Platinum Industries IPO Subscription Status
Platinum Industries IPO was subscribed 98.99 times when bidding closed on 29 Feb 2024: QIB 151x, NII 141.79x, Retail 50.92x.
The Platinum Industries IPO has been subscribed 98.99x times overall. Retail investors have shown interest with bids for 50.92x the shares available. The Non-Institutional Investor (NII) category has been subscribed 141.79x. Within NII, Big HNI (B-HNI) subscribed 138.46x and Small HNI (S-HNI) subscribed 148.46x. Qualified Institutional Buyers (QIBs) have subscribed 151x. Data last updated on 10 Nov, 06:34 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 27 Feb, 2024 and closes on 29 Feb, 2024. The shares are expected to list on stock exchanges on 05 Mar, 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 151x |
| NII | - of - - | 141.79x |
bHNI — bid amount above ₹10 Lakh |
- - | 138.46 |
sHNI — bid amount ₹2–10 Lakh |
- - | 148.46 |
| Retail | - of - - | 50.92x |
| TOTAL | - - | 98.99x |
Platinum Industries IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 51 applicants will be successful.
Market Sentiment
Strong grey market premium of 53% suggests exceptional listing gains and high bullish sentiment among traders.
Institutional Backing
Massive institutional interest with QIBs subscribing 151x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
29 Feb 2024
Day 3 |
98.99x | ▼ | |
|
QIB151x
BHNI138.46x
SHNI148.46x
Retail50.92x
|
|||
|
28 Feb 2024
Day 2 |
22.22x | ▼ | |
|
QIB0.9x
BHNI34.57x
SHNI59.5x
Retail25.56x
|
|||
|
27 Feb 2024
Day 1 |
7.95x | ▼ | |
|
QIB0.07x
BHNI10.05x
SHNI19.96x
Retail10.14x
|
|||
Platinum Industries IPO dates
From the bidding window 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
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Platinum Industries IPO?
As of IPO close date (29 Feb, 2024), the Platinum Industries IPO is subscribed 98.99x times. Retail category is 50.92x, and NII is 141.79x subscribed.
When is the allotment date for Platinum Industries IPO?
The allotment for Platinum Industries IPO is expected to be finalized on 01 March, 2024.
What is the GMP of Platinum Industries?
The Grey Market Premium (GMP) for Platinum Industries is currently ₹90, indicating a potential listing gain of 53%.
When will Platinum Industries IPO list on the stock market?
Platinum Industries is scheduled to list on BSE and NSE on 05 March, 2024.
What are the chances of getting allotment in Platinum Industries IPO?
The retail category is oversubscribed at 50.92x, meaning allotment is by lottery. Statistically, approximately 1 in 51 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 151x mean for Platinum Industries IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 151x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Platinum Industries IPO allotment status?
After the allotment date (01 Mar, 2024), you can check your Platinum Industries IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Platinum Industries IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
