Positron Energy SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Positron Energy IPO. Explore Positron Energy IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Positron Energy Limited provides Management & Technical Advisory Services for the oil and gas industry. Over the years, the company has expanded its operations to include the aggregation and supply of Coal Bed Methane (CBM) gas and Natural Gas to industrial units. The company offers comprehensive management consultancy services, project management, and O&M services, boasting a gas aggregation business volume of approximately 35 MMSCM, primarily natural gas. Positron Energy is also collaborating with ICOM North America LLC to install dual-fuel LNG conversion systems in on-road trucks in India, aiming to reduce emissions and enhance operational efficiency.
Key Points:
- Core Services: Provides management and technical advisory services, including commercial and financial advisory, project management, and operation and maintenance (O&M) services for the gas sector.
- Gas Aggregation: Successfully developed a gas aggregation business volume of approximately 35 MMSCM, particularly in natural gas.
- Clientele: Serves major companies in the oil and gas sector, including both public sector undertakings (PSUs) and private companies.
- Indian Gas Exchange: Membership with the Indian Gas Exchange (IGX) enables sourcing natural gas on-demand and offloading excess gas, ensuring flexibility and market-driven pricing.
- Daily Gas Portfolio: Maintains a substantial daily gas volume of 4000-5000 MMBTU sourced from various channels.
- Innovation and Sustainability: Collaboration with ICOM North America LLC for LNG conversion systems in trucks, aimed at reducing emissions and enhancing environmental sustainability.
- Technical Approvals: Pursuing technical approvals from the Automotive Research Association of India (ARAI) for its dual-fuel LNG conversion systems.
Objects of the Issue
- To Meet Working Capital Requirements
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 12 Aug - 14 Aug 2024 |
| IPO Price Band | ₹ 238 - 250 per share |
| Fresh Issue | 20,48,400 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 51.21 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 12 Aug 2024 |
| IPO Closing Date | 14 Aug 2024 |
| Basis Of Allotment | 16 Aug 2024 |
| Refunds | 19 Aug 2024 |
| Demat Transfer | 19 Aug 2024 |
| IPO Listing Date | 20 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 3.54 | 8.97 | 52.03 | 135.42 |
| Total Expenses | 3.38 | 8.18 | 49.16 | 123.53 |
| Net Profit/Loss | 0.23 | 0.58 | 2.13 | 8.79 |
| NPM (*) | 6.70 | 6.67 | 4.14 | 6.52 |
| Total Assets | 6.12 | 9.39 | 24.76 | 37.89 |
| Total Liabilities | 2.83 | 5.84 | 19.09 | 23.0 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 0.41 | 1.04 | 3.83 | 15.83 |
| ROE (%) | 7.35 | 16.97 | 46.19 | 85.48 |
| ROCE (%) | 4.99 | 11.33 | 26.37 | 61.55 |
| D/E Ratio | 0.36 | 1.04 | 1.31 | 0.69 |
| Current Ratio | 2.56 | 2.95 | 1.81 | 2.26 |
| EBITDA MARGIN (%) | 11.41 | 10.24 | 5.83 | 8.94 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 231.41 |
| Non-Institutional Investor (NII/HNI) | 805.84 |
| Retail Individual Investor (RII) | 351.9 |
| Total | 414.86 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- MR. RAJIV SHANKARANKUTTY MENON
- MR. MANAV BAHRI
- MR. SUJIT K SUGATHAN
Lead Managers
- BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Company Address
Positron Energy Limited
Office No. 3, IT Tower-2, Ground Floor Infocity, Sector-7, Gandhinagar, Gujarat-382007
Phone: +91 079 23290070
Email: secretarial@positron-india.com
Website: www.positron-india.com
FAQs
- What is the issue size of the Positron Energy SME IPO?The Positron Energy SME IPO has an issue size of Approx ₹ 51.21 crore. This includes a fresh issue of 20,48,400 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Positron Energy IPO?The price band for the Positron Energy IPO is ₹ 238 - 250 per share.
- What are the bidding dates for the Positron Energy IPO?The Positron Energy IPO will open for bidding on 12 Aug 2024 and close on 14 Aug 2024.
- What is the allotment date for the Positron Energy IPO?The allotment date for the Positron Energy IPO is 16 Aug 2024.
- What is the listing date for the Positron Energy IPO?The listing date for the Positron Energy IPO is 20 Aug 2024.
- What is the Positron Energy IPO grey market premium?The grey market premium (GMP) for the Positron Energy IPO is currently at ₹285, with an expected listing gain of approximately 114%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.