Nexxus Petro Industries Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Sep 2024

Close Date

30 Sep 2024

Allotment

01 Oct 2024

Listing Date

04 Oct 2024

Exchange

BSE SME

Price Band

₹105

Listing Price

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Allotment Status

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Price Band

₹105

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

18,50,400 shares (aggregating up to ₹19.43 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹126,000

1 lot

Pre-IPO Holding

51,00,000 shares

Promoters

Post-IPO Holding

69,50,400 shares

Promoters

P/E (Pre)

15.37x

P/E (Post)

20.94x

EPS (Pre)

₹6.83

EPS (Post)

₹5.01

UPI Deadline

2024-09-30

Mandate

Anchor AllotmentWed, 25 Sep 2024

Basis of AllotmentTue, 01 Oct 2024

Refund InitiationThu, 03 Oct 2024

Demat CreditThu, 03 Oct 2024

Listing DayFri, 04 Oct 2024

UPI Mandate Deadline2024-09-30

Sale TypeFresh Capital

Net Offer to Public17,56,800 shares (aggregating up to ₹18.45 Cr)

Market Maker Quota93,600 shares (aggregating up to ₹0.9828 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Nexxus Petro Industries Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 30 Sep 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	93,600	—	₹0.98
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,850,400	100%	₹19.43

IPO Shares Offered

Nexxus Petro Industries Ltd IPO total issue size: ₹19.43 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	93,600	₹0.98	5.06%
Total	1,850,400	₹19.43	100.00%

* Based on upper price band ₹105 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹105.00

Upper Band

Min Investment

₹126,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹252,000
Retail (Max — 13 Lots)	13	15,600	₹1,638,000
S-HNI (Min — 14 Lots)	14	16,800	₹1,764,000
B-HNI (Min — 68 Lots)	68	81,600	₹8,568,000

* Issue Price ₹105 × Lot Size 1,200 shares

IPO Schedule

Anchor

25 Sep 2024

✓ Done

IPO Open

26 Sep 2024

✓ Done

IPO Close

30 Sep 2024

✓ Done

Allotment

01 Oct 2024

✓ Done

Refunds

03 Oct 2024

✓ Done

Demat Credit

03 Oct 2024

✓ Done

Listing Day

04 Oct 2024

✓ Done

₹105.00

INR · BSE

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Issue ₹105.00 Live Price

About Nexxus Petro Industries Ltd

Incorporated in October 2021, Nexxus Petro Industries Limited is involved in the trading, manufacturing, and sale of petrochemical products, particularly bitumen products.The company produces and distributes high-quality bitumen, bitumen emulsions, and special bituminous allied products to infrastructure/construction companies, government agencies, road authorities, and the bitumen industry.The company is BIS and ISO certified for its products and processes. It has upgraded its processing unit, boosting production capacity and product quality. This has led to an increase in customers due to its positive approach towards clients.The company has three manufacturing units each in Gujarat, Rajasthan and Madhya Pradesh. As of September 2024, the company has 17 permanent employees. Competitive StrengthsExperienced Management Team to look after day to day operations.Strong Supplier relationship for business growthFactories in Kutch, Gujarat, Pali, Rajasthan, and Bhopal, Madhya Pradesh, are well-equipped with modern machines and advanced processes.

Objects of the Issue

Funding the working capital requirements of the Company; and

General corporate purposes.

Nexxus Petro Industries Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹4,847.0

31 Mar 2022

₹14,284.0

31 Mar 2023

₹23,837.6

31 Mar 2024

Profit After Tax (PAT)

₹54.1

31 Mar 2022

₹200.9

31 Mar 2023

₹348.5

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	23837.57	14283.95	4847.02
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	348.47	200.87	54.06
Net Worth	863.40	264.93	54.06
Total Assets	3892.55	1644.96	932.77
Reserves & Surplus	353.40	254.93	54.06
Borrowings	2161.43	835.10	369.83
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	1.47%	—	—

P/BV Ratio

6.20

RoE

61.77%

RoCE

20.81%

RoNW

2.50

PAT Margin

1.47%

Debt/Equity

2.50

Issue Structure & Shareholding

Total Shares Offered18,50,400 (100.00%)

Net Offer to Public17,56,800 shares (aggregating up to ₹18.45 Cr)

Reserved for Market Maker93,600 shares (aggregating up to ₹0.9828 Cr)

Pre-Issue Promoter Holding51,00,000 shares

Post-Issue Promoter Holding69,50,400 shares

P/BV Ratio6.20

RoE61.77%

RoCE20.81%

Debt / Equity2.50

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

npil.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Srujan Alpha Capital Advisors LLP

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Nexxus Petro Industries Ltd IPO subscribed? ▲

Nexxus Petro Industries Ltd IPO is subscribed 1.00 times by Sep 30, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Nexxus Petro Industries Ltd IPO retail subscription status? ▼

The Nexxus Petro Industries Ltd IPO retail category is subscribed 1.00 times as of 30 Sep 2024. The retail portion is oversubscribed.

How to subscribe Nexxus Petro Industries Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Sep 2024 and closes 30 Sep 2024. Min investment: ₹126,000 (1 lot = 1,200 shares). UPI mandate: 2024-09-30.

How many times Nexxus Petro Industries Ltd IPO subscribed? ▼

The Nexxus Petro Industries Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Nexxus Petro Industries Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Oct 2024. Refunds: on 03 Oct 2024.

When Nexxus Petro Industries Ltd IPO will be listed? ▼

The Nexxus Petro Industries Ltd IPO listing date is 04 Oct 2024, Friday. Listed on: BSE SME. Issue price: ₹105. Estimated listing: ₹105. GMP: NIL.

When Nexxus Petro Industries Ltd IPO close? ▼

The Nexxus Petro Industries Ltd IPO closes on 30 Sep 2024, Monday. UPI mandate: 2024-09-30. Allotment: 01 Oct 2024. Listing: 04 Oct 2024.

Quick Actions

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Live Price LIVE

Last Price₹105.00

Change—

Issue Price₹105.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹105

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹126,000

GMPNIL

Est. Listing₹105

Subscribed1.00x

Open Date26 Sep 2024

Close Date30 Sep 2024

Allotment01 Oct 2024

Listing Date04 Oct 2024

ExchangeBSE SME

UPI Deadline2024-09-30