About the Company:
Nexxus Petro Industries Ltd is engaged in trading, manufacturing and selling of Petrochem products namely Bitumen products.
Company’s product is widely used in infrastructure sector being road construction industry. Our range of products includes various grades of Bitumen which are classified on the base of viscosity and related properties of each grades.
Presently, company procure bitumen via imports from Dubai as well as purchase from other domestic importers/sellers in India.
Company further process the bitumen procured at our processing units located at Mundra, Gujarat; Pali, Rajasthan; Bhopal, Madhya Pradesh. Apart from sale of processed bitumen, we also trade in bitumen by directly selling it to customers as per the requirement.
Company’s products are supplied to our customers as per the quantity ordered. Over the years we have developed expertise and upgraded our processing unit by adding required machineries and equipment, which has helped us to boost our production capacity, grades and the quality of our products.
Over the last years, Company has been able to add customers, due to good will and good approach towards clients.
Uses of Bitumen:
Bitumen, is a sticky, black, and highly viscous liquid or semi-solid form of petroleum, has various applications across following industries:
- Road Construction: Bitumen is widely used in road construction as asphalt. It binds the aggregate together, forming asphalt concrete. This durable and flexible material is used for surfacing roads, highways, airport runways, and parking lots.
- Waterproofing: Bitumen’s waterproofing properties make it ideal for sealing and protecting surfaces against moisture. It’s used in roofing materials, damp-proofing basements, and lining water tanks.
- Adhesives: Bitumen is an essential component in manufacturing adhesives and sealants. It’s used in products like roofing adhesives, carpet tiles, and flooring adhesives.
- Insulation: In some instances, bitumen is used as insulation material, especially in the roofing industry. It helps insulate buildings and maintain consistent temperatures indoors.
- Paving: Beyond roads, bitumen is also used for paving pathways, biking trails, and playgrounds due to its durability and weather-resistant properties.
Company’s Manufacturing Locations:
Factories situated at Kutch district in Gujarat, Pali District in Rajasthan and Bhopal District in Madhya Pradesh are well equipped with machines and processes. With diversified locations we will get advantages in terms of economies of scale and proximity to customers.
Company’s Capacity and Capacity Utilization:
Company Plans to Expand the clientele Network by Geographic expansion.
The major customers of our Company are present in the states of Gujarat, Chhattisgarh, Delhi, Uttar Pradesh, Maharashtra etc. We believe that our growth in other states in the country can fetch us new business expansion and opportunities.
Going forward company intends to establish our presence in few other locations in the country. Our emphasis is on scaling of our operations in other markets shall provide us with attractive opportunities to grow our client base and revenues.
Management Team:
- Mr. Haresh Mohanlal Senghani (Designation: Chairman and Managing Director)
- Mr. Rahul Mohanlal Senghani (Designation: Whole Time Director)
Objectives of the Issue:
Fresh Issue: (Rs.19.42 cr)
- Funding the working capital requirements of our Company.
- General corporate purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Funding the working capital requirements of our Company | 16.0 cr |
| General corporate purposes | 1.48 cr |
Financials of the Company:
| (in Crores) | FY 22 | FY 23 | FY 24 |
|---|---|---|---|
| Revenue | 48.47 | 142.83 | 238.37 |
| Net Profit | 0.54 | 2.0 | 3.48 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Nexxus Petro Industries Ltd | 10 | 8.99 | 11.67 | 40.36% | 19.93 |
| Agarwal Industrial Corporation Ltd | 10 | 32.70 | 28.29 | 16.58% | 19.90 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 26th September 2024 |
| Issue Closes on | 30th September 2024 |
| Issue Price | Rs.105 |
| Face Value | Rs.10 |
| Minimum Lot | 1200 Shares |
| Minimum Investment | Rs.1,26,000 |
| Issue Constitutes | 26.62 % |
| Issue Size | Rs.19.42 cr |
| Market Cap | Rs.72.97 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 18,50,400 (Rs.19.42 cr) |
| Equity Shares Prior to the Issue | 51,00,000 |
| Equity Shares after the Issue | 69,50,400 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt Equity Ratio (D/E) |
|---|---|---|---|---|
| 8.99 | 11.67 | 40.36% | 16.93 | 2.50 |
Also Read: Complete List of NSE/BSE Holidays List>>
Important Dates:
| Finalization of Basis of Allotment | on or Before 1st October 2024 |
| Initiation of Refunds | on or Before 3rd October 2024 |
| Credit of Equity Shares: | on or Before 3rd October 2024 |
| Listing Date: | on or Before 4th October 2024 |
| Company Contact Info: |
|---|
| Nexxus Petro Industries Ltd B-811 Swati Trinity, Applewood Township Sanathal Sanand, Sarkhej, Ahmedabad, Dascroi, Gujarat, India, 382210 Tel. No.: +91 2717 454317 E-mail: cs@nexxusgroup.co.in Website: www.nexxusgroup.co.in |
| Registrar to the Issue: |
|---|
| KFIN TECHNOLOGIES LIMITED Selenium Tower – B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana, India. Tel: +91 40 67162222 E-mail: npil.ipo@kfintech.com Website: www.kfintech.com |
| Check IPO Allotment Status: |
|---|
KfinTech Website (Click on the below Link)http://kfintech/IPO/Allotment_Status |
