Platinum Industries sets price band at ?162-171 for its crore IPO

​Mumbai-based stabiliser manufacturer Platinum Industries Ltd has set a price band of ₹162-171 per share for its ₹

235 crore initial public offering (IPO). The issue will open for subscription on February 27 and close on February 29.

The IPO is completely a fresh equity sale of 1.37 crore shares with no offer-for-sale component.

The company has also undertaken a pre-IPO placement of ₹9,10.700 equity shares at an issue price of ₹157 apiece amounting to ₹14.3 crore. Meanwhile, the anchor book of the IPO will open a day before the IPO, on February 26.

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