Positron Energy shares had a stellar debut, opening at ₹475 on NSE SME, a 90% premium over the issue price of ₹250. The stock’s impressive start reflects significant investor interest, with the price surging well above its initial offering.
Positron Energy IPO saw an overwhelming response, with the subscription rate reaching 414.86 times by the close of the bidding period, indicating exceptionally high investor demand for the shares on the final day.
Positron Energy Limited provides comprehensive management and technical advisory services for India’s oil and gas sector, specialising in commercial, financial, and technical support. The company handles a gas aggregation volume of 35 MMSCM and manages daily portfolios of 4000-5000 MMBTU. It emphasises risk reduction, and investment returns, and leverages expertise for growth, offering consultancy and O&M services while expanding its reach.
Positron Energy Ltd aims to use INR 38.20 crores for working capital needs and the remainder for general corporate purposes, including land acquisition, talent hiring, strategic growth, debt servicing, and other expenses.