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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The seated impartial grip row successfully targets the rhomboids and mid-back
muscular tissues by letting you tuck in your elbows as you row.
Avoid gripping the bar too tightly, and give consideration to
squeezing the muscle tissue in your shoulders. Cable rows
are classified as a compound exercise however are quite simple for most individuals to be taught compared to different back workouts, such as the barbell row.
Novices ought to begin with a cable row whereas increasing strength or working towards free weights.
At All Times maintain a slight knee bend whereas performing the
seated cable row. Locking out legs fully can place excessive pressure
on knee joints, which is pointless. Consider slowing down your rep tempo if
you don’t really feel your lats hearth up while performing this train.
As Quickly As you’ve gotten all the best way down, give your
lats a squeeze while maintaining an upright posture. The seated
cable row is a full-body motion, also relying on glute and
core activation so as to maintain stability and an upright posture.
Of course, in relation to these secondarily engaged muscle
groups, you’re going to have to make an effort to activate them to their fullest potential.
You can absolutely coast through this exercise without activating your
glutes, however your form (and gains) will endure over the
long run. In Distinction To many other compound
again workout routines, such as the barbell
row and deadlift, the seated cable row doesn’t place much load on your backbone when carried out
accurately. The bulk of the muscle work gets accomplished whenever you pull again on the shoulders.
Maintain it there for a count, and slowly reverse back to the starting place.
As Soon As again, you’ll be utilizing the cable machine—but this time
standing and with the double-rope attachment related to the machine.
You’ll wish to seize the ropes with an overhand grip, making sure that your arms are prolonged all the finest way out in front.
You’ll need a sturdy, raised platform (such as a bench) and a dumbbell to carry out this exercise.
Put one of your legs on the bench and seize the aspect with the hand
on the same aspect. Continue by bending
over so your upper body is parallel to the floor. If you’re looking to one-up the
single-arm seated cable row, the single-arm dumbbell row could be a good way to do so.
Along with writing content material for Carry Vault, Heather
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She was born in Colorado, raised in northern Michigan, and at present resides in Pennsylvania.
Heather’s major goal is to assist others obtain their health and health goals via education,
motivation, and inspiration. This will assist with mind-muscle connection, which can pay dividends long-term for muscle development.
One of one of the best methods to make this exercise more difficult besides adding extra weight or reps is by slowing down the
motion. At the highest of each rep, pause
for one to 2 seconds and concentrate on squeezing the again as exhausting
as attainable.
You should contract your lats and feel the muscle fiber interact through the negatives.
On the flip aspect, if you have no control over the load within the eccentric
phase, it is a sign that you’re going slightly too heavy.
Logan also loves plank rotations to activate the rhomboids along with your
core, shoulders, and more. Logan additionally recommends doing bear crawls, which practice an entire lot of muscle
tissue, together with the rhomboids. The row could be carried out one
arm at a time to address muscle imbalances and ensure one
facet isn’t compensating for the opposite.
The key to getting this exercise proper is getting your position appropriate
firstly and following this through; specializing in maintaining it by way of every rep.
To perform this train, sit going through away from a cable machine with one finish of
an attachment in every hand. To carry out this train, stand in entrance of the barbell together with your ft shoulder-width aside and grip it just outside of hip width.
Low row workouts are effective, yet easy exercises that can be utilized
to focus on a quantity of muscular tissues in your back.
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It’s simple, however you also want to train safely to guarantee that you avoid harm and progress simply as you’d some other train. We
hope that this train was helpful and we’re assured that you simply now have the data to
effectively embrace this train in your training regime. While the cable standing row (V-Bar) is
an exceptional possibility for serving to to build that roadmap
back, there are so many different variations that you ought to use,
and that you simply might really choose.
