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Positron Energy IPO
Price Band
₹238.0–250.0
Issue Size
₹51.21 Cr
Lot Size
600 shares
Min Investment
₹150,000
GMP
+₹285.0 (114.0%)
Issue Price
₹250.0
Subject to Sauda
₹130000
Paid only if allotted
Positron Energy IPO AI Summary
- Positron Energy IPO is listed on NSE SME in the Diversified Commercial Services sector.
- Price band: ₹238.0–₹250.0 per share, lot size 600 shares (min. investment ₹150,000).
- Subscription window: 12 Aug–14 Aug 2024, listing on 20 Aug 2024.
- Current GMP is +₹285.0 (114.0%), an estimated listing price of ₹535 — unofficial and can change daily.
Positron Energy Limited is an SME IPO focused on providing management and technical advisory services in the oil and gas sector. The company has demonstrated significant growth in both revenue and profitability over the past few years. With a strong focus on gas distribution solutions and a robust certification framework, it aims to leverage its expertise in the market.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Positron Energy IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 Aug 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Positron Energy IPO Grey Market Premium (GMP) Today
GMP
+₹285.0
GMP %
+114.0%
Est. Listing
₹535.0
Updated: 25 Jul 2026 14:04
About the Company
Incorporated in 2008, Positron Energy Limited provides management and technical advisory for the oil and gas industry in India. They offer end-to-end gas distribution solutions, including management consultancy, project management, and operation and management services. The company has developed a gas aggregation business focusing on natural gas and utilizes common carrier pipeline networks in the Indian market. The company is certified according to ISO 9001:2015 and ISO 45001:2018 standards. This certification ensures the quality of consultancy and O&M services provided to the oil and gas sector. The company serves major oil and gas sector players, including both public sector companies and private firms. The services of the company include the following Project Management Consultation (PMC), Operations and Maintenance of CGD (City Gas Distribution) Network, Operations and Maintenance of CNG and Small-scale LNG, Execution Projects for CGD Infrastructure etc. The company has a total workforce of 140 employees at various project sites across India.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 37.89 | 24.76 | 9.39 |
| Total Income | 135.42 | 52.03 | 8.97 |
| Profit After Tax | 8.79 | 2.13 | 0.58 |
| NET Worth | 14.89 | 5.67 | 3.54 |
| Reserves and Surplus | 9.34 | 5.32 | 3.20 |
| Total Borrowing | 10.28 | 7.42 | 3.68 |
Key Ratios
EPS
₹15.83
NAV
₹26.82
ROE
85.48%
ROCE
61.55%
RoNW
59.01%
P/B Value
9.32
P/E Ratio
15.79
Market Cap
₹190.01 Cr
PAT Margin
6.52%
Debt/Equity
0.69
Promoters
Rajiv Shankarankutty Menon, Manav Bahri and Sujit K Sugathan
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To Meet Working Capital Requirements 38.20 2 General Corporate Purposes 8.62
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹8.97 Cr in 31 Mar 2022, rising to ₹52.03 Cr by 31 Mar 2023, and further increasing to ₹135.42 Cr by 31 Mar 2024. This shows a significant growth trend in revenue over the three periods.
Profit Trend
Profit After Tax was ₹0.58 Cr in 31 Mar 2022, increasing to ₹2.13 Cr by 31 Mar 2023, and further rising to ₹8.79 Cr by 31 Mar 2024. This indicates a strong upward trend in profitability across the periods.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium at which an IPO is likely to list compared to its issue price. A high GMP suggests strong demand for the shares in the grey market, which can indicate positive sentiment among investors.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market position. It's important to consider the company's fundamentals and market conditions before making an investment decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO. Additionally, those not comfortable with the inherent risks of investing in the oil and gas sector should consider other investment options.
IPO Timeline, Explained
The IPO opens for subscription on 12 August 2024 and closes on 14 August 2024. Allotment of shares will be finalized on 16 August 2024, and the shares are expected to be listed on the stock exchange on 20 August 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Positron Energy's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Positron Energy IPO GMP today?
Positron Energy IPO GMP today is +₹285.0 (114.0%), indicating an estimated listing price of ₹535. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Positron Energy IPO?
The price band of Positron Energy IPO is ₹238.0–₹250.0 per share.
When does Positron Energy IPO open and close?
Positron Energy IPO opens on 12 August 2024 and closes on 14 August 2024.
When does Positron Energy IPO list on the stock exchange?
Positron Energy IPO listed on 20 August 2024 at ₹535.0.
What is the lot size for Positron Energy IPO?
The lot size for Positron Energy IPO is 600 shares, requiring a minimum investment of ₹150,000.
What is the lot size for this IPO?
The lot size for this IPO is 600 shares.
What is the minimum investment required?
The minimum investment required is ₹150,000.
What is the price band for the IPO?
The price band for the IPO is ₹238 to ₹250.
When does the IPO open and close?
The IPO opens on 12 August 2024 and closes on 14 August 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares are likely to list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Aug 2024
Close
14 Aug 2024
Allotment
16 Aug 2024
Listing
20 Aug 2024
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