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February 27, 2024 - February 29, 2024

Platinum Industries IPO Subscription Details

Platinum Industries IPO Subscription Status Live

Platinum Industries IPO subscribed 98.99 times. The public issue subscribed 50.92 times in the retail category, 151.00 times in QIB, and 141.79 times in the NII category by February 29, 2024 (Day 3).

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions151.002,752,37541,56,16,4007,107.04
Non-Institutional Buyers141.792,064,18429,26,88,1845,004.97
  bNII (bids above ₹10L)138.461,376,12319,05,40,7883,258.25
  sNII (bids below ₹10L)148.46688,06110,21,47,3961,746.72
Retail Investors50.924,816,42924,52,42,0384,193.64
Employees[.]000
Others[.]000
Total 98.999,632,98895,35,46,62216,305.65

Total Application : 3,305,533 (59.71 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.


Platinum Industries IPO (Day-wise) Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
February 27, 2024
0.0713.6810.478.19
Day 2
February 28, 2024
0.9042.9725.7622.35
Day 3
February 29, 2024
151.00141.7950.9298.99

Platinum Industries IPO Shares Offered

Platinum Industries IPO is a public issue of 13,761,225 equity shares. The issue offers 4,816,429 shares to retail investors, 2,752,375 shares to qualified institutional buyers, and 2,064,184 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
Anchor Investor4,128,23770.5930.00%
QIB2,752,37547.0720.00%
NII2,064,18435.3015.00%
    bNII (bids above ₹10L)1,376,12323.5310.00%
    sNII (bids below ₹10L)688,06111.775.00%
Retail4,816,42982.3635.00%
Total13,761,225235.32100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.

Platinum Industries IPO Subscription FAQs

The Platinum Industries IPO is subscribed 98.99 by February 29, 2024.

Platinum Industries IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional151.00
Non Institutional141.79
Retail Individual50.92
Employee Reservations[.]
Others[.]
Total Subscription98.99

Retail category of Platinum Industries IPO subscribed 50.92 times as of date February 29, 2024. The public issue closes on February 29, 2024 for bidding.

An investor can apply in Platinum Industries IPO online via bank (using ASBA) or the broker (using UPI). The Platinum Industries IPO shares are offered online only.

The Platinum Industries IPO is subscribed 98.99 by February 29, 2024.

The Platinum Industries IPO allotment status is expected on or around March 1, 2024. Visit Platinum Industries IPO allotment status to check.

The Platinum Industries IPO listing date is Tuesday, March 5, 2024. The equity share of Platinum Industries Limited will list on BSE, NSE.

Visit Platinum Industries IPO subscription status page for real-time bidding information about Platinum Industries IPO.

Platinum Industries IPO Timetable

IPO Opens OnFebruary 27, 2024
IPO Closes OnFebruary 29, 2024
Finalisation of Basis of AllotmentMarch 1, 2024
Initiation of RefundsMarch 4, 2024
Credit of Shares to Demat AccountMarch 4, 2024
IPO Listing DateMarch 5, 2024