Positron Energy IPO Subscription Status

Positron Energy IPO- Day 3 Subscription at 410.16 Times

Positron Energy IPO is closing on 14th August 2024 and will likely be listed on 20th August 2024 and will make a trading debut on the NSE SME platform.

On 14 August 2024, Positron Energy Ltd.'s IPO witnessed an overwhelming response from investors. Bids pour in for 55,88,88,000 shares against the 13,62,600 shares available. This led to a massive oversubscription of 410.16 times by the close of the offering.

Here are the subscription details for Positron Energy IPO as of Day 3 (14th August 2024 at 4:27:59 PM)

Like other successful IPOs, HNIs/NIIs and QIBs significantly increased their bids during the final hours of the last day, a common trend where these segments assess market response before making substantial investments. It is important to note that these overall subscription figures do not include the IPO's anchor portion or market-making segment. The overwhelming response from both institutional and retail investors underscores the strong market confidence in Positron Energy Ltd.

Subscription Status of Positron Energy IPO for Days 1, 2, and 3

On day 1, Positron Energy IPO was subscribed 19.78 times. By the end of day 2, the subscription status had risen to 61.14 times; on day 3, it reached 410.16 times.

Here are the complete subscription details for the Positron Energy IPO by category as of Day 3 (14th August 2024 at 4:27:59 PM ):

On day 3, Positron Energy Ltd. IPO saw a substantial surge in demand, primarily driven by High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs), who subscribed a staggering 805.10 times the shares allocated to their category. Retail investors also showed robust participation, with a subscription of 342.82 times.

Qualified Institutional Buyers (QIBs), which include large institutional investors like mutual funds and insurance companies, subscribed 231.41 times, reflecting strong confidence in the company’s potential. The overall IPO subscription reached an impressive 410.16 times, showcasing broad-based interest across all investor categories.

Positron Energy IPO Day 2 Subscription at 59.80 Times: Should You Subscribe or Not?

At the end of day 2, Positron Energy IPO was subscribed to 59.80 times. On 13 August 2024, the public issue was subscribed to 94.13 times in the retail sector, 49.07 times in the HNI/NII segment, and 7.67 times in QIBs.

Here are the subscription details for Positron Energy IPO: (13th August 2024 at 4:55:59 PM)

The overall subscription figures reflect strong demand, particularly from retail investors who have driven the IPO. HNIs and NIIs have also contributed considerably, demonstrating confidence in Positron Energy's growth potential. As is often the case, QIBs tend to finalise their participation closer to the end of the subscription period, which may lead to even higher subscription rates as the IPO progresses.

Here are the subscription details for Positron Energy IPO as of Day 2: (13th August 2024 at 4:55:59 PM):

On day 1, Positron Energy IPO was subscribed 19.78 times. On day 2, it rose to times, and the final status of the subscription will be clear by the end of day 3, which is 14 August 2024. The Positron Energy IPO has garnered substantial interest by Day 2, with the overall subscription reaching impressive levels. Retail investors have shown the most enthusiasm, with a subscription rate of 94.13 times, followed by High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 49.07 times. Qualified Institutional Buyers (QIBs) have also participated significantly, with a subscription rate of 7.67 times.

Positron Energy IPO Day 1 Subscription at 19.18 Times: Should You Subscribe or Not?

Positron Energy's IPO is likely to close on 14 August 2024, and its shares will debut on the NSE SME platform. In its IPO, Positron Energy received 16.82 subscriptions. By August 12, 2024, the public issue had received subscriptions 29.51 times in the retail category, 4.82 times in the QIB category, and 14.16 times in the NII category.

Here are the subscription details for Positron Energy IPO:

The Positron Energy IPO has witnessed strong demand across all investor categories, reflecting high market confidence in the company's prospects. Anchor investors, typically institutional investors invited to invest before the IPO opens to the public, fully subscribed to their allotted shares (1X). Qualified Institutional Buyers (QIBs), such as mutual funds and insurance companies, oversubscribed by 4.82 times, indicating robust interest from large, sophisticated investors. High Net Worth Individuals (HNIs) or Non-Institutional Investors (NIIs), who generally invest significant amounts, showed even higher enthusiasm with a subscription of 14.16 times. 

Retail investors, who typically apply for shares in smaller lots, exhibited the highest level of interest, with an oversubscription of 29.51 times. Overall, the IPO was oversubscribed by 19.18 times, underscoring widespread investor confidence in Positron Energy's growth potential and future prospects​.
 

Here are the subscription details for Positron Energy IPO as of Day 1:

On day 1 the Positron Energy IPO received 33,526 applications, showcasing overwhelming demand across all investor categories. Anchor investors subscribed to their full allotment of 5,83,200 shares, while Qualified Institutional Buyers (QIBs) bid for 18,75,600 shares, oversubscribing their portion by 4.82 times. 

Non-Institutional Investors (NIIs) showed even greater interest, oversubscribing by 14.16 times with 41,37,000 shares bid for. Retail investors led the demand, with a remarkable oversubscription of 29.51 times, bidding for 2,01,15,600 shares. In total, the IPO was oversubscribed by 19.18 times, highlighting strong investor confidence in Positron Energy​.

About Positron Energy Limited

Positron Energy Limited, founded in 2008, offers technical advice and managerial services to the Indian oil and gas sector. It provides 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.

The business holds certifications under ISO 45001:2018 and ISO 9001:2015 standards. This accreditation guarantees the quality of consulting and O&M services offered to the oil and gas industry. The organisation provides services to significant actors in the oil and gas industry, encompassing both public and private enterprises.
 

Highlights of the Positron Energy IPO

• IPO price band: ₹238 to ₹250 per share.
• Minimum application lot size: 600 shares.
• Minimum investment for retail investors: ₹150,000.
• Minimum investment for High Net-worth Investors (HNI): 2 lots (1,200 shares), ₹300,000.
• Registrar: Link Intime India Private Ltd