Nexxus Petro Industries Ltd

Nexxus Petro Industries Ltd IPO

IPO Price Range: ₹105 - 105

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.

Min Investment

₹1,26,000

IPO Size

₹19 Cr

IPO Status

Closed

Quantity in 1 Lot

1200

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Nexxus Petro Industries Ltd

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

Key Statistics

Bid Opening DateBid Opening Date26 Sep 2024
Bid Closing DateBid Closing Date30 Sep 2024
Allotment DateAllotment Date1 Oct 2024
Issue SizeIssue Size₹19.43Cr
Quantity in 1 lotQuantity in 1 lot1200

Strength and risks

Strength

Strength

  • 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.


Risk

Risk

  • 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.

Promoters Holding

Investors Holdings %
Haresh Mohanlal Senghani37.25%
Rahul Mohanlal Senghani37.25%
Hina Haresh Senghani3.82%
Manisha Rahul Senghani3.82%

About Nexxus Petro Industries Ltd

OrganisationNexxus Petro Industries Ltd
HeadquartersAhmedabad
IndustryChemicals

Frequently Asked Questions

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

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

  • 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.

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

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

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

    The open and close dates of the Nexxus Petro Industries Ltd IPO are 26 Sep 2024 to 30 Sep 2024.

  • What is the lot size and minimum order quantity of the Nexxus Petro Industries Ltd IPO?

    The lot size and minimum order quantity of the Nexxus Petro Industries Ltd IPO are 1200 and 1200 respectively.

  • 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.