Positron Energy is scheduled to hit the market on August 12, 2024 and close on August 14, 2024. Positron Energy plans to raise around ₹51.21 Cr through an IPO with a sale of up to 2,048,400 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Positron Energy Limited, established in 2008, specializes in management and technical advisory services for the oil and gas sector in India. The company offers comprehensive gas distribution solutions that encompass management consultancy, project management, and operational management services. With a focus on natural gas, Positron has developed a gas aggregation business that leverages common carrier pipeline networks within the Indian market.
Certified under ISO 9001:2015 and ISO 45001:2018 standards, the company ensures high-quality consultancy and operational services for its clients in the oil and gas industry. Positron serves a diverse range of clients, including major public sector companies and private firms, providing services such as Project Management Consultation (PMC), Operations and Maintenance of City Gas Distribution (CGD) networks, maintenance of CNG and small-scale LNG facilities, and execution of CGD infrastructure projects. The company employs a dedicated workforce of 140 professionals across various project sites throughout India.
Positron Energy IPO Details
Positron Energy IPO opens on August 12, 2024, and closes on August 14, 2024. The Listing date for Positron Energy IPO is on August 20, 2024. The price band for IPO is ₹238 to ₹250 per share and lot size of 600 Shares.
| IPO Date | August 12, 2024 to August 14, 2024 |
| Listing Date | August 20, 2024 |
| Price | ₹238 to ₹250 per share |
| Lot Size | 600 Shares |
| Issue Size | ₹51.21 Cr |
| Face Value | ₹10 per share |
Positron Energy IPO Tentative Timetable
Positron Energy opening date is August 12, 2024 and close date is August 14, 2024. The IPO allotment date is August 16, 2024. Therefund initiation of IPO is on August 19, 2024. The credit of shares in demat account is on August 19, 2024. The listing date is on August 20, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 12, 2024 |
| IPO Closing | August 14, 2024 |
| IPO Allotment Date | August 16, 2024 |
| Refund Initiation | August 19, 2024 |
| Shares Credit to Demat | August 19, 2024 |
| Lisiting Date | August 20, 2024 |
Positron Energy IPO Lot Size
Lot Size of this IPO is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹150,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 600 | ₹150,000 |
| Retail(Maximum) | 1 | 600 | ₹150,000 |
| S-HNI (Minimum) | 2 | 1,200 | ₹300,000 |
Positron Energy IPO Promoter Holding
| Pre Issue Share Holding | 98.56% |
| Post Issue Share Holding | 72.00% |
Positron Energy IPO Review
Positron Energy Ltd. (PEL) is gearing up for its debut on the stock market with an IPO of 2,048,400 equity shares, priced between Rs. 238 and Rs. 250 per share. The company, specializing in management and technical advisory services for the oil and gas industry, has shown impressive growth in recent years. PEL’s core activities include gas distribution, project management, and operations & maintenance services. With significant expertise in the natural gas and coal bed methane sectors, PEL is well-positioned to benefit from the Indian government's focus on energy infrastructure and sustainable practices. The IPO will open for subscription on August 12, 2024, and close on August 14, 2024. The proceeds will be used primarily for working capital and general corporate purposes.
Financially, PEL has demonstrated remarkable growth, with total income rising from Rs. 8.97 crore in FY22 to Rs. 135.42 crore in FY24, and net profit increasing from Rs. 0.58 crore to Rs. 8.79 crore during the same period. Despite this strong performance, the IPO appears fully priced, with a price-to-earnings ratio of 21.63 based on FY24 earnings. The company’s price-to-book value ratios are 9.32 pre-IPO and 2.88 post-IPO, indicating a high valuation relative to its net asset value. While these metrics suggest that the stock may be priced at a premium, PEL’s niche expertise and growth potential in a booming sector offer a promising outlook.
In conclusion, PEL’s IPO presents a compelling opportunity for investors interested in the expanding oil and gas services sector. The company’s established position, significant growth, and future prospects in line with government initiatives make it a noteworthy investment. However, given the fully priced nature of the issue, potential investors should consider a medium to long-term investment horizon to maximize potential returns.
Positron Energy IPO Subscription Status (Bidding Details)
Table not foundPositron Energy IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Positron Energy IPO FAQs
What is Positron Energy IPO?
Positron Energy is issuing 2,048,400 equity shares with a face value of ₹10 each, totaling up to ₹51.21 Cr. The shares are being offered at a price of ₹238 to ₹250 each, with a minimum order quantity of 600 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Positron Energy IPO will open?
Positron Energy will open on August 12, 2024 for QIB, NII, and Retail Investors.
When Positron Energy IPO will end?
Positron Energy will end on August 14, 2024.
What is Positron Energy IPO Size?
Positron Energy IPO size is ₹51.21 Cr.
What is Positron Energy IPO Price Band?
Positron Energy price band is ₹238 to ₹250 per share.
What is the Positron Energy IPO Allotment Date?
Positron Energy allotment date is August 16, 2024.
What is the Positron Energy IPO Listing Date?
Positron Energy listing date is August 20, 2024. The IPO is to be listed on BSE and NSE.
How to Positron Energy IPO through Zerodha?
To apply for the IPO “Positron Energy” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Positron Energy IPO through Upstox?
To apply for the IPO “Positron Energy” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Positron Energy IPO Allotment Status?
For Positron Energy IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Positron Energy IPO GMP?
You can check out here: Positron Energy IPO GMP