Positron Energy Limited IPO 2024!

The Positron Energy IPO is a book-built issue valued at Rs 51.21 crores. It includes a fresh issue of 20.48 lakh shares, with no offer for sale.

The subscription period for the Positron Energy IPO starts on August 12, 2024, and ends on August 14, 2024. The allotment is expected to be finalized on Friday, August 16, 2024. The IPO is set to list on the NSE SME, with the tentative listing date on Tuesday, August 20, 2024.

The price band for the Positron Energy IPO is between ₹238 and ₹250 per share. The minimum application lot size is 600 shares. Retail investors need to invest a minimum of ₹150,000, while high-net-worth individuals (HNIs) must invest in at least 2 lots (1,200 shares), totaling ₹300,000.

  • Book Running Lead Manager – Beeline Capital Advisors Pvt. Ltd.
  • Registrar – Link Intime India Private Ltd.

Below are the details of Positron Energy Limited IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.

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Positron Energy IPO Details

IPO DateAugust 12, 2024 to August 14, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹238 to ₹250 per share
Lot Size600 Shares
Total Issue Size2,048,400 shares
(aggregating up to ₹51.21 Cr)
Fresh Issue2,048,400 shares
(aggregating up to ₹51.21 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹0.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue5,552,000
Share holding post issue7,600,400
Market Maker portion102,600 shares

Positron Energy IPO Timeline

IPO Open DateMonday, August 12, 2024
IPO Close DateWednesday, August 14, 2024
Basis of AllotmentFriday, August 16, 2024
Initiation of RefundsMonday, August 19, 2024
Credit of Shares to DematMonday, August 19, 2024
Listing DateTuesday, August 20, 2024
Cut-off time for UPI mandate confirmation5 PM on August 14, 2024

Positron Energy Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)1600₹150,000
Retail (Max)1600₹150,000
HNI (Min)21,200₹300,000

Positron Energy Limited IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Net Issue

Positron Energy IPO Promoters

The promoters of the company are Mr. Rajiv Shankarankutty Menon, Mr. Manav Bahri and Mr. Sujit K Sugathan.

Positron Energy IPO Financial Information

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,231.852,476.25938.90612.30
Revenue8,061.335,202.61896.85353.51
Profit After Tax533.63212.8057.9822.84
Net Worth1,109.82566.87354.45329.03
Reserves and Surplus1,075.12532.17319.75294.33
Total Borrowing762.33741.81368.33119.81
Amount in ₹ Lakhs

Positron Energy Limited IPO Review

Established in 2008, Positron Energy Limited offers management and technical advisory services to the oil and gas industry in India. They provide comprehensive gas distribution solutions, including management consultancy, project management, and operation and management services. The company has also developed a gas aggregation business focusing on natural gas, utilizing common carrier pipeline networks within the Indian market.

Positron Energy Limited is certified under ISO 9001:2015 and ISO 45001:2018 standards, ensuring the quality of its consultancy and O&M services for the oil and gas sector.

The company serves major players in the oil and gas sector, including both public and private firms. Their services include:

  • Project Management Consultation (PMC)
  • Operations and Maintenance of City Gas Distribution (CGD) Networks
  • Operations and Maintenance of CNG and Small-scale LNG
  • Execution of Projects for CGD Infrastructure

Positron Energy Limited employs a total of 140 staff members at various project sites across India.

View the official website!

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