Platinum Industries IPO allotment – How to check allotment, GMP, listing date and more

• Platinum Industries is expected to announce its share allotment status on Friday, March 1.
• The shares of Platinum Industries were subscribed 98.99 times.
• The shares are expected to be listed on the stock exchanges on March 5.

Mumbai-based Platinum Industries, which manufactures PVC stabilisers, CPVC additives and lubricants is expected to announce the allotment status of its initial public offering (IPO) on Friday, March 1.

The Platinum Industries IPO opened on February 27 and closed on February 29. The price band for the IPO was ₹162 to ₹171 per share.

Robust subscription

On the last day, the Platinum Industries IPO was subscribed 98.99 times, receiving bids for 94.05 crore equity shares against 96.33 lakh shares on offer.

While the qualified institutional buyer portion was subscribed 151 times, the non-institutional investors portion was subscribed 141.79 times. The retail portion also witnessed excellent participation and was subscribed 50.92 times.

Grey market premium

The shares of Platinum Industries are currently commanding a grey market premium (GMP) of ₹100 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status

You can check the allotment status on the registrar’s website.

• To check the Platinum Industries IPO allotment status, visit the registrar’s website here.
  
• Click on ‘Select Company’ and then select ‘Platinum Industries’.
  
• Now, select PAN, application number, or beneficiary ID and provide the details.
  
• Now, enter the captcha.
  
• Click on “Search”.
  

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Platinum Industries IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
  
• On the website, click on 'Equity' and then select ‘Platinum Industries’ from the dropdown menu.
  
• Now, enter your application number and PAN.
  
• Click on 'Search'.
  

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

Platinum Industries IPO listing date

The shares of Platinum Industries will be listed on the stock exchanges on March 5.

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