Platinum Industries IPO: Planning to invest? Here are 10 key things to know from RHP before subscribing
₹162-171, according to the data available on the stock exchanges. Also read: Platinum Industries IPO opens next week.
GMP, review, size, other details about upcoming IPO As per the information available on the NSE website, the price band of this upcoming IPO has been fixed at ₹162 to ₹171 per equity share. Platinum Industries IPO has reserved not less than 20% of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15% for Non Institutional Investors (NII), and not more than 35% of the offer is reserved for Retail Investors.
Platinum Industries IPO is a book built issue of ₹235.32 crores. The issue is entirely a fresh issue of 1.38 crore shares.
The company plans to utilise the net proceeds towards - Investment in the subsidiary, Platinum Stabilizers Egypt LLC ("PSEL"), for financing its capital expenditure requirements about the setting up of a manufacturing facility for PVC Stabilizers at SC Zone 'Governorate of Suez Egypt', funding of capital expenditure requirements of the company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, funding working capital requirements of our company and general corporate purposes. Also read: Platinum Industries IPO opens today: GMP, issue details, 10 key things to know before subscribing to ₹235-crore issue Here are key things from the Red Herring Prospectus (RHP) that investors might want to know before subscribing to the issue.
The promoters of the company are Krishna Dushyant Rana and Parul Krishna Rana, according to the Red Herring Prospectus (RHP). Promoters collectively hold and aggregate of 38,987,030 equity shares equivalent to 94.72% of the issued, subscribed and paid-up pre-issue equity share capital
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