Platinum Industries Limited IPO Allotment Status: Here’s How To Check Status And Latest GMP

The book-built issue of Rs 235.32 crores is Platinum Industries’ first public offering. 1.38 crore shares are being offered in a completely new issuance.

From February 27, 2024, to February 29, 2024, subscriptions for Platinum Industries’ first public offering (IPO) were accepted. It is anticipated that on Friday, March 1, 2024, the allocation for the Platinum Industries IPO would be completed. On Tuesday, March 5, 2024, is when Platinum Industries IPO is tentatively scheduled to list on the BSE and NSE.

The pricing range for Platinum Industries’ IPO is ₹162 to ₹171 per share. An application must have a minimum lot size of 87 shares. Retail investors are required to invest a minimum of ₹14,877. For both sNII and bNII, the minimum lot size investment is ₹208,278 for 14 lots (1,218 shares) and ₹1,011,636 for 68 lots (5,916 shares).

Bigshare Services Pvt Ltd is the registrar for the Platinum Industries IPO, and Unistone Capital Pvt Ltd is the book running lead manager.

Here’s how you can check the allotment status of Platinum Industries Limited IPO: 

Step 1: Go to the BSE website. 

Step 2: Choose ‘Equity’ and then the issue name from the selection menu.

Step 3: Enter your application number as well as your PAN card number and press ‘Search’.

You can also follow a similar procedure to check the allotment status on the Registrar’s website: 

Step 1: Go to the BigShares Services Private Limited website. 

Step 2: Select the IPO name by clicking on ‘Company Selection’.

Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’. 

If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on March 04, 2024

Incorporated in August 2016, Platinum Industries Limited is a company that specializes in producing stabilizers. The company produces lubricants, CPVC additives, and PVC stabilisers. Situated in Palghar, Maharashtra, the company’s manufacturing facility has 21,000 square ft of land. The company operates twelve distribution locations throughout India as of July 2023.

Stabilisers are the primary product of Platinum Industries Ltd. (PIL), a multi-product firm. Lubricants, CPVC additives, and PVC stabilisers are all part of its business category. It therefore deals with specialty chemicals, and the items it produces are used in PVC fittings, pipes, profiles, electrical wires and cables, SPC floor tiles, rigid PVC foam boards, packaging materials and so on.   

Platinum Industries Limited GMP 

Date	GMP
February 24	₹90
February 23	₹90
February 22	₹32

As of February 24, 2024, at 8:58 PM, Platinum Industries’ latest GMP is ₹90. Platinum Industries IPO’s expected listing price (cap price + today’s GMP) is ₹261 with the price band of 171.00.52.63% is the projected gain/loss per share.