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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Platinum Industries Ltd
Registered Office:
# 841 4th Flr Solitaire Corp,Park 8 Andheri Kurla Rd Andh E,
Mumbai - 400093,
Maharashtra, India.
Initial public offer of up to 13,761,225 equity shares of face value of (Rs) 10 each ("Equity Shares") of Platinum Industries Limited ("Company or "Issuer") for cash at a price of (Rs) 171 per equity share (including a share premium of (Rs) 161 per equity share) ("Issue Price") aggregating up to (Rs) 235.32 crores ("Issue"). The issue shall constitute 25.05% of the fully-diluted post-issue paid-up equity share capital of the company. The company, in consultation with the brlm, has allotted a pre-ipo placement of 910,700 equity shares by way of a private placement at an issue price of (Rs) 157 per equity share (including a premium of (Rs) 147 per equity share) for an aggregate consideration of (Rs) 14.30 crores. Accordingly, the size of the issue has been reduced by 910,700 equity shares. The investors that have subscribed to the equity shares of the company pursuant to the pre-ipo placement have been informed that there is no guarantee that the issue may come through or the listing may happen and accordingly, the investment was done by the relevant investors solely at their own risk. The face value of equity shares is (Rs) 10 each. The issue price is 17.1 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
27-Feb-24
29-Feb-24
171.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 87     Further Multiples of : 87
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
211.83
Unistone Capital Pvt Ltd
Project Financed
235.32
 
Post Issue
54.93
 
Issue Price
171.00
 
Projects
Investment in PSEL for financing its capital expenditure requirements in relation to the setting up of the proposed facility 1
Funding of capital expenditure requirements of the company towards setting up of the proposed facility 2
Funding working capital requirements of the company
General corporate purposes
Promoted By
Krishna Dushyant Rana
Parul Krishna Rana
Listing At
BSE
NSE
Registrar to the Issue
No Data Available!!!
.
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