Platinum Industries IPO – Platinum Industries Limited operates as a leading manufacturer in the specialty chemicals sector, specializing in stabilizers. Its primary business focuses on PVC stabilizers, CPVC additives, and lubricants, catering to various industries such as PVC pipes, profiles, fittings, electrical wires, cables, SPC floor tiles, rigid PVC foam boards, packaging materials, and more.
IPO Details
- Price Band: Platinum Industries ipo has set a price band of ₹162 to ₹171 per equity share.
- Subscription Period: The IPO subscription window opened on February 27, 2024, and will close on February 29, 2024.
- Allotment Date: The allotment of Platinum Industries IPO shares is expected on or around March 1, 2024.
- Listing Date: The company’s shares are proposed to be listed on both the NSE and BSE on March 5, 2024.
Day 1 subscription status of Platinum Industries IPO
Platinum Industries IPO Subscription Status
| Subscription Status | Subscription Ratio |
|---|---|
| Qualified Institutional Buyers | 0.07x |
| Non-Institutional Investor | 13.62x |
| Retail Individual Investor | 10.33x |
| TOTAL | 8.10x |
1. Qualified Institutional Buyers (QIBs): The subscription level among Qualified Institutional Buyers stands at a modest 0.07 times (0.07x). QIBs, comprising institutional investors like banks, mutual funds, and foreign institutional investors, have shown limited interest in the IPO.
2. Non-Institutional Investors (NIIs): Non-Institutional Investors have displayed significant enthusiasm for the Platinum Industries IPO, with a subscription level of 13.62 times (13.62x). This category, which includes high-net-worth individuals and corporate bodies.
3. Retail Individual Investors (RIIs): Retail Individual Investors, typically individual investors who invest smaller amounts, have shown notable interest in the IPO, with a subscription level of 10.33 times (10.33x).
Subscription status of the final day Platinum Industries IPO
As of February 29, 2024, the subscription status for the GPT Healthcare IPO shows strong demand across various investor segments, with Qualified Institutional Buyers at 151.00x, Non-Institutional Investors at 141.76x, Retail Individual Investors at 50.67x, resulting in an overall total of 98.86x.
| Subscription Status | Subscription Ratio |
|---|---|
| Qualified Institutional Buyers | 151.00x |
| Non-Institutional Investors | 141.76x |
| Retail Individual Investors | 50.67x |
| Total | 98.86x |
IPO Details Recap
- IPO Opening Date: February 27, 2024
- IPO Closing Date: February 29, 2024
- Price Band: ₹162 to ₹171 per share
- Lot Size: 87 shares
- Total Issue Size: 13,761,225 shares (aggregating up to ₹235.32 Cr)
- Fresh Issue: 13,761,225 shares (aggregating up to ₹235.32 Cr)
Stay tuned for the allotment status, which is expected to be finalized on Friday, March 1, 2024. The listing date for Platinum Industries IPO is tentatively set for Tuesday, March 5, 2024.
