Positron Energy Limited, a 2008-founded SME IPO, is a book-built issue of Rs. 51.21 crore. The company provides managerial and technical services as well as advice to the Indian oil and gas industry. In addition to project management, operation & management services, as well as management consultancy, they offer comprehensive gas distribution solutions. The company is using prevalent carrier pipeline networks to grow its natural gas collection business in the Indian market.
Positron Energy IPO Details
| IPO Opening & Closing Date | August 12, 2024 to August 14, 2024 |
| Face Value | Rs. 10 per share |
| Issue Price | Rs 238 to Rs 250 |
| Lot Size | 600 Shares |
| Issue Size | 2,048, 400 Shares (Totalling Upto Rs 51.21 Cr) |
| Fresh Issue | 2,048, 400 Shares (Totalling Upto Rs 51.21 Cr) |
| Offer For Sale | NA |
| Issue Type | Book Built Issue IPO |
| Listing at | NSE, SME |
| Registrar | Link Intime India Private Limited |
The business is certified to both ISO 9001:2015 and ISO 45001:2018 standards. This accreditation assures the oil & gas industry of the caliber of consultancy and O&M services provided. Important players in the oil and gas sector, including both the public as well as private businesses, are served by the organization. The following services are provided by the organization:
- Project Management Consultation (PMC)
- Maintenance of CGD (City Gas Distribution) Network Operations
- CNG and small-scale LNG operations and maintenance
- Projects for CGD Infrastructure, etc.
Overview
A total of 20.48 lac shares are being issued in the Rs. 51.21 crore Positron Energy IPO, with 35% going to retail investors, 50% going to institutional investors & 15% going to non-institutional investors. The buying window for this SME IPO is August 12–August 14, 2024. Tuesday, 20th August 2024 is when the listing is anticipated to happen on NSE and SME. Rs. 238 to Rs. 250 for a share.
Objective Of The IPO
The following objectives are what the company hopes to achieve with the Net Proceeds through the Issue:
- Requirements for working capital.
- General Corporate Purposes.
