Positron Energy IPO Review

Positron Energy is engaged in Management & Technical Advisory Services of Oil and Gas Industry. They provide end to end solutions for Gas distribution to the Industries across India. They 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.

The Company was started by the Promoters Mr. Rajiv Menon, Mr. Manav Bahri and Mr. Sujit K Sugathan, who have combined experience of more than 45 years in the Gas and Oil Industry.

Financially, Positron Energy revenue jumped from ₹896.85 Lakhs in FY22 to ₹5,202.61 Lakhs in FY23 and currently increased at ₹13,541.76 Lakhs in FY24. Similarly, EBITDA also increased from ₹88.97 Lakhs in FY22 to ₹299.74 Lakhs in in FY23 and currently increased at ₹1,204.27 Lakhs in FY24. The PAT also increased from ₹57.98 Lakhs in FY22 to ₹212.80 Lakhs in FY23 and currently increased at ₹878.78 Lakhs in FY24. This indicates a steady financial performance.

For the Positron Energy IPO, the company is issuing shares at a pre-issue EPS of ₹15.83 and a post-issue EPS of ₹11.56. The pre-issue P/E ratio is 15.79x, while the post-issue P/E ratio is 21.62x. The company's ROCE for FY24 is 61.55% and ROE for FY24 is 85.48%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Positron Energy indicates potential listing gains of 50% to 60%. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply in Positron Energy IPO for Listing gain purposes or Long Term Investment Purposes.