Positron Energy Ltd was incorporated on February 15, 2008. The company is engaged in management & technical advisory services for oil and gas industry. It provides end-to-end solutions for gas distribution to industries across India. It provides management consultancy services like commercial and financial advisory, technical services including project management, and O&M (Operation and Management) services, across the gas sector in India.
| Bidding Dates |
|---|
| 12 Aug 2024 - 14 Aug 2024 |
| Subscription |
|---|
| 385.88x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,42,800 | 1 | 1 | 600 | 2.0 M | ₹238 - ₹250 | 72 % | ₹487.5 M - ₹512.1 M | RHP DOC |
Positron Energy IPO SUBSCRIPTION STATUS
14 Aug '24Positron Energy IPO overall subscription rate was 385.88 times the total available shares
Positron Energy IPO retail subscription rate was 467.72 times in the retail segment
Positron Energy IPO non-institutional investor subscription rate was 1071.83 times in the non-institutional investor category
Positron Energy IPO Qualified Institutional Bidder subscription rate was 122.81 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 Aug 2024 (Day 3) | 467.72x | 1071.83x | 122.81x |
13 Aug 2024 (Day 2) | 287.52x | 65.75x | 4.07x |
12 Aug 2024 (Day 1) | 39.31x | 18.84x | 2.56x |
Positron Energy FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 87.9 | 1,347.3 | 63.5 | 62.3 | 8.9% |
| FY23 | 21.3 | 514.3 | 9.9 | 7.8 | 5.8% |
| FY22 | 5.8 | 86.9 | -6.9 | -15.6 | 10.2% |
Positron Energy IPO SUBSCRIPTION STATUS DETAILS
Positron Energy had 2.0 M shares on offer
Positron Energy IPO offer price was in the range ₹238 - ₹250
Positron Energy IPO minimum Investment was ₹142800
Positron Energy IPO issue size was ₹ 487.5 M - ₹ 512.1 M
Positron Energy had a minimum lot size of 600 Shares per application
Positron Energy NUMBER OF SHARES ON OFFER
Positron Energy IPO IMPORTANT DATES
| Issue Open Date | 12 Aug 2024 |
| Issue close Date | 14 Aug 2024 |
| Allotment Date | 16 Aug 2024 |
| Refund Date | 19 Aug 2024 |
| Demat Account Credit Date | 19 Aug 2024 |
| Listing Date | 20 Aug 2024 |
| Listing on Exchange(s) | NSE |
| Positron Energy Allotment Status | Exchange |
Positron Energy IPO subscription opened on 12 Aug 2024, and closed on 14 Aug 2024
IPO allotment for Positron Energy was finalized on Friday, 16 Aug 2024
IPO listing for Positron Energy was on NSE on Tuesday, 20 Aug 2024
Positron Energy IPO LISTING GAINS
| Issue Price (adjusted) | 250.0 |
| Listing Open Price | 475.0 |
| Listing Close Price | 498.8 |
| Listing Gain% | 90.0% |
| Current Gain% | -31.4% |
Positron Energy Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Positron Energy Ltd. | 171.4 | 130.3 | 6.5 | 0.5 | 0.3 | 20.3 | 15.7 | 448.4 | 32.1 | 20 | 12.7 | 26.4 | 12.7 |
| Central Mine Planning & Design Institute Ltd. | 250.1 | 17860 | 26.8 | 18.8 | 2397.4 | 10.1 | 613.2 | -8.1 | |||||
| Engineers India Ltd. | 240.6 | 13522.7 | 19.6 | 1 | 3.4 | 22 | 11.8 | 4123.2 | 27 | 691.6 | 19.3 | 12.3 | 19.3 |
| Qualitek Labs Ltd. | 450 | 449.1 | 30.8 | 9.6 | 5.4 | 125 | 76.8 | 14.6 | 131.7 | 14.6 | |||
| Monarch Surveyors and Engineering Consultants Ltd. | 231 | 327 | 8.8 | 16.1 | 13.8 | 176.8 | 13.6 | 37.2 | 6.9 | 26.3 | |||
| Likhami Consulting Ltd. | 299 | 297.5 | 934.7 | 96.6 | 374 | 0.7 | 0.7 | 0.8 | 15.9 | 0.2 | 6.4 | 0.3 | 9.7 |
Positron Energy INFORMATION ON IPO ISSUE
About Positron Energy
Positron Energy Ltd was incorporated on February 15, 2008. The company is engaged in management & technical advisory services for oil and gas industry. It provides end-to-end solutions for gas distribution to industries across India. It provides management consultancy services like commercial and financial advisory, technical services including project management, and O&M (Operation and Management) services, across the gas sector in India.
Object of the Issue
- To meet working capital requirements
- General corporate purposes
Positron Energy - PROMOTERS
| Name |
|---|
| Sujit K Sugathan |
| Rajiv Shankarankutty Menon |
| Manav Bahri |
Positron Energy Lead Manager of the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Positron Energy Registrar to the issue
Link Intime India Private Limited
positronenergy.ipo@linkintime.co.in
Positron Energy Strengths
Diversified portfolio
The company has established competence in providing management and technical advisory services to major PSU and Private Sector companies in the oil and gas sector. The company is diversified into gas sales and distribution to industrial units across the country and venturing into new product development in collaboration with international partners.
Diversified customer base
The company is actively diversifying its customer base and exploring new market segments in alignment with changing pricing structures. It is recognizing the evolving landscape in the natural gas sector, especially with the changing pricing dynamics.
Positron Energy Risks
Dependent on third-parties
The company is dependent on third parties to source natural gas. Any disruption in the receipt of such natural gas from these third parties could lead to a disruption or failure in the supply of natural gas by them, which could adversely affect its business, reputation, and results of operations.
Dependent on few customers
The company's top 10 customers contributed 77.8% of total sales in FY24. The business operations are highly dependent on a few top customers and the loss of any of their customers may adversely affect its sales and consequently the business and results of operations.
IPO FAQs
The promoters of the company are Sujit K Sugathan, Rajiv Shankarankutty Menon and Manav Bahri.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 238.0 - 250.0.
The IPO application opens on Aug 12, 2024 and closes on Aug 14, 2024.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 142,800.0, the maximum value for this IPO is Rs 150,000.0.
This IPO will be allotted on Aug 16, 2024.
The refund will be credited to your account on Aug 19, 2024.
The allotted shares will be credited to your demat on Aug 19, 2024.
Positron Energy Ltd.’s shares listed on the stock exchanges on Aug 20, 2024.