Platinum Industries Limited is set to go public today, March 5, 2024. The company’s shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) during a special pre-open session starting at 10:00 AM. The shares will be included in the ‘T’ Group of Securities, and, as per SEBI regulations, will be in the Trade-for-Trade segment for the first 10 trading days.
The BSE notice informs trading members about the listing and admission of Platinum Industries Limited shares. Experts in the stock market anticipate a positive debut for Platinum Industries, citing a strong response from primary market investors. They are optimistic about the infrastructure and real estate sectors, indicating favorable conditions for the company’s shares. Market analysts predict a listing price in the range of ₹245 to ₹259 per share, with potential returns of up to 50 percent for fortunate allottees.
Platinum Industries IPO listing price prediction
VLA Ambala, a SEBI Registered Research Analyst and Founder of Stock Market Today, shared thoughts on the Platinum Industries IPO listing. He highlighted that Platinum Industries is a well-known manufacturer specializing in stabilizers for PVC & CPVC additives. The company’s revenue grew by 22.89%, and its profit after tax (PAT) surged by 111.76% from FY2022 to FY2023. Expressing confidence in the infrastructure and real estate sector, he believes that Platinum Industries, operating in a related field, will benefit from sector growth. With a lower PE ratio compared to competitors and the benchmark sector, along with favorable fundamentals, he anticipates a premium listing for the company.
Prashanth Tapse, Senior Vice President of Research at Mehta Equities, predicted a strong premium for Platinum Industries IPO listing. He noted the current positive momentum in the secondary market and increased demand during the IPO process’s final day. Expecting Platinum Industries to debut similarly, he foresees a premium of around 50% or more over its issue price of ₹171 per share.
Platinum Industries IPO listing
Arun Kejriwal, Founder of Kejriwal Research and Investment Services, shared his views on the expected opening range for Platinum Industries shares today. He mentioned that the IPO had gained significant interest from investors due to its appealing valuations. According to him, the Platinum Industries share price is likely to start trading within the range of ₹245 to ₹259 per share.
Platinum Industries IPO GMP today
Stock market experts are saying that the Grey Market Premium (GMP) for Platinum Industries IPO today is ₹86. This suggests that the unofficial market expects the IPO listing price to be around ₹257 (₹171 + ₹86). This projected listing price is approximately 50 percent higher than the Platinum Industries IPO’s price range of ₹162 to ₹171 per share. Both the grey market and stock market experts are anticipating up to 50 percent returns for those who were allotted shares in the Platinum Industries IPO on the listing date.
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