Nexxus Petro Industries Ltd. has announced public offering of 1850400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 95.00 per share. The gross proceeds of the issue are expected to be Rs 1,942.92 lakhs.

The company's initial public offer (IPO) will open on 26 September 2024 and is expected to close on 30 September 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 1850400 Equity Shares of the Company at an price of Rs 105.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Nexxus Petro Industries Ltd. anticipates using the proceeds of the issue for .

Srujan Alpha Capital Advisors LLP as lead manager & KFin Technologies Ltd. is the registrar, to the issue.