Positron Energy Limited IPO

NiftyTrader • August 9, 2024

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Positron Energy Limited IPO opens on August 12, 2024, and closes on August 14, 2024. The allotment for the Positron Energy Limited IPO is anticipated to be completed on Friday, August 16, 2024. The IPO will be listed on the SME and NSE, with a tentative date set for Tuesday, August 20,2024.

The Positron Energy Limited IPO’s price band is Rs 238 to Rs 250 per share. The IPO is a book-built issue of Rs 51.21 crores, entirely a fresh issue of 20.48 lakh shares.

Positron Energy IPO Details

IPO Date	August 12, 2024 to August 14, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹238 to ₹250 per share
Lot Size	600 Shares
Total Issue Size	2,048,400 shares (aggregating up to ₹51.21 Cr)
Fresh Issue	2,048,400 shares (aggregating up to ₹51.21 Cr)
Offer for sale	[.] shares of ₹10 (aggregating up to ₹0.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	5,552,000
Shareholding post-issue	7,600,400
Market Marker portion	102,600 shares

Positron Energy IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	600	₹150,000
Retail (Max)	1	600	₹150,000
HNI (Min)	2	1200	₹300,000

Positron Energy IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

To Meet Working Capital Required.
General Corporate Purpose.

About Positron Energy Limited

Incorporated in 2008, Positron Energy Limited provides specialized management and technical advisory services to India’s oil and gas industry. The company delivers end-to-end gas distribution solutions, including management consultancy, project management, and operation and maintenance (O&M) services. Positron Energy has developed a gas aggregation business focusing on natural gas and utilizing common carrier pipeline networks across the Indian market. The company is certified under ISO 9001:2015 and ISO 45001:2018 standards, ensuring the high quality of its consultancy and O&M services, which are provided to both public sector companies and private firms within the oil and gas sector.

Positron Energy’s service offerings include project management consultation (PMC), operations and maintenance of city gas distribution (CGD) networks, operations and maintenance of CNG and small-scale LNG systems, and the execution of projects related to CGD infrastructure. With a total workforce of 140 employees deployed at various project sites across India, the company is well-positioned to support the operational needs of major players in the industry.

Positron Energy Limited Financial Information

Positron Energy Limited’s revenue increased by 160.29% and profit after tax (PAT) rose by 312.96% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,789.02	2,476.25	938.90
Revenue	13,541.76	5,202.61	896.85
Profit After Tax	878.78	212.80	57.98
Net Worth	1,489.26	566.87	354.45
Reserves and Surplus	934.06	532.17	319.75
Total Borrowing	1,027.90	741.81	368.33

Positron Energy IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.00% of the Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Offer

Positron Energy IPO Timeline

Positron Energy IPO opens on August 12, 2024, and closes on August 14, 2024.

IPO Open Date	Monday, August 12, 2024
IPO Close Date	Wednesday, August 14, 2024
Basis of Allotment	Friday, August 16, 2024
Initiation of Refunds	Monday, August 19, 2024
A credit of Shares to Demat	Monday, August 19, 2024
Listing Date	Tuesday, August 20, 2024
Cut-off time for UPI mandate confirmation	5 PM on August 14, 2024

Conclusion

The Positron Energy Limited IPO offers a strong investment opportunity in the specialized oil and gas management sector, with a price band of Rs 238 to Rs 250 per share. The IPO aims to raise Rs 51.21 crores through a fresh issue, with funds allocated for working capital needs and general corporate purposes. Positron Energy’s impressive growth in revenue and profitability, coupled with its comprehensive service offerings and ISO certifications, positions the company as a key player in India’s energy sector. Investors looking to capitalize on the expanding oil and gas industry might find this IPO particularly appealing.