Positron Energy gets NSE approval to launch SME IPO
Business: Business, Upcoming IPO: The National Stock Exchange (NSE) has given its approval to the Draft Red Herring Prospectus (DRHP) of Positron Energy Limited, marking a significant moment in the company’s journey as it paves the way for its initial public offering (IPO). Positron Energy Limited had submitted the required documents to the exchange to launch its SME IPO on the NSE SME Emerge platform. The company is now set to issue 22,00,000 shares with a face value of ₹10 in the upcoming IPO. As per the DRHP filed by Positron Energy Limited with NSE, the upcoming IPO in SME will be a completely fresh issue with the net proceeds going into the company’s balance sheet. Beeline Capital Advisors Limited has been appointed as the Book Running Lead Manager, while Link Intime India Private Limited has been named as the official registrar of the upcoming SME IPO.Positron Energy Limited has demonstrated strong financial growth in recent years,
which is a promising sign for potential investors. Revenue grew from ₹341.00 lakh in FY21 to ₹8,000.34 lakh by November 2023. Profit margins have improved, with gross profit margin at 14.68 percent and EBITDA margin at 8.74 percent. Return metrics such as ROE and ROCE have also been impressive, highlighting efficient capital utilization. The company’s strong operating cash flow underscores its financial health and ability to sustain growth in the competitive oil and gas sector.
With a proven track record of success, Positron Energy Limited is a trusted partner for both public sector undertakings (PSUs) and private companies in the oil and gas sector. It has successfully built a significant natural gas gathering business with a total volume of around 35 MMSCM. The company has secured contracts with the Indian Gas Exchange (IGX), enhancing its ability to source and distribute natural gas in a transparent manner. Positron Energy Limited also collaborates with ICOM North America LLC to introduce dual-fuel LNG conversion systems in India. This initiative is a testimony to the company’s commitment to reducing emissions in transportation and promoting environmental sustainability. Positron Energy Limited specializes in end-to-end gas distribution solutions across India. It provides management consulting services including commercial and financial advice, technical project management and O&M services in the gas sector. The company holds ISO 9001:2015 and ISO 45001:2018 certifications, ensuring high-quality consulting and O&M services in the oil and gas industry. Upcoming IPO: The National Stock Exchange (NSE) has given its approval to the Draft Red Herring Prospectus (DRHP) of Positron Energy Limited, marking a significant moment in the company’s journey as it paves the way for its initial public offering (IPO). Positron Energy Limited had submitted the required documents to the exchange to launch its SME IPO on the NSE SME Emerge platform.
The company is now set to issue 22,00,000 shares with a face value of ₹10 in the upcoming IPO.As per the DRHP filed by Positron Energy Limited with the NSE, the upcoming IPO in SME will be a completely fresh issue with the net proceeds going into the company’s balance sheet. Beeline Capital Advisors Limited has been appointed as the Book Running Lead Manager, while Link Intime India Private Limited has been named as the official registrar of the upcoming SME IPO. Evaluation of the Upcoming IPO Positron Energy Limited has demonstrated strong financial growth in recent years, which is a promising sign for potential investors. Revenue grew from ₹341.00 lakh in FY21 to ₹8,000.34 lakh by November 2023. Profit margins have improved, with gross profit margin at 14.68 percent and EBITDA margin at 8.74 percent. Return metrics such as ROE and ROCE have also been impressive, highlighting efficient capital utilization. The company’s strong operating cash flow underlines its financial health and ability to sustain growth in the competitive oil and gas sector. With a proven track record of success, Positron Energy Limited is a trusted partner for both Public Sector Undertakings (PSUs) and private companies in the oil and gas sector. It has successfully built a significant natural gas aggregation business with a total volume of approximately 35 MMSCM. The company has secured contracts with the Indian Gas Exchange (IGX), enhancing its ability to source and distribute natural gas in a transparent manner. Positron Energy Limited also collaborates with ICOM North America LLC to introduce dual-fuel LNG conversion systems in India. This initiative is a testimony to the company’s commitment to reducing emissions in transportation and promoting environmental sustainability. Positron Energy Limited is engaged in end-to-end gas distribution solutions across India.
