Nexxus Petro Industries’ IPO is a fixed-price issue valued at Rs 19.43 crores. The entire issue consists of a fresh offering of 18.5 lakh shares.
The subscription for the Nexxus Petro Industries IPO opens on September 26, 2024, and closes on September 30, 2024. The allotment of shares is expected to be finalized on Tuesday, October 1, 2024. The company plans to list on the BSE SME, with a tentative listing date set for Friday, October 4, 2024.
Nexxus Petro Industries Limited operates in the petrochemical sector. The company specializes in the trading, manufacturing, and sale of petrochemical products, with a primary focus on bitumen and bitumen emulsions. These products are widely used in the infrastructure and construction sectors, particularly for road construction.
The price of the Nexxus Petro Industries IPO is ₹105 per share. Investors must apply for a minimum lot size of 1,200 shares, which requires a minimum investment of ₹126,000 for retail investors. High-net-worth individuals (HNIs) need to invest in at least 2 lots (2,400 shares), amounting to ₹252,000.
Srujan Alpha Capital Advisors LLP is the book-running lead manager for the Nexxus Petro Industries IPO, while Kfin Technologies Limited is the registrar. The market maker for the IPO is Gretex Share Broking.
Nexxus Petro Industries IPO Details:
| Company Name | Nexxus Petro Industries Limited |
| Sector | Petrochemical |
| IPO Type | SME |
| IPO Open date | 26th Sep 2024 |
| IPO Close date | 30th Sep 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Nexxus Petro Industries IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,26,000 |
| HNI (Min) | 2 | 2400 | 2,52,000 |
Nexxus Petro Industries IPO Timeline:
| IPO Open Date | 26th Sep 2024 |
| IPO Close Date | 30th Sep 2024 |
| Basis of Allotment | 01st Oct 2024 |
| Refund Initiation Date | 03rd Oct 2024 |
| Shares Credit to Demat | 03rd Oct 2024 |
| Listing Date | 04th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Nexxus Petro Industries’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Petrochemicals Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Nexxus Petro Industries and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
