IPO

Platinum Industries Limited IPO

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Specialty Chemicals

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

₹ 14877 /87 Shares

Check Allotment

27 Feb, 2024

Open Date

29 Feb, 2024

Close Date

01 Mar, 2024

Allotment Date

05 Mar, 2024

Listing Date
Price Summary

Last Closing

245.15 (43.36%)

52 Week High

474.00

52 Week Low

225.00

Last Update

18-Dec-2025 3:30 PM
Platinum Industries Limited IPO Issue Details
  • Issue Price ₹162-171 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 1,37,61,225 shares(aggregating up to ₹235.32 crore)
  • Fresh Share 1,37,61,225 shares(aggregating up to ₹235.32 crore)
  • Listing at BSE, NSE
  • List Price 225.0(NSE)
  • Listing Date 2024-03-05
  • Lead Manager Unistone Capital Pvt Ltd
  • Registrar Bigshare Services 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
BHNI(min) 68 5916 ₹10,11,636
Platinum Industries Limited IPO Reservation

Platinum Industries Limited IPO offers total 13,761,225 shares. Out of which 2,752,375 (20%) allocated to QIB, 2,064,184 (15%) allocated to NII,4,816,429 (35%) allocated to RII, NA (NA%) allocated to employees and 4,128,237 (30%) allocated to 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%)
bNII > ₹10L 1,376,123 (10%)
sNII < ₹10L 688,061 (5%)
Retail Shares Offered 4,816,429 (35%)
Total Shares Offered 13,761,225 (100%)
Platinum Industries Limited IPO Documents
DRHP
RHP
ANCHOR
Platinum 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
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.

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Platinum Industries Limited IPO Subscription Analysis And Details
Retail
50.96x
QIB
151.00x
NII
141.82x
bNII
138.46x
sNII
148.55x
Total
99.02x
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
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
ROE 90.02%
ROCE 56.85%
Debt/Equity 0.28
RoNW 61.26%
Price to Book Value 11.13
Platinum Industries Limited Company Financials
In Crs.
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 Platinum Industries Limited 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.

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Platinum Industries Limited - Promoter(s)

Krishna Dushyant Rana

Parul Krishna Rana

Pre Issue Share Holding : 94.74%

Post Issue Share Holding : N/A%

Platinum Industries Limited IPO - Issue Objectives
1

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'

2

Funding of capital expenditure requirements of the company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India

3

Funding working capital requirements of our Company

4

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:

  1. 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.
  2. 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.
  3. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.