Platinum Industries IPO Oversubscribed 8 Times on Day 1
Platinum Industries'' IPO received 8.04 times subscription on the first day, with strong interest from non-institutional investors and retail investors.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Feb 27 (PTI) The initial public offer of Platinum Industries received 8.04 times subscription on the first day of share sale on Tuesday.
The Rs 235 crore-IPO received bids for 7,74,20,952 shares against 96,32,988 shares on offer, as per NSE data.
The portion meant for non-institutional investors got subscribed 13.58 times while the Retail Individual Investors (RIIs) quota received 10.21 times subscription. The category for Qualified Institutional Buyers (QIBs) fetched 7 per cent subscription.
The Initial Public Offer (IPO) has a fresh issue of up to 1,37,61,225 equity shares.
The price range for the offer is fixed at Rs 162-171 a share.
Platinum Industries has mobilised over Rs 70 crore from anchor investors.
Platinum Industries, a multi-product company, is engaged in the business of manufacturing stabilisers.
Unistone Capital is the manager to the offer.
The Rs 235 crore-IPO received bids for 7,74,20,952 shares against 96,32,988 shares on offer, as per NSE data.
The portion meant for non-institutional investors got subscribed 13.58 times while the Retail Individual Investors (RIIs) quota received 10.21 times subscription. The category for Qualified Institutional Buyers (QIBs) fetched 7 per cent subscription.
The Initial Public Offer (IPO) has a fresh issue of up to 1,37,61,225 equity shares.
The price range for the offer is fixed at Rs 162-171 a share.
Platinum Industries has mobilised over Rs 70 crore from anchor investors.
Platinum Industries, a multi-product company, is engaged in the business of manufacturing stabilisers.
Unistone Capital is the manager to the offer.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 7.37 (+ 2.65)
- 26687870
- Standard Capital
- 0.50 (+ 4.17)
- 6378553
- Suzlon Energy Ltd.
- 54.73 (+ 3.21)
- 4811213
- GTL Infrastructure
- 1.48 ( -0.67)
- 4698806
- AvanceTechnologies
- 0.65 (+ 4.84)
- 4623932
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback