Platinum Industries IPO Subscription Status – IPO Closed

Platinum Industries IPO subscription status started on Tuesday February 27, 2024 and will close on February 29, 2024. Platinum Industries IPO to raise around ₹216.05 crores via IPO. The retail quota is 35%, QIB is 50% and NII is 15%. The price band is fixed at ₹162 to ₹171 per equity share.

Platinum Industries IPO

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

CategoryDay 1Day 2Day 3
QIB0.070.90151.00
NII13.6842.97141.79
bNII10.3234.57138.46
sNII20.2459.67148.46
RII10.4725.7650.92
Total8.1922.3598.99


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.

Platinum Industries IPO Subscription Status FAQs:


When Platinum Industries IPO Subscription will start?

The IPO subscription starts on February 27, 2024 for NII, QIB and Retail Investors.

How to subscribe Platinum Industries IPO?

You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.

How do I check live Platinum Industries IPO Subscription Numbers Today?

One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official websites. One can check the live subscription on official websites on the particular IPO page.

How to Apply the Platinum Industries IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Platinum Industries “. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Platinum Industries IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Platinum Industries “. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Platinum Industries IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Platinum Industries ” Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

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