Nexxus Petro Industries Limited is coming up with an IPO with a fresh issue of 18,50,400 shares worth INR 19.43 crores. The company aims to meet working capital requirements and funds for general corporate purposes.
Nexxus Petro Industries IPO – Important Dates
| Nexxus Petro Industries Limited IPO Date | September 26, 2024 to September 30, 2024 |
| Nexxus Petro Industries Limited IPO Listing Date | October 4, 2024 |
| Nexxus Petro Industries Limited IPO Price | INR 105 per share |
| Nexxus Petro Industries Limited IPO Lot Size | 1200 Shares |
| Nexxus Petro Industries Limited IPO Total Issue Size | INR 19.43 crores |
| Nexxus Petro Industries Limited IPO Basis of Allotment | October 1, 2024 |
| Nexxus Petro Industries Limited IPO Initiation of Refunds | October 3, 2024 |
| Nexxus Petro Industries Limited IPO Credit of Shares to Demat | October 3, 2024 |
| Nexxus Petro Industries Limited IPO Issue Type | Fixed Price Issue |
| Nexxus Petro Industries Limited IPO Listing At | BSE SME |
Read more about Nexxus Petro Industries Limited IPO GMP
Nexxus Petro Industries Limited IPO – Company Profile
The Company is engaged in trading, manufacturing, and selling Petrochem products namely Bitumen products. The product is widely used in the infrastructure sector and the road construction industry. The range of products includes various grades of Bitumen which are classified on the basis of viscosity and related properties of each grade.
Presently, the company procures bitumen via imports from Dubai as well as purchases from other domestic importers/sellers in India. The further process bitumen is procured at the processing units located at Mundra, Gujarat; Pali, Rajasthan; Bhopal, Madhya Pradesh.
Apart from the sale of processed bitumen, the company also trades in bitumen by directly selling it to customers as per the requirement. The company endeavors to supply products to Customers at competitive prices while keeping quality standards.
Nexxus Petro Industries Ltd IPO Fundamental Analysis
Nexxus Petro Industries shows strong revenue growth and increasing profitability. However, the drop in RoNW and NAV per share suggests challenges in maintaining shareholder value. While the current ratio indicates good liquidity, the reliance on debt should be monitored.
Revenue and Expenses:
- Revenue saw significant growth from ₹4,847.02 lakhs in 2022 to ₹23,778.48 lakhs in 2024, indicating a strong upward trend.
- Expenses also increased considerably, from ₹4,772.62 lakhs to ₹23,363.52 lakhs, closely mirroring revenue growth.
Profit and EPS:
- Profit after tax rose from ₹54.06 lakhs in 2022 to ₹348.47 lakhs in 2024, showcasing improved profitability.
- Diluted EPS increased from ₹2.08 to ₹8.99, reflecting enhanced earnings for shareholders.
Return on Net Worth (RoNW):
- RoNW decreased from a high of 84.39% in 2022 to 40.36% in 2024, indicating a decline in profitability relative to equity, which may raise concerns about efficiency.
Net Asset Value (NAV):
- NAV per equity share initially increased from ₹64.06 in 2022 but dropped to ₹16.93 by 2024, which may signal issues with equity growth or significant dilution.
Assets and Liabilities:
- Total assets grew from ₹932.77 lakhs to ₹3,892.55 lakhs, indicating substantial expansion.
- Total liabilities increased as well, from ₹868.71 lakhs to ₹3,029.15 lakhs, suggesting higher leverage.
Debt Equity Ratio:
- The debt-to-equity ratio decreased from 5.77 in 2022 to 2.50 in 2024, reflecting improved capital structure management, though still indicating reliance on debt financing.
Current Ratio:
- The current ratio improved from 1.06 in 2022 to 1.33 in 2024, indicating better short-term financial health.
Nexxus Petro Industries IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 4,847.02 | 14,280.56 | 23,778.48 |
| Equity (₹ in lakhs) | 64.06 | 264.93 | 863.40 |
| Expenses (₹ in lakhs) | 4,772.62 | 14,004.35 | 23,363.52 |
| Profit and Loss After Tax (₹ in lakhs) | 54.06 | 200.87 | 348.47 |
| Diluted EPS only (₹) | 2.08 | 7.73 | 8.99 |
| Return on Net Worth (%) | 84.39 | 75.82 | 40.36 |
| NAV per Equity Share (₹) | 64.06 | 264.93 | 16.93 |
| Total Assets (in lakhs) | 932.77 | 1,644.96 | 3,892.55 |
| Total Liabilities (in lakhs) | 868.71 | 1,380.03 | 3,029.15 |
| Debt Equity Ratio | 5.77 | 3.15 | 2.50 |
| Current Ratio | 1.06 | 1.16 | 1.33 |
Nexxus Petro Industries Limited IPO Peer Comparison
Nexxus Petro Industries Limited and Agarwal Industrial Corporation Ltd show differing financial metrics, with Nexxus having a lower P/E ratio of 11.68 and EPS of 8.99, while Agarwal’s figures stand at 28.29 and 32.70, respectively.
