Positron Energy IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Positron Energy listing Review
On 20 August 2024, the scrip is listed at Rs. 475, at listing cap of 90%. The listing has been below the expectations of the grey market mainly due to listing cap.
Positron Energy IPO allotment Link
What was the last grey market premium of Positron Energy IPO?
Premium Rs. 285
Subscription status of Positron Energy IPO
Positron Energy IPO (Closed)Price Rs. 250 Lot 600 shares, Rs. 51.21 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 231.41 | 805.84 | 351.90 | 414.86 | 3,99755 (351.90x) |
| Amount wise bids recd. Rs. 21244.98 Crore | ||||
| Note: | ||||
What is the business of Positron Energy?
Positron Energy specializes in comprehensive Management and Technical Advisory Services for the Oil and Gas industry across India. Its end-to-end solutions include everything from gas distribution to project management and operational support. It offers expert Management Consultancy Services, which cover commercial and financial advisory as well as technical services, including Project Management and Operation and Maintenance (O&M) Services, specifically tailored for the gas sector.
It has successfully built a significant gas aggregation business, handling approximately 35 MMSCM of natural gas. Its technical qualifications and extensive experience with a wide range of industrial customers underscore its reliability and expertise. Additionally, natural gas distribution is efficiently managed through a network of common carrier pipelines operated by major public and private sector entities in India.
The company holds ISO 9001:2015 and ISO 45001:2018 certifications, affirming its commitment to high-quality consultancy and O&M services within the Oil & Gas sector. It excels in managing projects from conceptualization to completion, focusing on de-risking and enhancing return on investment. Its core strengths include professional management and the ability to attract and retain top talent, which drives value creation.
Since its inception, it has served major Oil & Gas companies, including both public sector undertakings (PSUs) and private enterprises. Its significant presence and expertise in the sector reflect its ongoing commitment to growth and excellence. It aims to leverage our strengths to further expand and achieve its strategic goals.
Furthermore, the business benefits from a secure client membership with the Indian Gas Exchange (IGX), allowing us to source natural gas on-demand from the free market. This membership facilitates transparent pricing and offers flexibility for managing excess gas. Its current portfolio includes a daily volume of 4000-5000 MMBTU sourced from various channels, supported by long-term contracts based on mutually agreed formulas.
In addition, it has partnered with ICOM North America LLC (New Hudson, MI) to install ICOM Dual Fuel LNG conversion systems in on-road trucks over 3.5 tons in India. This new system significantly reduces emissions and supports environmental sustainability through the use of LNG. The dual-fuel technology is cost-effective and adaptable to various fuel ratios. After extensive testing in Indian conditions, the system is poised for further technical approvals from the Automotive Research Association of India (ARAI).
Get more information about the company @ www.picturepoststudio.com
Positron Energy IPO Details |
|
| IPO opens on | 12 August 2024 |
| IPO closes on | 14 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2048400 Shares / Rs 51.21 Crore |
| * Fresh Issue | 2048400 Shares / Rs 51.21 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 102600 Shares |
| Net offer to Public | 1945800 Shares/ Rs.48.65 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.238-250 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 972900 | 24.32 |
| NII (50%) | 291900 | 7.30 |
| RII (50%) | 681000 | 17.03 |
| Total Shares | 1945800 | 48.65 |
| Retail portion will be oversubscribed by | 1135 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 600 Shares | Rs.150000 |
| Min HNI Application | 1200 Shares | Rs.300000 |
Who are the Promoters of Positron Energy IPO?
The promoters of the company are Mr. Rajiv Shankarankutty Menon, Mr. Manav Bahri and Mr. Sujit K Sugathan.
What are the Objects of Positron Energy IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
- To Meet Working Capital Requirements
- General Corporate Purposes
.
Tentative timetable |
|
| IPO opens on | 12 August 2024 |
| IPO Closes on | 14 August 2024 |
| IPO Allotment on | 16 August 2024 |
| Refund Initiation | 19 August 2024 |
| Credit of Shares | 19 August 2024 |
| Listing on | 20 August 2024 |
| Registered Office of the Company Positron Energy Limited Office No. 3, IT Tower-2, Ground Floor Infocity, Sector-7, Gandhinagar-382007 |
| Who is the Lead Manager of this IPO? Beeline Capital Advisors pvt. Limited |
| Who is the Registrar to IPO? Link Intime India Pvt Ltd |
Positron Energy IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Positron EnergyIPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 8.69 | 0.58 | 1.04 | 16.36 |
| 2022-23 | 51.43 | 2.13 | 3.83 | 37.54 |
| 2023-24 | 134.73 | 8.79 | 15.83 | 59.01 |
| Book Value of the Share on 31.03.2024 |
Rs | 26.82 | ||
| BV of the Share at cap price after ipo |
Rs. | 86.97 | ||
| Offer Price/upper band | Rs. | 250 | ||
IPO
|
|
| Price/EPS of 23-24 | 15.79 |
| Price/BV Ratio | 9.32 |
| Price/BV after IPO | 2.87 |
How Positron Energy IPO compares with the Peers?
There is no listed company having similar line of business.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Positron Energy IPO Review
Positron Energy specializes in comprehensive Management and Technical Advisory Services for the Oil and Gas industry across India. Its end-to-end solutions include everything from gas distribution to project management and operational support. It offers expert Management Consultancy Services, which cover commercial and financial advisory as well as technical services, including Project Management and Operation and Maintenance (O&M) Services, specifically tailored for the gas sector.
It has successfully built a significant gas aggregation business, handling approximately 35 MMSCM of natural gas.
Size: Net size of the IPO is Rs.48.65 crore, comprising of 1945800 shares. Once you deduct Anchor portion from the IPO, the size turnout to be not very large. Huge oversubscription is not ruled out.
Financial Snapshot: The company has shown sharp rise in its topline and net profit also shows gradual recovery. The business of the company is somewhat novel and appears to have bright future. This IPO also may garner bumper subsciptions. Market meltdown poses some risk to this IPO
+ from fundamental angle: Apply
+ from grey market angle: ?
Quicklinks
Positron Energy IPO GMP today allotment, review?
Positron Energy IPO GMP grey market premium
Positron Energy IPO FAQs
What is Positron Energy IPO?
This is a SME IPO of 2048500 equity shares of the face value of Rs. 10 aggregating up to Rs.51.21 Crores. The issue is priced at Rs.238-250 per share. The minimum order quantity is 600 Shares.
When will Positron Energy IPO subscription open?
Positron Energy IPO opens on August 12, 2024, and closes on August 14, 2024.
What is the lot size of Positron IPO?
Positron IPO lot size is 600 Shares, and the minimum amount required is Rs.150000
How to apply for Positron IPO?
You can apply in Positron IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Positron IPO allotment?
The finalization of Basis of Allotment for Positron IPO will be done on August 16, 2024, and the allotted shares will be credited to your demat account by August 19, 2024.
When is Picturepost Studios IPO listing date?
Positron IPO listing date is August 20, 2024.
