Platinum Industries IPO allotment: PVC and CPVC additives maker Platinum Industries' IPO worth Rs 235.32 crore concluded with an overall subscription of 99.03 times on Thursday, February 29. Platinum Industries shares are set to be listed on bourses- BSE and NSE- tentatively on Friday, March 5, after the finalisation of the allotment of shares on Tuesday, March 1.

Platinum Industries IPO Subscription status

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According to provisional exchange data, Platinum Industries IPO's share sale received bids for 95,39,60,046 shares against 96,32,988 shares on offer, translating into a subscription of 99.03 times, on Thursday, the third day of the bidding process. 

Category Subscription (No. of times the equity reserved)
Qualified institutional buyers  151
Non-institutional investors 141.83
Retail investors 50.99
Overall 99.03
Source: Exchange data

Platinum Industries IPO: Here's a step-by-step guide on how to check the allotment status

Those who participated in the Platinum Industries IPO can check the status of their application online in two ways: through the BSE website and the website of the registrar.

Platinum Industries IPO allotment status check on BSE

Step 1: Visit the official website of the BSE to check the status of the IPO application online. Login using the direct link: bseindia.com/investors/appli_check.aspx

Step 2: Select 'Equity' under 'Issue Type'

Step 3: Select 'Issue Name'. Either enter the application number in the box or provide your PAN details to proceed further.

Step 4: Click 'submit'.

The status of your Platinum Industries IPO application status will appear on the screen.

Registrar Bigshare Services

A bidder is required to log in at the direct Bigshare Services website and follow through to check the status of the IPO application online.

Platinum Industries IPO allotment status check on Link Intime

Step 1: Log in at the direct Link Intime web link — https://www.bigshareonline.com/ipo_Allotment.html; 

Step 2: Select-- Platinum Industries IPO

Step 3: The bidder then has to enter PAN details and click on the 'Search' option.

The status of your Platinum Industries IPO application status will appear on the screen.

What does Platinum Industries do?

Incorporated in 2016, Platinum Industries specialises in producing stabilisers. The company manufactures PVC stabilisers, CPVC additives, and lubricants.

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