Positron Energy IPO all set to launch subscription today: Check GMP, Lot Size, Price Brand and more

Positron Energy IPO: Positron Energy which manages and provides technical and management advice to oil and gas companies is all set to announce its IPO today, August 12.

The company will issue a fresh share sale of 20,48,400 shares for public subscription and the set price band of Rs 238-250 per share.

The minimum lot size that the Investors can bid is 600 equity shares. The company plans to raise Rs 51.21 crore in funds from its public offering.

The company has already raised Rs 14.58 crore from its anchor offering. The company has raised funds from 10 anchor investors that include BofA Securities Europe SA, NAV Capital VCC, Minerva Ventures, Shine Star Build Cap, Matterhorn India, Craft Emerging Market Fund, and many others.

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Retail Investors can bid for a minimum lot size of 600 equity shares which are worth Rs 1,50,000 while non-retails can bid for a minimum investment of Rs 3,00,000 for at least 1,200 equity shares.

The company has set aside 1,02,600 shares for the market maker part.

Positron Energy has set aside 50 % of the net offer for the qualified institutional bidders (QIBs), 35% for retail investors, and the rest 15% will be set aside for non-institutional investors (NIIs).

Positron Energy IPO GMP

In the grey market, the Positron Energy IPO GMP stood at Rs 150 for each share which means investors can expect a listing gain of 60% than the issue price. When the company launched the IPO for bids, at that time the grey market premium was Rs 120 per share.

Also Read: Positron Energy IPO set to lauch on August 12: Details, Price Brand, Lot Size, Company insights

About the Positron Energy

Positron Energy was formed in 2008 and has an ISO certification which proves the quality of its consulting and O&M services. The company has a total of 140 workers at different sites across India.

In FY24, the company made a net profit of Rs 8.79 crore and the revenue stood at Rs  Rs 135.41 crore During FY23, the company made a net profit of Rs 2.13 crore, and revenue of Rs 52.02 crore.

Beeline Capital Advisors is the lead manager of the book running for the Positron Energy IPO and  Link Intime India takes care of the registration of the issue. Spread X Securities is the market maker for Positron Energy IPO.

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