Platinum Industries IPO

Platinum Industries IPO will open for subscription from 27 February 2024. The company aims for an issue size of ₹235.32 Cr through this IPO.

Company Overview

Full namePlatinum Industries Limited
Company Website

About Company

Platinum Industries operates as a diversified company, focusing on the manufacturing of stabilizers. Within its business segment, it specializes in PVC stabilizers, CPVC additives, and lubricants. The company is active in the specialty chemicals industry. The company’s products are utilized in various applications, including PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, rigid PVC foam boards, packaging materials, and more.

The revenue from operations witnessed significant growth, escalating from INR 28.42 crore in Fiscal 2018 to INR 234.06 crore in Fiscal 2023. This remarkable expansion reflects a CAGR of 42.11% over six years. As of July 2023, Platinum Industries boasts a distribution network spanning 12 locations across India. As of 31 May 2023, the production unit employs 71 staff members and 17 laborers.

The Objectives of the Issue

  • Investment in the subsidiary, Platinum Stabilizers Egypt LLC (“PSEL”), for financing its capital expenditure requirements for the setting up of a manufacturing facility for PVC Stabilizers at SC Zone ‘Governorate of Suez Egypt’
  • Funding of capital expenditure requirements of the company towards setting up a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India
  • Funding working capital requirements of our Company; and
  • General corporate purposes.

Platinum Industries IPO Timetable

IPO Opening date27 February 2024
IPO Closing29 February 2024
Basis of Allotment01 March 2024
Initiation Refund04 March 2024
Credit to Demat Account04 March 2024
Listing Date05 March 2024
(Cut-off time for UPI mandate confirmation – 5 PM on February 29, 2024)

Platinum Industries IPO details

Issue typeBook Built Issue IPO
IPO issue size₹235.32 Cr – 13,761,225 shares
Fresh Issue₹235.32 Cr – 13,761,225 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹162 to ₹171 per share
Lot size87 Shares
Shareholding pre-issue41,163,648
Shareholding post-issue54,924,873
Listing ExchangeBSE & NSE

Platinum Industries IPO Lot Size

Retail (Min)187₹14,877
Retail (Max)131131₹193,401
S-HNI (Min)141,218₹208,278
S-HNI (Max)675,829₹996,759
B-HNI (Min)685,916₹1,011,636

Platinum Industries IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered4,128,237 (30.00%)
QIB Shares Offered2,752,375 (20.00%)
NII (HNI) Shares Offered2,064,184 (15.00%)
  bNII > ₹10L1,376,123 (10.00%)
  sNII < ₹10L688,061 (5.00%)
Retail Shares Offered4,816,429 (35.00%)
Total Shares Offered13,761,225 (100%)

Platinum Industries Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income4.8217.7537.5822.84
Margin (%)5.409.4316.2318.60
(Amount in ₹ Crores)

Platinum Industries Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio17.20 – 18.15
RONW (%)107.6679.4561.26
ROCE (%)74.2852.5156.85
EBITDA (%)8.4713.4723.27

Company Promoters

  • Krishna Dushyant Rana
  • Parul Krishna Rana.

Promoter Holding

Pre Issue Share Holding94.74%
Post Issue Share Holding

Platinum Industries IPO Lead Manager(s)

A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone:+91 98200 57533

Platinum Industries Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Platinum Industries Contact Details

Unit No. 841, 4th Floor, Solitaire Corporate Park-8,
Andheri Kurla Road, Andheri(E), Mumbai – 400093
Phone: +917304538055

Platinum Industries IPO Allotment Status

Platinum Industries IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Platinum Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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