Positron Energy IPO subscription status started on Monday August 12, 2024 and will close on August 14, 2024. Positron Energy IPO to raise around ₹51.21 crores via IPO. The retail quota is 35%, QIB is 50% and NII is 15%. The price band is fixed at ₹238 to ₹250 per equity share.
The Positron Energy IPO minimum market lot is 600 shares with ₹150,000 application amount. The Positron Energy IPO is an SME IPO, and it is to be listed on the NSE.
Positron Energy for the initial 11 years was merely engaged in the Management & Technical Advisory Services of the Oil and Gas Industry. Later on, in FY 2018-19, their promoters planned to commence the aggregation business of Coal Bed Methane Gas (CBM) for supplying to an industrial unit. After having a successful business of CBM Gas aggregation also, as per the demand of industrial units, their Company in July 2022 decided to aggressively commence the business of Natural Gas aggregation for such industrial units.
POWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Positron Energy IPO Subscription Status – Day 1
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 4.82 | 0.00 | 0.00 |
| NII | 14.17 | 0.00 | 0.00 |
| RII | 29.60 | 0.00 | 0.00 |
| Total | 19.22 | 0.00 | 0.00 |
Positron Energy IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
