Positron Energy IPO will open for subscription from 12 August 2024. The company aims for an issue size of ₹51.21 Cr through this IPO.
Company Overview
| Full name | Positron Energy Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://positron-india.com/ |
About Company
Positron Energy provides technical advisory services and management support to the oil and gas industry. The company offers all-inclusive gas distribution solutions to Indian industries. The company offers technical services, such as project management and O&M (operation and management) services, as well as management consultancy services, including financial and commercial advice, to the Indian gas industry. With a focus on natural gas, Positron Energy has effectively built a gas aggregation business volume of 35 MMSCM.
The company’s current portfolio includes a substantial daily volume of 4000-5000 MMBTU of gas from various sources. The company has entered into a collaboration agreement with ICOM North America LLC (New Hudson, MI) for the installation of ICOM Dual Fuel LNG conversion systems in on-road trucks weighing over 3.5 tons in India. Currently, the company has a total workforce of 140 employees at various project sites across India.
The Objectives of the Issue
- To Meet Working Capital Requirements
- General Corporate Purposes
Positron Energy IPO Timetable
| IPO Opening date | 12 August 2024 |
| IPO Closing | 14 August 2024 |
| Basis of Allotment | 16 August 2024 |
| Initiation Refund | 19 August 2024 |
| Credit to Demat Account | 19 August 2024 |
| Listing Date | 20 August 2024 |
Positron Energy IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹51.21 Cr – 2,048,400 shares |
| Fresh Issue | ₹51.21 Cr – 2,048,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹238 to ₹250 per share |
| Lot size | 600 Shares |
| Market Maker portion | 102,600 shares |
| Shareholding pre-issue | 5,552,000 |
| Shareholding post-issue | 7,600,400 |
| Listing Exchange | NSE SME |
Positron Energy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹150,000 |
| Retail (Max) | 1 | 600 | ₹150,000 |
| HNI (Min) | 2 | 1,200 | ₹300,000 |
Positron Energy Offer Documents
Positron Energy IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 583,200 (28.47%) |
| Market Maker Shares Offered | 102,600 (5.01%) |
| QIB Shares Offered | 388,800 (18.98%) |
| NII (HNI) Shares Offered | 292,200 (14.26%) |
| Retail Shares Offered | 681,600 (33.27%) |
| Total Shares Offered | 2,048,400 (100%) |
Positron Energy Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 8.69 | 51.42 | 134.73 |
| Expenses | 8.18 | 49.16 | 123.53 |
| Net income | 0.58 | 2.13 | 8.79 |
Positron Energy Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.04 | 3.83 | 15.83 |
| PE ratio | – | – | 15.03 – 15.79 |
| RONW (%) | 16.36 | 37.54 | 59.01 |
| NAV | 6.38 | 10.21 | 26.82 |
| ROCE (%) | 11.33 | 26.37 | 61.55 |
| EBITDA (%) | 10.24 | 5.83 | 8.94 |
| Debt/Equity | 1.04 | 1.31 | 0.69 |
Company Promoters
- Mr. Rajiv Shankarankutty Menon
- Mr. Manav Bahri
- Mr. Sujit K Sugathan.
Promoter Holding
| Pre Issue Share Holding | 98.56% |
| Post Issue Share Holding | 72.00% |
Positron Energy Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 14 August 2024 | 180 | – | 90,000 |
| 13 August 2024 | 150 | – | 71,000 |
| 12 August 2024 | 135 | – | 63,700 |
| 10 August 2024 | 135 | – | 63,700 |
| 9 August 2024 | 110 | – | 51,000 |
Positron Energy IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 3,88,800 | 2,92,200 | 6,81,600 | 13,62,600 |
| 14 Aug 2024 | 231.41 | 805.67 | 348.35 | 413.05 |
| 13 Aug 2024 | 7.67 | 49.46 | 94.43 | 60.03 |
| 12 Aug 2024 | 4.82 | 14.17 | 29.58 | 19.21 |
Positron Energy IPO Allotment Status
Positron Energy IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Positron Energy IPO Listing Details
| Listing Date | 20 August 2024 |
| BSE Scrip Code | Coming soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Positron Energy IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Positron Energy IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Positron Energy Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: positronenergy.ipo@linkintime.co.in
Website: www.linkintime.co.in
Positron Energy Contact Details
POSITRON ENERGY LIMITED
Office No. 3, IT Tower-2, Ground Floor Infocity,
Sector-7, Gandhinagar, Gujarat-382007
Phone: +91 63537 65381
E-mail: secretarial@positron-india.com
Website: www.positron-india.com
Positron Energy IPO FAQs
What is the Positron Energy offer size?
Positron Energy offer size is ₹ 48.75 – 51.21 crores.
What is the Positron Energy offer price band?
Positron Energy public offer price is ₹ 238 – 250 per share.
What is the lot size of the Positron Energy Offer?
Positron Energy offer a lot size is 600 shares.
What is Positron Energy Offer GMP today?
Positron Energy IPO GMP today is ₹ 180 per share.
What is the Positron Energy kostak rate today?
Positron Energy kostak rate today is ₹ NA per application.
What is Positron Energy Subject to the Sauda rate today?
Positron Energy is Subject to the Sauda rate today is ₹ 90,000 per application.
Final thoughts
Positron Energy IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
