Platinum Industries Ltd. IPO

Q: What is the size of Platinum Industries Ltd. IPO?

The size of the Platinum Industries Ltd. IPO is &#8377;235.32 Cr.

Q: What is the price range of Platinum Industries Ltd. IPO?

The price range of Platinum Industries Ltd. IPO is at &#8377;162 to &#8377;171 per share.

Q: What is the minimum investment and lot size required for the Platinum Industries Ltd. IPO?

The minimum investment required is &#8377;14,877 and minimum lot size is 87 shares.

Platinum Industries Ltd., established in 2023, operates in the Petrochemicals - Polymers sector. The company's IPO opened on February 27, 2024 and closed on February 29, 2024, with an issue price of ... Read more

Min Investment

₹ 14,877 / 87 shares

Price Range

₹162 - ₹ 171

Bidding Dates

27 Feb '24 - 29 Feb '24

Total Issue Value

235.32 Cr

Lot Size

Total Issue Size

235.32 Cr

Listing At

BSE, NSE

Subscription

70.13 times

BSE Price

427.05 (149.74%)

NSE Price

424.10 (148.01%)

IPO Timeline

27 Feb 2024

Bidding Starts
29 Feb 2024

Bidding Ends
1 Mar 2024

Allotment Finalization
5 Mar 2024

Listing

About Platinum Industries Ltd.

We are a multi-product company engaged in the business of manufacturing stabilizers. Our 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 ... Read more

Parent organisation

Founded

Platinum Industries Ltd.

2023

Platinum Industries Ltd. IPO Reservation

Investors Category	Shares Offered
Anchor Investors	41,28,368 (30%)
Non Institutional Investors	20,64,184 (15%)
Qualified Institutional Buyers (QIBs)	27,52,245 (20%)
Retail Individual Investors (RIIs)	48,16,429 (35%)

Platinum Industries Ltd. Financial Information

Year End	Revenue	PAT	Reserves & Surplus
31 Mar 2024	253.27 Cr	43.33 Cr	272.92 Cr
31 Mar 2023	234.79 Cr	36.20 Cr	17.72 Cr
31 Mar 2022	185.44 Cr	15.55 Cr	19.09 Cr

Platinum Industries Ltd. Background

Major Events And Milestones

2016

Incorporated as LLP and started the production of lead and non-lead based PVC Stabilizers
2018

Started production of CPVC additives and lubricants
2019

Set up of Research & Development center at Palghar, Maharashtra
2020

Converted from LLP to Private Limited Company
Started production of Hybrid (Low Lead) PVC stabilizers
Established our subsidiary, Platinum Global Additives Private Limited
2021

Started production of organic based stabilizers
2022

Crossed consolidated turnover of ?1500.00 million
Established our subsidiaries, Platinum Oleo Chemicals Private Limited and Platinum Stabilizers Egypt LLC
Acquired land in Egypt for setting up for the Proposed Facility 2 (Egypt)
Started manufacturing of Polyethylene waxes (PE waxes)
2023

Crossed consolidated turnover of ?2300.00 million

Platinum Industries Ltd. Object of Issues

1. Investment in Platinum Stabilizers Egypt LLC for financing its capital expenditure requirements in relation to the setting up of the Proposed Facility 1 (Egypt)
2. Funding of capital expenditure requirements of our Company towards setting up of the Proposed Facility 2 (Palghar)
3. Funding working capital requirements of our Company
4. General corporate purposes

Platinum Industries Ltd. IPO Listing Details

Listing Date

5 Mar 2024

BSE Script Code

PLATINUMIN

NSE Symbol

PLATINUMIN

ISIN

INE0PT501018

Final Issue Price

₹ 171

Platinum Industries Ltd. Listing Day Trading Information

Pricing Details	BSE	NSE
Issue Price	₹ 171.00	₹ 171.00
Open	₹ 228.00	₹ 225.00
Low	₹ 219.00	₹ 221.00
High	₹ 237.00	₹ 236.25
Last Trade	₹ 220.90	₹ 221.20

Platinum Industries Ltd. Company Promoters

1. Krishna Dushyant Rana
2. Parul Krishna Rana

Industry Overview

Our Company operates in the speciality chemicals industry. The speciality chemicals industry was valued at $773 billion at the global level in 2022. The segment clocked 3.4% CAGR over 2016-2022. The Indian speciality chemicals industry, accounting for ~26% of the overall chemicals industry ... Read more

Platinum Industries Ltd. Contact Details

Address: Unit No. 841, 4th Floor, Solitaire Corporate Park-8, Andheri Kurla Road, Andheri(E), Mumbai Maharashtra - 400093
Phone no:7304538055

Email: [email protected]

7304538055

Visit Website

Platinum Industries Ltd. IPO Registrar

Bigshare Services Private Limited.

S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai Maharashtra - 400093

62638200

Platinum Industries Ltd. IPO Lead Manager(s)

Unistone Capital Pvt. Ltd.

A/305, Dynasty Business Park, Andheri Kurla Road, Andheri East, Mumbai Maharashtra - 400059

FAQs

When does Platinum Industries Ltd. IPO opens and closes?

Platinum Industries Ltd. IPO opens from 27th February to 29th February 2024.

What is the size of Platinum Industries Ltd. IPO?

The size of the Platinum Industries Ltd. IPO is ₹235.32 Cr.

What is the price range of Platinum Industries Ltd. IPO?

The price range of Platinum Industries Ltd. IPO is at ₹162 to ₹171 per share.

What is the minimum investment and lot size required for the Platinum Industries Ltd. IPO?

The minimum investment required is ₹14,877 and minimum lot size is 87 shares.

When is Platinum Industries Ltd. IPO listing date?

The Platinum Industries Ltd. IPO will be listed on 5th March 2024.

What is the objective of Platinum Industries Ltd. IPO?

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