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 current subscription status of Platinum Industries Limited IPO?

Platinum Industries Limited IPO has received a total subscription of 98.99 times overall.

IPO GreyPremiumLIVE

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

98.99x

Total Demand

QIB Multiplier

151.01x

Institutions & Funds

NII / HNI

141.80x

High Net-Worth

Retail (RII)

50.91x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 98.99x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	2,752,245	415,616,400	151.01x
NIB	2,064,249	292,701,669	141.80x
HNIs(10L +)	1,376,166	190,540,788	138.46x
HNIs (2-10L)	688,083	102,160,881	148.47x
RETAIL	4,816,494	245,221,680	50.91x
Total	11,697,237	1,246,241,418	98.99x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 54.15x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	55,362	2,818,479	50.91x
HNIs (10L +)	354	50,197	141.80x
HNIs (2-10L)	1,695	240,351	141.80x
Total Applications	57,411	3,109,027	54.15x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Platinum Industries Limited IPO is ₹87 per equity share. Based on the upper price band of ₹162 to ₹171 per equity share, the estimated listing price is ₹258 (+50.9% expected listing 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, the expected profit per application lot is approx ₹7,569 (+50.9% gain). Minimum application cost is approx ₹14,877.

What is the issue size and price band for Platinum Industries Limited IPO?

The Platinum Industries Limited IPO aggregate issue size is ₹235.32 Crores with an equity price band set at ₹162 to ₹171 per equity share. The retail lot size is 87 shares requiring a minimum capital outlay of approx. ₹14,877.

How can I check Platinum Industries Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 98.99x (Retail: 50.91x, QIB: 151.01x, NII: 141.80x). You can track live multiples directly on our dedicated subscription page.

Where and when will Platinum Industries Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-03-01. Investors can verify status using PAN card or application number.

When is the listing date for Platinum Industries Limited IPO?

Platinum Industries Limited shares are scheduled to list on NSE and BSE on 2024-03-05.