Platinum Industries' IPO begins next week. GMP, valuation, size, more details about the upcoming IPO

Platinum Industries IPO: The initial public offering (IPO) of Platinum Industries Limited will take place on the primary market on February 27, 2024, which is Tuesday next week. According to the information available on the NSE website, the price range for this upcoming IPO has been fixed at ₹162 to ₹171 per share. The date set for Platinum Industries' IPO is February 27-29, 2024.

This means the Book Build edition will remain open from Tuesday to Thursday next week. The company's goal is to increase ₹235.32 crore from this public offer by issuing fresh issues.

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Meanwhile, ahead of Platinum Industries' IPO, the gray market is extremely bullish on the 100 percent book-build issue with the subscription opening.

According to the stock market observers, shares of Platinum Industries Limited are available at a robust premium of ₹88 per share on the gray market today.

Important details about Platinum Industries' IPO

1]Platinum Industries IPO GMP: Shares in the company are available at a premium of ₹88 are on the gray market today, market watchers say.

2]Platinum Industries IPO Date: The book edition will be published on February 27, 2024 and ends on February 29, 2024.

3] Platinum Industries IPO price: The company has a fixed price range for the public issue ₹162 to ₹171 per share.

4]Platinum Industries IPO Size: The company's goal is to increase ₹235.32 crore from this public offer by issuing fresh issues.

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5]Platinum Industries IPO lot size: A bidder can apply in lots, whereby one lot will consist of 87 shares of the company.

6]Platinum Industries IPO Allotment Date: Completion of the share allocation can be expected on March 1, 2024.

7]Platinum Industries IPO Registrar: Bigshare Services Private Limited has been appointed as the official registrar of the Book Build edition.

8]Platinum Industries IPO: The Book Build issue is proposed for listing on BSE and NSE.

9]Platinum Industries Listing Date: The public issue can be listed on March 5, 2024.

10]Platinum Industries IPO Rating: In the financial year 2023-24, the energy solutions provider reported an increase in revenue of around 22.90 percent year-on-year and an increase in PAT during this period of over 112 percent.

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