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Positron Energy Limited

SME

Issue Price

₹238- ₹250

per equity share

Issue Size

20.48 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

600

equity share

Please note

Listing at NSE

Positron Energy Limited

Important Dates

IPO Open Date

12 Aug 2024

IPO Close Date

14 Aug 2024

Allotment Date

16 Aug 2024

Initiation of Refunds

19 Aug 2024

Credit of Shares to Demat Account

19 Aug 2024

IPO Listing Date

20 Aug 2024

UPI Mandate Expiry Date

14 Aug 2024

IPO Details

Positron Energy is open for subscription from Monday, August 12, 2024, and closing on Wednesday, August 14, 2024. The price band for this IPO is set to Rs 238 – Rs 250 per share. Positron Energy IPO is offering a book-built public issue of an entirely fresh issue of 20.48 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, August 16, 2024. This IPO will be listed on the NSE SME segment on Tuesday, August 20, 2024. The minimum lot size set for the retail category is 1 lot, i.e., 600 shares. For retail investors, the minimum and maximum investment amount required is Rs 150,000. However, for the HNI category, the maximum lot size is 2 lots, i.e., 1,200 shares amounting to Rs 300,000. The IPO is managed by Beeline Capital Advisors Private Limited, which is the book-running lead manager of this public issue. The company has appointed Link Intime India Private Limited as the registrar for the issue.

About Positron Energy Limited

Positron Energy Limited was incorporated in 2008 and provides management and technical advisory services for the oil and gas industry in India. They offer comprehensive gas distribution solutions, including management consultancy, project management, and operation and management services. Their gas aggregation business focuses on natural gas, utilizing common carrier pipeline networks. Positron Energy Limited is certified according to ISO 9001:2015 and ISO 45001:2018 standards, ensuring high-quality consultancy and O&M services. They serve major oil and gas sector players, including public and private companies. With a workforce of 140 employees, their services include Project Management Consultation (PMC), Operations and Maintenance of CGD Networks, and more.

Parent Organisation

-

Founded

2008

Managing Director

Mr. Rajiv Shankarankutty Menon, Mr. Manav Bahri and Mr. Sujit K Sugathan

IPO Objectives

The company plans to utilize the Net Proceeds from the Issue for several purposes. These include funding meeting the company's working capital requirements, and supporting general corporate purposes.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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