Nexxus Petro Industries IPO – The initial public offering (IPO) for Nexxus Petro Industries will open on September 26, 2024, and close on September 30, 2024. The IPO for Nexxus Petro Industries has a fixed price. With an IPO that includes a fresh issuance of ₹19.43 crores and the offering for sale of up to equity shares with a face value of ₹10 apiece, the business hopes to raise about ₹19.43 crores.
The IPO price range for Nexxus Petro Industries is ₹105 per share. HNI is 50%, QIB is 0%, and the retail quota is 50%. On October 4, 2024, Nexxus Petro Industries will go public and list on the BSE. October 1, 2024 is the date of Nexxus Petro Industries’ allotted.
Nexxus Petro Industries IPO Details
| IPO Open Date: | September 26, 2024 |
| IPO Close Date: | September 30, 2024 |
| Listing Date | October 4, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹105 Per Share |
| Issue Size: | Approx ₹19.43 Crores |
| Fresh Issue: | Approx ₹19.43 Crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
Nexxus Petro Industries Financials
In 2023, the company’s revenue was ₹142.84 crore, while in 2041, it was ₹238.38 crore. In 2024, the company’s profit was ₹3.48 crore, compared to ₹2.01 crore in 2023.
| FY 2024 | |
| Revenue | ₹238.38 |
| Expenses | ₹233.64 |
| Profit after tax | ₹3.48 |
| Assets | ₹38.93 |
| ROE: | 61.77% |
| ROCE: | 20.81% |
| EBITDA Margin: | 2.58% |
| PAT Margin: | 1.47% |
| Debt to equity ratio: | 2.50 |
| Earning Per Share (EPS): | ₹8.99 |
About the Company – Petro Industries
Nexxus Petro Industries Limited engages in the trade, production, and marketing of petrochemical products, primarily bitumen.The company manufactures and distributes high-quality bitumen, bitumen emulsions, and specialized bituminous associated goods to infrastructure/construction firms, government agencies, road authority, and the bitumen sector. The company’s goods and procedures have been BIS and ISO certified.
It has improved its processing plant to increase production capacity and product quality. This has resulted in a rise in customers due to its good attitude toward clients.The company has three manufacturing facilities in Gujarat, Rajasthan, and Madhya Pradesh.
