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.
