Positron Energy Limited IPO Detail
Incorporated in 2008, Positron Energy Limited provides management and technical advisory for the oil and gas industry in India. They offer end-to-end gas distribution solutions, including management consultancy, project management, and operation and management services. The company has developed a gas aggregation business focusing on natural gas and utilizes common carrier pipeline networks in the Indian market.
The company is certified according to ISO 9001:2015 and ISO 45001:2018 standards. This certification ensures the quality of consultancy and O&M services provided to the oil and gas sector.
- Project Management Consultation (PMC),
- Operations and Maintenance of CGD (City Gas Distribution) Network,
- Operations and Maintenance of CNG and Small-scale LNG,
- Execution Projects for CGD Infrastructure etc.
The company has a total workforce of 140 employees at various project sites across India.
Company Promoters
The promoters of the company are Mr. Rajiv Shankarankutty Menon, Mr. Manav Bahri and Mr. Sujit K Sugathan.IPO Details
| IPO Opening Date | Aug 12, 2024 |
| IPO Closing Date | Aug 14, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹238 - 250 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹51.21 Cr |
| Fresh Issue | ₹51.21 Cr |
| Offer for Sale | ₹0.00 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 4.82x | 0.00x | 0.00x | 14.34x | 30.63x | 19.78x |
| Day 2 | 7.67x | 0.00x | 0.00x | 49.49x | 96.64x | 61.14x |
| Day 3 | 231.41x | 0.00x | 0.00x | 805.84x | 351.90x | 414.86x |
IPO Tentative Timetable
The Positron Energy Limited IPO open date is Aug 12, 2024, and the close date is Aug 14, 2024. The issue may list on Aug 20, 2024.
| IPO Open Date | Aug 12, 2024 |
| IPO Close Date | Aug 14, 2024 |
| Basis of Allotment Date | Aug 16, 2024 |
| Initiation of Refunds | Aug 19, 2024 |
| Credit of Shares to Demat Account | Aug 19, 2024 |
| IPO Listing Date | Aug 20, 2024 |
IPO Lot Size
The Positron Energy Limited IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹150000 |
| Maximum | 1 | 600 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.56% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Nov-23 | 5231.85 | 8061.33 | 533.63 |
| 31-Mar-23 | 2476.25 | 5202.61 | 212.80 |
| 31-Mar-22 | 938.90 | 896.85 | 57.98 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purposes
Positron Energy Limited IPO Registrar:
Link Intime India Private Ltd
Positron Energy Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Positron Energy Limited
Office No. 3, IT Tower-2, Ground Floor Infocity, Sector-7
Gandhinagar
Gandhinagar
