Nexxus Petro Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹105
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,26,000
Issue Size
₹19.43 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Nexxus Petro Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73.38%
Issue Type
Fixed Price - SME
ISIN
INE0QUL01011
About the Company
Our Company is engaged in trading, manufacturing and selling of Petrochem products namely Bitumen products. Our product is widely used in infrastructure sector being road construction industry. Our range of products includes various grades of Bitumen which are classified on the base of viscosity and related properties of each grades. Presently, we procure bitumen via imports from Dubai as well as purchase from other domestic importers/sellers in India. We further process the bitumen procured at our processing units located at Mundra, Gujarat. Apart from sale of processed bitumen, we also trade in bitumen by directly selling it to customers as per the requirement. We endeavor to supply products to our Customers at competitive prices yet keeping quality standards.
Industry Overview
Asia-Pacific will exceed USD 35 Billion in 2027 driven by the growing application of bitumen products in various applications. The road and highway construction industry in APAC countries, such as China, India, and Australia, has been increasing rapidly and is driven by the growing automobile ownership and increasing urbanization in the region. The rise in freight and passenger road transportation in the country, followed by manufacturing activities will further propel road construction and development. Additionally, growing investment industrial sectors have significantly influenced the bitumen revenue in the country.
Company History
Our Company was originally incorporated as "Nexxus Petro Industries Private Limited" as a private limited company under the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation dated October 5, 2021, issued by the Assistant Registrar of Companies, Central Registration Center. Thereafter, our Company was converted in to a public limited company under the name, "Nexxus Petro Industries Limited" on July 18, 2023 vide Special Resolution passed by shareholders at the Extra Ordinary General Meeting of our Company held on July 13, 2023 and a fresh certificate of Incorporation dated July 18, 2023 was issued by Registrar of Companies, Ahmedabad, Gujarat vide CIN No. U50400GJ2021PLC126116.
Growth Strategy
- Expanding our clientele Network by Geographic expansion.
- Maintaining and enhancing relationship with customers and suppliers.
- Focus on quality parameters for our products.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of upto 18,50,400 equity shares of face value of Rs. 10/- each Equity Shares of Nexxus Petro Industries Limited "Nexxus" or <The Company or <the Issuer") for cash at a price of Rs. 105 per equity share (including a premium of Rs. 95 per equity share) issue price aggregating to Rs. 19.43 crores the Issue of which 93,600 equity shares aggregating to Rs. 0.98 crores will be reserved for subscription by market maker market maker reservation portion. The issue less the market maker reservation portion i.e. net issue of 17,56,800 equity shares of face value of Rs. 10/- each at an issue price of Rs. 105 per equity share aggregating to Rs. 18.45 crores "Net Issue". The issue and the net issue will constitute 26.62% and 25.28% of the post issue paidup equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is 10.5 times of the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Management Experience.
- Quality focused business delivery.
- Existing relationship with suppliers and customer.
- Strategic location of the existing and upcoming manufacturing unit.
- Optimal Utilization of Resources.
- There is certain outstanding tax proceedings against its Promoters which may adversely affect the company's business, financial condition and results of operations.
- The company has experienced negative cash flows in the past.
- The company has a limited operating and financial history, which makes it difficult to accurately assess its future growth prospects.
- Its main product Bitumen is a petrochemical product and considerd hazardous in nature. In the event of any accidents involving any such hazardous materials and substances, the Company may be held liable for subsequent damages and litigations.
- The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.