The SME IPO of Positron Energy has opened for subscription today and will close on August 14. The company aims to raise about Rs 51.21 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
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1) Positron Energy IPO size The IPO is entirely a fresh equity issue of 20.48 lakh shares and through the issue, the company plans to raise Rs 51.21 crore.
2) Positron Energy IPO price band
The company is offering its shares at Rs 238-250 apiece, and investors can bid for 600 shares in 1 lot.
3) Positron Energy GMP
In the unlisted market, the company’s shares are trading with a GMP of Rs 150, which translates to a premium of 60% over the issue price.
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4) About Positron Energy
The company is engaged in management and technical advisory services of oil and gas industry. It provide end to end solutions for gas distribution to the industries across India.
5) Industry overview
The oil and gas sector is among the eight core industries in India and plays a major role in influencing the decision-making for all the other important sections of the economy. The industry is expected to attract $25 billion investment in exploration and production by 2022. India is already a refining hub with 23 refineries, and expansion is planned for tapping foreign investment in export-oriented infrastructure, including product pipelines and export terminals.
6) Positron Energy financial performanceFor the year ended March 2024, the company clocked total revenues of Rs 134 crore and net profit of Rs 8.78 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for funding working capital requirements, capital expenditure and other general corporate purposes.
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8) Lead managers and Registrar
Beeline Capital Advisors is acting as the lead manager to the issue and Link Intime India is the registrar.
9) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors, and the rest 15% for non-institutional investors.
10) Important dates
The IPO opened on August 12 and will close on August 14. The final allotment will likely be made on August 16. The company’s shares will likely get listed on August 19.
