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.

Positron Energy, a Book Built Issue amounting to ₹51.21 crores, consisting entirely a Fresh Issue of 20.48 Lakh Shares. The subscription period for the Positron Energy IPO opens on August 12, 2024, and closes on August 14, 2024. The allotment is expected to be finalized on or about Friday August 16, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday August 20, 2024.

The Share price band of Positron Energy IPO is set at ₹238 to ₹250 equity per share, with a minimum lot size of 600 shares. Retail investors are required to invest a minimum of ₹150,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,200 shares), amounting to ₹300,000.

BEELINE CAPITAL ADVISORS PRIVATE LIMITED is the book-running lead manager, LINK INTIME INDIA PRIVATE LIMITED is the registrar for the Issue. Spread X Securities Private Limited will act as Market Maker for the Positron Energy IPO.

Positron Energy Limited IPO GMP Today
The Grey Market Premium of Positron Energy Limited IPO is expected in the range of ₹140 to ₹150 based on the financial performance and Subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Positron Energy Limited IPO Allotment Status
Positron Energy IPO allotment date is 16 August, 2024, Friday. Positron Energy IPO Allotment will be out on 16th August 2024 and will be live on Registrar Website from the allotment date. Check Positron Energy Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Positron Energy Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Positron Energy Limited IPO
Positron Energy Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹3,820 Lakhs is required for to Meet Working Capital Requirements
2. General Corporate Purposes and to meet issue expenses

Refer to Positron Energy Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Positron Energy Limited IPO, Aesthetik Engineers Limited IPO, Unicommerce eSolutions Limited IPO, Brainbees Solutions (Firstcry) Limited IPO.

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About Positron Energy Limited

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. They have successfully developed a Gas aggregation business volume of 35 MMSCM (approx), especially Natural Gas. Their technical qualifications and empanelment with most industrial customers attest to their 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. 

The quality certification is towards providing consultancy services, O&M services to the Oil & Gas sector. They have in-house capabilities to deliver a project from conceptualization to completion with fast turnaround time from acquisition to launch to completion, which focuses on derisking and improving return on investment. Their core competence lies in professional management and attracting and retaining talent to maximize value creation. Since incorporation, they have provided services to major companies which are engaged in the Oil & Gas Sector, including both PSUs and private companies. The Company has demonstrated a prominent presence in the Oil and Gas Sector and has developed significant expertise and competencies in this field. The Company aims to leverage its strength and continue expansion into the Oil and Gas sector lead our company to desired growth trajectory.

In addition to their operational endeavours, their business is secured with the Indian Gas Exchange (IGX) through its clearing member. This client membership enables us to source natural gas on-demand for their short-term requirements from the free market, where prices are determined through a transparent exchange mechanism. Moreover, it also provides flexibility to offload excess Gas if necessary. As at March 31, 2024, our portfolio includes a substantial daily volume of 4000-5000 MMBTU of gas from various sources. They engage in long-term contracts linked with formulas, determined through mutual discussions with their customers.

The Company has entered into collaboration agreement with ICOM North America LLC (New Hudson, MI) for installation of ICOM Dual Fuel LNG conversion systems in on-road trucks weighing over 3.5 tons in India. The new system will result in reduction in emissions with the utilization of LNG contributing to environmental sustainability. The dual-fuel system allows for cost-effective operation with the flexibility of fuel ratios. The product has undergone thorough testing under Indian operating conditions, ensuring optimal performance and reliability. They are currently in the process of obtaining technical approvals from the Automotive Research Association of India (ARAI).

OIL AND GAS INDUSTRY: INDIAN PERSPECTIVE
The oil and gas sector is among the eight core industries in India and plays a major role in influencing the decision-making for all the other important sections of the economy. 

India’s economic growth is closely related to its energy demand, therefore, the need for oil and gas is projected to increase, thereby making the sector quite conducive for investment. India retained its spot as the third-largest consumer of oil in the world as of 2022.

