,400 73,83,600 77.53
Retail 8.48 8,78,400 74,49,600 78.22
Total 8.44 17,56,801 1,48,33,200 155.75

 

1. For working capital requirements
2. General corporate purposes  
 

Incorporated in October 2021, Nexxus Petro Industries focuses on trading, manufacturing and selling petrochemical products especially bitumen products.

The company produces and supplies high quality bitumen, bitumen emulsions and related products to infrastructure and construction companies, government agencies, road authorities and the bitumen industry.

Nexxus is certified by BIS and ISO for its products and processes. It has upgraded its processing unit to enhance production capacity and product quality, resulting in a growing customer base due to its client friendly approach.

The company operates three manufacturing units located in Gujarat, Rajasthan and Madhya Pradesh. As of September 2024, Nexxus Petro Industries has 17 permanent employees.

Peers

Agarwal Industrial Corporation Ltd.
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 238.38 142.84 48.47
EBITDA 6.14  3.57 0.82
PAT 3.48 2.01 0.54
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 38.93 16.45 9.33
Share Capital 5.10  0.10 0.10
Total Borrowings 21.61 8.35 3.60
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -8.92  -3.77 -2.54
Net Cash Generated From / (used in) investing activities -2.74 -0.57  -0.69
Net Cash Generated From / (used in) financing activities 14.21  4.07  3.75
Net Increase (Decrease) In Cash And Cash Equivalents 2.54  -0.27  0.52


Strengths

1. The company has a skilled management team overseeing daily operations, ensuring effective decision making and operational efficiency.

2. Nexxus has established robust relationships with suppliers which helps secure high quality raw materials and fosters business growth through reliable sourcing.

3. The company operates factories in Gujarat, Rajasthan, and Bhopal (Madhya Pradesh) all equipped with modern machinery and advanced production processes. This enhances production capacity and product quality, enabling Nexxus to meet customer demands efficiently.
 

Risks

1. The petrochemical industry is highly competitive with numerous players vying for market share. Increased competition could pressure pricing and profit margins, affecting the company's financial performance.

2. Fluctuations in the prices of raw materials used in manufacturing bitumen products can impact production costs. Rising raw material prices may squeeze profit margins if the company cannot pass these costs onto customers.

3. The petrochemical industry is subject to various regulations regarding environmental standards and safety practices. Any changes in regulations could require additional compliance costs or adjustments to operations, impacting profitability.
 

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FAQs

Nexxus Petro Industries IPO opens from 26 September to 30 September 2024.
 

The size of the Nexxus Petro Industries IPO is ₹19.43Cr.

The price of the Nexxus Petro Industries IPO is fixed at ₹105 per share. 

To apply for Nexxus Petro Industries IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Nexxus Petro Industries IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Nexxus Petro Industries IPO is 1200 shares and the investment required is ₹1,26,000.
 

The share allotment date of Nexxus Petro Industries IPO is 1 October 2024.

The Nexxus Petro Industries IPO will be listed on 4 October 2024.

Srujan Alpha Capital Advisors LLP is the book running lead manager for Nexxus Petro Industries IPO.
 

Nexxus Petro Industries plans to utilize the raised capital from the IPO for:

1. For working capital requirements
2. General corporate purposes