What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Platinum Industries Limited IPO allotment date?

The basis of allotment for Platinum Industries Limited IPO is scheduled to be finalized on 1 Mar 2024.

Where can I check Platinum Industries Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 2 Mar 2024.

Platinum Industries Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

Founded in August 2016, Platinum Industries Limited specializes in manufacturing stabilizers, including PVC stabilizers, CPVC additives, and lubricants, catering to industries such as PVC pipes, electrical wires, SPC floor tiles, and packaging materials. The company operates a state-of-the-art manufacturing facility in Palghar, Maharashtra, covering over 21,000 square feet. Over the six-year period from 2018 to 2023, Platinum Industries has demonstrated remarkable growth, with revenue from operations increasing at a CAGR of 42.11%, reaching ₹2,340.56 crore in 2023. By July 2023, the company expanded its distribution network to twelve centers across India. As of May 31, 2023, its production unit employs 71 staff members and 17 workers, reinforcing its commitment to innovation and industry leadership.

Price Band

₹162 – ₹171

Issue Size

₹235 Cr

Lot Size

87 shares

GMP

₹87

+50.9%

Est. Listing

₹258

at current GMP

Subscribed

98.99x

overall

Open

27 Feb 2024

29 Feb 2024

Allotment

1 Mar 2024

Refund

2 Mar 2024

Demat Credit

3 Mar 2024

Listing

5 Mar 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Platinum Industries Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

1 Mar 2024

Basis finalization

Refunds Initiate

2 Mar 2024

Mandate release

Demat Credit

3 Mar 2024

Shares in demat

Listing Debut

5 Mar 2024

Trading begins

How to Check Platinum Industries Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select Platinum Industries Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Platinum Industries Limited Public Issue & Market Profile

Platinum Industries Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹235.32 Crores. The shares are offered at a price band of ₹162 to ₹171 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-02-29, the basis of allotment is scheduled to be finalized on 2024-03-01. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.