Platinum Industries IPO GMP Today ( Grey Market Premium )

Platinum Industries IPO GMP Today ( Grey Market Premium )

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 NamePlatinum Industries Limited
Domain of CompanyStabilizers Manufacturer
Platinum Industries IPO GMP Today₹90
Platinum Industries IPO Listing Gain52.63%
Platinum Industries IPO Open DateFebruary 27, 2024
Platinum Industries IPO Close DateFebruary 29, 2024
Platinum Industries IPO Allotment DateMarch 1, 2024
Platinum Industries IPO Listing DateMarch 5, 2024
Face Value₹10 per share
Price₹162 to ₹171 per share
Lot Size87 Shares
Issue Size13,761,225 shares of ₹10
(aggregating up to ₹235.32 Cr)
Fresh Issue13,761,225 shares of ₹10
(aggregating up to ₹235.32 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Company PromotersKrishna Dushyant Rana and
Parul Krishna Rana

Platinum Industries IPO GMP Today:

DateGMPListing GainKostakSubject to
Today₹9052.63%
23 February 2024₹9052.63%

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.)

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