Platinum Industries Limited IPO
- IPO Date27 Feb, 2024 to 29 Feb, 2024
- Listing Date05 Mar, 2024
- Face Value₹10 per share
- Issue Price₹162 to ₹171 per share
- Lot Size87 Shares
- Minimum Investment₹14,877
- Listing AtBSE, NSE
- Total Issue Size1,37,61,225 Shares
(aggregating up to ₹235.32 Cr) - Fresh Issue1,37,61,225 Shares
(aggregating up to ₹235.32 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue4,11,63,648
- Shareholding post issue5,49,24,873
IPO Dates
Closing Date
29 Feb, 2024
Initiation of Refunds
04 Mar, 2024
Listing Date
05 Mar, 2024
27 Feb, 2024
Opening Date
01 Mar, 2024
Basis of Allotment
04 Mar, 2024
Credit of Shares
Platinum Industries Limited Lot Size
Investors can bid for a minimum of 87 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 67 | 5829 | ₹9,96,759 |
| Retail (Min) | 1 | 87 | ₹14,877 |
| B-HNI (Min) | 68 | 5916 | ₹10,11,636 |
| Retail (Max) | 13 | 1131 | ₹1,93,401 |
| S-HNI (Min) | 14 | 1218 | ₹2,08,278 |
Platinum Industries Limited Promoter Holding
The promoters of the Company are Krishna Dushyant Rana and Parul Krishna Rana.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 94.74% | - |
Platinum Industries Limited COMPANY INFORMATION
Platinum Industries IPO is a book built issue of Rs 235.32 crores. The issue is entirely a fresh issue of 1.38 crore shares. Platinum Industries IPO bidding started from February 27, 2024 and ended on February 29, 2024. The allotment for Platinum Industries IPO was finalized on Friday, March 1, 2024. The shares got listed on BSE, NSE on March 5, 2024. Platinum Industries IPO price band is set at ₹162 to ₹171 per share. The minimum lot size for an application is 87 Shares. The minimum amount of investment required by retail investors is ₹14,877. The minimum lot size investment for sNII is 14 lots (1,218 shares), amounting to ₹208,278, and for bNII, it is 68 lots (5,916 shares), amounting to ₹1,011,636. Unistone Capital Pvt Ltd is the book running lead manager of the Platinum Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to Platinum Industries IPO RHP for detailed information.
Incorporated in August 2016, Platinum Industries Limited is a company that specializes in producing stabilizers. The company manufactures PVC stabilizers, CPVC additives and lubricants.
The company's products are used in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc.
The manufacturing facility of the company is situated in Palghar, Maharashtra, and spreads across 21,000 sq. ft. of land.
FAQs About Platinum Industries Limited Ipo
Platinum Industries Limited IPO will open on 27 Feb, 2024 and close on 29 Feb, 2024. Investors must apply within this period to participate.
The Platinum Industries Limited IPO price band is set between ₹162.00 and ₹171.00 per share. The minimum lot size is 87, requiring an investment of at least ₹14877.00.
The Platinum Industries Limited IPO shares are expected to be listed on 05 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Platinum Industries Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Platinum Industries Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.