Positron Energy Limited is launching an IPO with a fresh issue of 20,48,400 shares worth INR 51.21 crores. The company aims to meet working capital requirements and general corporate purposes.
Positron Energy IPO – Important Dates
| Positron Energy Limited IPO Date | August 12, 2024 to August 14, 2024 |
| Positron Energy Limited IPO Listing Date | August 20, 2024 |
| Positron Energy Limited IPO Price | INR 238-250 per share |
| Positron Energy Limited IPO Lot Size | 600 Shares |
| Positron Energy Limited IPO Total Issue Size | INR 51.21 crores |
| Positron Energy Limited IPO Basis of Allotment | August 16, 2024 |
| Positron Energy Limited IPO Initiation of Refunds | August 19, 2024 |
| Positron Energy Limited IPO Credit of Shares to Demat | August 19, 2024 |
| Positron Energy Limited IPO Issue Type | Book Built Issue IPO |
| Positron Energy Limited IPO Listing At | NSE SME |
Positron Energy Limited IPO – Company Profile
Positron Energy Limited offers comprehensive Management and technical Advisory Services for the Oil and Gas sector in India, including commercial, financial, and technical support. It utilizes common carrier pipelines and has a 35 MMSCM gas aggregation volume.
Offering consultancy and O&M services in the Oil and gas sector, this firm excels in project management from concept to completion. It emphasizes risk reduction and investment returns while leveraging expertise and talent to drive growth.
Secured with the Indian Gas Exchange, the company sources natural gas on-demand and offloads excess as needed. Managing a daily portfolio of 4000-5000 MMBTU, it provides consistent, quality-focused services and aims for continual expansion.
Positron Energy Ltd IPO Fundamental Analysis
Positron Energy Limited Technologies’ financial analysis reveals a mixed performance. Revenue has grown significantly, with increased profitability and EPS. Equity and liabilities have risen, but the debt-equity ratio has improved. The RoNW is higher, while liquidity challenges persist.
- Revenue Trend: The revenue increased from ₹869.04 lakhs in March 2022 to ₹5,142.64 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 13,473.25 lakhs.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹57.98 lakhs in March 2022 to ₹878.78 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹1.04 in March 2022 to ₹15.83 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 16.36% to 59.01%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant increase in the Inventory Turnover Ratio, which might suggest stronger sales or efficient inventory management.
Positron Energy IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 869.04 | 5,142.64 | 13,473.25 |
| Equity (₹ in lakhs) | 354.45 | 566.87 | 1,489.26 |
| Expenses (₹ in lakhs) | 817.99 | 4,915.88 | 12,352.67 |
| Profit and Loss After Tax (₹ in lakhs) | 57.98 | 212.80 | 878.78 |
| Diluted EPS only (₹) | 1.04 | 3.83 | 15.83 |
| Return on Net Worth (%) | 16.36 | 37.54 | 59.01 |
| NAV per Equity Share (₹) | 6.38 | 10.21 | 26.82 |
| Total Assets (in lakhs) | 938.90 | 2,476.25 | 3,789.02 |
| Total Liabilities (in lakhs) | 584.45 | 1,909.38 | 2,299.76 |
| Debt Equity Ratio | 1.04 | 1.31 | 0.69 |
| Current Ratio (in times) | 2.95 | 1.81 | 2.26 |
| Inventory Turnover Ratio | 16.99 | 21.21 | 41.38 |
Positron Energy Limited IPO Peer Comparison
All listed peers of Positron Energy Limited have a comparable business model or scale of operations, making it difficult to benchmark or evaluate financial performance against other companies in the same industry.
Positron Energy Ltd IPO Objective
The main objective of Positron Energy Limited is to meet working capital requirements.
- To Meet Working Capital Requirements: The company intends to utilize INR 38.20 crores from the issue proceeds and the balance from borrowings and internal accruals to meet its increasing net working capital requirements, driven by higher revenue and gas aggregation activities.
- General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including land acquisition, hiring talent, strategic alliances, funding growth, servicing debt, capital expenditures, working capital, and other business and contingency expenses.
Positron Energy IPO Risks And Challenges
Positron Energy Limited’s risk includes increased expenses from litigation, uncertain project funding, potential shortfalls in working capital, and disruptions in natural gas supply, which may adversely affect business operations, financial stability, and performance.
- Outstanding litigation, potential legal changes, or claims could increase their expenses and liabilities. They cannot guarantee favorable outcomes or prevent additional legal actions from affecting their operations, intellectual property, branding, or employee-related issues.
- Increased project sizes, delays, and unfavorable payment terms may raise their working capital needs, causing potential shortfalls. Unpredictable contract awards and changing assumptions could affect capital access, impacting cash flows and financial stability.
- Despite agreements ensuring liquidated damages and quality specifications, there’s no guarantee of uninterrupted, high-quality natural gas supply. Disruptions or purchasing from alternative sources at higher prices may adversely affect the business and financial performance.
Positron Energy Ltd IPO – Industry & Market Potential
India’s oil and gas sector is expanding, with a 4% increase in natural gas production to 17,879 MMSCM and a 12.7% rise in LNG imports to 15,416 MMSCM. LNG terminal capacity is set to reach 66.7 MMTPA.
India’s oil consumption is set to grow significantly, reaching 500 million tonnes by FY40. Diesel demand will double by 2029-30. Refining capacity will expand to 450-500 MTPA by 2030, driven by strong economic growth and urbanization.
The Government of India aims to boost natural gas’s share in the energy mix to 15% by 2030 by expanding the National Gas Grid, City Gas Distribution networks, and LNG terminals and enhancing domestic production.
Positron Energy Limited IPO – Type of Offer
Positron Energy Limited is launching an IPO with a fresh issue of 20,48,400 shares worth INR 51.21 crores. The company aims to meet working capital requirements and general corporate purposes.
Positron Energy IPO Offer Size
The offer size of Positron Energy Limited is INR 51.21 crores, consisting of a fresh issue of 20,48,400 shares. The company seeks funds to meet working capital requirements and general corporate purposes.
Positron Energy Limited IPO Allotment Structure
Positron Energy Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 102,600 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 102,600 shares, are reserved for market makers.
How to apply for Positron Energy IPO?
To apply for the Positron Energy Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Positron Energy Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Positron Energy Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Positron Energy IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Positron Energy Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Positron Energy Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Positron Energy Limited IPO:
● Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the Positron Energy Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Positron Energy Ltd IPO Offer Registrar
The registrar for the Positron Energy Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
LINK INTIME INDIA PRIVATE LIMITED
C- 101, 1st Floor, 247 Park, L.B.S Marg,
Vikhroli (West), Mumbai – 400083,
Maharashtra, India
Telephone: +91 810 811 4949,
Email: [email protected]
Website: www.linkintime.co.in
Positron Energy IPO – FAQs
1. What is the allotment date of the Positron Energy IPO?
The allotment date of the Positron Energy Limited IPO is August 16, 2024.
2. What is the price band of the Positron Energy IPO?
The price band of the issue is INR 238-250 per share.
3. What is the size of the Positron Energy IPO?
The offer size of Positron Energy Limited is INR 51.21 crores, consisting of a fresh issue of 20,48,400 shares. The company seeks funds to meet working capital requirements and general corporate purposes.
4. What is the listing date of the Positron Energy IPO?
The listing date of Positron Energy Limited’s IPO is August 20, 2024.
