What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the price band for Nexxus Petro Industries Limited IPO?

The price band for Nexxus Petro Industries Limited IPO is set at ₹105 to ₹105 per equity share with a minimum lot size of 1200 shares.

When does Nexxus Petro Industries Limited IPO open and close?

The Nexxus Petro Industries Limited IPO opens on 2024-09-26 and closes on 2024-09-30. The allotment date is 2024-10-01 and the listing date is 2024-10-04.

What is the current GMP of Nexxus Petro Industries Limited IPO?

The current grey market premium (GMP) for Nexxus Petro Industries Limited IPO is ₹0, implying an estimated listing price of ₹105 (0% gain over the upper price band).

How do I check Nexxus Petro Industries Limited IPO allotment status?

You can check the allotment status on the registrar's official portal (Kfin Technologies Limited) or through the BSE/NSE allotment websites once the basis of allotment is finalized.

Nexxus Petro Industries Limited

ListedSME

Chemicals & Petrochemicals · BSE

Incorporated in October 2021, Nexxus Petro Industries Limited specializes in the trading, manufacturing, and sale of high-quality petrochemical products, mainly bitumen and bitumen emulsions for the infrastructure and construction sector, serving government agencies and road authorities. The company holds BIS and ISO certifications, ensuring strict quality standards in its products and processes, and recent upgrades to its three manufacturing units located in Kutch (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh) have boosted production capacity and enhanced product quality, resulting in better customer satisfaction and a growing client base. With only 17 permanent employees as of September 2024, Nexxus Petro maintains lean operations and focused management.

Price Band

₹105

Issue Size

₹19.43 Cr

Lot Size

1200 shares

GMP

—

Est. Listing

₹105

at current GMP

Subscribed

8.50x

overall

Open

26 Sep 2024

30 Sep 2024

Allotment

1 Oct 2024

Refund

2 Oct 2024

Demat Credit

3 Oct 2024

Listing

4 Oct 2024

Last updated 12 days ago

Overview GMP Subscription Financials IPO Details Company Promoters Objects Peers Documents Allotment FAQs

Key Highlights

•Leading player in the Chemicals & Petrochemicals segment
•Price band established at ₹105 - ₹105 per equity share
•Minimum bid lot is 1200 shares
•Estimated listing target of ₹105 based on current grey market activity