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.
As of July 2023, the company has twelve distribution centers spread across India. As of May 31st, 2023, the production unit has 71 employees and 17 workers.
Platinum Industries IPO – Details
| IPO Opening Date | 27 February 2024 |
| IPO Closing Date | 29 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,37,61,225 Shares Worth ₹235.32 Crore Fresh Issue: 1,37,61,225 Shares Worth ₹235.32 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹162 – ₹171 |
| Market Lot | 87 Shares |
| Min Order | 87 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Platinum Industries IPO – Date Schedule
| IPO Open Date | 27 February 2024 |
| IPO Close Date | 29 February 2024 |
| Basis of Allotment Date | 01 March 2024 |
| Initiation of Refund | 04 March 2024 |
| Credit of Shares to Demat Account | 04 March 2024 |
| IPO Listing Date | 05 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 29 February 2024 |
Platinum Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,877 |
| Retail (Max) | 13 | 1,131 | ₹1,93,401 |
| S-HNI (Min) | 14 | 1,218 | ₹2,08,278 |
| S-HNI (Max) | 67 | 5,829 | ₹9,96,759 |
| B-HNI (Min) | 68 | 5,916 | ₹10,11,636 |
Competitive Strengths
- Consistent financial performance;
- R & D and Sustainability;
- Varied product portfolio catering to diversified industries;
- High entry barriers in the speciality chemical industry; and
- Quality Products
Company Promoters
- Krishna Dushyant Rana
- Parul Krishna Rana
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 89.53 | 82.83 | 4.81 | 3.26 |
| 31 March 2022 | 189.23 | 165.27 | 17.74 | 24.24 |
| 31 March 2023 | 232.55 | 181.61 | 37.58 | 17.43 |
| 30 September 2023 | 123.73 | 93.49 | 22.83 | 11.46 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 90.02% |
| ROCE | 56.85% |
| Debt/Equity | 0.28 |
| RoNW | 61.26% |
| P/BV | 11.13 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 9.13 | 8.31 |
| P/E (x) | 18.73 | 20.57 |
Object Of The Issue
- Investment 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’.
- Funding of capital expenditure requirements of the company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India.
- Funding working capital requirements of our Company; and
- General corporate purposes.
Platinum Industries IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 5 | Supreme Petrochem Ltd | 24.39 |
| 2 | 2 | Apcotex Industries Ltd | 22.36 |
Platinum Industries IPO Promoter Holding
| Pre Issue Share Holding | 94.73% |
| Post Issue Share Holding | 71.00% |
Platinum Industries IPO Prospectus
Company Contact Information
| Platinum Industries Limited Unit No. 841, 4th Floor, Solitaire Corporate Park-8, Andheri Kurla Road Andheri (E), Mumbai –400093 Phone: +91 7304538055 Email: cs@platinumindustriesltd.com Website: https://platinumindustriesltd.com/ |
Platinum Industries IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Platinum Industries IPO Lead Manager(s)
| 1. Unistone Capital Pvt Ltd |
Platinum Industries IPO FAQs
| What is Platinum Industries IPO? Platinum Industries IPO is a main-board IPO. The issue is priced at ₹162 to ₹171 per equity share. The IPO is to be listed on BSE & NSE. |
| When Platinum Industries IPO will open? The IPO is to open on 27 February 2024 for QIB, NII, and Retail Investors. |
| What is Platinum Industries IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Platinum Industries IPO? You can apply Platinum Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Platinum Industries IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Platinum Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Platinum Industries IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Platinum Industries“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Platinum Industries IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Platinum Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Platinum Industries IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Platinum Industries”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Platinum Industries IPO Size? Platinum Industries IPO size is ₹235.32 Crore. |
| What is Platinum Industries IPO Price Band? Platinum Industries IPO Price Band is ₹162 to ₹171. |
| What is Platinum Industries IPO Minimum and Maximum Lot Size? The minimum bid is 87 Shares with ₹14,877 amount while the maximum bid is 1,131 Shares with ₹1,93,401. |
| What is the Platinum Industries IPO Allotment Date? Platinum Industries IPO allotment date is 01 March 2024. |
| What is the Platinum Industries IPO Listing Date? Platinum Industries IPO listing date is 05 March 2024. The IPO is to list on BSE and NSE. |
