Baring India takes 35% of Rs.70-Cr anchor book of stabiliser maker Platinum Industries

Baring India has subscribed to nearly 35% of the INR 70 crore anchor book of Mumbai-headquartered stabilisers manufacturer Platinum Industries . The company has allotted 14,62,035 shares to Baring Private Equity India AIF II at INR 171 per share.Platinum Industries' INR 235 crore IPO of Platinum Industries was oversubscribed 98.71 times last week. Unistone Capital is the sole book-running lead manager of this issue.Platinum Industries' business segment includes PVC stabilisers, CPVC additives, and lubricants, operating within the speciality chemicals industry.