Platinum Industries..

Platinum Industries IPO subscribed 22.22 times on Day 2

The Initial Public Offering of Platinum Industries Limited was subscribed 22.22 times on the second day of bidding.

The issue received bids of 21,40,84,467 shares against the offered 96,32,988 equity shares, at a price band of ₹162-171, according to the data available on the stock exchanges.

Non-Institutional Investors Portion was subscribed 42.88 times, Retail Portion was subscribed with 25.56 times, whereas Qualified Institutional Buyer Portion subscribed 0.90 times. The issue kicked off for subscription on Tuesday, February 27, 2024 and will close on Thursday, February 29, 2024.

A day prior to the opening of the issue, Platinum Industries Ltd had raised Rs 70.59 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor were Baring Private Equity India AIF 2, Elara India Opportunities Fund, Saint Capital Fund, Antara India Evergreen Fund Ltd, Nav Capital VCC - NAV Capital Emerging Star Fund, Astorne Capital VCC Arven, Leading Light Fund VCC - The Triumph Fund.

Leading brokerage firms like Ventura Securities, BP Wealth, AnandRathi and Hensex have given a “Subscribe” rating to Platinum Industries Ltd, given its varied and specialized product portfolio catering to diversified industries, in-house R&D capabilities and consistent financial performance. They are the third largest player of PVC stabilizer in terms of sales with an ~13.00% market share for the financial year 2022-23 in the domestic market.

Platinum is also expanding its global market reach by establishing a new manufacturing facility in Egypt and trying to increase its market share both in its domestic and global markets.

Dependence of revenue from few customers, lack of long-term arrangements and an inability to effectively utilize their expanded manufacturing capacities are pointed out as key risks of the company by the brokers.

Unistone Capital Private Limited is the sole book running lead manager and Bigshare Services Private Limited is the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE.

PLATINUM INDUSTRIES LIMITED

Last updated on
28 Feb 2024 | 05:00:00 PM

Sr.No.

Category

No.of shares offered / reserved

No. of shares bid for

No. of times of total meant for the category

1

Qualified Institutional Buyers (QIBs)

27,52,375

24,67,755

0.90

1(a)

Foreign Institutional Investors (FIIs)

-

4,872

-

1(b)

Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)

-

13,311

-

1(c)

Mutual Funds

-

-

-

1(D)

Others

-

24,49,572

-

2

Non Institutional Investors(NIIS)

20,64,184

8,85,15,975

42.88

2.1

Non Institutional Investors(Bid amount of more than Ten Lakh Rupees)

13,76,123

4,75,73,079

34.57

2.1(a)

Corporates

-

5,41,749

-

2.1(b)

Individuals (Other than RIIs)

-

4,22,38,935

-

2.1(c)

Others

-

47,92,395

-

2.2

Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees)

6,88,061

4,09,42,896

59.50

2.2(a)

Corporates

-

78,213

-

2.2(b)

Individuals (Other than RIIs)

-

3,65,84,109

-

2.2(c)

Others

-

42,80,574

-

3

Retail Individual Investors (RIIs)

48,16,429

12,31,00,737

25.56

3(a)

Cut Off

-

10,89,15,735

-

3(b)

Price Bids

-

1,41,85,002

-

4

Employee Reserved

-

-

-

4(a)

Employee (Cut off)

-

-

-

4(b)

Employee (Price)

-

-

-

5

Reservation PortionShareholder

-

-

-

5(a)

RPS (Cut off)

-

-

-

5(b)

RPS (Price)

-

-

-

Total

96,32,988

21,40,84,467

22.22

Comments

Post a Comment

Popular posts from this blog

GJEPC Unveils Exclusive Gem & Jewellery Show..

