Mon Sep 30 19:46:54 UTC 2024: ## Nexxus Petro to Launch ₹19.43 Crore IPO on September 26th

Ahmedabad-based Nexxus Petro Industries Limited, a company specializing in trading, manufacturing, and selling bitumen products, will be launching its Initial Public Offering (IPO) on September 26th. The SME IPO aims to raise ₹19.43 crores, with the IPO price band fixed at ₹105 per share, and a market lot of 1,200 shares.

Established in 2021 as a private limited company, Nexxus Petro was converted to a public limited company in July 2023. The company’s bitumen products find widespread use in the infrastructure and road construction sectors. Their product range includes various grades of bitumen categorized based on viscosity and specific properties.

Nexxus Petro’s strategic location of processing units at Mundra, Gujarat; Pali, Rajasthan; and Bhopal, Madhya Pradesh is expected to contribute to its future success.

Investors interested in the IPO can explore detailed analysis and upcoming IPO details on IPO Watch, a platform dedicated to providing comprehensive IPO information. For the latest IPO updates, investors can subscribe to IPO Watch’s YouTube channel and follow them on Twitter, Facebook, and Instagram.

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