IPO Alert: Platinum Industries IPO

IPO Alert: Platinum Industries IPO

Feb 27, 2024 - 22:03
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IPO Alert: Platinum Industries IPO

The subscription period for Platinum Industries' IPO begins on February 27, 2024, and ends on February 29, 2024. On Friday, March 1, 2024, the allocation for the Platinum Industries IPO is anticipated to be completed. The tentative listing date for Platinum Industries' initial public offering (IPO) is Tuesday, March 5, 2024, on the BSE and NSE.

With an 8.05 times subscription on the first day of bidding, Platinum Industries Limited's Initial Public Offering (IPO) got off to a great start. This indicates that there are more than eight times as many shares available for purchase as there are people looking to purchase.

Current GMP: 100+

About the Comapny:

Platinum Industries Limited is a stabilizer-producing firm that was founded in August 2016. The company produces lubricants, CPVC additives, and PVC stabilizers. Products from the company are utilized in packaging materials, rigid PVC foam boards, SPC floor tiles, electrical wires and cables, PVC fittings, PVC pipes, and more. Situated in Palghar, Maharashtra, the company's manufacturing facility has 21,000 square feet of land.
Between 2018 and 2023, the revenue from operations increased at a compound annual growth rate (CAGR) of 42.11%, from ₹284.19 million to ₹2,340.56 million. The company operates twelve distribution centers around India as of July 2023.

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