This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
Funding of working capital requirements of the company
Strengths & Weaknesses of Nexxus Petro Industries Limited
Geographical advantage
The company’s factories in Kutch (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh) are well-equipped. These diverse locations provide advantages in economies of scale and closer proximity to customers
Scalable business model
Bitumen's use across various industries presents opportunities for growth, product diversification, and new customer acquisition, ensuring the company's scalable business model
Relationship with suppliers
The company believes that strong supplier relationships are key to growth, ensuring timely and quality raw materials. This reliability enables effective inventory management and fosters repeat business from customers
Hazardous product
The company’s main product, Bitumen, is a hazardous petrochemical. In the event of accidents involving this material, the company may be liable for damages and legal actions
Dependent on a few suppliers
The company relies heavily on certain suppliers for raw materials. If these suppliers fail to deliver on time or meet quality and cost requirements, it could negatively impact the company’s operations and financial condition
Non-compliance
The company has noted non-compliance in its records regarding required filings with the Registrar of Companies. Future penalties or actions by regulatory authorities could negatively affect the company's financial position
Financials
Earnings Per Share
Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.
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Balance Sheet
A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
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Cash Flow
The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
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About Nexxus Petro Industries Limited
Nexxus Petro Industries Ltd. was incorporated on October 5, 2021. The company is involved in trading, manufacturing, and selling petrochemical products, primarily Bitumen, which is widely used in road construction. It sources Bitumen through imports from Dubai and domestic sellers, offering various grades based on viscosity while striving to maintain quality at competitive prices
Promoter
Haresh Mohanlal Senghani
Promoter
Rahul Mohanlal Senghani
Promoter
Hina Haresh Senghani
Promoter
Manisha Rahul Senghani
Nexxus Petro Industries Limited IPO FAQs
What is Nexxus Petro Industries Limited IPO?
Nexxus Petro Industries Limited IPO refers to the initial public offering of shares by Nexxus Petro Industries Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.
What is the issue size of Nexxus Petro Industries Limited IPO?
For Nexxus Petro Industries Limited IPO the issue size is ₹19 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.
What is the minimum investment amount for the Nexxus Petro Industries Limited IPO?
For Nexxus Petro Industries Limited IPO the minimum investment is ₹1,26,000. The minimum investment for Nexxus Petro Industries Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.
What is the lot size of Nexxus Petro Industries Limited IPO?
For Nexxus Petro Industries Limited IPO the lot size is 1200 shares. The lot size of Nexxus Petro Industries Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.
How to apply for Nexxus Petro Industries Limited IPO on Share.Market?
To apply for Nexxus Petro Industries Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Nexxus Petro Industries Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.
Can I pre-apply for Nexxus Petro Industries Limited IPO?
Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Nexxus Petro Industries Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.
How many days is the IPO application window open?
The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.
Till what time can I apply for an IPO on the last day on Share.Market?
You can apply for the IPO till 3 PM on the last day of application on Share.Market.
What is the allotment date of Nexxus Petro Industries Limited IPO?
For Nexxus Petro Industries Limited IPO the allotment date is October 1, 2024. The allotment date of Nexxus Petro Industries Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.
What are the open and close dates of Nexxus Petro Industries Limited IPO?
For Nexxus Petro Industries Limited IPO, the subscription opens on September 26, 2024 and closes on September 30, 2024. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
