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Nexxus Petro Industries IPO is a book build IPO listing on BSE SME exchange. The company is based in Ahmedabad and caters to Chemical sector. Srujan Alpha Capital Advisors Llp is the merchant banker of Nexxus Petro Industries IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 31st December 2023.
Nexxus Petro Industries IPO open date is 26th September 2024 and close date is 30th September 2024. IPO Allotment Date is 1st October 2024 and Listing date is 4th October 2024.Nexxus Petro Industries IPO size is Rs 19.43 Cr. crores with IPO price of Rs 105.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Srujan Alpha Capital Advisors Llp is the book-running lead manager of the Nexxus Petro Industries IPO. Kfin Technologies Limited is the Registrar and Market Maker is Gretex Share Broking Private Limited for Nexxus Petro Industries IPO.
Nexxus Petro Industries IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Nexxus Petro Industries IPO, based in Ahmedabad, operates in the Chemical sector with a focus on trading, manufacturing, and sale of petrochemical products, particularly bitumen products.. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Nexxus Petro Industries IPO size is ₹ 19.43 Cr. Crores with fresh issue size of Rs 19.43 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Nexxus Petro Industries IPO is expected to be 1st October 2024, after the finalization of basis of allotment. Investors can check Nexxus Petro Industries IPO allotment status on the registrars website, Kfin Technologies Limited. Nexxus Petro Industries IPO refund dates are 3rd October 2024.
Nexxus Petro Industries IPO is expected to be listed on 4th October 2024.
The upper price band for the Nexxus Petro Industries IPO is set at ₹ 105.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Nexxus Petro Industries IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Nexxus Petro Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 30th September 2024. After submission, funds are blocked until the basis of allotment of Nexxus Petro Industries IPO is finalised.
The merchant banker for Nexxus Petro Industries IPO is Srujan Alpha Capital Advisors Llp . Srujan Alpha Capital Advisors Llp manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Nexxus Petro Industries IPO RHP for further details.
The registrar for Nexxus Petro Industries IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Nexxus Petro Industries IPO through their official website or helpline.
Nexxus Petro Industries IPO was subscribed 8.44 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 19.43 Cr.
Avg IPO Size (Sector Based)
:
₹ 26.24 Cr.
Sector: Chemical
SME IPO so far:
40
Merchant Banker:
Srujan Alpha
SME IPO by BRLM so far:
47
City:
Ahmedabad
SME IPO so far:
174
Revenue (annualised):
₹ 2.38 cr.
PE
Ratio:
20.94x
Average Sector PE Ratio: 17.10x
Nexxus Petro Industries IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Nexxus Petro Industries Financial Review Page
Merchant Banker(s) of Nexxus Petro Industries IPO: Srujan Alpha Capital Advisors Llp
Nexxus Petro Industries IPO subscription was 8.44 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Nexxus Petro Industries IPO listed at a listing price of 132.30 against the offer price of 105.00.
The current market price of Nexxus Petro Industries is 118.00.
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