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.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About Nexxus Petro Industries Limited

Nexxus Petro Industries is engaged in trading, manufacturing and selling of Petrochem products namely Bitumen products. Their product is widely used in infrastructure sector being road construction industry. Their range of products includes various grades of Bitumen which are classified on the base of viscosity and related properties of each grades. Presently, they procure bitumen via imports from Dubai as well as purchase from other domestic importers/sellers in India. They further process the bitumen procured at their processing units located at Gujarat; Rajasthan; Madhya Pradesh. 

NEXXUS GROUP also has a strong commitment to quality and safety and Environment. All of its products are manufactured in accordance with the highest standards and are backed by a comprehensive quality assurance program. NEXXUS GROUP is a valuable partner to its customers and plays an important role in the development of (Bharat) India’s infrastructure.

BITUMEN INDUSTRY
Bitumen is a black to dark brown sticky material, composed principally of high molecular weight hydrocarbons. It is a semi-solid hydrocarbon product of crude oil distillation, which is produced by removing the lighter fractions (such as liquid petroleum gas, petrol, and diesel) from heavy crude oil during the refining process. The physical properties of bitumen include adhesion, resistance to water, hardness and higher softening point. 

Bitumen refers to a substance produced through the distillation of crude oil. Bitumen is known for its waterproofing and adhesive properties and is commonly finds its application in the construction industry. Bitumen is most essential property while constructing road and bridges. It is primarily used for road construction, roofing, waterproofing, in railways, industrial flooring, adhesives and soundproofing. 

Characteristics of Bitumen include viscosity, water resistance, durability, adhesiveness. Bitumen has ductility and viscoelastic properties, owing to which when bitumen is deformed by traffic load, it can return to its original shape without damage or cracks. Bitumen is a durable material that can withstand a variety of environmental conditions.

Features: 
i. Durability 
ii. Adhesiveness 
iii. Water Resistant

Most of the bitumen consumed is processed into asphalt for road construction. Asphalt is a mixture of rock aggregates and bitumen. Bitumen serves as a binding agent and is responsible for the stability of asphalt. Depending on the type of bitumen or composition of the mixture used, asphalt roads can be made suitable for regions with different climatic conditions or various levels of operational demands. Asphalt is also used for airport runways, parking decks, and working areas in ports.

Based on product, the bitumen will hold the largest market share of close to 60% in terms of value in 2027. Around 85% of all the bitumen manufactured is used as binder in asphalt concrete for roads, car parks, airport runways, and footways due to the studiness and ability to be repaired quickly. 

With rising number of automobile vehicles in the world, mostly in the developing economies of Latin America and Asia Pacific, the demand for road construction will witness a significant rise in the upcoming years. Global vehicle sales reached 77.62 million units in 2020 and is expected to reach 125.43 million units by end of the forecast period, thus generating a need for broader and superior quality roads. Easy availability and low cost of paving grade bitumen will enhance the bitumen market value in road construction activities around the world. Owing to its versatile applications, the demand for paving based bitumen is expected to grow with a 4.2% CAGR over the forecast period. 

The global bitumen market is projected to grow from USD 51.69 billion in 2021 to USD 67.14 billion in 2028 at a CAGR of 3.8% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with witnessing a negative impact on demand across all regions amid the pandemic. The global market exhibited a lower growth of 2.91% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributable to this market9s demand and growth, returning to pre-pandemic is over. The global market is projected to grow significantly, owing to the rapid growth in demand from the construction sector.

Based on application, the global bitumen market is categorized into roadways, waterproofing, adhesives, insulation and others. The roadways application segment accounted for the highest share in 2020 and generated revenue of over USD 41.69 billion in the same year. Road construction has the most extensive use of bitumen where it is used as a binder to process asphalt concrete. This segment includes the application of bitumen in the repair works and new construction of roads and pavements including airport runways, motorways, flyovers and platforms. 

Increasing automotive traffic throughout the world driven by the increasing Purchasing Power Parity (PPP) in the emerging economies will result in the demand for a more extensive road and highway network with multiple lanes to accommodate all cars during peak hours. Moreover, rapid urbanization and moderation will also increase the connectivity of rural and urban areas, thus boosting the demand for road development activities. 

Paving-grade bitumen has garnered more than two-thirds of the market share in 2022 and is projected to grow at a CAGR of 3.3% during the forecasted period. Rapid urbanization and population growth, particularly in emerging economies, have led to a significant increase in infrastructure development. Governments are investing in the construction and expansion of roads, highways, airports, and other transportation networks to meet the growing demand for efficient transportation. Paving grade bitumen is a crucial component in road construction, and the surge in infrastructure projects has resulted in increased demand for bitumen. 

Paving-grade bitumen has garnered more than two-thirds of the market share in 2022 and is projected to grow at a CAGR of 3.3% during the forecasted period. Rapid urbanization and population growth, particularly in emerging economies, have led to a significant increase in infrastructure development. Governments are investing in the construction and expansion of roads, highways, airports, and other transportation networks to meet the growing demand for efficient transportation. Paving grade bitumen is a crucial component in road construction, and the surge in infrastructure projects has resulted in increased demand for bitumen.

The road construction segment has garnered more than three-fourths of the market share and is projected to grow at a CAGR of 3.7% during the forecasted period. Many emerging economies, particularly in Asia and Africa, have seen a surge in road construction projects in the past couple of decades. Nations like China and India have massively invested in improving their infrastructure to support their burgeoning populations and growing economies. International institutions like the World Bank and Asian Development Bank provide significant funding for road construction projects, especially in developing nations. Their investments often aim to facilitate trade, connectivity, and socio-economic development. 

