Platinum Industries IPO
Platinum Industries Limited (PLATIND) · mainboard IPO on NSE and BSE. Listed on 05 March 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +54.9% (likely range +38% to +95%), day's high +63.4%, chance of a gain 97%. Actual: +31.6% at the open, +38.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 27,52,375 | 41,56,16,400 | 151x | |
| NII (HNI) total | 20,64,184 | 29,27,54,565 | 142x | |
| Big NII (above ₹10 lakh) | 13,76,123 | 19,05,40,788 | 138x | |
| Small NII (₹2-10 lakh) | 6,88,061 | 10,22,13,777 | 149x | |
| Retail | 48,16,429 | 24,55,89,081 | 51.0x | |
| Total | 96,32,988 | 95,39,60,046 | 99.0x |
Bids on NSE and BSE together, as published by NSE, as of 29 Feb 2024, 07:00 PM. Shares offered exclude the anchor portion.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Platinum Industries's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Ratnaveer Precision EngineeringSep 2023 | 133x | 135x | 54.0x | 94.0x | ₹165 Cr | +25.7% | +32.0% |
| Aeroflex IndustriesAug 2023 | 195x | 126x | 34.4x | 97.1x | ₹352 Cr | +75.9% | +81.8% |
| Vishnu Prakash R PungliaAug 2023 | 172x | 111x | 32.0x | 87.8x | ₹309 Cr | +66.7% | +66.7% |
| Utkarsh Small Finance BankJul 2023 | 125x | 81.6x | 72.1x | 102x | ₹543 Cr | +60.0% | +92.0% |
| Sigachi IndustriesNov 2021 | 86.5x | 172x | 80.5x | 102x | ₹125 Cr | +249.7% | +267.2% |
| EMSSep 2023 | 153x | 82.3x | 29.8x | 75.3x | ₹322 Cr | +33.7% | +37.9% |
Frequently asked
What is the Platinum Industries IPO price band and lot size? ₹162–171 per share.
How many times has it been subscribed? 99.0x overall: QIB 151x, NII 142x, retail 51.0x.
How did it list? It opened at ₹225, +31.6% against the issue price of ₹171, and closed its first day +29.4%.
