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 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 |
Positron Energy IPO Timeline
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 Limited 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 Limited 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 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 Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 5,231.85 | 2,476.25 | 938.90 | 612.30 |
Revenue | 8,061.33 | 5,202.61 | 896.85 | 353.51 |
Profit After Tax | 533.63 | 212.80 | 57.98 | 22.84 |
Net Worth | 1,109.82 | 566.87 | 354.45 | 329.03 |
Reserves and Surplus | 1,075.12 | 532.17 | 319.75 | 294.33 |
Total Borrowing | 762.33 | 741.81 | 368.33 | 119.81 |
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.