Positron Energy IPO opens on Aug 12, 2024
Positron Energy Limited is set to make its debut in the capital market with its Initial Public Offering (IPO). The company, primarily engaged in providing technical consultancy services and management solutions to the Indian oil and gas sector, is aiming to raise ₹ 51 crore through this public issue.
IPO Details
Issue Type: Book Building
Issue Size: 51.21 Crore
Price Band: Rs.238 to Rs.250 per share
Issue Open Date: August 12, 2024
Issue Close Date: August 14, 2024
Lot Size: 600 Shares
Minimum Application: ₹150,000
Listing Exchange: NSE SME
Company Profile:
Positron Energy engaged in Management & Technical Advisory Services of Oil and Gas Industry. Positron Energy provides end to end solutions for Gas distribution to the Industries across India. The complany provides Management Consultancy Services like commercial and financial advisory, technical services including Project Management and O&M (Operation and Management) Services, across the Gas Sector in India. Positron Energy have successfully developed a Gas aggregation business volume of 35 MMSCM (approx), especially Natural Gas. The technical qualifications and empanelment with most industrial customers attest to thereliability and competence. Moreover, distribution of Natural gas is facilitated through common carrier pipeline networks operated by major 3public and private sector players in the Indian market
Objective of the Positron Energy Limited IPO
The primary objective of Positron Energy Limited’s IPO is to raise capital. This capital will be used to:
- To Meet Working Capital Requirements
- General Corporate Purposes
Important Dates
IPO Open Date : Monday, August 12, 2024
IPO Close Date : Wednesday, August 14, 2024
Basis of Allotment : Friday, August 16, 2024
Initiation of Refunds: Monday, August 19, 2024
Credit of Shares to Demat : Monday, August 19, 2024
Listing Date : Tuesday, August 20, 2024
Refer Red Herring Prospectus for more details