Platinum Industries IPO Share Listing Price Prediction - GMP still on fire! Check listing date

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Platinum Industries IPO Share Listing Price Prediction – GMP still on fire! Check listing date

By Editorial team of BIPNs│Published On: May 13, 2024│2.3 min read│Views: 372│0 Comments│

Updated Mar 4, 2024 | 01:23 PM IST

Platinum Industries IPO Share Listing Price Prediction: Platinum Industries Limited is set to list on the bourses tomorrow. The issue is commanding a strong grey market premium (GMP) in the unlisted market, however, in the recent few days the premium has slumped a little. Check Platinum Industries IPO listing price prediction.

Platinum Industries IPO Share Listing Price Prediction: Platinum Industries is engaged in the business of manufacturing stabilizers. (Image: iStock/Company’s website/ET NOW News)

Platinum Industries IPO Share Listing Price Prediction: Platinum Industries Limited is set to make its market debut tomorrow on Tuesday, March 5, 2024. The initial public offering (IPO) of Platinum Industries opened for subscription on February 27 and closed on February 29. The Platinum Industries IPO is set to make a bumper listing, as its grey market premium (GMP) in the unlisted market is still on fire. Read on to check Platinum Industries IPO share listing price prediction.

Platinum Industries is engaged in the business of manufacturing stabilizers. Its business segment also includes PVC stabilizers, CPVC additives, and lubricants. The company’s products are used in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc. The manufacturing facility of the company is situated in Palghar, Maharashtra, and spreads across 21,000 sq. ft. of land.

Platinum Industries Limited IPO Subscription Status

Platinum Industries IPO has been subscribed 99.03 times in total as the issue received bids for 95.39 crore equity shares as against 96.32 lakh shares on the offer.

The public issue is subscribed 50.99 times in the retail category, 151 times in the Qualified Institutional Buyers’ (QIB) category, and 141.83 times in the Non-Institutional Investors’ (NII) category.

Platinum Industries Limited IPO GMP Today

According to several websites that track grey market activities, Platinum Industries shares are commanding a strong grey market premium. Its shares are trading at a premium of Rs 85. A week ago, the unlisted shares of platinum Industries were trading with a premium of Rs 100 apiece.

Platinum Industries Limited IPO Listing Price Prediction

Considering the upper price band of Rs 171 and the current GMP of Rs 85, the estimated listing price of Platinum Industries Limited IPO is Rs 256. This translates into a GMP of around 49.71 per cent over the issue price.

Platinum Industries Limited IPO Share Listing Date

The equity shares of Platinum Industries Limited have been proposed to be listed on both the leading exchanges – NSE and BSE. The listing will take place on March 5, 2024, and the trading in the counter will begin thereafter.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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