Nexxus Petro Industries Limited IPO GMP

NEXXUS PETRO INDUSTRIES LIMITED is a rapidly growing provider of Bitumen (Asphalt) solutions in (Bharat) India. The company manufactures, supplies, imports, and distributes high quality Bitumen, Bitumen Emulsions, and Special Bituminous Allied Products to infrastructure/construction companies, government, Road Authorities, and the Bitumen Industry in general.

Nexxus, an Book Built Issue amounting to ₹19.42 Crores, consisting entirely an Fresh Issue of 18.50 Lakh Shares. The subscription period for the Nexxus IPO opens on September 26, 2024, and closes on September 30, 2024. The allotment is expected to be finalized on or about Tuesday, October 01, 2024, and the shares will be listed on the BSE SME with a tentative listing date set on or about Friday, October 04, 2024.

The Share price band of Nexxus IPO is set at ₹105 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹1,26,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹2,52,000.

SRUJAN ALPHA CAPITAL ADVISORS LLP is the book-running lead manager, KFIN TECHNOLOGIES LIMITED LIMITED is the registrar for the Issue. Gretex Share Broking Limited will act as the Market Maker for the Nexxus.

Nexxus Petro Industries Limited IPO GMP Today
The Grey Market Premium of Nexxus Petro Industries Limited IPO is expected in the range of ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Nexxus Petro Industries Limited IPO Live Subscription Status Today: Real-Time Updates
As of 05:53 PM on 30 September 2024, the Nexxus Petro Industries Limited IPO live subscription status shows that the IPO subscribed 8.03 times on its Third day of subscription period. Check the Nexxus Petro Industries Solutions Limited IPO Live Subscription Status Today at BSE.

Nexxus Petro Industries Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Nexxus IPO allotment date is 01 October, 2024, Tuesday. Nexxus IPO Allotment will be out on 1st October 2024 and will be live on Registrar Website from the allotment date. Check Nexxus Petro Industries Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Nexxus Petro Industries Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Nexxus Petro Industries Limited IPO
Nexxus Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹1600.00 Lakhs will be used for Funding the working capital requirements of the Company; and 
2. ₹148.63 Lakhs will be used for General corporate purposes.

Refer to Nexxus Petro Industries Limited RHP for more details about the Company.