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Positron Energy IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

Positron Energy IPO

#1. Quick Intro to Positron Energy IPO

The initial public offering (IPO) of Positron Energy will open for subscription on August 12 and close on August 14, comprising fresh issues of Rs.51.21 crore. An investor can apply for the issue for a minimum of 600 shares and the listing will happen on August 20, 2024.  

Positron Energy Limited (2008) engaged in Management & Technical Advisory Services of Oil and Gas Industry. The company provide end-to-end solutions for Gas distribution to Industries across India. The company provide Management Consultancy Services like commercial and financial advisory, and technical services including Project Management and O&M (Operation and Management) Services, across the Gas Sector in India. The company has successfully developed a Gas aggregation business volume of 35 MMSCM (approx), especially Natural Gas. The company’s technical qualifications and empanelment with most industrial customers attest to reliability and competence. Moreover, distribution of Natural gas is facilitated through common carrier pipeline networks operated by major public and private sector players in the Indian market

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Positron Energy    

The company intends to use the IPO Funds for the following purposes: 

  1. Funding for the working capital requirement of the company
  2. General corporate purposes and issue expenses. 

#3. Positron Energy Core Strengths 

  1. Diversified portfolio for future growth 
  2. Adaptability of changing  gas piping  landscape 
  3. Embracing  Govt. Reforms 
  4. Experienced promoters and management team

#4. Positron Energy IPO Review & Rating

Issue Size  Rs.51.21 crore
Issue Price  Rs. 238-250 per share 
Minimum Lot Size 600 Shares
Total Profit (Latest)  Rs.878.78 lakhs
ROE (%) 0.85
RONW (%) 0.62
Listing on NSE BSE
IPO Deliver Rating Two

 

#5. Positron Energy IPO Dates, Price Band & Details

Positron Energy IPO will open on August 12, 2024, and close on August 14, 2024. The IPO is to be listed on August 20, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.51.21 crore
Price Brand Rs.238-250 per share
Face Value Rs. 10/- per share
IPO Open Date August 12, 2024
IPO Close Date August 14, 2024
IPO Allotment Date August 16, 2024
Refund Date August 19, 2024
Share Credit Date August 19, 2024
Listing Date August 20, 2024

 

#6. Positron Energy IPO Offer Details

Positron Energy IPO’s total issue size is 20,48,400 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue           20,48,400       Rs.51.21
Offer for Sale (OFS)

 

#7. Positron Energy Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) March 2024 March 2023 March 2022
Total Revenue 13473.25 5142.64 869.04
Net Worth 1489.26 566.87 354.45
Profit 878.78 212.80 57.98
Total Borrowings 1027.90 741.81 368.33

 

#8. Positron Energy Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022. 

Category March 2024 March 2023 March 2022
EPS (Rs.) 15.83 3.83 1.04
RoNW (%) 59.01 37.54 16.36
NAV (Rs.) 26.82 10.21 6.38

 

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#9. Positron Energy Comparison with Other Peer Companies (Top 2)

No Listed companies in India are comparable in all aspects of the business. 

Company Names PAT

(Rs. in Thousands)

RoNW (%) NAV

 

#10. Positron Energy Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Rajiv Shankarnakutty Menon
02. Manav Bahri
03. Sujit K Sugathan

 

#11. Positron Energy Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  98.56
Post-issue 72.00

 

#12. Positron Energy IPO Reservation Details

Positron Energy IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB/others Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

 

#13. Positron Energy IPO – Lot Size

An investor can apply for a minimum of 600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 600 1,50,000
Retail (Max.) 1 600 1,50,000
HNI (Min.) 2 1200 3,00,000

 

#14. Positron Energy IPO – Prospectus Copy

An investor can download/view the Positron Energy prospectus copy, which the company filed to exchange, details are as follows. 

Positron Energy IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Positron Energy IPO Registrar 

Link Intime India Private Limited 

Website: www.linkintime.co.in 

#16. Positron Energy IPO Lead Managers

Beeline Capital Advisors Private Limited

Website: www.beelinemb.com 

#17. Positron Energy IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Positron Energy IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Positron Energy Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Positron Energy Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Positron Energy Company Details

Positron Energy Limited 

Registered Office: Office No.03, IT Tower-2, GF Infocity, Sector 07, Gandhinagar, Gujarat-382007

Email: secretrial@positron-india.com

Website: www.positron-india.com 

#19. Positron Energy Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01.
02.

 

#20. Positron Energy Company Board (Top 2)

Sr. No. Name of Directors
01. Rajiv Shankarnakutty Menon
02. Manav Bahri

 

Positron Energy IPO – Frequently Asked Questions (FAQs)

#1. What is a Positron Energy IPO?

Positron Energy brings its IPO of Rs.51.21 crore, on August 12, 2024, with a price band of Rs.238-250 per share.

 

#2. What is the Positron Energy IPO Open date?

Positron Energy IPO’s opening date is August 12, 2024.

 

#3. What is the Positron Energy IPO Close Date?

Positron Energy IPO’s closing date is August 14, 2024.

 

#4. What is the Positron Energy IPO Listing date?

Positron Energy’s IPO listing date is August 20, 2024.

 

#5. What is the Positron Energy IPO Minimum investment amount?

Positron Energy IPO’s minimum investment amount is Rs. 1,50,000

 

#6. What is the Positron Energy IPO offer issue Size?

Positron Energy offers an issue size of Rs.51.21 crore.

 

#7. What is the Positron Energy IPO Price Band?

Positron Energy’s IPO price band is Rs. 238-250 per share.

 

#8. Is Positron Energy IPO mainboard IPO or SME IPO?

Positron Energy IPO is an SME IPO.

 

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