The Platinum Industries IPO commenced on February 27, 2024, and concluded on February 29, 2024. The allotment of shares took place on March 1, 2024, and the initiation of refunds began on March 4, 2024. The shares were credited to the demat accounts of investors on March 4, 2024. Finally, the listing of Platinum Industries on the stock exchange occurred on March 5, 2024.
The Platinum Industries IPO was priced at ₹162 to ₹171 per share, with a lot size of 87 shares. The total issue size was ₹235.32 crores, comprising a fresh issue of ₹235.32 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Platinum Industries IPO Basic Details
| Company Name | Platinum Industries Limited |
| Domain of Company | Stabilizers Manufacturer |
| Platinum Industries IPO GMP Today | ₹90 |
| Platinum Industries IPO Listing Gain | 52.63% |
| Platinum Industries IPO Open Date | February 27, 2024 |
| Platinum Industries IPO Close Date | February 29, 2024 |
| Platinum Industries IPO Allotment Date | March 1, 2024 |
| Platinum Industries IPO Listing Date | March 5, 2024 |
| Face Value | ₹10 per share |
| Price | ₹162 to ₹171 per share |
| Lot Size | 87 Shares |
| Issue Size | 13,761,225 shares of ₹10 (aggregating up to ₹235.32 Cr) |
| Fresh Issue | 13,761,225 shares of ₹10 (aggregating up to ₹235.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Krishna Dushyant Rana and Parul Krishna Rana |
Platinum Industries IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹90 | 52.63% | – | – |
| 23 February 2024 | ₹90 | 52.63% | – | – |
Platinum Industries Limited IPO Details:
Platinum Industries Limited, established in August 2016, specializes in creating stabilizers. Our focus is on manufacturing PVC stabilizers, CPVC additives, and lubricants.
Our products play a vital role in various applications, including PVC pipes, profiles, fittings, electrical wires, cables, SPC floor tiles, Rigid PVC foam boards, and packaging materials.
Situated in Palghar, Maharashtra, our manufacturing facility covers 21,000 sq. ft. of land.
Over the past six years, our revenue from operations has shown remarkable growth, with a Compound Annual Growth Rate (CAGR) of 42.11%. Starting from ₹284.19 million in 2018, it reached ₹2,340.56 million in 2023.
As of July 2023, we have expanded our reach with twelve distribution centers spread across India.
By May 31st, 2023, our production unit is proud to have a team of 71 employees and 17 workers dedicated to delivering quality products.
Platinum Industries IPO More Details Click Here
Platinum Industries IPO FAQs
When is Platinum Industries IPO open?
Platinum Industries IPO will open on 27 February 2024.
When is Platinum Industries IPO Close?
Platinum Industries IPO will be closed on 29 February 2024.
What is Platinum Industries IPO GMP Today?
The Platinum Industries IPO GMP aka Grey Market Premium is ₹90.
What is Platinum Industries IPO Kostak Rates Today?
The Platinum Industries IPO Kostak Rate is ₹000.
What is Platinum Industries IPO Subject to Sauda Price Today?
The Platinum Industries IPO subject to sauda rates is ₹000.
Platinum Industries IPO Expected Returns?
The Platinum Industries expected return is 52.63%.
How much will be the listing gain in Platinum Industries IPO?
Platinum Industries IPO will get listing gain of 52.63%. (Approx.)
