Issue Price
₹105
Per Share
GMP
NIL
Grey Market
Est. Listing
₹105
Expected Price
Min. Application
₹252,000
2 lots × 1200 shares
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 StrengthsExperienced Management Team to look after day to day operations.Strong Supplier relationship for business growthFactories in Kutch, Gujarat, Pali, Rajasthan, and Bhopal, Madhya Pradesh, are well-equipped with modern machines and advanced processes.
Nexxus Petro Industries Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 93,600 | — | ₹0.98 Cr | — |
| TOTAL | 1,850,400 | 100.00% | ₹19.43 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹126,000 |
| Retail (Max) | 13 | 15,600 | ₹1,638,000 |
| sNII (Min) | 14 | 16,800 | ₹1,764,000 |
| bNII (Min) | 68 | 81,600 | ₹8,568,000 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 23837.57 | 14283.95 | 4847.02 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 348.47 | 200.87 | 54.06 |
| Net Worth | 863.40 | 264.93 | 54.06 |
| Total Assets | 3892.55 | 1644.96 | 932.77 |
| Reserves & Surplus | 353.40 | 254.93 | 54.06 |
| Total Borrowings | 2161.43 | 835.10 | 369.83 |