
Chemicals & Specialty Materials · NSE
Incorporated in October 2021, Nexxus Petro Industries Limited is engaged in the trading, manufacturing, and sale of petrochemical products, primarily bitumen and bitumen emulsions used in infrastructure and road construction projects. The company serves government departments and road authorities, and holds BIS and ISO certifications, reflecting its focus on quality and compliance. With three manufacturing units in Kutch (Gujarat), Pali (Rajasthan), and Bhopal (Madhya Pradesh), recent capacity upgrades have improved efficiency and product consistency, leading to stronger customer satisfaction. As of September 2024, Nexxus Petro operates with a lean team of 17 permanent employees.
Price Band
₹82 – ₹87
Issue Size
₹31.32 Cr
Lot Size
1600 shares
GMP
+4.6%
Est. Listing
₹91
at current GMP
Subscribed
37.55x
overall
Open
25 Sep 2024
Close
27 Sep 2024
Allotment
30 Sep 2024
Refund
1 Oct 2024
Demat Credit
2 Oct 2024
Listing
3 Oct 2024
Designated Registrar: Link Intime India Private Limited
Allotment Date
30 Sep 2024
Basis finalization
Refunds Initiate
1 Oct 2024
Mandate release
Demat Credit
2 Oct 2024
Shares in demat
Listing Debut
3 Oct 2024
Trading begins
Unilex Colours and Chemicals Limited is bringing an initial public offering (IPO) in the Chemicals & Specialty Materials sector with an aggregate issue size of ₹31.32 Crores. The shares are offered at a price band of ₹82 to ₹87 per equity share on NSE. 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 1600 shares (approx. ₹1,39,200 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 Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-10-02, while un-allotted funds or UPI block mandates will be released on 2024-10-01.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.