And if you’re trying to enhance your other, heavier lifts, then the
seated cable row is a terrific supplementary
movement to the deadlift and squat. Some folks say that changing your grip on the seated cable row greatly impacts which muscular tissues you practice, however that
is over-egging the pudding. It likely modifications which muscular tissues you emphasize to a
small degree, but it’s troublesome to say whether or not this has any meaningful impact
on long-term muscle development. Because this muscle strengthens the upper back
muscles, it may be an excellent exercise to carry out to stop back ache.
The answer is easy; by bringing the bar all the means down to the highest of the chest, you’ll have the ability to alleviate neck and shoulder stress and maximize the recruitment of the focused muscle – the latissimus
dorsi. These muscle tissue act like a weightlifting belt to support your lumbar spine as you lean ahead to perform your rows.
Purposefully partaking your core, a maneuver known as bracing, makes reverse grip rows a a lot safer exercise.
Identified because the biceps for short, this muscle
is situated on the entrance of your higher arm and is responsible for the flexion of the elbow
joint. The reverse or underhand grip places the biceps
in a very favorable position. As such, you may discover you can raise heavier weights or do extra reps than with overhand rows.
The cable rear delt row will turn out to be extra
of a regular wide-grip cable row. The chest-supported dumbbell rear delt row is
a variation that provides enhanced stability and rear delt isolation in comparability with the usual version. The huge advantage with the dumbbell row is that your
weight is supported on the bench. As a outcome, you possibly can concentrate on training the muscle tissue in your again without fatigue within the spinal erectors forcing you to
chop the set brief. If you wish to focus more on the lats, use a comparatively slim grip,
maintain your elbows close to your facet and pull the bar into the lower part of the abdomen.
Once More, you won’t use heavy masses, so this machine
high row substitute works greatest as a muscle hypertrophy motion. The machine high row is going to coach the same set of muscles that other again rows practice,
making it an excellent T-bar row various. The major difference is in the movement sample, which may affect the percent of muscle activation within the muscle
tissue. These are the main machine high row muscular tissues labored and their function in the
course of the motion. Our final row replaces weights with a resistance band however isn’t any less effective at placing
rigidity on the higher again.
Don’t let the load yank your arms again to the starting place
or try to extend your arms slowly. The whole “extension” must be managed but only take about a second.
Once the handle touches your torso, reverse the movement and return to the starting place.
Preserving your back upright, pull the handle to your stomach, allowing your torso to move backward just sufficient
that can help you finish the rep, but no more. Proceed pulling until the deal with touches your torso and your elbows are about 4-to-6 inches from your sides.
Once you reach full contraction at the prime of the motion pause briefly before slowly
lowering yourself again down into starting place. Tremendous setting and
alternating between grips is an awesome technique.
Start utilizing the hardest grip (wide, overhand) and work your means all the method down to the best grip (narrow, underhand).
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When it comes to programming, it is a great train to include on either a back day or a pull
day if you’re doing a push/pull/leg split. Then you might wish to
consider beefing up your again muscles—and do we
now have the exercise for you. And we’ll ship you evidence-based ways to enhance
your physique composition and health as properly as unique deals and reductions.
This permits them to not solely evaluation individual research but in addition analyze the overall weight of the evidence on any and all subjects related to food plan, exercise,
supplementation, and extra. A good way to
do that is to strive totally different grip widths and handle
attachments till you discover two or more that you
like, then alternate between your favorites each 8-to-10
weeks of training. They are essential to manage and shift the load in the course of the pull.
This will help to eliminate and force from momentum and maximise
time underneath rigidity.
In different words, any variation of the row is right,
and you’ll see plenty of them here. We’ll include barbell and dumbbell-based actions,
and some band and TRX based actions. Learn on to study alternatives to the
seated cable row that will have your back getting wider, thicker, and more outlined in no time.
The back muscle groups are the primary goal however the arms work
to stabilise and pull the burden as properly, in order that they
may also develop and enhance. Using momentum to swing a weight upwards tends to be frequent but it throws off the
entire movement, Jesse Feder, CSCS, mentioned. Folks are
most likely to swing when the load could be very heavy
(as a method to make use of momentum to bring it up faster), however Feder
mentioned upright rows aren’t meant to be a low-rep, high-weight exercise.
