Nexxus Petro Industries Limited
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Nexxus Petro Industries Limited's successfully completed its Initial Public Offering and commenced trading on Oct 04, 2024 at the BSE exchange. The company raised 18,50,400 Shares through this public offering, comprising 18,50,400 Shares in fresh capital.
The IPO was priced within the band of ₹105 to ₹105, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from Sep 26, 2024 to Sep 30, 2024.
Share allotment was finalized on Oct 01, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in October 2021, Nexxus Petro Industries Limited specializes in the trading, manufacturing, and sale of high-quality petrochemical products, mainly bitumen and bitumen emulsions for the infrastructure and construction sector, serving government agencies and road authorities. The company holds BIS and ISO certifications, ensuring strict quality standards in its products and processes, and recent upgrades to its three manufacturing units located in Kutch (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh) have boosted production capacity and enhanced product quality, resulting in better customer satisfaction and a growing client base. With only 17 permanent employees as of September 2024, Nexxus Petro maintains lean operations and focused management.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Expert Leadership: Nexxus Petro’s experienced management team drives strategic growth and ensures smooth operations in the petrochemical sector.
- Commitment to Quality: With BIS and ISO certifications, the company prioritizes high-quality products, backed by recent upgrades to its manufacturing facilities.
- Trusted Partnerships: Strong relationships with suppliers and key clients, including government agencies, enhance its reliability and market presence.
- Tax Issues: Ongoing tax matters related to the promoters could affect the company’s finances and day-to-day operations.
- Cash Flow Challenges: The company has faced negative cash flows in the past, which might make it harder to maintain operations and invest in future growth.
- Short Track Record: With a limited operating history, it’s harder to predict the company’s long-term growth and stability.
- Mr. Haresh Mohanlal Senghani,
- Mr. Rahul Mohanlal Senghani,
- Mrs. Hinaben Haresh Senghani
- Mrs. Manishaben Rahul Senghani.
Nexxus Petro Industries Limited
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