Nexxus Petro IPO Date, Review, Price, Allotment Details

Nexxus Petro IPO is opening for subscription on September 26, 2024, and closing on September 30, 2024. This BSE SME IPO aims to raise ₹19.43 crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Nexxus Petro IPO is fixed at ₹105 Per Share, with a market lot of 1200 Shares.The allocation for this IPO is as follows: 50% for retail investors, and 50% for high-net-worth individuals (HNI). Nexxus Petro IPO Allotment will done on October 1, 2024, and Nexxus Petro IPO listing date is October 4, 2024.

 

Nexxus Petro Company Profile

Nexxus Petro Industries Limited is a fast-growing company in the petroleum industry specializing in the manufacturing and trading of petroleum-based products. Headquartered in Ahmedabad, Gujarat, the company has built a reputation for delivering high-quality products and solutions in the energy sector. Their product line primarily serves the needs of industries that rely heavily on petroleum derivatives and by-products.

Key Products and Services

Nexxus Petro Industries focuses on a variety of petroleum-based products, such as:

1. Industrial Lubricants: Essential for reducing friction in machinery, these are widely used in manufacturing and automotive industries.
2. Fuel Oils: Supplied for industrial applications, including power plants, shipping, and heating.
3. Bitumen Products: Used in road construction, this product line contributes to infrastructure development across India.
4. Petroleum Derivatives: Including waxes, greases, and other by-products that serve various industrial needs.

Industry Focus and Market Reach

The company primarily serves industries like manufacturing, construction, energy, and transportation. Nexxus Petro’s strategic location in Gujarat, a hub for petroleum and industrial activities, provides easy access to raw materials and key markets. Over the years, it has expanded its distribution network across India, serving a variety of clients from large industries to small businesses.

Company Growth and Financial Performance

Nexxus Petro Industries has shown consistent financial growth over the last few years, reflecting its expanding market presence and increasing operational efficiency. The company reported a revenue of ₹238.38 crores in 2024, up from ₹142.84 crores in 2023, showing a significant year-over-year growth. The company’s profit after tax increased from ₹2.01 crores in 2023 to ₹3.48 crores in 2024.

Financial Highlights:

• Revenue: ₹238.38 crores (2024), ₹142.84 crores (2023)
• Profit After Tax (PAT): ₹3.48 crores (2024), ₹2.01 crores (2023)
• Total Assets: ₹38.93 crores (2024), ₹16.45 crores (2023)

This strong financial performance demonstrates the company’s ability to expand its operations and increase profitability despite operating in a competitive industry.

Strengths of Nexxus Petro Industries

1. Industry Expertise: With years of experience in the petroleum sector, Nexxus Petro has built a solid reputation for delivering reliable and quality products.
2. Strategic Location: Based in Gujarat, the company benefits from proximity to ports, refineries, and key industrial hubs, facilitating smoother supply chain management and lower transportation costs.
3. Diverse Product Range: By offering a wide range of petroleum products, from industrial lubricants to bitumen, the company caters to multiple sectors, thereby diversifying its revenue streams.
4. Expanding Market Reach: Nexxus Petro has progressively expanded its client base across various regions in India, ensuring stable revenue growth.
5. Financial Stability: The company’s financials indicate healthy profitability and controlled costs, giving it a competitive edge in the industry.

Business Strategy and Future Plans

Nexxus Petro Industries is focused on expanding its product portfolio and enhancing its distribution network to reach new customers across India and internationally. The company’s vision includes:

• Capacity Expansion: To meet increasing demand, Nexxus plans to increase its production capacity in the coming years.
• Market Penetration: The company aims to strengthen its presence in new geographical regions and expand into international markets.
• Technological Advancements: Nexxus is investing in advanced technologies to improve production efficiency and reduce environmental impact, ensuring compliance with sustainability norms.

 

Nexxus Petro IPO GMP

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Nexxus Petro IPO Objectives

The funds raised through the IPO will be utilized for:

1. Working Capital Requirements: To support the day-to-day operations and scale the business.
2. General Corporate Purposes: To cater to other corporate needs and strategic expansion.

