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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 ₹250.00 per share . The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,42,800 (600 shares). The minimum lot size investment for 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 Date | August 12, 2024 to August 14, 2024 |
| Listing Date | August 20, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹238 to ₹250 per share |
| Issue Price Final | ₹250 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,48,400 shares (aggregating up to ₹51.21 Cr) |
| Reserved for Market Maker | 1,02,600 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹2.57 Cr) |
| Net Offered to Public | 19,45,800 shares (aggregating up to ₹48.65 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 55,52,000 shares |
| Share Holding Post Issue | 76,00,400 shares |
Positron Energy IPO offers total 20,48,400 shares. Out of which 9,72,000 (47.45%) allocated to QIB, 3,88,800 (18.98%) allocated to QIB, 2,92,200 (14.26%) allocated to NII, 6,81,600 (33.27%) allocated to RII and 5,83,200 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,02,600 (5.01%) |
| QIB Shares Offered | 9,72,000 (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 (14.26%) |
| Retail Shares Offered | 6,81,600 (33.27%) |
| Total Shares Offered | 20,48,400 (100.00%) |
Positron Energy IPO raises ₹14.58 crore from anchor investors. Positron Energy IPO Anchor bid date is August 9, 2024. Positron Energy IPO Anchor Investors list
| Bid Date | August 9, 2024 |
| Shares Offered | 5,83,200 |
| Anchor Portion Size (In Cr.) | 14.58 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 15, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 14, 2024 |
Positron Energy IPO opens on August 12, 2024, and closes on August 14, 2024.
| IPO Open Date | Mon, Aug 12, 2024 |
| IPO Close Date | Wed, Aug 14, 2024 |
| Tentative Allotment | Fri, Aug 16, 2024 |
| Initiation of Refunds | Mon, Aug 19, 2024 |
| Credit of Shares to Demat | Mon, Aug 19, 2024 |
| Tentative Listing Date | Tue, Aug 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 14, 2024 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Positron Energy Limited's revenue increased by 160.29% and profit after tax (PAT) rose by 312.96% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,789.02 | 2,476.25 | 938.90 |
| Total Income | 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 | |||
The market capitalization of Positron Energy IPO is ₹190.01 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 0.85% |
| ROCE | 0.62% |
| Debt/Equity | 0.69 |
| RoNW | 59.01% |
| PAT Margin | 6.52% |
| Price to Book Value | 9.32 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 15.83 | 11.56 |
| P/E (x) | 15.79 | 21.62 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] Considering the growth trajectory in the oil and gas segment, niche place created by this company with virtual monopoly and the improved financial performance year-o-year makes it a worthy bet. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long term. Read detail review...
| Listing Date | August 20, 2024 |
| BSE Script Code | |
| NSE Symbol | POSITRON |
| ISIN | INE0S3H01017 |
| Final Issue Price | ₹250 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹250.00 |
| Open | ₹475.00 |
| Low | ₹475.00 |
| High | ₹498.75 |
| Last Trade | ₹498.75 |
Positron Energy Ltd.
Office No. 3, IT Tower-2,
Ground Floor Infocity
Sector-7,
Gandhinagar, Gujarat, 382007
Phone: +91 63537 65381
Email: secretarial@positron-india.com
Website: https://positron-india.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: positronenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Positron Energy IPO is a SME IPO of 20,48,400 equity shares of the face value of ₹10 aggregating up to ₹51.21 Crores. The issue is priced at ₹250 per share. The minimum order quantity is 600.
The IPO opens on August 12, 2024, and closes on August 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 August 12, 2024 and closes on August 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 Monday, August 19, 2024. Check the Positron Energy IPO allotment status.
The Positron Energy IPO listing date is on Tuesday, August 20, 2024.
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