Platinum Industries Limited IPO
Platinum Industries Limited was a mainboard IPO, offered at ₹162–₹171 per share to raise ₹235 crore. The issue was subscribed 99.03× overall (QIBs 151×, NIIs 141.83×, retail 50.99×). It listed on 5 Mar 2024 at ₹225 and closed its first day at ₹221, a listing gain of +29.4% versus the ₹171 issue price. It now trades around ₹221 (+29.4% versus the issue price).
Frequently asked questions
- How many times was the Platinum Industries Limited IPO subscribed?
- The Platinum Industries Limited IPO was subscribed 99.03× overall — 151× in the QIB category, 141.83× among non-institutional investors, 50.99× in retail.
- What were the Platinum Industries Limited IPO listing gains?
- Platinum Industries Limited listed on 5 Mar 2024 at ₹225, closing its first day at ₹221 — a listing gain of +29.4% versus the ₹171 issue price.
- What were the retail allotment odds for the Platinum Industries Limited IPO?
- Retail was subscribed 50.99×, so a single-lot application had roughly a 2% chance of allotment (about 1 in 51), and allotment was finalised on 1 Mar 2024.
- What was the price band and lot size of the Platinum Industries Limited IPO?
- The price band was ₹162–₹171 per share.