Platinum Industries’ IPO is a book-built issuance worth Rs 235.32 crores. The offering is totally new, totaling 1.38 crore shares.
Platinum Industries’ initial public offering (IPO) started for subscriptions on February 27, 2024 and will close February 29, 2024. The allotment for Platinum Industries’ IPO is expected to be finalized on Friday, March 1, 2024. Platinum Industries’ IPO will be listed on the BSE and NSE, with a tentative listing date set for Tuesday, March 5, 2024.
Platinum Industries’ IPO price ranges from ₹162 to ₹171 per share. The minimum lot size for an application is 87 shares. The minimum investment for retail investors is ₹14,877. The minimum lot size investment for sNII is 14 lots (1,218 shares) for ₹208,278, while for bNII, it is 68 lots (5,916 shares) worth ₹1,011,636.
Platinum Industries IPO Details
| IPO Date | February 27, 2024 to February 29, 2024 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price Band | Rs 162 to Rs 171 per share |
| Lot Size | 87 Shares |
| Total Issue Size | 13,761,225 shares (aggregating up to Rs 235.32 Cr) |
| Fresh Issue | 13,761,225 shares (aggregating up to Rs 235.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 41,163,648 |
| Share holding post issue | 54,924,873 |
Platinum Industries IPO Timeline
| IPO Open Date | Tuesday, February 27, 2024 |
| IPO Close Date | Thursday, February 29, 2024 |
| Basis of Allotment | Friday, March 1, 2024 |
| Initiation of Refunds | Monday, March 4, 2024 |
| Credit of Shares to Demat | Monday, March 4, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 29, 2024 |
Platinum Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | Rs 14,877 |
| Retail (Max) | 13 | 1131 | Rs 193,401 |
| S-HNI (Min) | 14 | 1,218 | Rs 208,278 |
| S-HNI (Max) | 67 | 5,829 | Rs 996,759 |
| B-HNI (Min) | 68 | 5,916 | Rs 1,011,636 |
