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Positron Energy Ltd IPO

  • Status: Closed
  • - / - shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    20 Aug 2024

  • Listing Price

    ₹ 475.00

  • Listing Change

    99.58%

  • Last Traded Price

    ₹ 318.50

IPO Details

  • Open Date

    12 Aug 2024

  • Close Date

    14 Aug 2024

  • IPO Price Range

    ₹ 238

  • IPO Size

    ₹ 48.75 - 51.21 Cr

  • Listing Exchange

    TBA

  • Listing Date

    20 Oct 2024

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IPO Timeline

Positron Energy Ltd IPO Subscription Status

Last Updated: 26 August 2024 10:43 PM by chetan

Last Updated: 14tth August 2024, 5:50 PM by 5paisa

Positron Energy IPO is set to open on 12 August 2024 and will close on 14 August 2024. The company is an expert in providing technical consultancy services and management solutions to the Indian oil and gas sector.

The IPO includes a fresh issue of 20,48,400 shares aggregating up to ₹51.21 Cr. The price range is ₹238 to ₹250 per share and the lot size is 600 shares. 

The allotment is scheduled to be finalized on 16 August 2024. It will go public on NSE SME, with a tentative listing date of 20 August 2024.

Beeline Capital Advisors Pvt Ltd is the book-running lead manager, while Link Intime India Private Ltd is the registrar.

Positron Energy IPO Size

Types Size (₹Cr)
Total IPO size 51.21
Offer for sale -
Fresh issue 51.21

Positron Energy IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 1 600 1,50,000
Retail (Max) 1 600 1,50,000
HNI (Min) 2 1200 3,00,000

Positron Energy IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 231.41 3,88,800 8,99,71,200 2,249.28
NII (HNI) 805.32 2,92,200 23,53,15,200 5,882.88
Retail 348.35 6,81,600 23,74,35,000 5,935.88
Total 412.98 13,62,600 56,27,21,400 14,068.04

IPO Anchor Allocation

Anchor Bid Date 9 August, 2024
Total no. of shares offered 583,200
Portion Size for Anchor Investors 14.58
Lock in Period for 50% shares (30 days) 15 September, 2024
Lock in Period for rest of shares (90 days) 14 November, 2024

1. To Meet Working Capital Requirements
2. General Corporate Purposes

Positron Energy Limited was founded in 2008 and is an expert in providing technical consultancy services and management solutions to the Indian oil and gas sector. In addition to consulting, project management, and operation and maintenance (O&M) services, they offer full gas distribution systems. In the Indian market, the company has launched a gas aggregation company that uses common carrier pipeline networks and focuses on natural gas.

Positron Energy Limited is certified to ISO 9001:2015 and ISO 45001:2018, meaning that it can provide top-notch O&M and consulting services to the oil and gas industry.

Major actors in the oil and gas sector, including both public and private sector companies, are served by the company. Project management consulting (PMC), operations and maintenance of small-scale LNG and CNG facilities, operations and maintenance of CGD networks, and project execution for CGD infrastructure are among the services they offer.

There are 140 workers working at Positron Energy Limited, all of them are based at different project locations around India.

Strengths

1. Positron Energy Limited provides end-to-end gas distribution solutions.
2. The company demonstrates substantial expertise in the sector.
3. The ISO 9001:2015 and ISO 45001:2018 certifications highlight the company's commitment to quality and safety.
4. Serving major players in both the public and private sectors enhances the company's reputation and provides a solid client base.

Risks

1. Managing complex gas distribution networks and infrastructure projects involves significant operational risks.
2. The presence of numerous competitors in the oil and gas advisory and O&M market may lead to price wars and reduced profit margins.
3. Changes in government policies, environmental regulations, and compliance requirements could pose challenges.
4. A substantial portion of revenue from a few major clients could be risky if any of these clients decide to switch to competitors.

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FAQs

Positron Energy IPO opens from 12th August to 14th August 2024.

The size of Positron Energy IPO is ₹51.21 Cr.

The price of Positron Energy IPO is fixed at ₹238 to ₹250 per share. 

To apply for Positron Energy IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Positron Energy IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Positron Energy IPO is 600 shares and the investment required is ₹1,50,000.

The share allotment date of Positron Energy IPO is 16th August 2024

The Positron Energy IPO will be listed on 20th August 2024.

Beeline Capital Advisors Pvt Ltd is the book-running lead manager for Positron Energy IPO.

Positron Energy plans to utilize the raised capital from the IPO for:

a. To Meet Working Capital Requirements
b. General Corporate Purposes