Image
GJEPC Unveils Exclusive Gem & Jewellery Show in Jaipur for International Buyers IGJS 2024 witnessed 250 international buyers from 27 countries 54 jewellery manufacturers and exporters showcased an array of diamonds, Loose Gemstones, Gemstone & Diamond Studded Jewellery, and Silver Jewellery. Jaipur, 12 th  April 2024:  The apex body of the gem and jewellery industry in India, GJEPC hosted the 3 rd  edition of International Gem & Jewellery Show (IGJS) in Jaipur. The event, powered by Gemfields, is being held from 12 th  to 14 th  April at Novotel Jaipur Convention Centre, Jaipur. IGJS Jaipur is a curated event, showcasing the best of Indian craftsmanship, featuring over 54 jewellery manufacturers and exporters presenting an array of Diamonds, Loose Gemstones, Gemstone & Diamond Studded Jewellery, and Silver Jewellery. IGJS 2024 witnessed 250 international buyers from 27 countries, spanning Algeria, Argentina, Australia, Brazil, Canada, Egypt, Greece, Iran, Italy, Jordan,
Read more

कोल्हापूर फिल्म कंपनी 'विठ्ठल दर्शन' अभिनेते जितेंद्र जोशी सादरीकरण करणार

Image
आषाढी एकादशीला  वारक-यांसाठी आगळंवेगळं  ‘ विठ्ठल दर्शन ’..! विठ्ठल भक्तांचा श्वास आणि ध्यास असणारी पंढरीची पायी वारी कोरोनामुळे यावर्षी थांबवावी लागली. विठ्ठला,जीवात जीव असेपर्यंत दरवर्षी पायी वारी करत तुझ्या दर्शनाला येईन असा विठ्ठलाला शब्द दिलेल्या वारकऱ्यांच्या काळजाचा जणू ठोकाच चुकला. या आषाढीला चंद्रभागेच्या तीरी झेंडा पताका फडकणार नाहीत, हरिनामाचा जयघोष होणार नाही, रिंगण होणार नाही, वारकऱ्यांना विठू माऊलीचं दर्शन घेता येणार नाही. याची देही याची डोळा विठ्ठलरूप मनात साठवता येणार नाही. धांवोनियां आलो पहावया मुख । गेले माझे दुःख जन्मांतरिंचे ॥ ऐकिले ही होते तैसे चि पाहिले । मन स्थिरावले तुझ्या पायी॥ तासनतास दर्शन रांगेत उभं राहून माऊलीचं दर्शन घेऊन मुक्ती अनुभवणारे आपले वारकरी. यावर्षी मात्र विठ्ठलाच्या वारकऱ्यांसाठीची आनंदाची पर्वणी अर्थात वारी आळंदीहून निघाली नाही. विठ्ठल भेटीची आस लागलेल्या तमाम विठ्ठल भक्तांसाठी काही करता येईल का असा विचार करत आषाढी एकादशी दिवशी लाखो वारकऱ्यांसाठी सचिन बाळासाहेब सुर्यवंशी यांचं लिखाण असलेलं विठ्ठलाचं एक आगळंवेगळं 'दर्शन' अभिनेते
Read more

Racks & Rollers..

Racks & Rollers - Storage Technologies and Automation Limited’s SME Initial Public Offering to open on Tuesday, April 30, 2024, price band set at ₹73/- to ₹78/- per Equity Share Price Band of ₹73/- – ₹78/- per equity share bearing face value of ₹10/- each (“Equity Shares”) Bid/Offer Opening Date – Tuesday, April 30, 2024 and Bid/Offer Closing Date – Friday, May 03, 2024. Minimum Bid Lot is 1600 Equity Shares and in multiples of 1600 Equity Shares thereafter. The Floor Price is 7.3 times the face value of the Equity Share and the Cap Price is 7.8 times the face value of the Equity Share Mumbai, April 29, 2024: Bengaluru-based Racks & Rollers - Storage Technologies and Automation Limited is engaged in a storage racking system, with specialising in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions, has fixed the price band of ₹73/- to ₹78/- per Equity Share of face value ₹10/- each for its maiden initial public of
Read more