Question 1

What is the Propshare Platina IPO?

Accepted Answer

The Propshare Platina IPO is a mainboard Initial Public Offering where Propshare Platina is offering its shares to the public for the first time. The issue size is ₹0 lakhs with a price band of ₹1000000-1050000. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will Propshare Platina IPO open?

Accepted Answer

The Propshare Platina IPO was open from 02 December 2024 to 04 December 2024. The subscription period has now ended.

Question 3

What is the lot size of Propshare Platina IPO?

Accepted Answer

The lot size for Propshare Platina IPO is 1 shares, which means the minimum investment required is approximately ₹10,50,000 (1 shares × ₹1000000-1050000). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for Propshare Platina IPO?

Accepted Answer

You can apply for the Propshare Platina IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate.

Question 5

When is Propshare Platina IPO allotment?

Accepted Answer

The Propshare Platina IPO allotment was completed on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is Propshare Platina IPO listing date?

Accepted Answer

The Propshare Platina IPO was listed on 10 December 2024. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

Was GMP of Propshare Platina IPO reliable?

Accepted Answer

Grey Market Premium (GMP) data for Propshare Platina IPO was not available or was negative before listing. Actual listing performance should be evaluated based on the listing price and current market price.

Question 8

How much profit have I made if I held Propshare Platina IPO after allotment?

Accepted Answer

If you were allotted shares at the issue price of ₹1050000 and held them until now, your current gain is +0.5% (₹5000 per share). For one lot of 1 shares, your profit would be ₹5,000. On listing day, the stock opened at ₹1050000 (0.0% gain). Holding the IPO has given better returns than selling on listing day. Remember, past performance doesn't guarantee future results, and investment decisions should be based on the company's fundamentals and your investment goals.

Application	Lots	Shares	Amount
Retail(min) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	1	1	₹10.50L
BHNI(min) Big HNI - Investment above ₹10 lakhs	1	1	₹10.50L

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