Positron Energy Limited IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
12 Aug 24 – 14 Aug 24₹1,42,800600₹238 – ₹250
Issue Size
IPO Doc
51.21CrRHP PDF
Positron Energy Limited IPO
Founded in2008
Managing directorMr. Rajiv Shankarankutty Menon
Parent organisationPositron Energy Ltd

Positron Energy offers management and technical advice to the oil and gas industry in India. They help with gas distribution across the country and provide services like project management and operational support. They also deliver liquefied natural gas (LNG) to areas that don’t have pipeline access, including industrial and commercial regions.

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Founded in 2008, Positron Energy works with both public and private companies in the oil and gas sector. Their services include project management, operating city gas distribution networks, and managing small-scale LNG operations. The company employs 140 people at various project sites throughout India.

Positron Energy is certified with ISO 9001:2015 and ISO 45001:2018, which confirms the high quality of their consultancy and operational services.

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The Positron Energy IPO is a public offering to raise ₹51.21 crores by issuing 20.48 lakh fresh shares. The IPO will be open for subscription from August 12 to August 14, 2024, with shares expected to be allotted on August 16 and listed on the NSE SME on August 20, 2024.

The price range for the shares is between ₹238 and ₹250 per share, with a minimum application size of 600 shares, requiring an investment of at least ₹150,000 for retail investors. High Net-worth Individuals (HNIs) can invest in a minimum of two lots, totaling ₹300,000.

Beeline Capital Advisors Pvt Ltd is managing the IPO, with Link Intime India Private Ltd as the registrar and Spread X Securities as the market maker.

For more detailed information, refer to the Positron Energy IPO RHP.

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Between the financial years ending March 31, 2023, and March 31, 2024, Positron Energy Limited increased its revenue by 160.29% and boosted its profit after tax (PAT) by 312.96%.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets3,789.022,476.25938.90
Revenue13,541.765,202.61896.85
Profit After Tax878.78212.8057.98
Net Worth1,489.26566.87354.45
Reserves and Surplus934.06532.17319.75
Total Borrowing1,027.90741.81368.33
Amount in ₹ Lakhs

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Positron Energy  IPO opens on August 12, 2024, and closes on August 14, 2024.

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

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1. What does the Positron Energy Limited IPO involve?

Positron Energy Limited is a company that provides management and technical advisory services for the oil and gas industry in India. They specialize in gas distribution solutions, project management, and the operation and maintenance of gas distribution networks.

2. What does the size of the Positron Energy Limited IPO amount to?

The IPO aims to raise ₹51.21 crores by issuing 20.48 lakh fresh shares.

3. When does the Positron Energy Limited IPO take place?

IPO Opening Date: August 12, 2024
IPO Closing Date: August 14, 2024
Allotment Date: August 16, 2024
Listing Date: August 20, 2024 (tentative)

4. What is the price band of the Positron Energy Limited IPO?

The IPO price band ranges between ₹238 and ₹250 per share.

5. What is the minimum required investment for retail investors?

Retail investors need to purchase a minimum of 600 shares, which requires an investment of ₹150,000.

6. Who is the lead manager for the Positron Energy Limited IPO?

Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the IPO.

7. Who is the registrar for the Positron Energy Limited IPO?

Link Intime India Private Ltd is the registrar for the issue.

8. Where will the Positron Energy Limited shares be listed?

The company will list the shares on the NSE SME exchange.

9. What is the use of funds raised through the IPO?

he company will use the funds raised for business expansion, working capital requirements, and other corporate purposes, as detailed in the Red Herring Prospectus (RHP).

10. What certifications does Positron Energy Limited hold?

The company is certified under ISO 9001:2015 and ISO 45001:2018 standards, which ensure the quality of their consultancy and operational services.

Monika Jindal
Monika Jindal
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