Nexxus Petro Industries IPO share allotment expected on October 1: Steps to check status online

The allotment of shares in the initial public offering (IPO) of Nexxus Petro Industries Limited is expected to be finalised today, October 1. The BSE SME issue saw a decent response during the bidding window from September 26 to September 30. The Nexxus Petro Industries IPO was booked over 8 times, with bids for more than 1.49 crore shares against 17.56 lakh shares on offer.

Non-Institutional Investors (NIIs) led the demand with bids for 74.77 lakh shares of the company against the 8.78 lakh shares set aside for them. The issue was booked 8.51 times in the NII segment.

Retail investors placed bids for 74.43 lakh shares against the 8.78 lakh shares reserved for them, booking their quota by 8.47 times.

Following the bidding, investors will be looking to check their allotment status. Investors can check the allotment status online via the official website of the issue’s registrar Kfin Technologies Limited and BSE.

How to check Nexxus Petro Industries IPO share allotment status on the BSE website

• Open the official BSE website https://www.bseindia.com
• Go to the Application Status page at (https://www.bseindia.com/investors/appli_check.aspx)
• Select Equity
• Select Nexxus Petro Industries Limited
• Enter your IPO application number or PAN details
• Verify Captcha
• Click on the Submit button to check the details of the allotment status

How to check Nexxus Petro Industries IPO share allotment status on the registrar’s website

• Go to the IPO allotment page of the registrar Kfin Technologies Limited at https://ris.kfintech.com/ipostatus/
• Choose from any of the five links available
• Under the IPO name, choose Nexxus Petro Industries Limited
• Enter your Application Number, Demat account number or PAN
• Enter your details as per your selection
• Clear Captcha
• Click on the Submit button to view the allotment status

Nexxus Petro Industries IPO details

The IPO was a fixed price issue of ₹19.43 crore, consisting of an entirely fresh issue of 18.5 lakh shares.

The IPO price band was fixed at ₹105 per share. The minimum lot size of the offer was 1,200 shares, which means that a retail investor had to invest a minimum of ₹1,26,000 to apply for the IPO.

The company appointed Srujan Alpha Capital Advisors Llp as the book-running lead manager for the issue. Gretex Share Broking was the market maker for the company's IPO.

The shares of the company are expected to list on BSE SME on October 4.

Nexxus Petro Industries IPO objectives

Nexxus Petro Industries Limited plans to use the funds raised via the initial share sale to meet its working capital requirements and for general corporate purposes.

About Nexxus Petro Industries Limited

Incorporated in 2021, Nexxus Petro Industries Limited trades, manufactures and sells a variety of bitumen products, a liquid derived from petroleum. It caters to companies related to road construction.

The company has three manufacturing units located in Gujarat, Rajasthan and Madhya Pradesh.