Nexxus Petro Industries SME IPO Details, Financials, Valuation & Peers
Explore Nexxus Petro Industries IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Nexxus Petro Industries Limited is a manufacturing and trading company engaged in the production and sale of bitumen products, primarily catering to the infrastructure sector, with a focus on the road construction industry. Incorporated in 2021, the company has quickly established itself in the petrochemical sector, offering a wide range of bitumen products that are classified based on viscosity and other related properties. Nexxus sources its bitumen from both domestic suppliers and imports, processes it at its facilities in Gujarat, Rajasthan, and Madhya Pradesh, and supplies it to customers in the road construction sector. The company holds BIS and ISO certifications, ensuring high-quality standards, and is committed to continuous improvement in its production processes through the use of advanced machinery and testing facilities.
Key Points:
- Core Business: The company specializes in the production and sale of various grades of bitumen, a sticky, black, and highly viscous liquid derived from petroleum, used primarily in road construction, along with other applications like waterproofing, adhesives, and industrial coatings.
- Product Range: Nexxus offers a wide range of bitumen products, including VG 10, VG 30, VG 40, and different emulsions like RS1, RS2, SS1, and SS2. The products are designed to meet the needs of the road construction and infrastructure sectors.
- Manufacturing Facilities: The company operates manufacturing and processing units in Mundra (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh), all equipped with advanced machinery and testing facilities to ensure high product quality.
- Customer Base: Nexxus serves customers in the road construction industry and endeavors to provide high-quality products at competitive prices. The company engages with its customers to keep up with industry trends and to refine its products accordingly.
- International Reach: While focused on the domestic market, Nexxus also imports bitumen and is gradually expanding its presence in international markets.
Objects of the Issue
- Funding the working capital requirements of the Company
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 26 Sep - 30 Sep 2024 |
| IPO Price Band | ₹105 per share |
| Fresh Issue | 18,50,400 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹19.43 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 26 Sep 2024 |
| IPO Closing Date | 30 Sep 2024 |
| Basis Of Allotment | 01 Oct 2024 |
| Refunds | 03 Oct 2024 |
| Demat Transfer | 03 Oct 2024 |
| IPO Listing Date | 04 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| Total Income | 48.47 | 142.84 | 238.38 |
| Total Expenses | 47.73 | 140.04 | 233.64 |
| Net Profit/Loss | 0.54 | 2.01 | 3.48 |
| NPM (*) | 1.12 | 1.41 | 1.47 |
| Total Assets | 9.33 | 16.45 | 38.93 |
| Total Liabilities | 8.69 | 13.80 | 30.29 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| EPS | 2.08 | 7.73 | 8.99 |
| ROE (%) | 168.78 | 122.12 | 61.77 |
| ROCE (%) | 18.16 | 30.73 | 20.81 |
| D/E Ratio | 5.77 | 3.15 | 2.50 |
| Current Ratio | 1.06 | 1.16 | 1.33 |
| EBITDA MARGIN (%) | 1.68 | 2.50 | 2.58 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Nexxus Petro Industries Limited | 237.78 | 11.68 | 8.99 | 40.36 | 16.93 |
| Agarwal Industrial Corporation Ltd | 1,794.32 | 28.29 | 32.70 | 16.58 | 19.90 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 8.41 |
| Retail Individual Investor (RII) | 8.48 |
| Total | 8.44 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- MR. HARESH MOHANLAL SENGHANI
- MR. RAHUL MOHANLAL SENGHANI
- MRS. HINABEN HARESH SENGHANI
- MRS. MANISHABEN RAHUL SENGHANI
Lead Managers
- SRUJAN ALPHA CAPITAL ADVISORS LLP
Company Address
Nexxus Petro Industries Limited
B-811 Swati Trinity, Applewood Township Sanathal Sanand, Sarkhej, Ahmedabad, Dascroi, Gujarat, India, 382210
Phone: +91 2717 454317
Email: cs@nexxusgroup.co.in
Website: www.nexxusgroup.co.in
FAQs
- What is the issue size of the Nexxus Petro Industries SME IPO?The Nexxus Petro Industries SME IPO has an issue size of ₹19.43 crore. This includes a fresh issue of 18,50,400 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Nexxus Petro Industries IPO?The price band for the Nexxus Petro Industries IPO is ₹105 per share.
- What are the bidding dates for the Nexxus Petro Industries IPO?The Nexxus Petro Industries IPO will open for bidding on 26 Sep 2024 and close on 30 Sep 2024.
- What is the allotment date for the Nexxus Petro Industries IPO?The allotment date for the Nexxus Petro Industries IPO is 01 Oct 2024.
- What is the listing date for the Nexxus Petro Industries IPO?The listing date for the Nexxus Petro Industries IPO is 04 Oct 2024.
- What is the Nexxus Petro Industries IPO grey market premium?The grey market premium (GMP) for the Nexxus Petro Industries IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.