Platinum Industries IPO Details | GMP, Date, Price, Review

Platinum Industries IPO Details ( Platinum Industries Limited IPO Review )

(27 Feb 2024 – 29 Feb 2024)

Platinum Industries Limited, established in August 2016, is a specialist in manufacturing stabilizers, focusing on PVC stabilizers, CPVC additives, and lubricants.

Our products play a vital role in various applications such as PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, and packaging materials.

Situated in Palghar, Maharashtra, our manufacturing facility spans 21,000 sq. ft. of land.

Over the past six years, our revenue has experienced impressive growth, reaching ₹2,340.56M in 2023 from ₹284.19M in 2018, reflecting a remarkable CAGR of 42.11%.

As of July 2023, we proudly operate twelve distribution centers across India.

By the end of May 2023, our production unit boasts a dedicated team of 71 employees and 17 workers, contributing to our success.

Platinum Industries Limited Company Product

1. PVC Stabilizer
   • Lead Based
     • Lead Based Stabilizer
     • Hybrid / Low Lead Stabilizer
   • PVC Add Pack
   • Non-Lead Based
     • Calcium Zinc Stabilizer
     • Calcium Organic Stabilizer
     • PVC Add Pack
2. CPVC Additives
   • CPVC Add Pack
   • CPVC Compound
3. Lubricants
   • PE Wax
   • Lubpack

Platinum Industries Limited IPO Competitive Strength

• Consistent financial performance
• R & D and Sustainability
• Varied product portfolio catering to diversified industries
• High entry barriers in the speciality chemical industry
• Quality Products

Platinum Industries IPO Financials Performance ( Results )

Platinum Industries Limited Financial Information (Restated Consolidated)

All Amount in ₹ Crores

Period Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Net Worth	Reserves	Borrowing
31-Mar-21	32.26	89.53	4.82	1.24	4.47	3.53	3.26
31-Mar-22	84.48	189.24	17.75	4.41	22.34	21.28	24.24
31-Mar-23	121.17	232.56	37.58	9.42	61.88	21.80	17.43
30-Sep-23	137.72	123.73	22.84	5.73	85.04	44.86	11.46

Objective of Platinum Industries IPO 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 Basic Details

IPO Date	Feb 27, 2024 to Feb 29, 2024
Listing Date	Tuesday, March 5, 2024
Face Value	₹10 per share
Price	₹162 to ₹171 per share
Lot Size	87 Shares
Issue Size	13,761,225 shares of ₹10 (aggregating up to ₹235.32 Cr)
Fresh Issue	13,761,225 shares of ₹10 (aggregating up to ₹235.32 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE, BSE
Share holding pre issue	41,163,648
Share holding post issue	54,924,873
Company Promoters	Krishna Dushyant Rana and Parul Krishna Rana

Platinum Industries IPO Reservation

QIB Shares Offered	50% of the Net Issue
NII (HNI) Shares Offered	15% of the Net Issue
Retail Shares Offered	35% of the Net Issue

Platinum Industries IPO Timetable

Platinum Industries IPO will open on February 27, 2024 and close on February 29, 2024. You can join Platinum Industries IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	27 February 2024 (Tuesday)
Closing Date	29 February 2024 (Thursday)
Basis of Allotment	1 March 2024 (Friday)
Initiation of Refunds	4 March 2024 (Monday)
Credit of Shares to Demat	4 March 2024 (Monday)
Listing Date	5 March 2024 (Tuesday)
Deadline for UPI mandate confirmation	5 PM on 29 February 2024

Platinum Industries IPO Lot Size

For retail investors in Platinum Industries IPO, 87 shares will come in 1 lot or the minimum investment will be ₹14,877. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹193,401.

Application	Lots	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 Promoter Holding

The company’s promoters include Krishna Dushyant Rana and Parul Krishna Rana.

Pre Issue Share Holding	94.74%
Post Issue Share Holding

Platinum Industries Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	939.22
Earning Per Share (EPS)	₹9.42 per Equity Share
Net Asset Value (NAV)	₹15.37 per Equity Share
P/E Ratio (P/E) (x)	18.73
Post P/E Ratio (P/E) (x)	20.57
Return on Net Worth (RoNW) (%)	61.26
Return on equity (ROE) (%)	90.02
Return on Capital Employed (ROCE) (%)	56.85
Debt/Equity Ratio	0.28
Price/Book Value Ratio	11.13

Platinum Industries IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹90	–	–
23 February 2024	₹90	–	–

Platinum Industries IPO Detail Video:

Platinum Industries IPO Subscription Status (Bidding Detail)

The Platinum Industries IPO on February 29, 2024 at 7:00:00 PM was subscribed 98.99 times, with the retail category being subscribed 50.92 times, the NII (Non-Institutional Investor) category being subscribed 141.79 times, QIB (Qualified-Institutional Buyers) category being subscribed 151.00 times.

Category	Subscription
QIB	151.00x
NII	141.79x
Retail	50.92x
Total	98.99x

Platinum Industries IPO Prospectus

Platinum Industries IPO DRHP	Download
Platinum Industries IPO RHP	Download
Platinum Industries IPO Anchor Investors Details PDF	Download

Platinum Industries IPO Rating

Our Rating

3.5/5.0

Platinum Industries Company Contact Information

Platinum Industries Limited

Registered Office: Unit No. 841, 4th Floor, Solitaire Corporate Park-8 Andheri Kurla Road, Andheri(E), Mumbai – 400093, Maharashtra, India.
Telephone: +91 7304538055
Contact Person: Bhagyashree Amit Mallawat, Company Secretary and Compliance Officer
E-mail: cs@platinumindustriesltd.com
Website: www.platinumindustriesltd.com
Corporate Identity Number: U24299MH2020PLC341637
Promoters of the Company: Krishna Dushyant Rana and Parul Krishna Rana

Platinum Industries IPO Registrar

Bigshare Services Private Limited

Registered Office: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai –400 093, Maharashtra, India.
Telephone: 022-62638200
Facsimile: 022-63638280
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Contact Person: Babu Rapheal C.
Website: www.bigshareonline.com
SEBI Registration Number: INR000001385
CIN: U99999MH1994PTC076534U

Platinum Industries IPO Lead Manager

Unistone Capital Private Limited

Registered Office: A/ 305, Dynasty Business Park, Andheri-Kurla Road, Andheri East, Mumbai – 400 059, India.
Telephone: +91 9820057533
Email: mb@unistonecapital.com
Investor grievance email: compliance@unistonecapital.com
Contact Person: Brijesh Parekh
Website: www.unistonecapital.com
SEBI registration number: INM000012449
CIN: U65999MH2019PTC330850

Platinum Industries IPO FAQs