Platinum Industries IPO fully booked in less than an hour of opening; retail, NII portion gets full subscription

livemint.com:

BSE data. Platinum IPO's retail portion was subscribed 2.25 times, the NII portion was booked 1.99 times, and Qualified Institutional Buyers (QIBs) portion is yet to be booked.

Also Read: Platinum Industries IPO opens today: Check latest GMP, subscription status, review, key dates, more. Apply or not? Platinum Industries IPO has opened for bidding today (Tuesday, February 27), and will close on Thursday, February 29.

Platinum IPO raised ₹70.59 crore from anchor investors on Monday, February 26. Platinum Industries IPO price band has been fixed in the range of ₹162 to ₹171 per equity share of face value of ₹10.

Platinum Industries IPO lot size is 87 equity shares and in multiples of 87 equity shares thereafter. Platinum IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.