Platinum Industries IPO Subscription Details

Bookbuilding IPO | ₹235 Cr | Listed at BSE, NSE | Tue, Feb 27, 2024 - Thu, Feb 29, 2024

Basis of Allotment - Platinum Industries IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares)27,52,37541,28,23768,80,6126,88,06113,76,12320,64,18448,16,4291,37,61,225
Allotment price (Rs.)171171171171171171171171
No.of applications84109480,05231,1201,11,17222,92,43424,03,700
No.of shares applied41,31,83,70678,07,60242,09,91,30810,24,29,71118,99,86,33729,24,16,04824,16,24,31795,50,31,673
Amount collected (Rs.cr.)7,065.44 133.51 7,198.95 1,751.55 3,248.77 5,000.31 4,131.78 16,331.04
No.of times subscribed150.121.8961.19148.87138.06141.6650.1769.40
No.of shares allotted27,52,37541,28,23768,80,6126,88,06113,76,12320,64,18448,16,4291,37,61,225
Amount (Rs.cr.)47.07 70.59 117.66 11.77 23.53 35.30 82.36 235.32
No.of allottees847915641,1291,69355,36157,145

IPO Shares Offered

Platinum Industries IPO is a public issue of 1.38 Cr equity shares. The issue offers 0.48 Cr shares to retail investors, 0.69 Cr shares to qualified institutional buyers, and 0.21 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
QIB 68,80,612117.66 50.00%
    Anchor 41,28,237 70.59 30.00%
    QIB (Ex Anchor) 27,52,375 47.07 20.00%
NII 20,64,18435.30 15.00%
    bNII (> ₹10L)13,76,12323.53 10.00%
    sNII (< ₹10L)6,88,06111.77 5.00%
Retail48,16,42982.36 35.00%
Total1,37,61,225235.32 100%

Platinum Industries IPO Anchor Investor Allocation

A total of 41,28,237 shares at a price of Rs 171 per share will be allotted to the anchor investors.

Anchor investors bid opening dateFeb 26, 2024
Anchor investor price₹171.00
Anchor investors as % of QIBs60.00%
No. of shares locked-in for 30 days20,64,119
No. of shares locked-in for 90 days20,64,119
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 BARING PRIVATE EQUITY INDIA AIF II BARING 14,62,035 25.00 35.42 10.62
2 ELARA INDIA OPPORTUNITIES FUND LTD. ELARA 10,28,688 17.59 24.92 7.48
3 SAINT CAPITAL FUND SAINT CAPITAL 4,09,422 7.00 9.92 2.98
4 LEADING LIGHT FUND VCC-THE TRIUMPH FUND LEADING LIGHT FUND VCC 3,50,871 6.00 8.50 2.55
5 ANTARA INDIA EVERGREEN FUND LTD. ANTARA 2,92,407 5.00 7.08 2.12
6 NAV CAPITAL VCC-NAV CAPITAL EMERGING STAR FUND NAV CAPITAL 2,92,407 5.00 7.08 2.12
7 ASTORNE CAPITAL VCC-ARVEN ASTORNE CAPITAL 2,92,407 5.00 7.08 2.12
41,28,23770.5910030.00

IPO Subscription FAQs

The Platinum Industries IPO is subscribed 98.99 times by Feb 29, 2024 18:20.

Platinum Industries IPO Subscription

Investor Category Subscription (times)
Qualified Institutional151
Non Institutional141.79
Retail Individual50.92
Total Subscription98.99

Retail category of Platinum Industries IPO subscribed 50.92 times as of date Feb 29, 2024 18:20. The public issue closes on Thu, Feb 29, 2024 for bidding.

An investor can apply in Platinum Industries IPO online via bank (using ASBA) or the broker (using UPI). The Platinum Industries IPO shares are offered online only.

The Platinum Industries IPO is subscribed 98.99 times by Feb 29, 2024 18:20.

The Platinum Industries IPO allotment status is expected on or around Friday, March 1, 2024. Visit Platinum Industries IPO allotment status to check.

The Platinum Industries IPO listing date is March 5, 2024. The equity share of Platinum Industries IPO will list on BSE, NSE.

Visit Platinum Industries IPO subscription status page for real-time bidding information about Platinum Industries IPO.

Platinum Industries IPO Timetable

IPO opens OnTuesday, February 27, 2024
IPO Closes OnThursday, February 29, 2024
Finalisation of Basis of AllotmentFriday, March 1, 2024
Initiation of RefundsMonday, March 4, 2024
Credit of Shares to Demat AccountMonday, March 4, 2024
IPO Listing DateTuesday, March 5, 2024
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