Fortunately, the seated underhand cable row is an efficient resolution to counteract these effects.
In this post, I will guide you thru the proper type and strategy of the seated underhand
cable row to find a way to strengthen and tone your
upper back muscle tissue and improve your posture. The cable row
is a back- and shoulder-strengthening exercise performed with a cable machine.
The seated row targets a number of again muscle tissue, together with the trapezius, rhomboids and latissimus dorsi.
The exercise additionally strengthens many shoulder muscular tissues and even the legs as they
stabilize your physique during the movement. It’s necessary
to notice that correct type and approach are important
when performing the seated row to maximise its benefits and reduce the danger of harm.
You can attempt different variations of the seated cable row if you don’t have entry
to a cable machine, such because the dumbbell row or the seated band row using resistance bands.
For example, with the seated band row, you sit down with your legs extended straight out in entrance of you.
You maintain the resistance band and loop the other end
around your toes. In Contrast to the cable row machine, the high row will work the
higher again to a better diploma as you might be
pulling from above.
To carry out a Resistance Band Fly, you’ll stand together with your ft shoulder-width
aside, holding the band in every hand, with your arms barely bent.
You will then elevate your arms out to the edges in a wide arc, maintaining your arms at shoulder top.
This exercise is great for strengthening and firming
the chest muscles. The level of the train is to intensely work the breadth of the again, not to
lift probably the most weight attainable.
You can loop a resistance band round your foot or a sturdy pole until the band is consistent with
your elbows, pulling back to have interaction your again and arm muscle tissue.
The seated dumbbell row, also referred to as the bent over row, works the identical muscle teams however with a
really different type. Utilizing two dumbbells, sit
with your toes flat on the bottom and slightly bent ahead.
All of those muscle teams work together to stabilize your shoulders whilst
you perform the motion. Cable rows are an effective way to focus on the muscle tissue of your again, as nicely as
have interaction a number of different muscle groups.
It can also be nice to do the primary bunch of reps to your
stomach and then row as excessive as you can for the last few reps of the
set. That may be an environment friendly way to tire out your muscle tissue, and there are no right or wrongs here.
If you row the barbell further down in your belly,
in the path of your belly button, you’ll decrease the involvement of your biceps
and transfer extra work to your back muscles. As
a rule of thumb, the muscle tissue on “the other side” of your body, relative to gravity and the place of the load, would be the most labored.
The wide-grip seated cable row strengthens the again, shoulders, and biceps while enhancing core
stability and spinal alignment. The extensive grip places elevated resistance on the higher again and
rear shoulder. To start, firmly grip both side of the bar with palms positioned slightly wider than shoulder width apart.
Engage your core and glutes then drive your elbows down in the direction of your ribs while pulling your
chin above the level of the bar utilizing energy
from lats and mid-back muscle tissue only – no swinging!
Do Not be afraid to make the most of the newbie format for a variety of months, “particularly when you have a desk job,” Samuel says.
“You’re saddled with years of poor shoulder blade movement, so being deliberate with how you progress might help you construct the critical muscle that will serve you later.” Hold your core embraced, and posture upright at all times through the movement.
Whereas leaning barely forward and backward, you still need to maintain your again straight.
You can lean barely forward in the starting position, and barely again in the end position.
With this exercise, your higher physique is fully supported, so your decrease back
is completely faraway from the movement. This leaves you free to focus on pushing
your higher back to its limit. Some lifters may find that reverse grip
rows place extra stress on their forearms and wrists than standard rows.
They might even be uncomfortable, particularly if you
have tight biceps. If you are feeling this train extra in your arms than your lats, you may
be better off utilizing a neutral or overhand grip.
You’ll practice preserving your again in a straight and upright position,
quite than hunching forward and compromising your type.
You’ll also minimize stress in your lower back and hamstrings while still hitting these major back muscular tissues.
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