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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹19.43 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹19.43 Cr |
| Fresh Issue | ₹18.45 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹105.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544265 |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Srujan Alpha Capital Advisors... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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
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 |
| 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 | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 61.77% |
| ROCE | 20.81% |
| Debt / Equity | 2.50% |
| RoNW | 40.36% |
| PAT Margin | 1.47% |
| Price to Book Value | 6.20 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.83 | 5.01 |
| P/E (x) | 15.37 | 20.94 |
| Promoter Holding | 100% | 73.38% |
| Market Cap | ₹72.98 Cr. | |
