Platinum Industries Limited raises Rs. 70.59 crore from Anchor Investors
latinum Industries, a multi-product company engaged in the business of manufacturing stabilizers, which includes PVC stabilizers, CPVC additives and lubricants, has garnered Rs. 70.59 crores from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, February 27, 2024. The company informed the bourses that it allocated 41,28,237 equity shares at Rs. 171 per share on Monday, February 26, 2024, to anchor investors.
Foreign and Domestic Institutions who participated in the anchor were Baring Private Equity India AIF 2, Elara India Opportunities Fund, Saint Capital Fund, Antara India Evergreen Fund Ltd, Nav Capital VCC - NAV Capital Emerging Star Fund, Astorne Capital VCC Arven, Leading Light Fund VCC - The Triumph Fund
Unistone Capital Private Limited is the sole book-running lead manager to the Issue and Bigshare Services Private Limited is the registrar of the Issue. The equity shares are proposed to be listed on the BSE and NSE.
Above views are of the author and not of the website kindly read disclaimer
