Incorporated in October 2021, Nexxus Petro Industries Limited is involved in the trading, manufacturing, and sale of petrochemical products, particularly bitumen products.
The company produces and distributes high-quality bitumen, bitumen emulsions, and special bituminous allied products to infrastructure/construction companies, government agencies, road authorities, and the bitumen industry.
The company is BIS and ISO certified for its products and processes. It 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.
The company has three manufacturing units each in Gujarat, Rajasthan and Madhya Pradesh.
As of September 2024, the company has 17 permanent employees.
Competitive Strengths
Nexxus Petro Industries Limited’s revenue increased by 67% and profit after tax (PAT) rose by 73% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 3,892.55 | 1,644.96 | 932.77 | |||||||||||||||||||||||||||
| Revenue | 23,837.57 | 14,283.95 | 4,847.02 | |||||||||||||||||||||||||||
| Profit After Tax | 348.47 | 200.87 | 54.06 | |||||||||||||||||||||||||||
| Net Worth | 863.4 | 264.93 | 54.06 | |||||||||||||||||||||||||||
| Reserves and Surplus | 353.4 | 254.93 | 54.06 | |||||||||||||||||||||||||||
| Total Borrowing | 2,161.43 | 835.1 | 369.83 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Nexxus Petro Industries IPO is Rs 72.98 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 61.77% |
| ROCE | 20.81% |
| Debt/Equity | 2.5 |
| RoNW | 40.36% |
| P/BV | 6.2 |
| PAT Margin (%) | 1.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.83 | 5.01 |
| P/E (x) | 15.37 | 20.94 |
The Company proposes to utilise the Net Proceeds towards funding the following objects
| PO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹105 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,850,400 shares (aggregating up to ₹19.43 Cr) |
| Fresh Issue | 1,850,400 shares (aggregating up to ₹19.43 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,100,000 |
| Share holding post issue | 6,950,400 |
| Market Maker portion | 93,600 shares |
The Promoters of the Company are Mr. Haresh Mohanlal Senghani, Mr. Rahul Mohanlal Senghani, Mrs. Hinaben Haresh Senghani and Mrs. Manishaben Rahul Senghani.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
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