Nexxus Petro Industries Limited IPO has a ₹0 Grey Market Premium as of September 25, 2024, with a price range of ₹105 per share. Offering lots of 1200 shares, the subscription window is open from September 26 to September 30, 2024.
Nexxus Petro Industries Limited IPO GMP Today
The Grey Market Premium (GMP) for Nexxus Petro Industries Limited is ₹0 as of September 25, 2024. This assessment coincides with a price of ₹105 per share for the IPO.
Nexxus Petro Industries Limited IPO Review
Nexxus Petro Industries Ltd demonstrates robust revenue growth and rising profitability, with revenue increasing from ₹4,847.02 lakhs in 2022 to ₹23,778.48 lakhs in 2024. Although expenses also grew significantly, profit after tax surged from ₹54.06 lakhs to ₹348.47 lakhs, showcasing improved earnings.
Despite strong growth, the decline in Return on Net Worth (RoNW) from 84.39% to 40.36% raises efficiency concerns. Additionally, the Net Asset Value (NAV) per share fell from ₹64.06 to ₹16.93, indicating potential equity issues. The current ratio improved from 1.06 to 1.33, suggesting better short-term financial health.
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Nexxus Petro Industries Limited IPO Date
Nexxus Petro Industries Limited will start accepting subscriptions from September 26, 2024, to September 30, 2024.
Nexxus Petro Industries Limited IPO Price
Nexxus Petro Industries Limited’s price range is at ₹105 per share with a face value of ₹10 each.
Nexxus Petro Industries Limited
The company specialises in trading, manufacturing, and selling Bitumen products, essential for infrastructure and road construction. It sources bitumen through imports from Dubai and domestic sellers, processing it at units in Mundra, Pali, and Bhopal. In addition to processed bitumen, the company directly sells to customers, focusing on competitive pricing and maintaining high-quality standards.
How To Apply For Nexxus Petro Industries Limited IPO?
To apply for the Nexxus Petro Industries Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Nexxus Petro Industries Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
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