Nexxus Petro Industries Limited (BSE SME)
Sep 26, 2024 - Sep 30, 2024
| Price | ₹105 - ₹105 |
| Premium | ₹0 |
|---|---|
| Lot size | 1200 |
| Allotment | Oct 1, 2024 |
| Listing | Oct 4, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 126000 | 732 |
| HNI | 2 | 2400 | 252000 | 732 |
Last updated on 30-Sep-2024 17:10:08
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 878400 | 7477200 | 8.51 |
| Retail | 878400 | 7449600 | 8.48 |
| Total | 1756800 | 14926800 | 8.5 |
| Total Applications: 15608 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.2 | @8% ₹1.37 | @9% ₹1.54 | @10% ₹1.71 | @11% ₹1.89 | @12% ₹2.06 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 878400 |
| Other | 47.5% | 878400 |
| Market Maker | 5.0% | 93600 |
| Total No. of Shares | 100.0% | 1850400 |
Nexxus Petro Industries IPO Details
| Issue Size | 1,850,400 shares (aggregating up to ₹19.43 Cr) |
| Fresh Issue | 1,850,400 shares (aggregating up to ₹19.43 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,100,000 |
| Share holding post issue | 6,950,400 |
| Market Maker portion | 93,600 shares Gretex Share Broking |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 61.77% | 122.12% | 168.78% |
| ROCE | 20.81% | 30.73% | 18.16% |
| RONW | 40.36% | 75.82% | 84.39% |
| D/E | 2.5 | 3.15 | 5.77 |
| EPS (Diluted) | 8.99 | 7.73 | 2.08 |
| P/E Pre IPO | 15.37 | ||
| P/E Post IPO | 20.94 |
Company Financials
Nexxus Petro Industries Limited Financial Information (Restated)
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 | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 3,892.55 | 1,644.96 | 932.77 | |||||||||||||||||||||||||||
| Revenue | 23,837.57 | 14,283.95 | 4,847.02 | |||||||||||||||||||||||||||
| Profit | 348.47 | 200.87 | 54.06 | |||||||||||||||||||||||||||
| Net Worth | 863.4 | 264.93 | 54.06 | |||||||||||||||||||||||||||
| Reserves | 353.4 | 254.93 | 54.06 | |||||||||||||||||||||||||||
| Borrowing | 2,161.43 | 835.1 | 369.83 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Company
Incorporated in October 2021, Nexxus Petro Industries Limited specializes in the trading, manufacturing, and sale of high-quality petrochemical products, with a primary focus on bitumen and bitumen emulsions for the infrastructure and construction sectors, serving government agencies and road authorities. The company holds both BIS and ISO certifications, reflecting its commitment to maintaining stringent quality standards in its products and processes. Recent upgrades to its three manufacturing units, located in Kutch (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh), have significantly boosted production capacity and product quality, enhancing customer satisfaction and expanding its client base. With a lean workforce of 17 permanent employees as of September 2024, Nexxus Petro maintains operational efficiency and focused management.
Srujan Alpha Capital Advisors Llp
Experienced Management: Nexxus Petro's leadership brings valuable expertise in the petrochemical sector, guiding strategic growth and operational efficiency.
Quality-Focused Delivery: With BIS and ISO certifications, the company ensures high-quality products, further enhanced by recent upgrades to its manufacturing units.
Strong Supplier and Customer Relationships: Established connections with suppliers and key clients, including government agencies, bolster reliability and market presence.
Outstanding Tax Proceedings: Ongoing tax issues involving the promoters could negatively impact the company's financial condition and operations.
Negative Cash Flows: Past negative cash flows may challenge the company’s ability to sustain operations and fund future growth.
Limited Operating History: The Company’s short track record makes it difficult to predict future growth and stability with certainty.
Phone: 04067162222, 04079611000
Email: npil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/