Nexxus Petro Industries IPO

Incorporated in October 2021, Nexxus Petro Industries Limited is involved in the trading, manufacturing, and sale of petrochemical products, particularly bitumen products. The company produces and distributes high-quality bitumen, bitumen emulsions, and special bituminous allied products to infrastructure/construction companies, government agencies, road authorities, and the bitumen industry. The company is BIS and ISO certified for its products and processes. It has upgraded its processing unit, boosting production capacity and product quality. This has led to an increase in customers due to its positive approach towards clients. The company has three manufacturing units each in Gujarat, Rajasthan and Madhya Pradesh.  As of September 2024, the company has 17 permanent employees.  Competitive Strengths Experienced Management Team to look after day to day operations. Strong Supplier relationship for business growth Factories in Kutch, Gujarat, Pali, Rajasthan, and Bhopal, Madhya Pradesh, are well-equipped with modern machines and advanced processes.

The Company proposes to utilise the Net Proceeds towards funding the following objects Funding the working capital requirements of the Company; and General corporate purposes.

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