Platinum Industries IPO opens today

Platinum Industries IPO price band has been fixed in the range of ₹162 to ₹171 per equity share of face value of ₹10.  

Platinum Industries IPO lot size is 87 equity shares and in multiples of 87 equity shares thereafter. 

Platinum IPO’s retail portion was subscribed 6.01 times, the NII portion was booked 6.19 times, and Qualified Institutional Buyers (QIBs) portion is booked 1%. 

Platinum Industries IPO has received bids for 4,17,68,526 shares against 96,32,988 shares on offer, at 13:57 IST, according to data from the BSE. 

Platinum Industries IPO, which is worth ₹235.32 crore, completely comprises a fresh issue, and there is no offer-for-sale component. 

Platinum Industries share price was indicated at ₹271 apiece, which is 58.48% higher than the IPO price of ₹171. 

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