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Open
26 Sep 2024
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Close
30 Sep 2024
3
Allotment
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Listing
Fri, Oct 4, 2024
Price Band
₹105 per share
Issue Size
18,50,400 shares (agg. up to ₹19 Cr)
Lot Size
1,200 Shares
Listing Date
Fri, Oct 4, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
04-10-2024₹0Est. ₹105+0%
03-10-2024₹0Est. ₹105+0%
02-10-2024₹0Est. ₹105+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 8.38x |
Restated Financials (₹ Cr.)
| 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 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 16.00 |
| 2 | General corporate purposes | 1.49 |
About Nexxus Petro Industries IPO
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. + Read More
Contact Details
Nexxus Petro Industries Ltd. AddressB-811 Swati TrinityApplewood Township Sanathal SanandDascroiAhmedabad, Gujarat, 382210+91 2717 454317cs@nexxusgroup.co.inVisit Website