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Positron Energy Limited IPO And Its GMP
Positron Energy Limited is engaged in Management & Technical Advisory Services of Oil and Gas Industry. They provide end-to-end solutions for Gas distribution to Industries across India. The company provides Management Consultancy Services like commercial and financial advisory and technical services including Project Management and O&M (Operation and Management) Services, across the Gas Sector in India.
Positron Energy Limited has successfully developed a Gas aggregation business volume of 35 MMSCM (approx), especially Natural Gas. Their technical qualifications and empanelment with most industrial customers attest to our reliability and competence. Moreover, Natural gas distribution is facilitated through common carrier pipeline networks operated by major public and private sector players in the Indian market.
Issue Size: Rs 51.21 crores
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Composition:
- ● Fresh Issue: 20.48 lakh shares
- ● Offer for Sale: Rs 0.00 crore (indicating no shares are being sold by existing shareholders)
Subscription Dates: August 12, 2024 - August 14, 2024
Price Band: ₹238 to ₹250 per share
Minimum Lot Size: 600 shares
Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd
Registrar: Link Intime India Private Ltd
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Positron Energy IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 17-08-2024 | 250 | 239.0 (96%) | 17-Aug-2024 13:20 |
| 16-08-2024 | 250 | 240 | 16-Aug-2024 12:30 |
| 14-08-2024 | 250 | 200.0 (80%) | 14-Aug-2024 11:55 |
| 13-08-2024 | 250 | 200.0 (80%) | 13-Aug-2024 13:30 |
| 12-08-2024 | 250 | 170.0 (68%) | 12-Aug-2024 12:30 |
| 10-08-2024 | 250 | 150 | 10-Aug-2024 12:10 |
| 09-08-2024 | 250 | 121 | 9-Aug-2024 11:10 |
| 08-08-2024 | 250 | 100.0 (40%) | 8-Aug-2024 11:10 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Positron Energy IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 12, 2024 to August 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹238 to ₹250 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 2,048,400 shares (aggregating up to ₹51.21 Cr) |
| Fresh Issue | 2,048,400 shares (aggregating up to ₹51.21 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹0.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 5,552,000 |
| Shareholding post issue | 7,600,400 |
| Market Maker portion | 102,600 shares |
Positron Energy IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, August 12, 2024 |
| IPO Close Date | Wednesday, August 14, 2024 |
| Basis of Allotment | Friday, August 16, 2024 |
| Initiation of Refunds | Monday, August 19, 2024 |
| Credit of Shares to Demat | Monday, August 19, 2024 |
| Listing Date | Tuesday, August 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 14, 2024 |
Positron Energy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹150,000 |
| Retail (Max) | 1 | 600 | ₹150,000 |
| HNI (Min) | 2 | 1,200 | ₹300,000 |
Positron Energy IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
Positron Energy IPO Promoter Holding
| Share Holding Pre Issue | 98.56% |
| Share Holding Post Issue | 72.00% |
Company & Financials
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 serves major oil and gas sector players, including both public sector companies and private firms.
The services of the company include the following:
- 1. Project Management Consultation (PMC).
- 2. Operations and Maintenance of CGD (City Gas Distribution) Network.
- 3. Operations and Maintenance of CNG and Small-scale LNG.
- 4. Execution Projects for CGD Infrastructure etc.
Positron Energy Limited Financial Information
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 5,231.85 | 2,476.25 | 938.90 | 612.30 | ||||||||||||||||||||||||||||||||||||
| Revenue | 8,061.33 | 5,202.61 | 896.85 | 353.51 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 533.63 | 212.80 | 57.98 | 22.84 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,109.82 | 566.87 | 354.45 | 329.03 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,075.12 | 532.17 | 319.75 | 294.33 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 762.33 | 741.81 | 368.33 | 119.81 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 0.85% |
| ROCE | 0.62% |
| Debt/Equity | 0.69 |
| RoNW | 59.01% |
| P/BV | 9.32 |
| PAT Margin (%) | 6.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.83 | 10.53 |
| P/E (x) | 65.23 | 23.74 |
Objectives of Positron Energy IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- ● To Meet Working Capital Requirements
- ● General Corporate Purposes
Positron Energy IPO Review
Considering the growth trajectory in the oil and gas segment, the niche place created by this company with virtual monopoly and the improved financial performance year-on-year make it a worthy bet. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long term.
FAQs for Positron Energy IPO
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What is Positron Energy IPO?
Positron Energy IPO is an NSE SME IPO. They are going to raise ₹51.21 Crores via IPO. The issue is priced at ₹238 to ₹250 per share. The IPO is to be listed on NSE.
-
When will Positron Energy IPO?
The IPO is to open on August 12, 2024, for QIB, NII, and Retail Investors.
-
What is Positron Energy IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Positron Energy IPO Size?
Positron Energy's IPO size is ₹51.21 crores.
-
What is the Positron Energy IPO Price Band?
Positron Energy's IPO Price Band is ₹238 to ₹250 per equity share.
-
What is Positron Energy IPO Minimum and Maximum Lot Size?
The minimum bid is 600 Shares with ₹150,000 amount while the maximum bid is 1200 shares with ₹300,000.
-
What is the Positron Energy IPO Allotment Date?
Positron Energy's IPO allotment date is August 16, 2024
-
What is the Positron Energy IPO Listing Date?
Positron Energy IPO listing date is August 20, 2024. The IPO to list on NSE SME.
-
What is the current GMP of Positron Energy?
The current GMP of Positron Energy IPO is 239.0 (96%).
RHP:
RHP of Positron Energy Limited IPO
DRHP:
DRHP of Positron Energy Limited IPO
-
What is Positron Energy IPO?
Positron Energy IPO is an NSE SME IPO. They are going to raise ₹51.21 Crores via IPO. The issue is priced at ₹238 to ₹250 per share. The IPO is to be listed on NSE.
-
When will Positron Energy IPO?
The IPO is to open on August 12, 2024, for QIB, NII, and Retail Investors.
-
What is Positron Energy IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Positron Energy IPO Size?
Positron Energy's IPO size is ₹51.21 crores.
-
What is the Positron Energy IPO Price Band?
Positron Energy's IPO Price Band is ₹238 to ₹250 per equity share.
-
What is Positron Energy IPO Minimum and Maximum Lot Size?
The minimum bid is 600 Shares with ₹150,000 amount while the maximum bid is 1200 shares with ₹300,000.
-
What is the Positron Energy IPO Allotment Date?
Positron Energy's IPO allotment date is August 16, 2024
-
What is the Positron Energy IPO Listing Date?
Positron Energy IPO listing date is August 20, 2024. The IPO to list on NSE SME.
-
What is the current GMP of Positron Energy?
The current GMP of Positron Energy IPO is 239.0 (96%).
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