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News Details

21/02/2024 17:01

Platinum Industries announces launch of initial public offering

Platinum Industries Ltd. has announced public offering of 13761226 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 147.00 per share. The gross proceeds of the issue are expected to be Rs 21,605.12 lakhs.

The company's initial public offer (IPO) will open on 27 February 2024 and is expected to close on 29 February 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 150.00-157.00 per share.

The IPO includes a fresh Issue of 13761226 Equity Shares of the Company at an price of Rs 157.00 per Equity Share. The company has fixed the minimum bid lot for the issue at shares with bids in multiples of .

Platinum Industries Ltd. anticipates using the proceeds of the issue for .

Unistone Capital Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.