Shares of Platinum Industries made an impressive debut on the exchange by listing at a premium of 33.33%, higher than the issue price of Rs 171.
The scrip listed Rs 228 per share on BSE and Rs 225 per share on NSE, at a premium of 33.33% and 31.58% respectively. The company’s share price closed at Rs 220.90per share on the BSE, a 29.18% premium, and at Rs 221.50per share on the NSE, a 29.53% premium.
As per NSE, the total quantity traded stood at 54.01 lakh shares, on BSE the total Quantity stood at 4.07 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 131.62crore.
Mr. Krishna Dushyant Rana, CMD – Platinum Industries Limited, said “We extend our heartfelt gratitude to all our investors for their unwavering support as we embark on this significant milestone of debuting on the exchange. Your confidence in our vision and dedication has been instrumental in bringing us to this momentous occasion. We look forward to continuing this journey together, and create long term value for all shareholders. Thank you for believing in us.”
The Market Capitalization of the Company at today’s closing price stood at Rs. 1,213.29 Crore as per BSE and Rs. 1,216.58Crore as per NSE.
The Initial Public Offering of Platinum Industries Limited was subscribed 98.71 times. Qualified Institutional Buyer Portion subscribed 151 times, Non-Institutional Investors Portion was subscribed 141.68 times, whereas Retail Portion was subscribed with 50.41 times.
