Platinum Industries Limited IPO is a MAIN BOARD IPO. They are going to raise ₹232.35 Crores via IPO. The issue is priced at ₹162 to ₹171 per equity share. The IPO is to be listed on NSE, BSE
Platinum Industries Limited IPO opens for subscription on February 27, 2024, and closes on February 29, 2024. The allotment for the Platinum Industries Limited IPO is expected to be finalized on March 01, 2024. Platinum Industries IPO will list on BSE, NSE with tentative listing date fixed as March 05, 2024.
| Platinum Industries Limited Details | Allotment |
| Minimum Investment ₹14,877/ 1– Lot (87 shares) | Price Range ₹162-₹171 | |
| Max Quantity 13-Lots/ (1131 Shares) | Max Investment ₹193,401 | Retail Discount ₹0 |
| Investor category and sub category Individual- HNI & Retail | Issue Size 235.32 Cr | Employee Discount ₹ |
| Total Issue Size 13,761,225 Shares (Aggregating up to ₹235.32 Cr) | Share Holding Pree Issue 41,163,648 | Issue Type Book build Issue IPO |
| Fresh Issue Share 13,761.225 Shares (Aggregating up to ₹235.32 Cr) | Share Holding Post Issue 54.924,873 | Listing At BSE, NSE |
| Offer For Sale | Face value ₹10 |
IPO Dates
| Offer Starts | 27 Feb 2024 |
| Offer Ends | 29 Feb 2024 |
| Allotment | 01 March 2024 |
| Refunds | 04 March 2024 |
| Credit of shares to Demat account | 04 March 2024 |
| IPO Listing | 05 March 2024 |
About Platinum Industries Limited
Incorporated in August 2016, Platinum Industries Limited is a company that specializes in producing stabilizers. The company manufactures PVC stabilizers, CPVC additives and lubricants.
The company’s products are used in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc.
The manufacturing facility of the company is situated in Palghar, Maharashtra, and spreads across 21,000 sq. ft. of land.
They provide customized products and solutions directly to their customers and also through their network of distributors.
They export their products to other countries also.
| Incorporated in | Managing Director |
| 2016 | Mr. |
Platinum Industries Limited IPO Prospectus
| . | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Platinum Industries Limited IPO Lot Size
Platinum Industries Limited IPO minimum market lot is 80 shares with ₹ application amount. The retail investors can apply up-to lots with shares or ₹ amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 87 | ₹14,877 |
| Retail (Max) | 13 | 1,137 | ₹193,401 |
| S-HNI (Min) | 14 | 1,218 | ₹208,278 |
| S-HNI (Max) | 67 | 5,829 | ₹996,759 |
| B-HNI (Min) | 68 | 5,916 | ₹1,011,636 |
Share Holding
The promoters of the Company are Krishna Dushyant Rana and Parul Krishna Rana.
| Share Holding Pre-Issue | 94.74% |
| Share Holding Post-Issue |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹232.56 | ₹189.24 | ₹89.53 |
| Assets | ₹121.17 | ₹84.48 | ₹32.26 |
| Profit | ₹37.58 | ₹17.75 | ₹4.82 |
| All values are in Rs. Cr |
Fundamentals
| Values | Values | ||
| Market cap | 939.22 Cr | ROE | 90.02% |
| P/E (X) | 18.73 | ROCE | 56.85% |
| POST P/E (X) | 20.57 | EPS | 9.13 |
| Debt to Equity | 0.28 | RONW | 61.26% |
Objects of the Issue
- Investment in the subsidiary, Platinum Stabilizers Egypt LLC (“PSEL”), for financing its capital expenditure requirements about 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 of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India.
- Funding working capital requirements of our Company.
- General corporate purposes
Brokerage Firm IPO Review
- To be updated soon
| Platinum Industries Limited Contact Details | |
| Address | Platinum Industries Limited Unit No. 841, 4th Floor, Solitaire Corporate Park-8, Andheri Kurla Road Andheri (E), Mumbai –400093 |
| Phone: | +91 7304538055 |
| cs@platinumindustriesltd.com | |
| Website | https://platinumindustriesltd.com/ |
| Platinum Industries Limited IPO Lead Managers | |
| Address | Unistone Capital Pvt Ltd 12, Floor no – 2, Shashank CHS LTD, Manmala Tank Road, NR. Starcity Cinema, Mahim Mumbai 400016 India |
| Phone | 022-2430-6977 |
| mb@unistonecapital.com | |
| Website | https://unistonecapital.com/ |
| Platinum Industries Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
| Platinum Industries Limited IPO Allotment Status Check |
| IPO Allotment Status Check Click Here |
Platinum Industries Limited IPO FAQs
What is Platinum Industries Limited IPO?
- Platinum Industries Limited IPO is a MAIN BOARD IPO. They are going to raise ₹235.32 Crores via IPO. The issue is priced at ₹162 to ₹171 per equity share. The IPO is to be listed on NSE, BSE
When Platinum Industries Limited IPO will open?
- The IPO is to open on February 27, 2024, for QIB, NII, and Retail Investors.
What is Platinum Industries Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Platinum Industries Limited IPO Size?
- Platinum Industries Limited IPO size is ₹235.32 crores.
What is Platinum Industries Limited IPO Price Band?
- Platinum Industries Limited IPO Price Band is ₹162 To ₹171 per equity share.
What is Platinum Industries Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1-Lot (87 Shares) with ₹14,877. and Maximum Lot Size 13-Lots (1,131 Shares) with ₹193,401
What is Platinum Industries Limited IPO Allotment Date?
- Platinum Industries Limited IPO allotment date is March 01, 2024.
What is Platinum Industries Limited IPO Listing Date?
- Platinum Industries Limited IPO listing date is March 05, 2024. The IPO to list on NSE, BSE.