Positron Energy IPO: Key highlights of upcoming IPO

• Positron Energy IPO is a book-built issue worth up to Rs 51.21 crores.
• Bidding opens on August 12 and closes on August 14, 2024.
• Positron Energy SME IPO price band is set at Rs 238 – Rs 250 per share.
• The minimum amount required for retail investors is Rs 1,50,000.

Positron Energy IPO: Synopsis

Positron Energy is open for subscription from Monday, August 12, 2024, and closing on Wednesday, August 14, 2024. The price band for this IPO is set to Rs 238 – Rs 250 per share.

Positron Energy IPO is offering a book-built public issue of an entirely fresh issue of 20.48 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, August 16, 2024. This IPO will be listed on the NSE SME segment on Tuesday, August 20, 2024.

The minimum lot size set for the retail category is 1 lot, i.e., 600 shares. For retail investors, the minimum and maximum investment amount required is Rs 150,000. However, for the HNI category, the maximum lot size is 2 lots, i.e., 1,200 shares amounting to Rs 300,000.

The IPO is managed by Beeline Capital Advisors Private Limited, which is the book-running lead manager of this public issue. The company has appointed Link Intime India Private Limited as the registrar for the issue.

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Positron Energy Limited: About the Company

Positron Energy Limited was incorporated in 2008 and provides management and technical advisory services for the oil and gas industry in India. They offer comprehensive gas distribution solutions, including management consultancy, project management, and operation and management services. Their gas aggregation business focuses on natural gas, utilising common carrier pipeline networks.

Positron Energy Limited is certified according to ISO 9001:2015 and ISO 45001:2018 standards, ensuring high-quality consultancy and O&M services. They serve major oil and gas sector players, including public and private companies. With a workforce of 140 employees, their services include Project Management Consultation (PMC), Operations and Maintenance of CGD Networks, and more.

Positron Energy IPO: Objectives

The company plans to utilise the Net Proceeds from the issue for several purposes. These include funding meeting the company's working capital requirements, and supporting general corporate purposes.

Positron Energy IPO: Other Important Details

Time-Table of Positron Energy IPO

Positron Energy IPO: Financial Metrics (Amt in Rs Lakhs)

The company's revenue was reported to be Rs 135.42 crore for the year ended March 2024, which shows an increment of 160.90% compared to March 2023. The profit after tax massively increased by 312.96% compared to March 2023. 

Minimum Investment: Lot Size Details

Promoters of Positron Energy Limited and Their Holdings

The company's promoters are Mr Rajiv Shankarankutty Menon, Mr Manav Bahri and Mr Sujit K Sugathan. The promoters collectively held 98.56% of the company's shares. However, post-IPO, their combined shareholding will be 72.00%.

Positron Energy: Strength of Company

1. Positron Energy provides end-to-end gas distribution solutions, including consultancy, project management, and O&M services.

2. The company holds ISO 9001:2015 and ISO 45001:2018 certifications, ensuring high-quality service standards.

3. The company has shown amazing revenue growth over the past three fiscal years.

4. The company's net profit increased by 312.96% for FY24.

FAQs

1.      What are the core details available of Positron Energy IPO?

Positron Energy IPO is a book-built issue of Rs 51.21 crore. This upcoming IPO is offering a fresh issue of 20.48 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, August 16, 2024.

2.      How can I apply for the Positron Energy IPO?

The public subscription of this new IPO opens on August 12 and closes on August 14, 2024. Click here to initiate the application process.

3.      Who are the lead managers for the Positron Energy IPO?

Beeline Capital Advisors Private Limited was appointed as the book-running lead manager for the IPO.

4.      Who is appointed as the registrar for this IPO?

Link Intime India Private Limited has been appointed as the registrar for this public issue.

5.      How will the net proceeds from the IPO be utilised?

The company plans to utilise the Net Proceeds from the Issue for several purposes. These include funding meeting the company's working capital requirements, and supporting general corporate purposes.

6.      How can I check the allotment status of the IPO?

Investors who applied for IPO can check the allotment status of Positron Energy IPO by visiting here, for further updates, follow Bigul.

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