iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Platinum Industries IPO oversubscribed in an hour; Check details here

26 Mar 2024 , 03:18 PM

The initial public offering (IPO) of Platinum Industries commenced today and has garnered a subscription of 1.55 times. The IPO will remain open for subscription until February 29. The company has set the IPO price in the range of ₹162-171 per share for its ₹235 crore issue. Investors can bid for a minimum of 87 equity shares in one lot and in multiples thereof. Investors interested in subscribing to the IPO can click here to do so.

On the first day, the issue received bids for 1,49,60,172 equity shares, surpassing the 96,32,988 shares available for subscription within the first hour. The retail portion of the IPO has been oversubscribed by 2.55 times, while the Non-Institutional Investor (NII) portion has received a subscription of 1.99 times. However, the Qualified Institutional Buyer (QIB) portion has not received any subscriptions yet.

Additionally, the company raised ₹14.3 crore in a pre-IPO placement round, allocating 910,700 shares at a price of ₹157 per share.

Established in 2016, Platinum Industries is a multi-product company engaged in manufacturing stabilizers, including PVC stabilizers, CPVC additives, and lubricants. For the period ended September 30, 2023, the company reported a revenue of ₹129 crore, with a net profit of ₹23 crore during the same period.

Unistone Capital Pvt Ltd is serving as the book-running lead manager of the IPO, while Bigshare Services Pvt Ltd is the registrar. 

Related Tags

  • Platinum Industries IPO
  • Platinum Industries IPO details
  • Platinum Industries IPO GMP
  • Platinum Industries IPO live subscription
  • Platinum Industries IPO news
  • Platinum Industries IPO subscribe
  • Platinum Industries IPO subscription
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.


Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp