Positron Energy share price made a stellar debut on NSE SME today. Positron Energy share price today opened at ₹475, which is 90% higher than the issue price of ₹250. Following a strong debut, Positron Energy share price were locked in 5% upper circuit.
The initial public offering (IPO) of Positron Energy had a subscription period that ran from August 8, until August 12. With a face value of ₹10, shares in the Positron Energy IPO were priced between ₹238 and ₹250. At least 600 of those shares were up for bid, and there were multiples of those shares available. Positron Energy IPO subscription status was 414.86 times on the last day of bidding.
Positron Energy Limited, which was founded in 2008, offers technical advice and managerial services to the Indian oil and gas sector. They provide full gas distribution solutions, including project management, operation and management services, and management consulting. In the Indian market, the company uses common carrier pipeline networks to expand its natural gas aggregation business.
From March 31, 2024, to March 31, 2023, Positron Energy Limited's profit after tax (PAT) climbed by 312.96% and its revenue by 160.29%.
The Positron Energy IPO, valued ₹51.21 crore, includes a fresh issuance of 2,048,400 equity shares with a face value of ₹10. There is no "offer for sale" component.
The proceeds from the new issue will be used for the following purposes: meeting working capital requirements and general corporate needs.
The registrar for the Positron Energy IPO is Link Intime India Private Ltd, while the book running lead manager is Beeline Capital Advisors Pvt Ltd. Spread X Securities is the market maker for the Positron Energy IPO.
Positron Energy IPO GMP is +285. This indicates Positron Energy share price were trading at a premium of ₹285 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Positron Energy share price was indicated at ₹535 apiece, which is 114% higher than the IPO price of ₹250.
'Grey market premium' indicates investors' readiness to pay more than the issue price.'
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