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

Positron Energy IPO: Positron Energy is all set to launch its initial public offerings (IPO) on August 12 and the issue price range was set today.

Positron Energy is a small and medium-sized company that helps India’s oil and gas business with management and technical advice.

It provides full solutions for gas distribution, such as management consulting, project management, operation and management services.

The company has also built a gas aggregate for natural gas that uses common carrier pipeline networks in the market.

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Positron Energy IPO Details

Positron Energy IPO has issued 20.48 lakh shares as OFS at a price range of ₹238 to ₹250 per share, with each share having a face value of ₹10.

The Positron Energy IPO has issued a book-built of Rs 51.21 crore.

Investors can bid for a minimum lot size of 600 shares or as much as they want. Positron Energy IPO has set aside 50% of the net issue for the Qualified institutional buyers (QIBs) while the Retail investors will get 35%, and 15% will be reserved for non-institutional investors (NIIs).

The minimum investment by retail investors is Rs 150,000 and for HNI, the minimum lot size that they can do is 1,200 shares which costs Rs 300,000.

The Positron Energy IPO allotment will be finalized on August 16, 2024, and the Positron Energy shares will be listed on NSE SME on Tuesday, August 20, 2024.

Beeline Capital Advisors Pvt Ltd is in charge of the book-running of the Positron Energy IPO while Link Intime India Private Ltd is appointed as the registrar and Spread X Securities makes the market.

The funds raised from the IPO will be used for day-to-day expenses and funds working capital.

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