It listed at Rs 225, a gain of 31.57 per cent from the issue price on the NSE.
The firm is a multi-product company engaged in the business of manufacturing stabilisers.
The company's market valuation stood at Rs 1,241.30 crore.
Platinum Industries' initial public offering got subscribed 98.99 times on the closing day of subscription on Thursday.
The Rs 235 crore-initial share sale had a fresh issue of up to 1,37,61,225 equity shares. It had a price range of Rs 162-171 a share.