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 current subscription status of Nexxus Petro Industries Limited IPO?

Nexxus Petro Industries Limited IPO has received a total subscription of 8.50 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

8.50x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

8.51x

High Net-Worth

Retail (RII)

8.48x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 8.50x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	878,400	7,477,200	8.51x
RETAIL	878,400	7,449,600	8.48x
Total	1,756,800	14,926,800	8.50x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 8.48x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	540	4,579	8.48x
HNIs (10L +)	3	26	8.51x
HNIs (2-10L)	17	145	8.51x
Total Applications	560	4,750	8.48x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Nexxus Petro Industries Limited Public Issue & Market Profile

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.

Bidding & Quota Instructions:

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 Schedule:

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.

Frequently Asked Questions

What is Nexxus Petro Industries Limited IPO GMP today?

Currently, Nexxus Petro Industries Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹105 to ₹105 per equity share.

What is the expected profit per lot for Nexxus Petro Industries Limited IPO?

The retail lot size is 1200 shares requiring a minimum application amount of ₹1,26,000. Expected listing price is ₹105 per equity share.

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

The Nexxus Petro Industries Limited IPO aggregate issue size is ₹19.43 Crores with an equity price band set at ₹105 to ₹105 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,26,000.

How can I check Nexxus Petro Industries Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 8.50x (Retail: 8.48x, QIB: 0.00x, NII: 8.51x). You can track live multiples directly on our dedicated subscription page.

Where and when will Nexxus Petro Industries Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2024-10-01. Investors can verify status using PAN card or application number.

When is the listing date for Nexxus Petro Industries Limited IPO?

Nexxus Petro Industries Limited shares are scheduled to list on BSE on 2024-10-04.