| Company | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | RoNW (%) |
| Nexxus Petro Industries Limited | 10 | 11.68 | 8.99 | 40.36 |
| Agarwal Industrial Corporation Ltd | 10 | 28.29 | 32.70 | 16.58 |
Nexxus Petro Industries Ltd IPO Objective
The main objective of Nexxus Petro Industries is to utilize INR 16 crores from the Net Proceeds to meet significant working capital requirements. The remaining funds will be allocated for general corporate purposes, including operational expenses, project development, and enhancing business capabilities.
- To meet working capital requirements: The business has significant working capital requirements. The company plans to utilise to the extent of INR 16 crores from the Net Proceeds for the same.
- General Corporate Purpose: The company will deploy the balance of funds for general corporate purposes, including meeting operating expenses and initial development costs for various projects, strengthening business development and marketing capabilities, and addressing unforeseen exigencies in ordinary operations.
Nexxus Petro Industries IPO Risks And Challenges
Nexxus Petro Industries’ risk includes negative cash flows faced by the company previously, and continued negative cash flows may negatively impact operations, revenues, profitability, and growth plans. Additionally, its primary product, Bitumen, is hazardous, and accidents could lead to liability for damages. Moreover, the company competes in an industry dominated by large integrated players.
- The company has experienced negative cash flows in the past. Any negative cash flows in the future could adversely affect the results of operations and consequently the revenues, profitability, and growth plans.
- The main product Bitumen is a petrochemical product and is considered 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 operates in a competitive industry dominated by large integrated players.
Nexxus Petro Industries Ltd IPO – Industry & Market Potential
The global bitumen market is projected to grow from USD 51.69 billion in 2021 to USD 67.14 billion in 2028 at a CAGR of 3.8% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with witnessing a negative impact on demand across all regions amid the pandemic.
The global market exhibited a lower growth of 2.91% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributable to this market demand and growth, returning to pre-pandemic is over. The global market is projected to grow significantly, owing to the rapid growth in demand from the construction sector.
Nexxus Petro Industries Limited IPO – Type of Offer
Nexxus Petro Industries Limited is launching an IPO that includes a fresh issue of 18,50,400 shares valued at ₹19.43 crores. The company plans to use the funds to address working capital needs and for general corporate purposes.
Nexxus Petro Industries IPO Offer Size
The offer size of Nexxus Petro Industries Limited is ₹19.43 crores, comprising a fresh issue of 18,50,400 shares. The funds will be utilized to meet working capital requirements and for general corporate purposes.
Nexxus Petro Industries Limited IPO Allotment Structure
Nexxus Petro Industries Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 93,600 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 93,600 shares for this purpose.
Read more about Nexxus Petro Industries IPO Allotment Status
How to apply for the Nexxus Petro Industries IPO?
To apply for the Nexxus Petro Industries Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Nexxus Petro Industries Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Nexxus Petro Industries Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Nexxus Petro Industries IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Nexxus Petro Industries Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Nexxus Petro Industries Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Nexxus Petro Industries Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Nexxus Petro Industries Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Nexxus Petro Industries Ltd IPO Offer Registrar
The registrar for the Nexxus Petro Industries Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited
Selenium Tower 3 B,
Plot 31 & 32, Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad 500032
E-mail: [email protected]
Website: www.kfintech.com
Nexxus Petro Industries IPO – FAQs
1. What is the allotment date of the Nexxus Petro Industries IPO?
The allotment date of the Nexxus Petro Industries Limited IPO is October 1, 2024.
2. What is the price band of the Nexxus Petro Industries IPO?
The price band of the issue is INR 105 per share.
3. What is the size of the Nexxus Petro Industries IPO?
The offer size of Nexxus Petro Industries Limited is ₹19.43 crores, comprising a fresh issue of 18,50,400 shares. The funds will be utilized to meet working capital requirements and for general corporate purposes.
4. What is the listing date of the Nexxus Petro Industries IPO?
The listing date of Nexxus Petro Industries Limited’s IPO is October 4, 2024.
