Positron Energy has revealed that it will be listing its Initial Public Offering
Positron Energy IPO: Positron Energy has revealed that it will be listing its IPO on the 12 of August 2024 and will be closing on the 14 of August 2024. It is one of the leading firm that offers technical consultancy services as well as management in the Indian oil and gas industry. Of fresh issue, 20,48,400 shares amounting to INR 51.21 crore are offered in the Initial Public Offering. The price range is ₹238 – ₹250 per share and the lot size is 600 shares.
Company Overview
Positron Energy Limited was established in 2008 and is proficient in offering specialized technical consultancy and management services supporting the Indian oil and gas industry. Apart from consulting, project development and construction management services, and operation and maintenance (O&M) services, they also provide complete gas distribution solutions.
In India, the company has entered the market with a gas aggregation company through common carrier pipeline networks and a natural gas-oriented company. It is compliant with ISO 9001:2015 and ISO 45001:2018, thus making it in a position to offer O&M and consulting services to the oil and gas industry.
Details on IPO Date and Price Band
| IPO Open: | August 12, 2024 |
| IPO Close: | August 14, 2024 |
| IPO Size: | Approx ₹51.21 Crores (20,48,400 Equity Shares) |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹238 to ₹250 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
IPO Objective
Through the IPO, funds will be sought for working capital and other corporate purposes that are required for its continued operation and maintenance, new projects, acquisitions, or expansions, which will improve upon its current position and efficiency in the oil and gas sector.
Market Lot Information on Positron Energy Limited IPO
The lot size and corresponding amounts are as follows:
- Retail Minimum: 1 lot (600 shares) for INR 1,50,000
- Retail Maximum: 1 lot (600 shares) for INR 1,50,000
- S-HNI Minimum: 2 lots (1200 shares) for INR 3,00,000
Allotment Dates for Positron Energy Limited IPO
The Positron Energy IPO date is August 12 and the IPO close date is August 14. The IPO allotment date is August 16 and the IPO might list on August 20.
| IPO Open Date: | August 12, 2024 |
| IPO Close Date: | August 14, 2024 |
| Basis of Allotment: | August 16, 2024 |
| Refunds: | August 19, 2024 |
| Credit to Demat Account: | August 19, 2024 |
| IPO Listing Date: | August 20, 2024 |
Application Process of IPO
The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for the Positron Energy IPO. On the other hand, the IPO forms are also available for download on the NSE websites which the candidates can fill and submit.
Financial Analysis of Company
| Year | Revenue (Crore) | Expense (Crore) | PAT (Crore) |
| 2021 | ₹3.54 | ₹3.38 | ₹0.23 |
| 2022 | ₹8.97 | ₹8.18 | ₹0.58 |
| 2023 | ₹52.03 | ₹49.16 | ₹2.13 |
From the financial analysis of Positron Energy Limited, it is clearly evident that the company has experienced remarkable financial growth in the last three years. According to the company’s data, in 2021, the company’s revenue was INR 3.54 crore, with expenses at INR 3.38 crore, while the PAT (profit after tax) was INR 0.23 crore. It has been reported that, by 2022, the revenue has grown to INR 8.97 crore and expenditure was raised to INR 8.18 crore, while it has registered a PAT of INR0.58 crore. The most drastic increase was observed in the year 2023, with a revenue of INR 52.03 crore and expenses of INR 49.16 crore. This increases the company’s operation and its profitability as a result, which makes it more appealing to investors.
IPO Valuation
The firm announced the IPO issues, which will commence on August 12, 2024, and will be closed on August 14, 2024. With the aim of raising INR 51.21 crore by issuing 20,48,400 equity shares with a face value of INR 10 and a band range of INR 238 to INR 250 per share.
According to the company’s financials, it has an earnings per share (EPS) of INR 3.83 with a return, a net asset value of INR 10.21 per share and a net worth (RoNW) of 37.54%. The IPO will be listed on the NSE SME platform.
| Earnings Per Share (EPS): | ₹3.83 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 37.54% |
| Net Asset Value (NAV): | ₹10.21 per Equity Share |
Competitor Analysis
Resonance Energy Private Limited
Resonance Energy Private Limited is a consultancy firm that was set up in 2008 and provides consultancy services exclusively in the energy sector, with specific reference to the oil, gas, and power sectors. The services provided encompass market research, project consultancy and advisory services, together with strategic planning for its clients, all in compliance with international standards of acceptable quality. Comprising highly skilled and innovative personnel, Resonance Energy is dedicated to creating a safe working environment, as well as implementing cost-efficient measures for the projects’ timely deliveries. The firm strives to encourage employee and stakeholder participation in the achievement of the set goals in energy sustainability.
Petroleum Development Consultants
Petroleum Development Consultants (PDC) was founded in 1988 as an independent consulting company focused on oil and gas development. In terms of the upstream and downstream segments, the company offers integrated subsurface investigations as well as compliance options. PDC is well established in providing advisory services for international oil companies, governments, and financial institutions in more than 70 countries across the globe. Its team consists of engineers and economists that apply high-end software and sophisticated methods to assist clients in increasing throughput, reducing cost, and managing risks associated with the unpredictable energy markets.
As Positron Energy Limited gears up for its highly anticipated IPO on August 12, 2024, the excitement within the investment community is palpable. This IPO is not just a significant milestone for the company but also a testament to its robust growth trajectory and its pivotal role in the Indian oil and gas industry. With a price band set at ₹238 to ₹250 per share, and an aim to raise INR 51.21 crore, Positron Energy is poised to make substantial strides in expanding its operations, enhancing its consultancy and management services, and pursuing new projects and acquisitions.
The firm’s financials paint a picture of a company on the rise, with revenues climbing from ₹3.54 crore in 2021 to ₹52.03 crore in 2023. This remarkable growth in revenue, coupled with careful cost management and an impressive PAT increase, highlights Positron Energy’s operational success and its potential for future profitability. The company’s strategic focus on providing comprehensive gas distribution solutions and maintaining high standards of operation, as evidenced by its ISO certifications, further solidify its position as a leader in the sector.
Investors considering this IPO will find Positron Energy’s consistent financial performance, strategic market positioning, and the forthcoming expansion plans particularly appealing. The company’s commitment to innovation and excellence, along with its competitive edge against firms like Resonance Energy Private Limited and Petroleum Development Consultants, positions it favorably in the market.
In summary, Positron Energy Limited’s IPO presents a compelling opportunity for investors looking to participate in the growth of a dynamic company at the forefront of the oil and gas industry in India. With its strong financial foundation, clear strategic direction, and commitment to safety and quality, Positron Energy is well-equipped to navigate the complexities of the market and drive sustained growth. This IPO is a gateway for investors to align with a company that is not only enhancing its operational efficiencies but is also carving a sustainable path forward in the energy sector.
