PNN
Mumbai (Maharashtra) [India], July 5: The National Stock Exchange (NSE) has approved the draft Red Herring Prospectus (DRHP) of Positron Energy Limited, facilitating the initial public offering (IPO) of the company. Positron Energy Limited had filed necessary documents with the stock exchange to commence its SME IPO on the NSE SME Emerge platform. The company plans to issue up to 22,000,000 shares, each with a face value of Rs 10, in the upcoming initial public offering.
About Positron Energy Limited:
Positron Energy Limited, founded in 2008, specializes in comprehensive gas distribution solutions across India. It offers Management Consulting Services including commercial and financial advice, technical Project Management and O&M Services in the Gas Sector. The company is ISO 9001:2015 and ISO 45001:2018 certified, ensuring high-quality O&M and consulting services in the oil and gas industry.
With a strong track record, Positron Energy Limited is a trusted partner to both public sector undertakings (PSUs) and private companies in the oil and gas sector. It has successfully built a significant Natural Gas aggregation business volume, totaling approximately 35 MMSCM.
The company has secured contracts with the Indian Gas Exchange (IGX), improving its ability to obtain and distribute natural gas transparently. Positron Energy Limited is also collaborating with ICOM North America LLC to introduce dual-fuel LNG conversion systems in India, with the aim of reducing emissions and promoting environmental sustainability in transportation.
Positron Energy Limited Reviews:
Positron Energy Limited has shown strong financial growth in recent years. Revenue increased from Rs 341.00 lakh in fiscal 2021 to Rs 8,000.34 lakh in November 2023. Profit margins have improved, with gross profit margins of 14.68 percent and EBITDA margins of 8. 74 percent. Profitability metrics such as ROE and ROCE have also been impressive, highlighting efficient capital utilization. The company's strong operating cash flows underscore its financial health and ability to sustain growth in the competitive oil and gas sector.
Mumbai (Maharashtra) [India], July 5: The National Stock Exchange (NSE) has approved the draft Red Herring Prospectus (DRHP) of Positron Energy Limited, facilitating the initial public offering (IPO) of the company. Positron Energy Limited had filed necessary documents with the stock exchange to commence its SME IPO on the NSE SME Emerge platform. The company plans to issue up to 22,000,000 shares, each with a face value of Rs 10, in the upcoming initial public offering.
About Positron Energy Limited:
Positron Energy Limited, founded in 2008, specializes in comprehensive gas distribution solutions across India. It offers Management Consulting Services including commercial and financial advice, technical Project Management and O&M Services in the Gas Sector. The company is ISO 9001:2015 and ISO 45001:2018 certified, ensuring high-quality O&M and consulting services in the oil and gas industry.
With a strong track record, Positron Energy Limited is a trusted partner to both public sector undertakings (PSUs) and private companies in the oil and gas sector. It has successfully built a significant Natural Gas aggregation business volume, totaling approximately 35 MMSCM.
The company has secured contracts with the Indian Gas Exchange (IGX), improving its ability to obtain and distribute natural gas transparently. Positron Energy Limited is also collaborating with ICOM North America LLC to introduce dual-fuel LNG conversion systems in India, with the aim of reducing emissions and promoting environmental sustainability in transportation.
Positron Energy Limited Reviews:
Positron Energy Limited has shown strong financial growth in recent years. Revenue increased from Rs 341.00 lakh in fiscal 2021 to Rs 8,000.34 lakh in November 2023. Profit margins have improved, with gross profit margins of 14.68 percent and EBITDA margins of 8. 74 percent. Profitability metrics such as ROE and ROCE have also been impressive, highlighting efficient capital utilization. The company's strong operating cash flows underscore its financial health and ability to sustain growth in the competitive oil and gas sector.
