Positron Energy IPO Overview
Positron Energy is launching a book-built IPO valued at ₹51.21 crores. This issue includes a fresh issue of 20.48 lakh shares. The Positron Energy IPO opens for subscription on August 12, 2024, and closes on August 14, 2024. The allotment is expected to be finalized on August 16, 2024, with the listing on the NSE SME scheduled for August 20, 2024.
The IPO price band is set between ₹238 and ₹250 per share. The minimum lot size for an application is 600 shares, requiring a minimum investment of ₹150,000 for retail investors. The minimum investment for high net-worth individuals (HNI) is ₹300,000 for 1,200 shares.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the IPO, while Link Intime India Private Ltd serves as the registrar. Spread X Securities will act as the market maker.
For more detailed information, refer to the Positron Energy IPO RHP.
Positron Energy IPO Important dates
| 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 |
| The 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 |
Key Financial Metrics
Positron Energy Limited experienced significant growth in both revenue and profitability between FY 2023 and FY 2024. The company’s assets, net worth, and reserves also saw substantial increases, reflecting strong financial performance and reduced borrowing.
Revenue: Increased by 160.29% from ₹52.03 crores in FY 2023 to ₹135.42 crores in FY 2024.
Profit After Tax (PAT): Rose by 312.96% from ₹2.13 crores in FY 2023 to ₹8.79 crores in FY 2024.
Key Financial Metrics
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹37.89 | ₹24.76 | ₹9.39 |
| Revenue | ₹135.42 | ₹52.03 | ₹8.97 |
| Profit After Tax | ₹8.79 | ₹2.13 | ₹0.58 |
| Net Worth | ₹14.89 | ₹5.67 | ₹3.54 |
| Reserves and Surplus | ₹9.34 | ₹5.32 | ₹3.20 |
| Total Borrowing | ₹10.28 | ₹7.42 | ₹3.68 |
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 |
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 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 |
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 |
| Shareholding pre-issue | 5,552,000 |
| Shareholding post issue | 7,600,400 |
| Market Maker portion |
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 |
IPO GMP Trend
Positron Energy SME IPO’s latest Grey Market Premium (GMP) stands at ₹200, as of August 14th, 2024, 12:58 PM. With a price band set at ₹250.00, the estimated listing price is expected to be ₹450 (calculated by adding the cap price and today’s GMP). This translates to an anticipated gain of 80.00% per share.
We provide daily GMP updates, and based on the grey market activity over the past seven sessions, today’s trend points towards a strong listing. The GMP has fluctuated between a low of ₹121 and a high of ₹200. Stay connected with us for daily updates on Positron Energy SME IPO GMP and the projected listing price trend.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 14-08-2024 Close | 250.00 | ₹200  |
91200 | ₹450 (80%) | 14-Aug-2024 12:58 |
| 13-08-2024 | 250.00 | ₹200 |
91200 | ₹450 (80%) | 13-Aug-2024 23:25 |
| 12-08-2024 Open | 250.00 | ₹200  |
91200 | ₹450 (80%) | 12-Aug-2024 23:30 |
| 11-08-2024 | 250.00 | ₹150 |
68400 | ₹400 (60%) | 11-Aug-2024 23:29 |
IPO subscription status
Positron Energy IPO subscribed 275.41 times. The public issue subscribed 287.22 times in the retail category, 121.31 times in QIB, and 452.94 times in the NII category by August 14, 2024, 2:53:59 PM.
| Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Anchor Investors | 1 | 5,83,200 | 5,83,200 | 14.58 |
| Market Maker | 1 | 1,02,600 | 1,02,600 | 2.57 |
| Qualified Institutions | 121.31 | 3,88,800 | 4,71,64,200 | 1,179.11 |
| Non-Institutional Buyers*** | 452.94 | 2,92,200 | 13,23,48,000 | 3,308.70 |
| Retail Investors | 287.22 | 6,81,600 | 19,57,67,400 | 4,894.19 |
| Total ** | 275.41 | 13,62,600 | 37,52,79,600 | 9,381.99 |
Total Application: 326,279
Note:
-
*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
-
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
- ***: Market Maker portion is not included to NII/HNI.
IPO Allotment status
Positron Energy IPO allotment is expected on August 16, 2024.
Positron Energy IPO allotment status is not available at this time. Positron Energy IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Positron Energy Limited IPO allotment status.
To check Positron Energy’s IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to positronenergy.ipo@linkintime.co.in.
About Positron Energy Limited
Incorporated in 2008, Positron Energy Limited specializes in management and technical advisory services for the oil and gas industry in India. The company offers comprehensive gas distribution solutions, encompassing management consultancy, project management, and operation and maintenance (O&M) services. Positron Energy has developed a gas aggregation business centred on natural gas, leveraging common carrier pipeline networks in the Indian market.
Positron Energy is certified to ISO 9001:2015 and ISO 45001:2018 standards, which underscores the quality of its consultancy and O&M services in the oil and gas sector.
The company provides services to major players in the oil and gas industry, including both public sector companies and private firms.
Services Offered:
- Project Management Consultation (PMC)
- Operations and Maintenance of City Gas Distribution (CGD) Networks
- Operations and Maintenance of Compressed Natural Gas (CNG) and Small-scale Liquefied Natural Gas (LNG)
- Execution of Projects for CGD Infrastructure
Positron Energy employs a total workforce of 140 employees, stationed at various project sites across India.
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