Platinum Industries IPO
Specialty Chemicals - Listed on 05 March 2024
Platinum Industries IPO listing summary
Platinum Industries (Specialty Chemicals) closed its IPO window in 2024 and listed on NSE and BSE on 05 March 2024 at an upper band issue price of Rs 171, opening at Rs 225 for a listing gain of +31.6% and closing day one at Rs 221.2 (+29.4% on closing basis). The IPO was subscribed 98.99x overall - QIB 151.00x, HNI/NII 141.83x, Retail 50.99x. The total issue size was Rs 235.32 Cr (Fresh Issue Rs 235.32 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Platinum Industries IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 0 | +14.62% |
| Day 2 | Rs 0 | +24.56% |
| Day 3 | Rs 0 | +46.78% |
| Day 4 | Rs 0 | +54.39% |
| Day 5 | Rs 0 | +55.56% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Platinum Industries IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Platinum Industries IPO - FAQs
What was the listing gain of Platinum Industries IPO?
Platinum Industries IPO listed at +31.6% versus the upper issue price of Rs 171 on 05 March 2024.
How many times was Platinum Industries IPO subscribed?
Platinum Industries IPO was subscribed 98.99x overall. QIB portion was subscribed 151.00x, HNI / NII 141.83x and Retail 50.99x.
What was the IPO GMP for Platinum Industries?
IPO GMP started at Rs 0 on Day 1 and moved to Rs 0 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.