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.

What is the estimated listing price for Platinum Industries Limited IPO?

Based on the upper price band of ₹171 and current GMP of ₹87, the estimated listing price is ₹258 (approx. 50.9% gain).

What is the expected profit per lot for Platinum Industries Limited IPO?

With a lot size of 87 shares and current GMP of ₹87, expected profit per retail application lot is approximately ₹7,569.

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Grey Market Intelligence

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

Live Grey Market Premium

Platinum Industries Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹87+50.9%

Issue Price (Upper)

₹171

Band: ₹162 – ₹171

Estimated Listing Price

₹258

Upper price + GMP

Lot Size

87 shares

Min investment ₹14,877

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹87	50.9%	₹258
30 Oct 2026	+₹87	50.9%	₹258
29 Oct 2026	+₹78	45.8%	₹249

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Platinum Industries Limited IPO GMP today?

The latest grey market premium for Platinum Industries Limited IPO is ₹87, which indicates an expected listing price of ₹258.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.