Asia-Pacific has garnered more than two-fifths of the market share and is projected to grow at a CAGR of 3.7% during the forecast period. China continues its rapid urbanization and industrialization processes, there's an ever-increasing need for roads, highways, and modern infrastructure. Bitumen is a primary component of road construction. China's relentless urbanization and infrastructural development have amplified its demand for bitumen. As the world's most populous country and the second-largest economy, China's focus on constructing highways, airports, and urban roads underscores its priority to bolster both intra and inter-city connectivity. Bitumen, with its primary use as a binder in road asphalt, is fundamental to this vision. This increasing demand is also influenced by China's Belt and Road Initiative (BRI), a monumental infrastructural project spanning numerous countries. This initiative, aiming to enhance trade routes and connectivity, involves extensive road and infrastructure development, naturally pushing the bitumen demand even higher. 

Major players operating in the Bitumen market are Hindustan Petroleum Corporation Limited, Royal Dutch Shell, Asphalt & Bitumen West Co ., TotalEnergies, GOIL PLC, Exxon Mobil Corporation., RAHA Bitumen, Inc.

Asia-Pacific will exceed USD 35 Billion in 2027 driven by the growing application of bitumen products in various applications. The road and highway construction industry in APAC countries, such as China, India, and Australia, has been increasing rapidly and is driven by the growing automobile ownership and increasing urbanization in the region. The rise in freight and passenger road transportation in the country, followed by manufacturing activities will further propel road construction and development. Additionally, growing investment industrial sectors have significantly influenced the bitumen revenue in the country.

The demand for road building will significantly increase in the next years due to the increasing number of automobiles in the world, particularly in the expanding economies of Latin America and the Asia Pacific. Only 2.5% of all new automobiles delivered in 2019 were electric vehicles, or 2.2 million units. 

Although the global auto market shrank in 2020, sales of electric vehicles defied the trend, increasing to 3 million units and accounting for 4.1 percent of all vehicle sales. Sales of electric vehicles increased by twice to 6.6 million in 2021, accounting for nearly 9% of the global auto market. Electric vehicles accounted for the whole net increase in worldwide auto sales in 2021. 

To improve wayside accommodations on national highways, the administration announced its intention in October 2021 to install charging stations once each 40 to 60 kilometers. According to this, 700 e-vehicle charging points are expected to be implemented by 2023, covering 35,000 to 40,000 km of major highways. 

Hence, the rising sale of electric cars, along with the rising development of charging stations for vehicles, has led to an increase in the demand for the market to rapid growth in the construction of roads.

Indian Bitumen Market
The India bitumen market was valued at $2.8 billion in 2018, and is projected to reach $3.6 billion by 2026, growing at a CAGR of 2.8% from 2019 to 2026. 

The Indian bitumen market size is segmented on the basis of type, end-use industry, and region. Depending on type, the market is classified into paving grade bitumen, oxidized bitumen, polymer modified bitumen, and bitumen emulsions. By end-use industry, it is classified into road construction, waterproofing, and others. Region wise, it is analyzed across North India, East India, Northeast India, South India, and West India. 

The growth of Indian bitumen market is majorly driven by increase in road and building construction activities. Construction of various national highways, expressways, and airport runways boosts the demand for bitumen across the country. Bitumen is processed into asphalt for road construction. In addition, rise in investments by the government for the development of national highways and expressways, which include projects relating two-laning of highways, the National Highways Development Project, six-laning of crowded stretches of the Golden Quadrilateral, special program for the development of road connectivity in affected areas, development of Vijayawada-Ranchi road, and for providing last mile connectivity, is anticipated to drive the growth of the market. Furthermore, bitumen is widely used in the construction industry for roofs, owing to its physical properties such as adhesion, resistance to water, hardness, ductility, and higher softening point. Therefore, growth in the construction industry due to growth in population across the cities and demand for new houses led to increase in demand for bitumen across the country. 

The major key players operating in the Indian bitumen market include Agarwal Industries Corporation Ltd, Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Ltd., Oil & Natural Gas Corporation Ltd., Total India, Tiki Tar Industries India Ltd, Juno Bitumix Pvt Ltd., Universal Bituminous Industries Pvt. Ltd., and Swastik Tar Industries. Other players operating in this market include Hincol, Jalnidhi Bitumen Specialities Pvt. Ltd., OOMS Polymer Modified Bitumen Pvt Ltd., Sapco, and UFTI.

North India accounted for the major India bitumen market share in 2018, owing to major road network development initiatives undertaken by the Government of India (GoI) in the North India Region, which include national highways projects in Uttar Pradesh and Punjab. In addition, maintenance and repair of rural roads constructed under Pradhan Mantri Gram Sadak Yojana (PMGSY) in Haryana, Rajasthan, Uttarakhand, and Himachal Pradesh is anticipated to increase the demand for bitumen across these states; thereby, driving the growth of the bitumen market across North India

NEXXUS PETRO INDUSTRIES LIMITED COMPETITIVE STRENGTHS
1. Management Experience
2. Existing relationship with suppliers
3. Location of the manufacturing and processing unit, in-house testing facility with equipped machines and processes
4. Scalable Business Model

NEXXUS PETRO INDUSTRIES LIMITED STRATEGIES
1. Expanding their clientele Network by Geographic expansion
2. Maintaining and enhancing relationship with customers and suppliers
3. Focus on quality parameters for their products

NEXXUS PETRO INDUSTRIES LIMITED RISK FACTORS & CONCERNS
1. The main product Bitumen is a petrochemical product and considered hazardous in nature.
2. The bitumen business is subject to seasonal and other fluctuations that may affect the cash flows and business operations.
3. They operate in an unorganized industry and face significant competition.