The National Stock Exchange (NSE) has approved the Draft Red Herring Prospectus (DRHP) of Positron Energy Limited, moving the company closer to launching its initial public offering (IPO). Positron Energy Limited had submitted the necessary documents to the exchange to start its SME IPO on the NSE SME Emerge Platform. The company plans to issue up to 22,00,000 shares, each with a face value of ₹10, in this upcoming IPO.
Details of the IPO
According to the DRHP filed by Positron Energy Limited with the NSE, the IPO will be a completely new issue, with the proceeds going directly into the company’s balance sheet. Beeline Capital Advisors Limited will manage the IPO as the book running lead managers, while Link Intime India Private Limited will act as the official registrar.
Financial Performance and Valuation
Positron Energy Limited has shown strong financial growth in recent years, which is promising for potential investors. Revenue increased from ₹341.00 lakhs in FY 2021 to ₹8,000.34 lakhs by November 2023. Profit margins have improved, with gross profit margins at 14.68 percent and EBITDA margins at 8.74 percent. Return metrics like ROE and ROCE are also impressive, highlighting efficient capital use. The company’s strong operating cash flows indicate its financial health and ability to sustain growth in the competitive Oil and Gas sector.
Business and Partnerships
Positron Energy Limited is a trusted partner for both Public Sector Undertakings (PSUs) and private companies in the Oil and Gas sector. The company has built a significant Natural Gas aggregation business volume, totaling about 35 MMSCM.
The company has contracts with the Indian Gas Exchange (IGX), which enhances its ability to source and distribute Natural Gas transparently. Positron Energy Limited also works with ICOM North America LLC to bring Dual-Fuel LNG conversion systems to India. This initiative shows the company’s commitment to reducing emissions and promoting environmental sustainability in transportation.
Services and Certifications
Positron Energy Limited offers end-to-end Gas distribution solutions across India. It provides Management Consultancy Services, including commercial and financial advisory, 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 consultancy and O&M services in the Oil and Gas industry.
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