SME company doubled the money with listing!!!
Positron Energy IPO shares have entered the stock market in a great way today. The company's shares have made great earnings for the investors on the very first day and have been listed at a 90 percent premium. Positron Energy was listed at Rs 475 while the price band of the company's shares in the IPO was Rs 250 per share. This NSE SME IPO has achieved a listing gain of 90 percent. After a strong listing, its shares rose tremendously and it rose 5 percent after which it hit an upper circuit. The total return from morning till now has been 99.5 percent, that is, your money has doubled on the very first day.
Positron Energy IPO details
Positron Energy's IPO was open between august 8 and august 12.
The price band of the shares was fixed between Rs 238 and Rs 250 per share.
This IPO got a good response from the investors and it was subscribed up to 415 times.
In this, QIB had subscribed up to 231.41 times under its category.
NIB had subscribed its share up to 805.84 times and retail investors had subscribed up to 351 times.
Through the IPO, the company raised Rs 51.21 crore from the market in which all fresh shares were issued i.e. there was no offer for sale in it.
The lot size of the SME IPO was 600 shares and investors could apply for a minimum of one lot.
Investors had to invest a minimum of Rs 1.5 lakh (600 shares x Rs 250 = Rs 1,50,000) for one lot.
Before the IPO opened, the company had raised Rs 14.58 crore through anchor investors.
The face value of the shares in the IPO was kept at Rs 10.
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