Platinum Industries IPO Listing LIVE Updates: Strong Debut - Shares list at Rs 225, 31% premium to IPO price

Platinum Industries IPO Listing LIVE Updates, Platinum Industries Share Price NSE, BSE: Price settles at over 31% premium to issue price in pre-open market

In the pre-opening session, Platinum Industries shares settled at Rs 225 on the NSE, a premium of 31.58 per cent to the issue price of Rs 171.

Platinum Industries IPO Listing LIVE Updates, Platinum Industries Share Price NSE, BSE: Price settles at 33% premium to issue price in pre-open market

In the pre-opening session, Platinum Industries shares settled at Rs 228 on the BSE, a premium of 33.33 per cent to the issue price of Rs 171.

Platinum Industries IPO Listing LIVE Updates, Platinum Industries Share Price NSE, BSE: Revenue increase of 22.89%  

The financial year ending March 31, 2023, saw a revenue increase of 22.89% and a Profit After Tax (PAT) surge of 111.76% compared to the previous year.

Platinum Industries IPO Listing LIVE Updates, Platinum Industries Share Price NSE, BSE: What does the company do? 

Platinum Industries, a multi-product company, is engaged in the business of manufacturing stabilisers.

Platinum Industries IPO Listing LIVE Updates, Platinum Industries Share Price NSE, BSE: Anil Singhvi's View on Listing

According to Zee Business Managing Editor Anil Singhvi, shares of Platinum Industries are expected to have strong listing. 

"Shares are expected to list in the range of Rs 250-260," he said. 

The price range for the offer is fixed at Rs 162-171 a share.

Platinum Industries IPO Listing LIVE Updates, Platinum Industries Share Price NSE, BSE: IPO surbscriped 8.04 times  

The initial public offer of Platinum Industries received 8.04 times the subscription on the first day of the share sale on Tuesday.