Positron Energy IPO has made a remarkable entry into the stock market today, delivering impressive returns to its investors on the very first day. The company’s shares were listed at a 90% premium, opening at ₹475 per share, compared to the IPO price band of ₹250 per share. This NSE SME IPO achieved a 90% listing gain. Following the strong listing, the shares saw a 5% rise, hitting the upper circuit, and bringing the total return to 99.5%—meaning investors doubled their money on the first day itself.
Positron Energy IPO Details:
- The Positron Energy IPO was open from August 8 to August 12.
- The price band for the shares was set between ₹238 to ₹250 per share.
- The IPO received an overwhelming response from investors, being subscribed 415 times.
- The Qualified Institutional Buyers (QIB) category was subscribed 231.41 times.
- The Non-Institutional Buyers (NIB) category was subscribed 805.84 times, and the Retail Investors’ portion was subscribed 351 times.
- Through the IPO, the company raised ₹51.21 crore, with all shares being fresh issues—there was no offer for sale.
- The lot size for this SME IPO was 600 shares, and the minimum investment required was ₹1.5 lakh (600 shares x ₹250 = ₹1,50,000).
- Before the IPO opened, the company had already raised ₹14.58 crore through anchor investors.
- The face value of each share in the IPO was ₹10.
What Does the Company Do?
Positron Energy plans to use the funds raised through the IPO to meet its working capital needs and for general corporate purposes. The company provides management and technical advisory services to the oil and gas industry. Over the past few years, the company’s financial position has improved significantly. In the fiscal year 2022, Positron Energy earned a profit of ₹57.98 lakh. This profit increased to ₹2.13 crore in FY 2023 and further to ₹8.79 crore in FY 2024. The steady growth in profits has made the company attractive to investors.
