Nexxus Petro Industries IPO

Nexxus Petro Industries' IPO offers 18.50 lakh shares worth ₹19.43 crore to meet working capital needs and fund general corporate purposes.

Important Details

Open Date : September 26, 2024 Close Date : September 30, 2024 Allotment Date: October 1, 2024 Listing Date: October 4, 2024

Important Details

IPO Price: INR 105 per share Lot Size: 1200 Shares Total Issue Size: INR 19.43 crores

Fundamental Analysis

Nexxus Petro Industries IPO shows mixed performance: 1. Strong revenue and profitability. 2. Decline in RoNW and NAV impacts shareholder value. 3. Good liquidity; debt reliance needs monitoring.

Peer Comparison

Nexxus has a lower P/E ratio (11.68) and EPS (8.99). Agarwal has a higher P/E ratio (28.29) and EPS (32.70).

Objective

Main objective of Nexxus Petro Industries: 1. ₹16cr for working capital needs . 2. Remaining funds for general corporate purposes, including operations, project development, and business growth.

Risks And Challenges

Nexxus Petro Industries IPO Risks: 1. Negative cash flows may affect operations and growth. 2. Bitumen hazards could lead to liability. 3. Competes with large integrated players.