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SME IPO Status: Open [26th Sep 2024 to 30th Sep 2024]
Nexxus Petro Industries IPO, a SME IPO of ₹19.43 Cr opens for subscription from 26-09-2024 to 30-09-2024. The IPO consists of ₹19.43 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 105.00 per share. You can apply to the Nexxus Petro Industries SME IPO for a minimum lot of 1200 shares amounting of Rs 126000.
The tentative listing date on the exchange (BSE SME) is 04-10-2024.Stay tuned with us to get more details about Nexxus Petro Industries SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 26th Sep 2024 |
| SME IPO Issue Closing Date: | 30th Sep 2024 |
| SME IPO Issue Price: | ₹105.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹19.43 Cr |
| Fresh Issue: | ₹19.43 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: |
Get important updates regarding Nexxus Petro Industries SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Oct 2024 |
| Refunds Initiation* | 3rd Oct 2024 |
| Credit of Shares to Demat* | 3rd Oct 2024 |
| SME IPO Listing Date* | 4th Oct 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹105.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹126000 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹252000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 27-09-2024 | 105.00 | 0 | -- | ₹105 (0%) | 27-Sep-2024 13:59 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
NEXXUS Petro Industries Limited was founded in October 2021. The company is engaged in the trading, manufacturing and distribution of petrochemical products, especially bitumen products. The company's products are widely used in the infrastructure sector, especially in road construction. The product range includes various types of bitumen, which are classified according to their viscosity and associated properties. Currently, the company sources bitumen through imports from Dubai as well as purchases from other domestic importers/vendors in India.
The current production and processing facilities are equipped with necessary facilities including machinery and other equipment to facilitate a smooth production process and easy logistics. The products are delivered to the customers as per the quantity ordered. Over the years, the company has expanded its expertise and upgraded its processing facilities with the necessary machinery and equipment, which has helped us to increase the production capacity, grades and quality of the products.
The company is in constant contact with its customers by carrying out marketing activities through personal contacts with them. The sales team works closely with the customers to get their insights and feedback on the upcoming trends in the industry, which enables them to develop and improve the products to meet the demands of the market.
| Incorporation | Sector | IPO Issue Size | Website |
| 2021 | Petrochemicals | ₹19.43 Cr | http://www.nexxusgroup.co.in/ |
The Company proposes to utilise the Net Proceeds towards funding the following objects
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from BSE SME.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 878,400 (50%) | 878,400 (50%) | 1,756,801 | |
| 1 | 26th Sep 2024 19:04 | 0.10x | 1.30x | 0.70x |
| 2 | 27th Sep 2024 13:03 | 0.11x | 2.52x | 1.31x |
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 | 3,892.55 | 1,644.96 | 932.77 | |||||||||||||||||||||||||||
| Revenue | 23,837.57 | 14,283.95 | 4,847.02 | |||||||||||||||||||||||||||
| Profit After Tax | 348.47 | 200.87 | 54.06 | |||||||||||||||||||||||||||
| Net Worth | 863.4 | 264.93 | 54.06 | |||||||||||||||||||||||||||
| Reserves and Surplus | 353.4 | 254.93 | 54.06 | |||||||||||||||||||||||||||
| Total Borrowing | 2,161.43 | 835.1 | 369.83 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Nexxus Petro Industries Limited | 8.99 | 16.93 | 11.68 | 40.36 | ||
| Agarwal Industrial Corporation Ltd. | 32.7 | 19.9 | 28.29 | 16.58 |
Last Updated on 27-Sep-2024 13:32:57
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Nexxus Petro Industries SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Nexxus Petro Industries SME IPO with Zerodha.
Alternate approch to apply in Nexxus Petro Industries SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Nexxus Petro Industries SME IPO Review and Important Updates
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To subscribe or apply in Nexxus Petro Industries SME IPO, you can use the following methods:
| Nexxus Petro Industries SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Nexxus Petro Industries SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Nexxus Petro Industries SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Nexxus Petro Industries SME IPO. Most of the Syndicate Banks provide access to apply in Nexxus Petro Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Nexxus Petro Industries SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Nexxus Petro Industries SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Nexxus Petro Industries SME IPO Review and Important Updates
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Nexxus Petro Industries SME IPO is going to be list on 04-10-2024.
Other relevant questions:
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Nexxus Petro Industries SME IPO Allotment Date is 01-10-2024.
Other relevant questions:
Nexxus Petro Industries SME IPO share allotment date?Nexxus Petro Industries SME IPO allotment date?
