Business Standard

Nexxus Petro Industries Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

19.43 cr

Price Range (₹)

105

Lot Size

1200

Min Investment (₹)

1,26,000.00

Listing Exchange

BSE - SME

Open Date

26-Sept-2024

Close Date

30-Sept-2024

Listing Date

04-Oct-2024

Nexxus Petro Industries Ltd News

    The Shares of Nexxus Petro Industries Ltd have now been listed.

    Nexxus Petro Industries Ltd IPO Details

    Initial public offering of upto 18,50,400 equity shares of face value of Rs. 10/- each Equity Shares of Nexxus Petro Industries Limited Nexxus or <The Company or <the Issuer) for cash at a price of Rs. 105 per equity share (including a premium of Rs. 95 per equity share) issue price aggregating to Rs. 19.43 crores the Issue of which 93,600 equity shares aggregating to Rs. 0.98 crores will be reserved for subscription by market maker market maker reservation portion. The issue less the market maker reservation portion i.e. net issue of 17,56,800 equity shares of face value of Rs. 10/- each at an issue price of Rs. 105 per equity share aggregating to Rs. 18.45 crores Net Issue. The issue and the net issue will constitute 26.62% and 25.28% of the post issue paidup equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is 10.5 times of the face value.

    Objective of issue

    Funding the working capital requirements of the company. General corporate purposes.

    Nexxus Petro Industries Ltd Contact Details

    Nexxus Petro Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - info@nexxusgroup.co.in

    Website - www.nexxusgroup.co.in