Investment-related industries and PSUs were categorized by the brokerage as trading at “frothy” prices. The market’s assumption of a persistently robust investment cycle has caused the multiples for these industries to rocket to unprecedented heights.
Faith in various “narratives” surrounding PSU equities, which we find difficult to understand in light of the astounding revenue and profit levels needed to support the majority of PSUs’ current market capitalizations, the statement said.
How to check the allotment status?
Since Link Intime India Private Ltd served as the registrant for the Positron Energy IPO, the following methods are available to check the allotment status on the company’s website as well as the NSE website.
- Step 1: Click on the Link Intime India website: https://linkintime.co.in/Initial_Offer/public-issues.html
- Step 2: From the dropdown menu, choose the IPO name “Positron Energy IPO”
- Step 3: Enter any of the following: account number with IFSC code, DP/Client ID, Application Number, Pan Number, or Account Number.
- Step 4: Press Enter
The grey market premium, or GMP, for the Positron Energy IPO, is +240. According to investorgain.com, this suggests that Positron Energy shares were selling for ₹240 more on the black market.
This suggests that the market is ready to pay an additional ₹240 and anticipates Positron Energy’s initial public offering (IPO) to be listed for ₹490, a 96% premium over the top limit of the issue price of ₹250.
By August 14, 2024 (Day 3), 414.86 times had subscribed to the Positron Energy IPO. The retail category saw 351.90 subscriptions to the public issue, the QIB category saw 231.41 subscriptions, and the NII category saw 805.84 subscriptions.
