Platinum Industries IPO: All you need to know

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Key Points

Platinum Industries, specialising in stabilisers, is set for its Rs 235.32 crore IPO debut with 1.38 crore fresh shares opening on February 27, 2024.. ...

Platinum Industries, a company specialising in producing stabilisers, is gearing up for its Initial Public Offering (IPO), set to open for subscription on February 27, 2024...

The IPO, valued at Rs 235.32 crores, consists of 1.38 crore fresh shares...

Strategic Non-Institutional Investors (sNIIs) and Business Non-Institutional Investors (bNIIs) have their respective minimum lot sizes and investment amounts set at 14 lots (1,218 shares) for Rs 208,278 and 68 lots (5,916 shares) for Rs 1,011,636...

The company aims to use the funds raised through the IPO, primarily for investment in its subsidiary, Platinum Stabilizers Egypt, funding capital expenditure for a manufacturing facility in Palghar, Maharashtra, and meeting working capital requirements, alongside general corporate purposes...

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