Platinum Industries IPO GMP History
Platinum Industries IPO has been listed on March 5, 2024 at a listing price of ₹225, against the issue price of ₹171 — a gain of ₹54 (+31.58%). The GMP peaked at ₹95 on 2 March 2024 and reached a low of ₹25 on 22 February 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Platinum Industries IPO raised ₹235.32 Cr. through its IPO at a price band of ₹162 to ₹171 per share, with a lot size of 87 shares. The IPO was open for subscription from 27 Feb 2024 to 29 Feb 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:34 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 04 Mar 2024 | ₹ 90 | ▼ | 53% | — | — |
| 02 Mar 2024 | ₹ 95 | ▲ | 56% | — | — |
| 01 Mar 2024 | ₹ 90 | ▼ | 53% | — | — |
| 29 Feb 2024 | ₹ 95 | — | 56% | — | — |
| 28 Feb 2024 | ₹ 95 | ▲ | 56% | — | — |
| 27 Feb 2024 | ₹ 93 | ▲ | 54% | — | — |
| 26 Feb 2024 | ₹ 80 | ▲ | 47% | — | — |
| 24 Feb 2024 | ₹ 42 | ▲ | 25% | — | — |
| 23 Feb 2024 | ₹ 30 | ▲ | 18% | — | — |
| 22 Feb 2024 | ₹ 25 | — | 15% | — | — |
Platinum Industries IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 27 Feb 2024
- Close 29 Feb 2024
- Allotment 01 Mar 2024
- Refund/credit 04 Mar 2024
- Listing 05 Mar 2024
Platinum Industries IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹171 |
|---|---|
| GMP-based estimate (pre-listing) | ₹261 (+52.6%) |
| Listing gain / loss | +₹54 per share |
| Listing date | 05 Mar, 2024 |
| Actual listing price | ₹225 (+31.58%) |
Is Platinum Industries IPO GMP reliable?
Grey market premium for Platinum Industries IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Platinum Industries IPO full review for a fundamentals-based assessment before making any grey market trades.
Platinum Industries IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Platinum Industries IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Platinum Industries IPO
Platinum Industries Limited started as Platinum Industries LLP on 19 August 2016. It is a multi-product company that makes stabilisers.
Its products are PVC stabilisers, CPVC additives and lubricants. PVC stabilisers are chemical additives that protect PVC from breaking down at high temperatures during processing or use, and improve performance and durability.
Its products are used in PVC pipes, profiles, fittings, wires and cables, SPC floor tiles, rigid PVC foam boards and packaging. Its manufacturing facility is at Palghar, Maharashtra.
The IPO was Rs 235.32 crore and was entirely fresh issue. Rs 67.72 crore was planned for a plant in Egypt through a subsidiary and Rs 71.26 crore for a new plant at Palghar.
Frequently asked
What is the GMP of Platinum Industries IPO?
The current Grey Market Premium (GMP) of Platinum Industries IPO is ₹ 90.
What is the Kostak Price of Platinum Industries IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Platinum Industries IPO is not available.
What is the Subject to Sauda Price of Platinum Industries IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Platinum Industries IPO?
Platinum Industries IPO listed on March 5, 2024 at ₹225, against the issue price of ₹171 — a gain of +31.58%.
How did the GMP of Platinum Industries IPO trend before listing?
The GMP of Platinum Industries IPO was falling in its final days before listing. The GMP peaked at ₹95 on 2 March 2024. View the day-wise table above for the complete GMP history.
Explore Platinum Industries IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
