Positron Energy IPO is a book built issue of Rs 51.21 crores. The issue comprises of fresh issue of 20.48 lakh shares and offer for sale worth Rs 0.00 crore.
Positron Energy IPO opens for subscription on August 12, 2024 and closes on August 14, 2024. The allotment for the Positron Energy IPO is expected to be finalized on Friday, August 16, 2024. Positron Energy IPO will list on NSE SME with tentative listing date fixed as Tuesday, August 20, 2024.
Positron Energy IPO price band is set at ₹238 to ₹250 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹300,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Positron Energy IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Positron Energy IPO is Spread X Securities.
Refer to Positron Energy IPO RHP for detailed information.
Positron Energy IPO Details
| IPO Date | August 12, 2024 to August 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding pre issue | 5,552,000 |
| Share holding post issue | 7,600,400 |
| Market Maker portion | 102,600 shares Spread X Securities |
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 more than 15% of the Net Issue |
Positron Energy IPO Anchor Investors Details
Positron Energy IPO raises Rs 14.58 crore from anchor investors. Positron Energy IPO Anchor bid date is August 9, 2024. Positron Energy IPO Anchor Investors list
| Bid Date | August 9, 2024 |
| Shares Offered | 583,200 |
| Anchor Portion Size (In Cr.) | 14.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 14, 2024 |
Positron Energy IPO Timeline (Tentative Schedule)
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 |
| 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 |
Positron Energy IPO Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹150,000 |
| Retail (Max) | 1 | 600 | ₹150,000 |
| HNI (Min) | 2 | 1,200 | ₹300,000 |
| Lot Size Calculator | |||
Positron Energy IPO Promoter Holding
The promoters of the company are Mr. Rajiv Shankarankutty Menon, Mr. Manav Bahri and Mr. Sujit K Sugathan.
| Share Holding Pre Issue | 98.56% |
| Share Holding Post Issue | 72.00% |
Incorporated in 2008, Positron Energy Limited provides management and technical advisory for the oil and gas industry in India. They offer end-to-end gas distribution solutions, including management consultancy, project management, and operation and management services. The company has developed a gas aggregation business focusing on natural gas and utilizes common carrier pipeline networks in the Indian market.
The company is certified according to ISO 9001:2015 and ISO 45001:2018 standards. This certification ensures the quality of consultancy and O&M services provided to the oil and gas sector.
The company serves major oil and gas sector players, including both public sector companies and private firms.
The services of the company include the following
- Project Management Consultation (PMC),
- Operations and Maintenance of CGD (City Gas Distribution) Network,
- Operations and Maintenance of CNG and Small-scale LNG,
- Execution Projects for CGD Infrastructure etc.
The company has a total workforce of 140 employees at various project sites across India.
Positron Energy Limited Financial Information (Restated Consolidated)
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 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
The market capitalization of Positron Energy IPO is Rs 190.01 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 0.85% |
| ROCE | 0.62% |
| Debt/Equity | 0.69 |
| RoNW | 59.01% |
| P/BV | 9.32 |
| PAT Margin (%) | 6.52 |
Check Positron Energy IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 15.83 | 11.56 |
| P/E (x) | 15.79 | 21.62 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Positron Energy IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purposes
Positron Energy IPO Review (Apply)
[Dilip Davda] Considering the growth trajectory in the oil and gas segment, niche place created by this company with virtual monopoly and the improved financial performance year-o-year makes it a worthy bet. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long term. Read detail review…
Positron Energy IPO Prospectus
Positron Energy Limited Contact Details
Positron Energy Limited
Office No. 3, IT Tower-2,
Ground Floor Infocity, Sector-7,
Gandhinagar-382007
Phone: +91 63537 65381
Email: secretarial@positron-india.com
Website: https://positron-india.com/
Positron Energy IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: positronenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html