Business Standard

Platinum Industries Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

235.32 cr

Price Range (₹)

171

Lot Size

87

Min Investment (₹)

14,877.00

Listing Exchange

MumbaiNSE

Open Date

27-Feb-2024

Close Date

29-Feb-2024

Listing Date

05-Mar-2024

Platinum Industries Ltd News

    The Shares of Platinum Industries Ltd have now been listed.

    Platinum Industries Ltd IPO Details

    Initial public offer of up to 13,761,225 equity shares of face value of Rs. 10 each (Equity Shares) of Platinum Industries Limited (Company or Issuer) for cash at a price of Rs. 171 per equity share (including a share premium of Rs. 161 per equity share) (Issue Price) aggregating up to Rs. 235.32 crores (Issue). The issue shall constitute 25.05% of the fully-diluted post-issue paid-up equity share capital of the company. The company, in consultation with the brlm, has allotted a pre-ipo placement of 910,700 equity shares by way of a private placement at an issue price of Rs. 157 per equity share (including a premium of Rs. 147 per equity share) for an aggregate consideration of Rs. 14.30 crores. Accordingly, the size of the issue has been reduced by 910,700 equity shares. The investors that have subscribed to the equity shares of the company pursuant to the pre-ipo placement have been informed that there is no guarantee that the issue may come through or the listing may happen and accordingly, the investment was done by the relevant investors solely at their own risk. The face value of equity shares is Rs. 10 each. The issue price is 17.1 times the face value of the equity shares.

    Objective of issue

    Investment in PSEL for financing its capital expenditure requirements in relation to the setting up of the proposed facility 1. Funding of capital expenditure requirements of the company towards setting up of the proposed facility 2. Funding working capital requirements of the company. General corporate purposes.

    Platinum Industries Ltd Contact Details

    Platinum Industries Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@platinumindustriesltd.com

    Website - www.platinumindustriesltd.com