
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
Close
30 Sep 2024
Allotment
1 Oct 2024
Refund
2 Oct 2024
Demat Credit
3 Oct 2024
Listing
4 Oct 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹105
Band: ₹105
Estimated Listing Price
₹105
Upper price + GMP
Lot Size
1200 shares
Min investment ₹1,26,000
Estimated Profit / Lot
₹0
1200 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹105 |
| 30 Oct 2026 | — | 0.0% | ₹105 |
| 29 Oct 2026 | — | 0.0% | ₹105 |
GMP is unofficial market data. Not a guarantee of listing performance.
Nexxus Petro Industries Limited is bringing an initial public offering (IPO) in the Chemicals & Petrochemicals sector with an aggregate issue size of ₹19.43 Crores. The shares are offered at a price band of ₹105 to ₹105 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,26,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-10-03, while un-allotted funds or UPI block mandates will be released on 2024-10-02.
The latest grey market premium for Nexxus Petro Industries Limited IPO is ₹0, which indicates an expected listing price of ₹105.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.