Platinum Industries Limited
CLOSEDIPO Date: 27 Feb - 29 Feb 2024
Listing Date: 5 Mar 2024
Price Range
₹162 to ₹171 per share
Issue Size
235.32 Cr
Min Investment
₹14,094
Lot Size
87 Shares
Schedule of Platinum Industries Limited
Issue open date
27 Feb 2024
Issue close date
29 Feb 2024
UPI mandate deadline
29 Feb 2024 (5 PM)
Allotment finalization
1 Mar 2024
Share credit
4 Mar 2024
Listing date
5 Mar 2024
Mandate end date
14 Mar 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 235.32 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 1 Mar 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 5 Mar 2024 | ₹171 | ₹87 | ₹258 (50.88%) |
| 4 Mar 2024 | ₹171 | ₹87 | ₹258 (50.88%) |
| 3 Mar 2024 | ₹171 | ₹85 | ₹256 (49.71%) |
| 2 Mar 2024 | ₹171 | ₹85 | ₹256 (49.71%) |
| 1 Mar 2024 | ₹171 | ₹99 | ₹270 (57.89%) |
| 29 Feb 2024 | ₹171 | ₹88 | ₹259 (51.46%) |
| 28 Feb 2024 | ₹171 | ₹95 | ₹266 (55.56%) |
| 27 Feb 2024 | ₹171 | ₹98 | ₹269 (57.31%) |
| 26 Feb 2024 | ₹171 | ₹100 | ₹271 (58.48%) |
| 25 Feb 2024 | ₹171 | ₹90 | ₹261 (52.63%) |
| 24 Feb 2024 | ₹171 | ₹90 | ₹261 (52.63%) |
Performance Platinum Industries Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹162 to ₹171 per share | ₹ 549 (29.36%) | ₹ 281.55 | 64.65% |
About Platinum Industries Limited
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. The revenue from operations grew at a CAGR of 42.11% in six years, from ₹284.19M in 2018 to ₹2,340.56M in 2023. As of July 2023, the company has twelve distribution centres spread across India. As of May 31st, 2023, the production unit has 71 employees and 17 workers.
| Founded in | 2016 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 151 |
| Non-Institutional Investors (NIIs) | 141.79 |
| Retail Individual Investors (RIIs) | 50.92 |
| Employee | N/A |
| Total | 98.99 |