Positron IPO allotment expected today: Steps to check status on NSE, Link Intime

Positron Energy is expected to finalise the share allotment status for its initial public offering (IPO) on Friday, August 16. The NSE SME IPO was open for bidding from August 12 to August 14.

Positron Energy IPO saw a strong subscription driven by high demand from the Non-Institutional Investors (NIIs). On the last day of bidding, Positron Energy IPO was booked over 413 times with bids for over 56.27 crore shares compared to the 13.62 lakh shares on offer.

Shares of the Positron Energy IPO will be listed on the NSE SME platform Emerge. The tentative IPO listing date has been tentatively fixed as August 20.

After the IPO closed on August 14, investors are eagerly waiting to check the allotment status. Once the company finalises the share allocation, the investors who applied for Positron Energy shares can check the IPO allotment status.

Positron Energy IPO share allotment status can be checked on the websites of NSE and registrar Link Intime India Pvt Ltd.

Steps to check share allotment status on NSE

• Navigate to the NSE IPO allotment status page at www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Log in with your username and password.
• After logging in, select Positron Energy from the drop down menu for issue name.
• Verify your PAN
• Enter your IPO application number
• Click on the Submit button

The IPO share allotment details will appear on screen.

Steps to check Positron IPO share allotment on registrar website

• Open the website of IPO registrar, Link Intime India Pvt Ltd: (https://www.linkintime.co.in/)
• Click on Investor Services
• Choose Public Issues
• Select Positron Energy from the drop down menu for company names
• Enter your application Number, PAN, DP/Client ID or Account No/IFSC
• Click on the ‘Submit’ button

Positron Energy IPO details

The IPO price band was fixed at ₹238 to ₹250 per equity share of a face value of ₹10 each. Positron Energy IPO was an entirely fresh issue of 2.05 lakh shares aggregating up to a value of ₹51.21 crore. The promoters of Positron Energy were Rajiv Shankarankutty Menon, Manav Bahri, and Sujit K Sugathan.

Positron IPO objective

Positron Energy will use the proceeds of the IPO to meet working capital requirements and other general corporate purposes.

About Positron Energy

Positron Energy Ltd gives management and technical advisory to the oil and gas industry in India. The company was incorporated in 2008. Positron Energy offers end-to-end gas distribution solutions, including management consultancy, project management, and operation and management (O&M) services.