IPO Details
Bidding Dates
12 Aug 24 - 14 Aug 24
Price Range ₹
238 - 250
Total Equity
₹ 51.21Cr
Lot Size
600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
12 Aug 2024
Offer end
14 Aug 2024
Allotment
16 Aug 2024
Refund initiation
19 Aug 2024
Demat transfer
19 Aug 2024
Listing
20 Aug 2024
Offer start
12 Aug 2024
Offer end
14 Aug 2024
Allotment
16 Aug 2024
Refund initiation
19 Aug 2024
Demat transfer
19 Aug 2024
Listing
20 Aug 2024
About Company
Incorporated in 2008, Positron Energy Limited provides management and technical advisory services to the oil and gas industry in India. The company offers comprehensive gas distribution solutions, including management consultancy, project management, and operation and maintenance services. Positron Energy has developed a gas aggregation business focusing on natural gas, leveraging common carrier pipeline networks within the Indian market. The company holds ISO 9001:2015 and ISO 45001:2018 certifications, ensuring high-quality consultancy and operations and maintenance services for the oil and gas sector. Positron Energy serves major players in the oil and gas industry, including both public sector companies and private firms. Its services include: - Project Management Consultation (PMC) - Operations and Maintenance of City Gas Distribution (CGD) Networks - Operations and Maintenance of CNG and Small-scale LNG - Execution of Projects for CGD Infrastructure The company employs a total workforce of 140 employees across various project sites in India.
Year Founded
15-02-2008
Promotor Details
Safalta S Gupta
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 98.56 | 72 |
| Share Capital | 5472000 | 5472000 |
Offer to Public
20,48,400.00 Cr
Project Details
- To Meet Working Capital Requirements - 382cr
Objectives
- To Meet Working Capital RequirementsGeneral Corporate Purposes
Highlights
- Positron Energy's ISO 9001:2015 and ISO 45001:2018 certifications highlight its dedication to maintaining high standards in quality management and occupational health and safety.
- The partnership with ICOM North America LLC focuses on implementing LNG conversion systems, showcasing Positron Energy's commitment to reducing emissions and enhancing sustainability in the transportation sector.
- The 'Gas on Wheels' initiative addresses the challenges of monetizing isolated gas fields and provides a practical solution for industries in remote locations without pipeline infrastructure, broadening the company's market reach.
- Positron Energy has achieved consistent revenue growth, with substantial increases in both revenue and profit after tax over the past three fiscal years, demonstrating strong financial performance and business expansion.
- Membership with the Indian Gas Exchange (IGX) enables Positron Energy to access natural gas on-demand at competitive prices, providing flexibility and cost-effectiveness in its operations.
Challenges
- Ongoing legal proceedings pose a risk to the company, as any adverse judgments could disrupt operations and impact financial performance.
- A substantial portion of the company's sales comes from its top 10 customers, making Positron Energy vulnerable to revenue and profitability impacts if it loses key clients or faces reduced business from them.
- The company's reliance on external providers for a steady supply of natural gas means any supply chain disruptions could harm its ability to operate effectively and meet distribution demands.
- Past negative cash flow from operating activities highlights potential financial instability. If this trend continues, it could adversely affect the company's operational capabilities and financial health.
- Positron Energy's indebtedness of Rs 7.62 crore poses a financial burden. Any inability to service or repay these loans could lead to operational challenges and hinder business growth.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 938.90 | 34.70 | 212.80 | 212.80 | 3.8329 |
| 2023 | 2,476.25 | 34.70 | 22.84 | 22.84 | 0.4114 |
| 2021 | 612.30 | 34.70 | 57.98 | 57.98 | 1.0443 |
