Nexxus Petro Industries Limited-Logo

Nexxus Petro Industries Limited

NEXXUS

105-105

per share
Bidding Dates
26-30 Sep
Min. Investment
₹1,26,000.00
Lot Size
1200 shares
Issue Size
₹19.43 Cr
IPO Timeline
Bidding starts
26 Sep ‘24
Bidding ends
30 Sep ‘24
Allotment finalisation*
01 Oct ‘24
Refund initiation*
03 Oct ‘24
Demat transfer
03 Oct ‘24
Listing
04 Oct ‘24
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About  Nexxus Petro Industries Limited

Incorporated in October 2021, Nexxus Petro Industries is a leading player in the trading, manufacturing, and selling of petrochemical products, specializing in high-quality bitumen products essential for the infrastructure sector, particularly in road construction. Their diverse range of bitumen grades, classified based on viscosity and related properties, is sourced through imports from Dubai and domestic suppliers in India. With processing units strategically located in Mundra, Gujarat; Pali, Rajasthan; and Bhopal, Madhya Pradesh, they not only supply processed bitumen but also engage in direct trading to meet the specific requirements of their customers. Their commitment to delivering products at competitive prices while adhering to stringent quality standards sets us apart in the industry.

Bitumen, characterized by its sticky, black, and viscous nature, has a wide array of applications that extend beyond road construction. In the road construction industry, it serves as a vital binding agent in asphalt, ensuring durability and flexibility for surfaces such as highways, airport runways, and parking lots. Furthermore, its waterproofing properties make it ideal for roofing materials, damp-proofing basements, and lining water tanks. Additionally, bitumen plays a crucial role in the manufacturing of adhesives, insulation materials, and various coatings, showcasing its versatility across multiple sectors.

At Nexxus Petro Industries, they pride themselves on their expertise and continuous improvement of their processing capabilities. Over the years, they have upgraded their machinery and equipment, resulting in enhanced production capacity and product quality. Their facilities are equipped with modern testing laboratories that ensure all products meet industry standards and specifications. They maintain a strong reputation for reliability and excellence, enabling them to foster long-term relationships with their customers.

Their proactive approach to customer engagement is central to their success. Their dedicated sales team regularly interacts with clients to gather insights and feedback, which inform their product development and innovation efforts. By staying attuned to industry trends, they not only meet the evolving needs of their customers but also contribute to advancements within the road construction sector. As they continue to expand their market presence, Nexxus Petro Industries remains committed to maintaining safety protocols and promoting sustainable practices, ensuring that they deliver superior bitumen solutions to their valued clients.

Nexxus Petro Industries prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives

  1. Funding the working capital requirements of the Company.
  2. General corporate purposes.

 

IPO analysis

Registrar information
Name
Kfin Technologies Limited
Phone number
04067162222, 04079611000
Email ID
npil.ipo@kfintech.com

Interested in investing in an IPO?

Open free Demat + trading account and join our 1 crore+ successful users.
Already have an account with Upstox?
Login