Platinum Industries Limited IPO
MainboardSpecialty Chemicals
Listed On: Mar 5, 2024 at ₹ 225.0(NSE)
₹ 14877 /87 Shares
Check AllotmentPrice Summary
Last Closing
268.00 (56.73%)52 Week High
502.0552 Week Low
195.25Last Update
23-Jun-2025 3:30 PM27 Feb, 2024
Open Date29 Feb, 2024
Close Date01 Mar, 2024
Allotment Date05 Mar, 2024
Listing DateIssue Price
₹162-171 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdList Price
225.0(NSE)Listing Date
2024-03-05Market 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 LtdIssue 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 timesPlatinum Industries Limited IPO Details
Platinum Industries Limited IPO is a book-built issue of ₹235.32 crores, The total issue size is ₹235.32 crores. The IPO of Platinum Industries Limited is priced at ₹162-171 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Feb 27, 2024 and ends on Feb 29, 2024. The allotment for Platinum Industries Limited IPO will be finalized on Mar 1, 2024. Platinum Industries Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 5, 2024. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.
Retail investors can bid for a minimum of 87 shares, extendable to 14,877. S-HNIs will be able to bid for 1218 shares at ₹2,08,278, while B-HNIs can also apply for a bid of 5916 shares at ₹10,11,636. The book-running lead manager for the IPO is/are Unistone Capital Pvt Ltd.
The total issue ₹235.32 crore, comprising a fresh issue of 1,37,61,225 shares ₹235.32 crore and
The Platinum Industries Limited IPO sets its price band at 162-171 for each share. A single application for Platinum Industries Limited IPO must contain at least 87 shares. Sentiment investors need to invest a minimum of 87 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,877 In order to participate in the sNII, investors must purchase at least 14 lots of 1218 shares for ₹2,08,278, while the bNII requires 68 lots of 5916 shares for an investment of ₹10,11,636.
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 |
Platinum Industries Limited Valuations
EPS Pre IPO
₹9.13/-EPS Post IPO
₹8.31/-P/E Pre IPO
18.73P/E Post IPO
20.57ROE
90.02%ROCE
56.85%Debt/Equity
0.28RoNW
61.26%Price to Book Value
11.13Platinum 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 |
| Net Worth | 61.88 | 22.34 | 4.47 |
| Reserves & Surplus | 21.80 | 21.28 | 3.53 |
| Total Borrowing | 17.43 | 24.24 | 3.26 |
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%
- 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
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.
