Positron Energy IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 12 Aug 24 – 14 Aug 24 | ₹1,42,800 | 600 | ₹238 – ₹250 |
Issue Size | IPO Doc |
|---|---|
| 51.21Cr | RHP PDF |
About Positron Energy Limited
| Founded in | 2008 |
| Managing director | Mr. Rajiv Shankarankutty Menon |
| Parent organisation | Positron 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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Positron Energy IPO Details
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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Positron Energy Financial Information (Restated Consolidated)
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,789.02 | 2,476.25 | 938.90 |
| Revenue | 13,541.76 | 5,202.61 | 896.85 |
| Profit After Tax | 878.78 | 212.80 | 57.98 |
| Net Worth | 1,489.26 | 566.87 | 354.45 |
| Reserves and Surplus | 934.06 | 532.17 | 319.75 |
| Total Borrowing | 1,027.90 | 741.81 | 368.33 |
| Amount in ₹ Lakhs | |||
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Positron IPO Timeline
Positron Energy IPO opens on August 12, 2024, and closes on August 14, 2024.
| 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 |
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Positron IPO FAQs
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.
The IPO aims to raise ₹51.21 crores by issuing 20.48 lakh fresh shares.
IPO Opening Date: August 12, 2024
IPO Closing Date: August 14, 2024
Allotment Date: August 16, 2024
Listing Date: August 20, 2024 (tentative)
The IPO price band ranges between ₹238 and ₹250 per share.
Retail investors need to purchase a minimum of 600 shares, which requires an investment of ₹150,000.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the IPO.
Link Intime India Private Ltd is the registrar for the issue.
The company will list the shares on the NSE SME exchange.
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).
The company is certified under ISO 9001:2015 and ISO 45001:2018 standards, which ensure the quality of their consultancy and operational services.
