NEXXUS PETRO INDUSTRIES LIMITED

26 Sep 2024 - 30 Sep 2024 Individual Category SME BSE

Min Investment

₹126000

Price Band

₹105

Issue Size

18.5 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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26 Sep 2024

Open Date

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30 Sep 2024

Close Date

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01 Oct 2024

Allotment Date

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04 Oct 2024

Listing Date

Nexxus Petro Industries IPO is open for subscription starting Thursday, September 26, 2024, and closing on Monday, September 30, 2024. This upcoming IPO price is Rs 105 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,26,000 (105 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,52,000 (105 x 2400 shares). Nexxus Petro Industries IPO is a fixed price issue of Rs 19.43 crores. This upcoming IPO is an entirely fresh issue of 18.5 lakh equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, October 1, 2024. Nexxus Petro Industries IPO will be listed on BSE SME on Friday, October 4, 2024. Srujan Alpha Capital Advisors LLP is the book-running lead manager, Kfin Technologies Limited is the registrar for this IPO and market maker for this IPO is Gretex Share Broking.

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About Nexxus Petro Industries Limited

Nexxus Petro Industries Limited was incorporated in 2021 and is engaged in the trading, manufacturing, and sale of petrochemical products. Nexxus produces and distributes high-quality bitumen, bitumen emulsions, and special bituminous allied products to infrastructure or construction companies, government agencies, road authorities, and the bitumen industry. The company has upgraded its processing unit, boosting production capacity and product quality. This has led to an increase in customers due to its positive approach towards clients. Nexxus Petro Industries has three manufacturing units each in Gujarat, Rajasthan and Madhya Pradesh. The company had a team of 17 permanent employees.

Founded

2021

Managing Director

Haresh Mohanlal Senghani, Rahul Mohanlal Senghani, Hinaben Haresh Senghani and Manishaben Rahul Seng

Parent Organization

IPO Objectives

The net proceeds from this initial public offer will be used to fund the working capital needs of the company. The remaining money will be used for fulfilling the general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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