The Platinum Industries IPO minimum market lot is 87 shares with ₹14,877 application amount. The Platinum Industries IPO is an Mainline IPO, and it is to be listed on BSE & NSE.
Platinum Industries is a multi-product company engaged in the business of manufacturing stabilizers. Their business segment includes PVC stabilizers, CPVC additives, and lubricants. They operate in the specialty chemicals industry. Their products find their application in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc. The Indian specialty chemicals industry, accounting for ~26% of the overall chemicals industry (excluding pharmaceuticals), was worth $29 billion in fiscal 2020. The industry expanded at 6.7% CAGR over fiscals 2015-20, driven by an increase in domestic offtake from various end-user industries and rising exports. However, in fiscal 2021, the industry declined 3.4% on-year because of a slowdown in economic activity and the consequent decline in demand from end-user industries. The industry exhibited recovery in fiscal 2022 with an estimated worth of $33.5 billion.
IPOWatch View
We recommend investors may apply for an IPO with short-term and Longterm-views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Platinum Industries IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.07 | 0.90 | 151.00 |
| NII | 13.68 | 42.97 | 141.79 |
| bNII | 10.32 | 34.57 | 138.46 |
| sNII | 20.24 | 59.67 | 148.46 |
| RII | 10.47 | 25.76 | 50.92 |
| Total | 8.19 | 22.35 | 98.99 |
Platinum Industries IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Platinum Industries IPO Review
- May Apply
Platinum Industries IPO Form
How to apply for the Platinum Industries IPO? You can apply for Platinum Industries IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Platinum Industries IPO in the Invest section. The other option is you can apply for Platinum Industries IPO via IPO forms downloaded online. Check out the Platinum Industries forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
