The Platinum Industries IPO started on February 27, 2024, and ended on February 29, 2024. Shares were allocated on March 1, 2024, and refund processes began on March 4, 2024. On March 4, 2024, the shares were credited to investors demat accounts. Platinum Industries was officially listed on the stock exchange on March 5, 2024.
During the IPO, Platinum Industries offered shares at a price range of ₹162 to ₹171 per share, and the lot size was 0 shares. The total issue size was ₹235.32 crores, with ₹235.32 crores from new shares. The IPO was listed on both the NSE and BSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Platinum Industries Limited IPO Subscription Update Video
Platinum Industries IPO Subscription Status
The Platinum Industries IPO on February 29, 2024 was subscribed 98.99 times, with the retail category being subscribed 50.92 times, the NII (Non-Institutional Investor) category being subscribed 141.79 times, the QIB (Qualified-Institutional Buyers) category being subscribed 151.00 times.
| Category | Subscription |
| QIB | 151.00x |
| NII | 141.79x |
| Retail | 50.92x |
| Total | 98.99x |
Platinum Industries IPO Basic Details
| Company Name | Platinum Industries Limited |
| Domain of Company | Stabilizers Manufacturer |
| 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 |
About Platinum Industries Limited
Platinum Industries Limited, established in August 2016, specializes in creating stabilizers, with a focus on PVC stabilizers, CPVC additives, and lubricants.
Our products play a crucial role in various applications such as PVC pipes, profiles, fittings, electrical wires, cables, SPC floor tiles, Rigid PVC foam boards, and packaging materials.
Our manufacturing facility, located in Palghar, Maharashtra, covers an expansive 21,000 sq. ft. of land.
Over the past six years, our revenue has experienced an impressive growth rate of 42.11%, increasing from ₹284.19M in 2018 to ₹2,340.56M in 2023.
As of July 2023, we’ve established twelve distribution centers across India to efficiently serve our customers.
By the end of May 2023, our production unit proudly employed 71 dedicated staff members and 17 hardworking workers, contributing to our commitment to quality and excellence.
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Platinum Industries IPO FAQs
What is the start and end date of Platinum Industries IPO Subscription?
The Platinum Industries IPO started on February 27, 2024, and ended on February 29, 2024.
When does Platinum Industries IPO Subscription open?
The Platinum Industries IPO open on February 27, 2024.
When does Platinum Industries IPO Subscription close?
The Platinum Industries IPO Close on February 29, 2024.
What is the allotment date of Platinum Industries IPO?
The allotment date for Platinum Industries IPO is March 1, 2024.
When is the initial refund date of Platinum Industries IPO?
The initial Refund date for Platinum Industries IPO is March 4, 2024.
When were the shares credited to investors demat accounts for the Platinum Industries IPO?
The shares for the Platinum Industries IPO were credited to investors demat accounts on March 4, 2024.
When will Platinum Industries IPO be listed on the stock market?
Platinum Industries IPO stock market will be listed on March 5, 2024 at 10 am.
What was the price range of the Platinum Industries IPO shares?
The Platinum Industries IPO shares were offered at a price range of ₹162 to ₹171 per share.
What was the lot size for the Platinum Industries IPO shares?
The lot size for the Platinum Industries IPO shares was 87 shares.
What was the total issue size of the Platinum Industries IPO?
The total issue size of the Platinum Industries IPO was ₹235.32 crores.
How were the shares allocated among different types of investors for the Platinum Industries IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Platinum Industries IPO listed?
The Platinum Industries IPO was listed on both the NSE and BSE.
What is the Platinum Industries IPO Subscription Status?
Platinum Industries IPO is subscribed 98.99 Times.
