Platinum Industries Limited IPO

Mainboard

Specialty Chemicals

Listed On: Mar 5, 2024 at ₹ 225.0(NSE)

₹ 14877 /87 Shares

Check Allotment

Price Summary

Last Closing

364.45 (113.13%)

52 Week High

439.20

52 Week Low

166.75

Last Update

19-Sep-2024 3:30 PM

Platinum Industries Limited IPO Details

27 Feb, 2024

Open Date

29 Feb, 2024

Close Date

01 Mar, 2024

Allotment Date

05 Mar, 2024

Listing Date

Issue Price

₹162-171 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

225.0(NSE)

Listing Date

2024-03-05

Market Lot

Retail : 87 Shares (₹14,877/-)
S-HNI : 1,218 Shares (₹2,08,278/-)
B-HNI : 5,916 Shares (₹10,11,636/-)

Lead Manager

Unistone Capital Pvt Ltd

Issue Size

13,761,225 shares(aggregating up to ₹235.32 Cr)

Retail Portion

35% (Number of Retail Applications: 55,361 Approx),
(Number of S-HNI Applications : 565 Approx),
(Number of B-HNI Applications : 1,130 Approx)

Subscription

99.02 times

IPO Docs

DRHP RHP ANCHOR

Platinum Industries Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	2,752,375	2,064,184 1,376,123 688,061	4,816,429	9,632,988
Day 1 - 27-02-24 05:00 PM	0.07 x	13.36 10.05 x 19.96 x	10.14 x	7.95 x
Day 2 - 28-02-24 05:00 PM	0.90 x	42.88 34.57 x 59.50 x	25.56 x	22.22 x
Day 3 - 29-02-24 05:00 PM	151.00 x	141.82 138.46 x 148.55 x	50.96 x	99.02 x

Total No. of Applications: 33,05,533 (Approx)

Platinum Industries Limited Valuations

EPS Pre IPO

₹9.13/-

EPS Post IPO

₹8.31/-

P/E Pre IPO

18.73

P/E Post IPO

20.57

RoNW

61.26%

Platinum Industries Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	121.17	84.48	32.26
Revenue	232.56	189.24	89.53
Profit After Tax	37.58	17.75	4.82

About The Company

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.

The revenue from operations grew at a CAGR of 42.11% in six years, from ₹284.19M in 2018 to ₹2,340.56M in 2023.

As of July 2023, the company has twelve distribution centres spread across India.

As of May 31st, 2023, the production unit has 71 employees and 17 workers.

Platinum Industries Limited - Promoter(s)

Pre Issue Share Holding: 94.74%

Post Issue Share Holding: N/A%

Company Promoter(s)

Krishna Dushyant Rana
Parul Krishna Rana

Platinum Industries Limited IPO - Issue Objectives

nvestment 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.

Platinum Industries Limited IPO - Anchor Investors

Platinum Industries IPO | Institutional investors pick Rs 71 crore worth shares via anchor book.

Baring Private Equity India AIF 2 was the biggest investor in the anchor book of the company, buying 14.62 lakh shares worth Rs 25 crore, followed by Elara India Opportunities Fund which picked 10.28 lakh shares worth Rs 17.6 crore.

Saint Capital Fund, Leading Light Fund VCC - The Triumph Fund, Antara India Evergreen Fund, NAV Capital Emerging Star Fund, and Astorne Capital VCC Arven were other buyers in the anchor book, investing Rs 28 crore in Platinum Industries.

Platinum Industries Limited IPO - FAQs

Ans. Platinum Industries Limited IPO is a Mainboard IPO. The issue is priced at ₹162-171 per equity share. The minimum order quantity is 87 Shares. The IPO opens on Feb 27, 2024, and closes on Feb 29, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Platinum Industries Limited IPO opens on Feb 27, 2024 and closes on Feb 29, 2024.

Ans. The size of Platinum Industries Limited IPO is 13,761,225 shares(aggregating up to ₹235.32 Cr).

Ans. The IPO price band is set between ₹162-171 per equity share.

Ans. To apply for Platinum Industries Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Platinum Industries Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Platinum Industries Limited IPO is Mar 1, 2024.

Ans. The Platinum Industries Limited IPO will be listed on Mar 5, 2024.

Ans. Follow the steps to check the allotment status for Platinum Industries Limited IPO here.