Platinum Industries IPO Details
| IPO Size | 235.32 |
| Price Range | ₹162 to ₹171 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 87 |
| Investment (cut-off price) | ₹14,877 |
| Pre IPO Promotor Holding | 94.74% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Platinum Industries IPO Timelines
27/02/2024
Start Date29/02/2024
End Date04/03/2024
Refund Initiation04/03/2024
Credit of Shares to Demat Ac05/03/2024
Listing DatePlatinum Industries IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 87 | ₹14,877 |
| Retail Minimum | 13 | 1131 | ₹193,401 |
| S-HNI Minimum | 14 | 1218 | ₹208,278 |
| B-HNI Minimum | 68 | 5916 | ₹10,11,636 |
Platinum Industries IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 151.00 x | 141.83 x | 50.99 x | -- | 99.03 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹225 | ₹221.20 | ₹236.25 | ₹221 |
Platinum Industries IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹89.53 | ₹82.84 | ₹4.82 |
| FY 2022 | ₹189.24 | ₹165.28 | ₹17.75 |
| FY 2023 | ₹232.56 | ₹181.62 | ₹37.58 |
| FY 2024 (9M) | ₹123.73 | ₹93.49 | ₹22.84 |
About Company
Platinum Industries Limited is a manufacturer of stabilizers within the specialty chemicals industry. Its business segment encompasses PVC stabilizers, CPVC additives, and lubricants, with applications spanning PVC pipes, profiles, fittings, electrical wires, cables, SPC floor tiles, rigid PVC foam boards, packaging materials, and more.
Platinum Industries Limited offers tailored products and solutions both directly to customers and through an extensive distributor network. Additionally, it engages in trading activities involving related commodity chemicals like titanium dioxide and PVC/CPVC resin. The company also exports its products to international markets. It has a distribution network of 12 locations across India.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2016 | Chemicals | Krishna Dushyant Rana |
Know Before Investing
Platinum Industries IPO Strengths
- The company has showcased consistent financial performance.
- It has an in-house R&D facility.
- The company offers a varied product portfolio catering to diversified industries.
- It enjoys high entry barriers to entry in the chemical industry.
- The company provides quality products to its customers.
Platinum Industries IPO Risks
- The company has showcased consistent financial performance.
- It has an in-house R&D facility.
- The company offers a varied product portfolio catering to diversified industries.
- It enjoys high entry barriers to entry in the chemical industry.
- The company provides quality products to its customers.
Swot Analysis for Platinum Industries IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Details
Platinum Industries Limited
Unit No. 841, 4th Floor, Solitaire Corporate
Park-8, Andheri Kurla Road
Andheri (E), Mumbai –400093
Phone: +91 7304538055
Email: [email protected]
Website: https://platinumindustriesltd.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
The key objectives of Platinum Industries IPO are:
- Investment in their Subsidiary, Platinum Stabilizers Egypt LLC (“PSEL”) for financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for PVC Stabilizer sat SC Zone, Governorate of Suez, Egypt. (“Proposed Facility 1 (Egypt)”).
- Funding of capital expenditure requirements of their Company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India (“Proposed Facility 2 (Palghar)”).
- Funding working capital requirements of their Company.