Platinum Industries IPO
The initial public offering (IPO) of Platinum Industries will open for subscription on February 27 and close on February 29, comprising fresh issues of Rs. 235.32 Cr. An investor can apply for the issue for a minimum of 87 shares and the listing will happen on March 05, 2024.
#1. Quick Intro to Platinum Industries
Platinum Industries Limited (2016) is engaged in the manufacturing of stabilizers, including PVC stabilizers, CPVC additives, and lubricants, operating within the specialty chemical industries.
The company products are mainly used in a variety of applications;
*PVC pipes, PVC profile, PVC fitting, electrical wires, cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Platinum Industries
The company intends to use the IPO Funds for the following purposes:
- Investment in platinum stabilizers Egypt LLC for financing the capital expenditure requirement
- Capital expenditure requirement for setting up the proposed facility of the company.
- Working capital requirements.
- General corporate purposes.
#3. Platinum Industries Core Strengths
- Consistent financial performance
- R & D and sustainability
- Varied product portfolio catering the diversified industries
- Quality products, High entry barriers in the segment.
#4. Platinum Industries IPO Review & Rating
| Issue Size | Rs.235.32 Crore |
| Issue Price | Rs.162 to Rs.171 per share |
| Minimum Lot Size | 87 Shares |
| Total Profit (March 2023) | Rs.37.58 million |
| ROE | 90.02% |
| ROCE | 56.85% |
| Listing on | NSE & BSE |
| IPO Deliver Rating | TWO |
#5. Platinum Industries IPO Dates, Price Band & Details
Platinum Industries IPO will open on February 27, 2024, and close on February 29, 2024. The IPO is to be listed on March 05, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.235.32Crore |
| Price Brand | Rs.162 to Rs.171 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 27, 2024 |
| IPO Close Date | February 29, 2024 |
| IPO Allotment Date | March 01, 2024 |
| Refund Date | March 04, 2024 |
| Share Credit Date | March 04, 2024 |
| Listing Date | March 05, 2024 |
#6. Platinum Industries IPO Offer Details
Platinum Industries IPO’s total issue size is 13,761,225 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 13,761,225 | 235.32 |
| Offer for Sale (OFS) | – | – |
#7. Platinum Industries Financials Overview (Million)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 2,325.34 | 1,892.38 | 895.30 |
| Net Worth | 618.79 | 223.37 | 44.72 |
| Profit | 375.84 | 177.48 | 48.15 |
| Total Borrowings | 174.29 | 242.42 | 32.61 |
#8. Platinum Industries Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 9.42 | 4.41 | 1.24 |
| RoNW (%) | 61.26 | 79.45 | 107.66 |
| NAV (Rs.) | 15.37 | – | – |
#9. Platinum Industries Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in million) |
RoNW (%) | NAV (Rs.) |
| Supreme Petrochem | 52,872.05 | 27.02 | 98.06 |
| Apcotex Industries | 10,799.29 | 22.68 | 91.82 |
#10. Platinum Industries Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Krishna Dushyant Rana |
| 02. | Parul Krishna Rana |
#11. Platinum Industries Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 94.74 |
| Post-issue | – |
#12. Platinum Industries IPO Reservation Details
Platinum Industries IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB Shares Offered | Not More than 50% of the issue size |
| Retail Share Offered | Not less than 35% of the issue size |
| NII (HNI) Shares Offered | Not less than 15% of the issue size |
#13. Platinum Industries IPO – Lot Size
An investor can apply for a minimum of 87 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 87 | 14,877 |
| Retail (Max.) | 13 | 1131 | 1,93,401 |
| HNI (Min.) | 14 | 1218 | 2,08,278 |
| HNI (Max.) | 67 | 5829 | 9,96,759 |
#14. Platinum Industries IPO – Prospectus Copy
An investor can download/view the Platinum Industries prospectus copy, which the company filed to exchange, details are as follows.
| Platinum Industries IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Platinum Industries IPO Registrar
Bigshare Services Private Limited
Phone No.: +91-22-62638200
E-Mail: info@bigshareonline.com
Website: www.bigshareonline.com
#16. Platinum Industries IPO Lead Manager
Unistone Capital Private Limited
Phone No.: +91-9820057533
E-Mail: mb@unistonecapital.com
Website: www.unistonecapital.com
#17. Platinum Industries IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Platinum Industries IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Platinum Industries Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Platinum Industries Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Platinum Industries Company Details
Platinum Industries Limited
Registered Office: Unit No. 841, 4th Floor, Solitaire Corporate Park-8, Andheri Kurla Road, Andheri East, Mumbai-400093, Maharashtra
Phone No: +91-7304538055
Email: cs@platinumindustriesltd.com
Website: www.platinumindustriesltd.com
Investor Grievances/Compliance Officer: B.A Mallawat
#19. Platinum Industries Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Platinum Industries Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Krishna Dushyant Rana |
| 02. | Parul Krishna Rana |
Platinum Industries IPO – Frequently Asked Questions (FAQs)
| #1. What is a Platinum Industries IPO?
Platinum Industries brings its IPO of Rs.235.32 Crore, on February 27, 2024, with a price band of Rs.162 to Rs.171 per share. |
| #2. What is the Platinum Industries IPO Open date?
Platinum Industries IPO’s opening date is February 27, 2024. |
| #3. What is the Platinum Industries IPO Close Date?
Platinum Industries IPO’s closing date is February 29, 2024. |
| #4. What is the Platinum Industries IPO Listing date?
Platinum Industries IPO listing date is March 05, 2024. |
| #5. What is the Platinum Industries IPO Minimum investment amount?
Platinum Industries IPO’s minimum investment amount is Rs.14,877 |
| #6. What is the Platinum Industries IPO offer issue Size?
Platinum Industries offers an issue size of Rs.235.32 Crore. |
| #7. What is the Platinum Industries IPO Price Band?
Platinum Industries IPO price band is Rs.162 to Rs.171 per share. |
| #8. Is Platinum Industries IPO mainboard IPO or SME IPO?
Platinum Industries IPO is a mainboard IPO. |
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