Platinum Industries Limited IPO Detail

Incorporated in August 2016, 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.

The revenue from operations grew at a CAGR of 42.11% in six years, from ₹284.19M in 2018 to ₹2,340.56M in 2023.

As of July 2023, the company has twelve distribution centres spread across India.

As of May 31st, 2023, the production unit has 71 employees and 17 workers.

Company Promoters

Krishna Dushyant Rana and Parul Krishna Rana.

IPO Details

IPO Opening Date	Feb 27, 2024
IPO Closing Date	Feb 29, 2024
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹162 - 171 per equity share
Market Lot	87 Shares
Min Order Quantity	87 Shares
Listing At	BSE, NSE
Issue Size	₹235.32 Cr
Fresh Issue	₹235.32 Cr
Offer for Sale	-
Retail Portion	35%

IPO Subscription (Bidding Detail)

AS On	QIB	SHNI	BHNI	NII	RII	TOTAL
Day 1	0.07x	-	-	13.68x	10.47x	8.19x
Day 2	0.90x	-	-	42.97x	25.76x	22.35x
Day 3	151.00x	-	-	141.79x	50.92x	98.99x

IPO Tentative Timetable

The Platinum Industries Limited IPO open date is Feb 27, 2024, and the close date is Feb 29, 2024. The issue may list on Mar 05, 2024.

IPO Open Date	Feb 27, 2024
IPO Close Date	Feb 29, 2024
Basis of Allotment Date	Mar 01, 2024
Initiation of Refunds	Mar 04, 2024
Credit of Shares to Demat Account	Mar 04, 2024
IPO Listing Date	Mar 05, 2024

IPO Lot Size

The Platinum Industries Limited IPO market lot size is 87 shares. A retail-individual investor can apply for up to 13 lots (1131 shares or ₹193401).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	87	₹14877
Maximum	13	1131	₹193401

IPO Promoter Holding

Pre Issue Share Holding	94.74%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Cr.)

Financial Year	Total Assets	Total Revenue	Profit After Tax
31-Mar-21	32.26	89.53	4.82
31-Mar-22	84.48	189.24	17.75
31-Mar-23	121.17	232.56	37.58

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:

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 Limited IPO Registrar:

Bigshare Services Pvt Ltd

Platinum Industries Limited IPO Lead Manager(s):

Unistone Capital Pvt Ltd

Company Contact Information:

Platinum Industries Limited

Unit No. 841, 4th Floor, Solitaire Corporate

Park-8, Andheri Kurla Road

Andheri (E), Mumbai –400093