Bookbuilding IPO | ₹51 Cr | Listed at NSE SME | Mon, Aug 12, 2024 - Wed, Aug 14, 2024
Positron Energy IPO is a book build issue of ₹51.21 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹51.21 crore.
Positron Energy IPO bidding started from Aug 12, 2024 and ended on Aug 14, 2024. The allotment for Positron Energy IPO was finalized on Aug 16, 2024. The shares got listed on NSE SME on Aug 20, 2024.
Positron Energy IPO price band is set at ₹250 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,50,000 (600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,200 shares), amounting to ₹3,00,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Positron Energy IPO RHP for detailed Information.
IPO Open
Mon, Aug 12, 2024
IPO Close
Wed, Aug 14, 2024
Issue Price
₹250 per share
Market Cap (Pre-IPO)
₹190.01 Cr
| IPO Date | 12 to 14 Aug, 2024 |
| Listed on | Tue, Aug 20, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹238 to ₹250 |
| Issue Price | ₹250 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,48,400 shares (agg. up to ₹51 Cr) |
| Reserved for Market Maker | 1,02,600 shares Spread X Securities Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 19,45,800 shares (agg. up to ₹49 Cr) |
| Net Offered to Public | 19,45,800 shares (agg. up to ₹49 Cr) |
| Share Holding Pre Issue | 55,52,000 shares |
| Share Holding Post Issue | 76,00,400 shares |
| NSE Symbol | POSITRON |
| ISIN | INE0S3H01017 |
Positron Energy IPO comprises a total issue size of 20,48,400 shares. The net offer to the public is 19,45,800 shares, after excluding 1,02,600 shares allotted on a firm basis. Of the Net offer 9,72,000 (49.95%) are allocated to QIB, 2,92,200 (15.02%) allocated to NII 6,81,600 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 9,72,000 | 49.95% | 47.45% |
| − Anchor Investor Shares Offered | 5,83,200 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 3,88,800 | 18.98% | |
| NII (HNI) Shares Offered | 2,92,200 | 15.02% | 14.26% |
| Retail Shares Offered | 6,81,600 | 35.03% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,02,600 | 5.01% | |
| Total Shares Offered | 20,48,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,50,000 |
| Retail (Max) | 1 | 600 | ₹1,50,000 |
| HNI (Min) | 2 | 1,200 | ₹3,00,000 |
Positron Energy IPO raises ₹14.58 crore from anchor investors. Positron Energy IPO Anchor bid date is August 9, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Aug 9, 2024 |
| Shares Offered | 5,83,200 |
| Anchor Portion (₹ Cr.) | 14.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Nov 14, 2024 |
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.
The company has a total workforce of 140 employees at various project sites across India.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 37.89 | 24.76 | 9.39 |
| Total Income | 135.42 | 52.03 | 8.97 |
| Profit After Tax | 8.79 | 2.13 | 0.58 |
| NET Worth | 14.89 | 5.67 | 3.54 |
| Reserves and Surplus | 9.34 | 5.32 | 3.20 |
| Total Borrowing | 10.28 | 7.42 | 3.68 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 38.20 |
| 2 | General Corporate Purposes | 8.62 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 85.48 |
| ROCE | 61.55 |
| Debt/Equity | 0.69 |
| RoNW | 59.01% |
| PAT Margin | 6.52% |
| EBITDA Margin | 8.94% |
| Price to Book Value | 9.32 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 15.83 | 11.56 |
| P/E (x) | 15.79 | 21.62 |
| Promoter Holding | 98.56% | 72% |
| Market Cap | ₹190.01 Cr. |
The Positron Energy IPO is subscribed 414.86 times on August 14, 2024 6:19:59 PM (Day 3). The public issue subscribed 351.9 times in the retail category, 231.41 times in the QIB category, and 805.84 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 231.41 | 3,88,800 | 8,99,71,200 |
| NII* | 805.84 | 2,92,200 | 23,54,65,200 |
| Retail | 351.9 | 6,81,600 | 23,98,53,000 |
| Total | 414.86 | 13,62,600 | 56,52,89,400 |
Total Application : 3,99,755
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable to Legal Advisors | 0.02 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.25 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 6 | Fees Payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 3.60 |
| 9 | Escrow Bank Fees | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹250.00 |
| Open | ₹475.00 |
| Low | ₹475.00 |
| High | ₹498.75 |
| Last Trade | ₹498.75 |
Lead Manager Reports
Positron Energy IPO is a SME IPO of 20,48,400 equity shares of the face value of ₹10 aggregating up to ₹51 Crores. The issue is priced at ₹250 per share. The minimum order quantity is 600.
The IPO opens on Mon, Aug 12, 2024, and closes on Wed, Aug 14, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Positron Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Positron Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Positron Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Positron Energy IPO opens on Mon, Aug 12, 2024 and closes on Wed, Aug 14, 2024.
Positron Energy IPO lot size is 600, and the minimum amount required for application is ₹1,50,000.
You can apply in Positron Energy IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Positron Energy IPO will be done on Friday, August 16, 2024, and the allotted shares will be credited to your demat account by Mon, Aug 19, 2024. Check the Positron Energy IPO allotment status.
The Positron Energy IPO listing date is on Tue, Aug 20, 2024.
