Positron Energy Ltd

Positron Energy Ltd IPO

IPO Price Range: ₹238 - 250

engaged in Management & Technical Advisory Services of Oil and Gas Industry. We provide end to end solutions for Gas distribution to the Industries across India. We provide Management Consultancy Services like commercial and financial advisory, technical services including Project Management and O&M (Operation and Management) Services, across the Gas Sector in India. We have successfully developed a Gas aggregation business volume of 35 MMSCM (approx), especially Natural Gas. Our technical qualifications and empanelment with most industrial customers attest to our reliability and competence. Moreover, distribution of Natural gas is facilitated through common carrier pipeline networks operated by major public and private sector players in the Indian market.

Min Investment

₹1,50,000

IPO Size

₹51 Cr

IPO Status

Closed

Quantity in 1 Lot

600

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Positron Energy Ltd

Open Date12 Aug 2024
Close Date14 Aug 2024
Allotment Date16 Aug 2024
Listing Date20 Aug 2024

Key Statistics

Bid Opening DateBid Opening Date12 Aug 2024
Bid Closing DateBid Closing Date14 Aug 2024
Allotment DateAllotment Date16 Aug 2024
Issue SizeIssue Size₹51.21Cr
Quantity in 1 lotQuantity in 1 lot600

Strength and risks

Strength

Strength

  • Customized Solutions and Services.

  • Customized Solutions and Services.

  • Embracing Government Reforms.

  • Diversified Portfolio for Future Growth.

  • Experienced Leadership and Execution Team.


Risk

Risk

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • The company may need to raise additional capital in the future for working capital and its may not be able to do so on favourable terms or at all, which would impair its ability to operate the companys business or achieve its growth objectives, which may have an adverse effect on its results of operations and business.

  • The company does not own its registered office.

  • The Company had negative cash flow from operating activity in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

  • The company is dependent on third parties for sourcing natural gas. Any disruption in the receipt of such natural gas from these third parties could lead to a disruption or failure in the supply of natural gas by it, which could adversely affect its business, reputation, results of operations and cash flows.

  • The Company is dependent on a few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

  • The company may be subject to third-party indemnification, liability claims or invocation of guarantees, which may adversely affect its business, cash flows, results of operations and reputation.

  • Its lenders have charge over the company movable and immovable properties in respect of finance availed by it.

  • Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of ICDR.

  • The Company has availed unsecured loans which are repayable on demand. Any demand from lenders for repayment of such unsecured loans, may adversely affect its cash flows.

Promoters Holding

Investors Holdings %
Rajiv Shankarkutty Menon30.84%
Manav Bahri30.84%
Sujit K Sugathan31.83%

About Positron Energy Ltd

OrganisationPositron Energy Ltd
HeadquartersGandhinagar
IndustryGas Distribution

Frequently Asked Questions

  • What is the size of the Positron Energy Ltd IPO?

    The size of the Positron Energy Ltd IPO is ₹51.21Cr .

  • What is 'pre-apply' for Positron Energy Ltd IPO?

    'Pre-apply' for Positron Energy Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Positron Energy Ltd IPO order be placed?

    Your Positron Energy Ltd IPO order will be placed on 12 Aug 2024.

  • What are the open and close dates of the Positron Energy Ltd IPO?

    The open and close dates of the Positron Energy Ltd IPO are 12 Aug 2024 to 14 Aug 2024.

  • What is the lot size and minimum order quantity of the Positron Energy Ltd IPO?

    The lot size and minimum order quantity of the Positron Energy Ltd IPO are 600 and 600 respectively.

  • What would be the listing gains on the Positron Energy Ltd IPO?

    The potential listing gains on the Positron Energy Ltd IPO will depend on various market factors and cannot be predicted with certainty.