Platinum Industries IPO oversubscribed on day 3 led by NII, retail investors; check GMP, subscription status, key dates.
Also Read: Platinum Industries IPO last bidding day today: Should you subscribe to the issue? Check GMP, subscription status Platinum Industries IPO continued to pick up momentum on the second day of subscription. Platinum Industries IPO subscription status on day 2 was 22.22 times, as per BSE data. Platinum IPO's retail portion was subscribed 25.56 times, the NII portion was booked 42.88 times, and Qualified Institutional Buyers (QIBs) portion was booked 90%.
Platinum Industries IPO was fully booked within the first hour of its opening owing to strong response from retail investors and non institutional investors (NIIs). Platinum IPO subscription status was 8.06 times, as per BSE data. Platinum IPO's retail portion was subscribed 10.26 times, the NII portion was booked 13.60 times, and Qualified Institutional Buyers (QIBs) portion is booked 7%.
Platinum Industries IPO has opened for bidding on Tuesday, February 27, and will close on Thursday, February 29. Platinum IPO raised ₹70.59 crore from anchor investors on Monday, February 26. Also Read: Platinum Industries IPO: Planning to invest? Here are 10 key things to know from RHP before subscribing 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. "Exciting news! Mint is now on WhatsApp Channels
. Read more on livemint.com