The Government has adopted several policies to fulfil the increasing demand. It has allowed 100% foreign direct investment (FDI) in many segments of the sector, including natural gas, petroleum products and refineries, among others. The FDI limit for public sector refining projects has been raised to 49% without any disinvestment or dilution of domestic equity in existing PSUs. Today, it attracts both domestic and foreign investment, as attested by the presence of companies such as Reliance Industries Ltd (RIL) and Cairn India. The industry is expected to attract US$ 25 billion investment in exploration and production by 2022. India is already a refining hub with 23 refineries, and expansion is planned for tapping foreign investment in export-oriented infrastructure, including product pipelines and export terminals.

Rapid economic growth is leading to greater outputs, which in turn is increasing the demand of oil for production and transportation. Crude oil consumption is expected to grow at a CAGR of 5.14% to 500 million tonnes by FY40 from 202.7 million tonnes in FY22. In terms of barrels, India’s oil consumption is forecast to rise from 4.05 MBPD in FY22 to 7.2 MBPD in 2030 and 9.2 MBPD in 2050. Diesel demand in India is expected to double to 163 MT by 2029-30, with diesel and petrol covering 58% of India’s oil demand by 2045. Demand is not likely to simmer down anytime soon, given strong economic growth and rising urbanisation. 

Indian refiners would add 56 million tonnes per annum (MTPA) by 2028 to increase domestic capacity to 310 MTPA. 

India is planning to double its oil refining capacity to 450-500 million tonnes by 2030. 

Energy demand of India is anticipated to grow faster than energy demand of all major economies globally on the back of continuous robust economic growth. Moreover, the country’s share in global primary energy consumption is projected to increase to two-fold by 2035.

Natural Gas Industry
As per recent GOI declarations, in India the share of natural gas in energy basket is 6.7%. The Government has set a target to raise the share of natural gas in energy mix to 15% in 2030. Various steps have been taken by the Government in this direction. These, inter-alia, include expansion of National Gas Grid (24,623 kms operational and 10,860 km under construction), expansion of City Gas Distribution (CGD) network (300 Geographical Areas (GAs) with Minimum Work Plan of approx. 12.50 crore PNG connections, 17,751 CNG Stations and 5.42 lakh inch-km pipeline by 2023) and setting up of Liquefied Natural Gas (LNG) Terminals (current 47.7 MMTPA capacity to 66.7 MMTPA),etc. As regards increase in production of Natural Gas, there has been approx 20% increase in natural gas production from 28.7 billion cubic meters (BCM) in 2020-21 to 34.45 BCM in 2022-23. For increasing domestic gas production, Government has notified Hydrocarbon Exploration and Licensing Policy (HELP) on 30th March 2016. Government further notified policy reforms on 28th February 2019 with concessional royalty/royalty holiday provisions, relaxed approvals, reduced revenue share from Category II & III type of basins for early monetization of fields along with Marketing and Pricing freedom for natural gas.

POSITRON ENERGY LIMITED STRENGTHS 
1. Customized Solutions and Services
2. Adaptability to Changing Gas Pricing Landscape
3. Embracing Government Reforms
4. Diversified Portfolio for Future Growth
5. Experienced Leadership and Execution Team

POSITRON ENERGY LIMITED STRATEGIES
1. Continued focus on maintaining high quality standards in their Consulting Services for oil and gas companies and expanding this segment of their business.
2. Developing new applications to meet the market demand
3. Expanding Market Access
4. Overcoming Regulatory and Market Challenges Strategy
5. Optimizing underutilized pipeline infrastructure strategy
6. Reform Driven Growth Strategy
7. Adapting to the changing natural gas pricing landscape strategy
8. Expanding the business in the industrial & commercial sector for natural gas.
9. Re-Alignment of Old Gas Contracts

POSITRON ENERGY LIMITED RISK FACTORS & CONCERNS
1. The Company is dependent on a few numbers of customers for sales.
2. They have executed Gas Sales Agreements (GSAs) with their Suppliers.
3. They are dependent on third parties for transportation of natural gas.
4. Company is obtaining approximately 80% of its total supplies of natural gas from two major private suppliers of the Country.
5. They are dependent on Government policies.
6. Prices of alternate fuel changes frequently.