Nexxus Petro Industries Ltd

Nexxus Petro Industries Ltd IPO

Nexxus Petro Industries Ltd IPO Price Range is ₹105 - 105, with a minimum investment of ₹1,26,000 for 1200 shares.

₹1,26,000

/ 1200 shares

Minimum Investment

View Nexxus Petro Industries Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹105 - 105

Open Date

2024-09-26

Close Date

2024-09-30

IPO Size

₹19.43 Cr

Lot Size

1200 shares

Min Investment

₹1,26,000

Listing Exchange

BSE

Nexxus Petro Industries Ltd IPO Application Timeline

passed
Open Date26 Sep 2024
passed
Close Date30 Sep 2024
passed
Allotment Date1 Oct 2024
passed
Listing Date4 Oct 2024

Strengths and Risks

Strengths

Strengths

  • Management Experience.

  • Quality focused business delivery.

  • Existing relationship with suppliers and customer.

  • Strategic location of the existing and upcoming manufacturing unit.

  • Optimal Utilization of Resources.

  • Scalable Business Model.


Risks

Risks

  • There is certain outstanding tax proceedings against its Promoters which may adversely affect the companys business, financial condition and results of operations.

  • The company has experienced negative cash flows in the past.

  • The company has a limited operating and financial history, which makes it difficult to accurately assess its future growth prospects.

  • Its main product Bitumen is a petrochemical product and considerd hazardous in nature. In the event of any accidents involving any such hazardous materials and substances, the Company may be held liable for subsequent damages and litigations.

  • The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Companys financial condition and results of operations.

  • The company relies significantly on some suppliers for the supply of its raw materials. If these suppliers are unable or unwilling to supply raw materials on time or otherwise fail to meet its requirements, the companys business will be harmed. An inability to procure the desired quality, quantity of its raw materials in a timely manner and at reasonable costs, or at all, may have a material adverse effect on its business, results of operations and financial condition.

  • Its Registered office and factory are on rented premises.

  • A certain amount of its revenue is generated from certain key customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect the companys business, results of operations, financial condition and cash flows.

  • The company operates in a competitive industry dominate by large integrated players.

  • Its bitumen business is subject to seasonal and other fluctuations that may affect its cash flows and business operations.

How to Apply for Nexxus Petro Industries Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Nexxus Petro Industries Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Nexxus Petro Industries Ltd

Our Company is engaged in trading, manufacturing and selling of Petrochem products namely Bitumen products. Our product is widely used in infrastructure sector being road construction industry. Our range of products includes various grades of Bitumen which are classified on the base of viscosity and related properties of each grades. Presently, we procure bitumen via imports from Dubai as well as purchase from other domestic importers/sellers in India. We further process the bitumen procured at our processing units located at Mundra, Gujarat. Apart from sale of processed bitumen, we also trade in bitumen by directly selling it to customers as per the requirement. We endeavor to supply products to our Customers at competitive prices yet keeping quality standards.

Frequently Asked Questions of Nexxus Petro Industries Ltd IPO

What is the size of the Nexxus Petro Industries Ltd IPO?

The size of the Nexxus Petro Industries Ltd IPO is ₹19.43 Cr.

What is the allotment date of the Nexxus Petro Industries Ltd IPO?

Nexxus Petro Industries Ltd IPO allotment date is Oct 1, 2024 (tentative).

What are the open and close dates of the Nexxus Petro Industries Ltd IPO?

The Nexxus Petro Industries Ltd IPO will open on Sep 26, 2024 and close on Sep 30, 2024

What is the lot size of Nexxus Petro Industries Ltd IPO?

The lot size for the Nexxus Petro Industries Ltd IPO is 1200.

When will my Nexxus Petro Industries Ltd IPO order be placed?

Your Nexxus Petro Industries Ltd IPO order will be placed on Sep 26, 2024

Can we invest in Nexxus Petro Industries Ltd IPO?

Yes, once Nexxus Petro Industries Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Nexxus Petro Industries Ltd IPO?

The potential listing gains on the Nexxus Petro Industries Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Nexxus Petro Industries Ltd IPO?

'Pre-apply' for Nexxus Petro Industries Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.