PLATINUM INDUSTRIES LIMITED

Platinum Industries Limited is coming up with its Initial Public Offering. This IPO is open for subscription from Tuesday, February 27, 2024 and will close on Thursday, February 29, 2024. The price band is decided at Rs 162 to Rs 171 per share. The minimum lot size of this application for the retail category is 87 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 1,218 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 5,916 shares. The minimum amount of investment required for retail category investors is Rs 14,877 (171 x 87 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,08,278 ( 171 x 1,218 shares); for big non-institutional investors, it is Rs 10,11,636 (171 x 5,916 shares). Platinum Industries Limited IPO is a book-built issue of Rs 235.32 crores. This IPO issue is completely a fresh issue of Rs 1.38 crore equity shares.  The allotment for this IPO is expected to be finalized on Friday, March 1, 2024. Platinum Industries Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Tuesday, March 5, 2024. The book running lead manager of Platinum Industries Limited is Unistone Capital Private Limited. The registrar for this IPO is Bigshare Services Private Limited.