Positron Energy Ltd. has announced public offering of 2048400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 240.00 per share. The gross proceeds of the issue are expected to be Rs 5,121.00 lakhs.

The company's initial public offer (IPO) will open on 12 August 2024 and is expected to close on 14 August 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 238.00-250.00 per share.

The IPO includes a fresh Issue of 2048400 Equity Shares of the Company at an price of Rs 250.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.

Positron Energy Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & Link Intime India Pvt. Ltd. is the registrar, to the issue.