Platinum Industries
Platinum Industries Info
Details about the Platinum Industries IPO. Opening Date of Platinum Industries is 27 Feb 24 and Closing Date is 29 Feb 24 . Face Value of Each share of Platinum Industries is ₹10 per share. Price band of Platinum Industries is ₹162 to ₹171. The Lot size of Platinum Industries is 87 shares. Total issue size of Platinum Industries IPO is ₹235.32 cr. Fresh Issue of Platinum Industries IPO is 235.32 cr. This is a Book Building IPO. Expected to list on NSE & BSE. Share Holding Pre Issue of Platinum Industries is 41,163,648. Share Holding Post Issue of Platinum Industries is 54,924,873.
Business Summary
Platinum Industries is a multi-product company engaged in the business of manufacturing stabilizers. Company's business segment includes PVC stabilizers, CPVC additives and lubricants.
PVC stabilizers are chemical additives used in the production of polyvinyl chloride (PVC) based products to enhance its performance and durability. They help prevent the degradation of PVC when exposed to high temperatures during processing or end-use applications. CPVC additives are chemical substances added to enhance the properties and performance of chlorinated polyvinyl chloride (CPVC) materials. Lubricants are an integral part of PVC formulation.
Platinum Industries manufacture both internal and external lubricants. Their products portfolio find their application in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials etc
Platinum Industries IPO Details
| Open Date | 27 Feb 24 |
|---|---|
| Close Date | 29 Feb 24 |
| Face Value | ₹10 per shares |
| Price Band | ₹162 - ₹171 |
| Lot Size | 87 Shares |
| Total issue Size | 13,761,225 Shares ₹235.32 cr |
| Fresh Issue | 13,761,225 Shares ₹235.32 cr |
| Issue Type | Book Building |
| Listing At | NSE & BSE |
| Share Holding Pre Issue | 41,163,648 |
| Share Holding Post Issue | 54,924,873 |
| RHP , DHRP | View RHP, View DRHP |
Platinum Industries IPO Timeline
The Platinum Industries Initial Public Offering (IPO) is set to open on 27 Feb 24 and will end its subscription phase on 29 Feb 24. You can check your allotment status for Platinum Industries on 01 Mar 24. The refund process for your funds will start promptly on 04 Mar 24. Platinum Industries IPO credit of shares will be on 04 Mar 24. The listing date for Platinum Industries is on 05 Mar 24.
Open Date
Close Date
Basis Of Allotment
Initiation of Refund
Credit of Share
Listing Date
Platinum Industries IPO Reservation
The Platinum Industries IPO reserves shares for different investor categories. Approximately Not more than 50% of the Net Issue will be available for QIB, not less than 15% of the Net Issue will be available for NII, not less than 35% of the Net Issue will be available for Retail,
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| NII | not less than 15% of the Net Issue |
| Retail | not less than 35% of the Net Issue |
Platinum Industries IPO Lot Size
Bids can be made for minimum of 87 shares and in multiple of 87 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | 14,877 |
| Retail (Max) | 13 | 1,131 | 193,401 |
| S-HNI (Min) | 14 | 1,218 | 208,278 |
| S-HNI (Max) | 67 | 5,829 | 996,759 |
| B-HNI (Min) | 68 | 5,916 | 1,011,636 |
Platinum Industries IPO Promoters Holding
Promoters holding details for Platinum Industries in the current issue is as follows: The share holding of promoters before the issue stands at 94.74%, and after the issue, it has been adjusted to -%.
Promoters of Platinum Industries are Krishna Dushyant Rana, Parul Krishna Rana,
| Share Holding Pre Issue | 94.74% |
|---|---|
| Share Holding Post Issue | -% |
Platinum Industries Financial Information
Financial performance details for Platinum Industries over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 30 Sept 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 137.72 | 121.17 | 84.48 | 32.26 |
| Revenue | 123.73 | 232.56 | 189.24 | 89.53 |
| Profit After Tax | 22.84 | 37.58 | 17.75 | 4.82 |
Platinum Industries IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Platinum Industries are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 18.73 |
| ROCE | 56.85% |
| ROE | 90.02% |
| RoNW | 61.26% |
| EPS (Rs) | 9.13 |
Object of the Issue
- • Investment in Subsidiary, Platinum Stabilizers Egypt LLC (“PSEL”) for financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for PVC Stabilizers at SC Zone, Governorate of Suez, Egypt. (“Proposed Facility1 (Egypt)”)
- • Funding of capital expenditure requirements of the Company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India (“Proposed Facility2 (Palghar)”)
- • Funding working capital requirements of the Company
- • General corporate purposes
Contact Details for Platinum Industries
Phone
Office
Solitaire Corporate Park-8, Andheri Kurla Road, Andheri (E), Mumbai, Maharashtra
Registrar Details for Platinum Industries
Bigshare Services Pvt Ltd
Phone
Office
S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 MH, India.
Lead Manager
- • Unistone Capital Pvt Ltd