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Nexxus Petro Industries IPO
Price Band
₹
Issue Size
₹19.43 Cr
Lot Size
1,200 shares
Min Investment
₹126,000
GMP
—
Issue Price
₹105.0
Nexxus Petro Industries IPO AI Summary
- Nexxus Petro Industries IPO is listed on BSE SME in the Petrochemicals sector.
- Subscription window: 26 Sep–30 Sep 2024, listing on 04 Oct 2024.
Nexxus Petro Industries Limited is a young company in the petrochemicals sector, focusing on bitumen products. With significant revenue growth and improving profitability, the company is set to utilize its IPO proceeds for working capital and corporate purposes. Investors should consider their risk tolerance and investment timeline before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Nexxus Petro Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Nexxus Petro Industries IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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 Strengths Experienced Management Team to look after day to day operations. Strong Supplier relationship for business growth Factories in Kutch, Gujarat, Pali, Rajasthan, and Bhopal, Madhya Pradesh, are well-equipped with modern machines and advanced processes.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 38.93 | 16.45 | 9.33 |
| Total Income | 238.38 | 142.84 | 48.47 |
| Profit After Tax | 3.48 | 2.01 | 0.54 |
| NET Worth | 8.63 | 2.65 | 0.54 |
| Reserves and Surplus | 3.53 | 2.55 | 0.54 |
| Total Borrowing | 21.61 | 8.35 | 3.70 |
Key Ratios
EPS
₹6.83
NAV
₹16.93
ROE
61.77%
ROCE
20.81%
RoNW
40.36%
P/B Value
6.20
P/E Ratio
15.37
Market Cap
₹72.98 Cr
PAT Margin
1.47%
Debt/Equity
2.50
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Agarwal Industrial Corporation Ltd. | 19.9 | 16.58% | 28.29 | 32.7 |
| Nexxus Petro Industries Limited This IPO | 16.93 | 40.36% | 11.68 | 8.99 |
Promoters
Haresh Mohanlal Senghani, Rahul Mohanlal Senghani, Hinaben Haresh Senghani and Manishaben Rahul Senghani
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the working capital requirements of the Company 16.00 2 General corporate purposes 1.49
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹48.47 Cr in the period ending 31 Mar 2022, rising to ₹142.84 Cr by 31 Mar 2023, and further increasing to ₹238.38 Cr by 31 Mar 2024. This shows a strong growth trajectory in revenue over the reported periods.
Profit Trend
Profit after tax was ₹0.54 Cr in the period ending 31 Mar 2022, increasing to ₹2.01 Cr by 31 Mar 2023, and further rising to ₹3.48 Cr by 31 Mar 2024. This indicates a consistent improvement in profitability across the periods.
Valuation
Nexxus Petro Industries has an implied P/E of 11.68 at the issue price, compared to its peers, which have a P/E range of 28.29. This indicates that Nexxus is priced at a lower trailing earnings multiple than its peers.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The grey market premium (GMP) indicates the expected listing price of an IPO based on demand in this unofficial market. A positive GMP suggests strong demand, while a negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's fundamentals, market conditions, and their own investment strategy.
Who May Want to Wait
Investors with a low-risk tolerance or those seeking immediate returns may want to avoid IPOs like this, as they can be subject to market fluctuations and may require a longer investment horizon to realize gains.
IPO Timeline, Explained
The IPO opens for subscription on 26 September 2024 and closes on 30 September 2024. Allotment of shares is expected to be finalized on 1 October 2024, with shares listed on the stock exchange on 4 October 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a higher price than the issue price. However, these gains are not guaranteed and depend on market conditions at the time of listing. Investors should be aware that the stock price can fluctuate significantly on the listing day.
This evaluation is generated from Nexxus Petro Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Nexxus Petro Industries IPO open and close?
Nexxus Petro Industries IPO opens on 26 September 2024 and closes on 30 September 2024.
When does Nexxus Petro Industries IPO list on the stock exchange?
Nexxus Petro Industries IPO listed on 04 October 2024 at ₹105.0.
What is the lot size for Nexxus Petro Industries IPO?
The lot size for Nexxus Petro Industries IPO is 1200 shares, requiring a minimum investment of ₹126,000.
What is the issue price of the Nexxus Petro Industries IPO?
The issue price is ₹105.0.
What is the minimum investment required for this IPO?
The minimum investment required is ₹126,000.
What is the lot size for the Nexxus Petro Industries IPO?
The lot size is 1200 shares.
When is the listing date for this IPO?
The listing date is 4 October 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading demand.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Sep 2024
Close
30 Sep 2024
Allotment
01 Oct 2024
Listing
04 Oct 2024
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