Platinum Industries Limited IPO
Platinum Industries Limited IPO is listed on BSE and NSE, priced at ₹162–₹171 per share. The stock debuted at ₹225, delivering a listing gain of 31.6%. The IPO had a lot size of ₹87 shares and a minimum investment of ₹14,877.
Platinum Industries Limited IPO
- IPO Dates
- Feb 27, 2024 – Feb 29, 2024
- Price band
- ₹162-171 per equity share
- Minimum Investment
- ₹14,877
- Issue size
- ₹235.32 Cr
- Lot size
- 87
- Allotment Date
- Mar 1, 2024
- Listing
- Mar 5, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Feb 27, 2024
Open Date
Completed
-
Feb 29, 2024
Close Date
Completed
-
Mar 1, 2024
Allotment Date
Completed
-
Mar 5, 2024
Listing Date
Completed
Price Summary
- Last closing
- 238.24 (39.32%)
- 52 week high
- 342.40
- 52 week low
- 183.50
- Last update
Platinum Industries Limited IPO Essentials
Platinum Industries Limited IPO Details
Platinum Industries Limited IPO is priced at ₹162-171 per share with a total issue size of 235.32 crore. The IPO has a lot size of 87 shares and is listed on BSE and NSE.
- Issue price
- ₹162-171 per equity share
- Lot size
- 87 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 13,761,225 shares(aggregating up to ₹235.32 Cr)
- Total issue size
- 1,37,61,225 shares
(aggregating up to ₹235.32 crore) - Fresh issue
- 1,37,61,225 shares
(aggregating up to ₹235.32 crore) - Listing at
- BSE, NSE
- List price
- 225.0(NSE)
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Unistone Capital Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 87 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 87 | ₹14,877 |
| Retail(max) | 13 | 1131 | ₹1,93,401 |
| sHNI(min) | 14 | 1218 | ₹2,08,278 |
| sHNI(max) | 67 | 5829 | ₹9,96,759 |
| sHNI(min) | 68 | 5916 | ₹10,11,636 |
Platinum Industries Limited IPO Reservation
Platinum Industries Limited IPO reservation details show category-wise allocation of shares. Out of the total 13,761,225 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,128,237 (30%) | |
| QIB Shares Offered | 2,752,375 (20%) | |
| NII (HNI) Shares Offered | 2,064,184 (15%) | |
| bHNI > ₹10L | 1,376,123 (10%) | 1,129 |
| sHNI < ₹10L | 688,061 (5%) | 564 |
| Retail Shares Offered | 4,816,429 (35%) | 55,361 |
| Total Shares Offered | 13,761,225 (100%) |
Platinum Industries Limited IPO Analytics
Platinum Industries Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Platinum Industries Limited IPO Subscription Status
Platinum Industries Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
13.36x
10.05x
19.96x
|
10.14 x | 7.95 x |
|
Day 2
28-02-24 05:00 PM
|
0.90 x |
42.88x
34.57x
59.50x
|
25.56 x | 22.22 x |
|
Day 3
29-02-24 05:00 PM
|
151.00 x |
141.82x
138.46x
148.55x
|
50.96 x | 99.02 x |
Platinum Industries Limited Valuations
Earnings
- EPS Pre IPO
- ₹9.13/-
- EPS Post IPO
- ₹8.31/-
- P/E Pre IPO
- 18.73
- P/E Post IPO
- 20.57
Returns
- ROE
- 90.02%
- ROCE
- 56.85%
- RoNW
- 61.26%
Fundamentals
- Debt / Equity
- 0.28
- Price / Book
- 11.13
Platinum Industries Limited Financials( In Crs.)
| 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 |
| Net Worth | 61.88 | 22.34 | 4.47 |
| Reserves & Surplus | 21.80 | 21.28 | 3.53 |
| Total Borrowing | 17.43 | 24.24 | 3.26 |
Platinum Industries Limited Company & Offer Insights
About Platinum Industries Limited
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)
Krishna Dushyant Rana, Parul Krishna Rana are the company's promoters of Platinum Industries Limited.
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 - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Platinum Industries Limited | 9.42 | 9.42 | 15.37 | N/A | 61.26 | N/A | Consolidated |
| Supreme Petrochem Limited | 26.49 | 26.49 | 98.06 | 24.39 | 27.02 | N/A | Consolidated |
| Apcotex Industries Ltd. | 20.82 | 20.82 | 91.82 | 22.36 | 22.68 | N/A | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on the BSE website on July 06, 2023, divided by the Diluted EPS.
- Return on Net Worth (%) is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Platinum Industries Limited IPO is a book-built IPO worth ₹235.32 crore. The price band is ₹162–₹171 per share. The IPO opens on Feb 27, 2024 and closes on Feb 29, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The price band of Platinum Industries Limited IPO is ₹162 to ₹171 per share.
The lot size of Platinum Industries Limited IPO is 87 shares.
The minimum investment for Platinum Industries Limited IPO is approximately ₹14,877 based on the upper price band .
Platinum Industries Limited IPO opens on Feb 27, 2024 and closes on Feb 29, 2024.
The allotment date of Platinum Industries Limited IPO is Mar 1, 2024.
Platinum Industries Limited IPO is expected to be listed on Mar 5, 2024, on BSE and NSE .
Platinum Industries Limited IPO listed on Mar 5, 2024. It was issued at ₹225.0(NSE) and is currently around ₹238.24 as on 14-May-2026 3:30 PM, which is approximately 39.3% versus issue price. The 52-week high is ₹342.40.
Based on listing and post-listing performance, Platinum Industries Limited IPO delivered around 39.3% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Platinum Industries Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Platinum Industries Limited IPO valuation snapshot: P/E 20.57, EPS ₹8.31/-, P/B 11.13, RoNW 61.26%, and market cap N/A.
To apply for Platinum Industries Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Platinum Industries Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Platinum Industries Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Platinum Industries Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Platinum Industries Limited IPO allotment status on IPO Ji for quick and easy access.