City
Epaper

Positron Energy Limited procured Rs 14.58 Crore via Anchor Investors Prior to IPO Launch

By ANI | Updated: August 10, 2024 13:15 IST

PNNMumbai (Maharashtra) [India], August 10: Positron Energy Limited, one of the prominent player in the oil and Gas ...

Open in App

PNN

Mumbai (Maharashtra) [India], August 10: Positron Energy Limited, one of the prominent player in the oil and Gas sector specializes in Management & Technical Advisory Services for the Oil and Gas Industry, successfully secured a capital infusion of Rs 14.58 crore through anchor book process on August 09, just ahead of the company's scheduled IPO launch. According to the exchange filing, 10 esteemed investors participated in the anchor book offering.

These notable investors include Bofa Securities Europe SA ODI, NAV Capital VCC - NAV Capital Emerging Star Fund, Minerva Ventures Fund, Shine Star Build-Cap Pvt Ltd, Finavenue Capital TrustFinavenue Growth Fund, Anubhuti Value Trust -Anubhuti Value Fund 2, Kingsman Wealth Fund PCC KIF -II, Craft Emerging Market Fund PCC- Elite Capital Fund, Matterhorn India Fund & Craft Emerging Market FundPCC-Citadel Capital Fund Positron Energy Limited has allocated a total of 5,83,200 equity shares to these anchor investors, with each share priced at Rs 250. This calculated pricing highlights the strong investor confidence in the company's prospects and its position in the market.

(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN.will not be responsible in any way for the content of the same)

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

International"Great honour for our country": MoS Kirti Vardhan Singh lauds conferment of Ethiopia's award on PM Modi

InternationalTaiwan detects 7 Chinese aircraft, 11 vessels around nation

InternationalFormer Iraq President Salih elected UN High Commissioner for Refugees 

InternationalTrump orders closure of federal offices on Dec 24 and Dec 26

InternationalTrump loosens curbs on Marijuana, encourages research

Business Realted Stories

BusinessGujarat CM takes stock of 2025-26 budget expenditure

BusinessOdisha investor meet: CM Majhi engages industry leaders across key sectors in Hyderabad

BusinessUS targets Iran oil network, names India-linked shipping firms

BusinessIndia-Oman CEPA allows stay duration extension for Contractual Service Suppliers from 90 days to two years: Piyush Goyal

BusinessGujarat leads in timely claim settlement under Ayushman Bharat scheme