 

Nexxus Petro IPO Key Details

• Nexxus Petro IPO Open Date: September 26, 2024
• Nexxus Petro IPO Close Date: September 30, 2024
• Nexxus Petro IPO Size: Approximately ₹19.43 crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Nexxus Petro IPO Price Band: ₹105 Per Equity Share
• Nexxus Petro IPO Listing on: BSE SME IPO
• Retail Quota: 50% of the net offer
• NII Quota: 50% of the net offer

 

Nexxus Petro IPO Timeline

• Nexxus Petro IPO Open Date: September 26, 2024
• Nexxus Petro IPO Close Date: September 30, 2024
• Basis of Allotment: October 1, 2024
• Refunds: October 3, 2024
• Credit to Demat Account: October 3, 2024
• Nexxus Petro IPO Listing Date: October 4, 2024

 

How to Apply for Nexxus Petro IPO

Investors can apply for the Nexxus Petro IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the BSE website.

 

Nexxus Petro Financial Performance (in Crores)

• Year 2022: Revenue: ₹48.47 Cr, Expenses: ₹47.73 Cr, Profit After Tax: ₹0.54 Cr, Assets: ₹9.33 Cr
• Year 2023: Revenue: ₹142.84 Cr, Expenses: ₹140.04 Cr, Profit After Tax: ₹2.01 Cr, Assets: ₹16.45 Cr
• Year 2024: Revenue: ₹238.38 Cr, Expenses: ₹233.64 Cr, Profit After Tax: ₹3.48 Cr, Assets: ₹38.93 Cr

 

Nexxus Petro Valuation FY2024

• ROE: 61.77%
• ROCE: 20.81%
• EBITDA Margin: 2.58%
• PAT Margin: 1.47%
• Debt to Equity Ratio: 2.50
• Earnings Per Share (EPS): ₹8.99 (Basic)
• Price/Earnings (P/E) Ratio: 11.68
• Return on Net Worth (RoNW): 40.36%
• Net Asset Value (NAV): ₹16.93

 

Nexxus Petro Peer Group

Company: Agarwal Industrial Corporation Ltd
EPS: ₹32.70
PE Ratio: 28.29
RoNW: 16.58%
NAV: ₹19.90
Income: – Cr.

 

Nexxus Petro Company Promoters

• Mr. Haresh Mohanlal Senghani
• Mr. Rahul Mohanlal Senghani
• Mrs. Hinaben Haresh Senghani
• Mrs. Manishaben Rahul Senghani

 

Nexxus Petro IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: npil.ipo@kfintech.com

Nexxus Petro IPO Allotment Status Check

• Check the Nexxus Petro IPO allotment status on the Kfin Technologieswebsite.

 

Nexxus Petro IPO Allotment Link

• Check the Nexxus Petro IPO allotment on the Check Ipo Allotment website.

 

Nexxus Petro IPO Lead Managers (Merchant Bankers)

• Srujan Alpha Capital Advisors Llp

Nexxus Petro Company Address

B-811 Swati Trinity
Applewood Township Sanathal Sanand
Ahmedabad~ Dascroi-382210
,Gujarat- India
Website: http://www.nexxusgroup.co.in/
Phone: +91 2717 454317
Email: cs@nexxusgroup.co.in

Nexxus Petro IPO FAQs

What is Nexxus Petro IPO?

Nexxus Petro IPO is a BSE SME IPO. They are going to raise ₹19.43 crores via IPO. The issue is priced at ₹105 Per equity share. The IPO is to be listed on BSE.

 

When will the Nexxus Petro IPO open?

The IPO is to open on September 26, 2024, for NII, and Retail Investors.

 

What is Nexxus Petro IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

 

How to Apply for the Nexxus Petro IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Nexxus Petro IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Nexxus Petro IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Nexxus Petro IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Nexxus Petro IPO Size?

Nexxus Petro IPO size is ₹19.43 crores.

 

What is Nexxus Petro IPO Price Band?

Nexxus Petro IPO Price Band is ₹105 Per equity share.

 

What is Nexxus Petro IPO Minimum and Maximum Lot Size?

The IPO bid is 1200 Shares with ₹126,000.

 

What is Nexxus Petro IPO Allotment Date?

Nexxus Petro IPO allotment date is October 1, 2024.

 

What is Nexxus Petro IPO Listing Date?

Nexxus Petro IPO listing date is October 4, 2024. The IPO to list on BSE SME IPO.