Positron Energy IPO opens for subscription: GMP, price, allotment details

Positron Energy IPO opens for subscription: GMP, price, allotment details

Mumbai: Positron Energy IPO, a book built issue of Rs 51.21 crores, opened for subscription on August 12, 2024 and will close on August 14. The company, which is one of the prominent player in the oil and Gas sector specialising in Management & Technical Advisory Services for the Oil and Gas Industry, has set the IPO price band at Rs 238 to Rs 250 per share. The company allocated a total of 5,83,200 equity shares to anchor investors, with each share priced at Rs 250.

Positron Energy IPO anchor investors include – Bofa Securities Europe SA — ODI, NAV Capital VCC – NAV Capital Emerging Star Fund, Minerva Ventures Fund, Shine Star Build-Cap Pvt Ltd, Finavenue Capital Trust–Finavenue Growth Fund, Anubhuti Value Trust -Anubhuti Value Fund 2, Kingsman Wealth Fund PCC KIF -II, Craft Emerging Market Fund PCC- Elite Capital Fund, Matterhorn India Fund & Craft Emerging Market FundPCC-Citadel Capital Fund Positron Energy Limited.

Positron Energy IPO GMP today

Investorgain reported that Positron Energy IPO GMP today is at Rs 150. Going by the latest grey market premium price, the shares are expected to be listed at Rs 400 as its price band is fixed at Rs 250. The current GMP indicates that the SME stock is expected to get listed at a premium of 60 per cent.

Retail investors are required to apply for a minimum lot size of Positron Energy IPO of 600 shares worth Rs 150,000. HNIs will have to apply for 2 lots amounting to Rs 300,000.

The Positron Energy IPO allotment is expected to take place on August 16, 2024. The share will get listed on NSE SME with a tentative date fixed on August 20. The refunds process is likely to begin on August 19, while the shares are expected to be credited to the demat accounts of eligible investors the same day.

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