Platinum Industries Limited IPO
Platinum Industries Limited IPO bidding starts from February 27, 2024 and ends on February 29, 2024. The allotment for the Platinum Industries Limited IPO is expected to be finalized on March 1, 2024. Platinum Industries Limited IPO will list on BSE, NSE with tentative listing date fixed as March 5, 2024. Platinum Industries Limited IPO price band is set at ₹162 to ₹171 per share. The minimum lot size for an application is 87 Shares. The minimum amount of investment required by retail investors is ₹14,877.
Important Dates:-
Particulars | Value |
---|---|
Open Date:- | February 27, 2024 |
Close Date:- | February 29, 2024 |
Allotment Date:- | March 1, 2024 |
Listing Date:- | March 5, 2024 |
About Platinum Industries Limited :-
Established in August 2016, Platinum Industries Limited specializes in the production of stabilizers, focusing on manufacturing PVC stabilizers, CPVC additives, and lubricants.
The company's range of products finds application in various industries including PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, among others.
Situated in Palghar, Maharashtra, the company's manufacturing facility spans 21,000 sq. ft. of land.
Over the span of six years, the company's revenue from operations experienced a remarkable growth, achieving a Compound Annual Growth Rate (CAGR) of 42.11%, rising from ₹284.19M in 2018 to ₹2,340.56M in 2023.
As of July 2023, Platinum Industries Limited operates twelve distribution centers across India.
As of May 31st, 2023, the company's production unit employs 71 staff and 17 workers.
Contact Details :-
Address:- Platinum Industries Limited Unit No. 841, 4th Floor, Solitaire Corporate Park-8, Andheri Kurla Road Andheri (E), Mumbai –400093
Phone:- +91 7304538055
E-mail:- cs@platinumindustriesltd.com
Website:- https://platinumindustriesltd.com/
IPO Details :-
Particulars | Value |
---|---|
IPO Type:- | Mainline |
Price:- | ₹162 to ₹171 |
Lot Size:- | 87 |
Minimum Amount for 1 Lot:- | ₹14,877 |
Listing At:- | BSE, NSE |
Total issue of Shares:- | 1,37,61,225 |
Total issue Size:- | ₹235.32 Crore |
Fresh issue of Shares:- | 1,37,61,225 |
Fresh issue Size:- | ₹235.32 Crore |
Face Value:- | ₹10 per Equity Share |
Retail Quota:- | 35% |
QIB Quota:- | 50% |
NII Quota:- | 15% |
Financial Information :-
Amount in ₹ Crore
Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 137.72 | 121.17 | 84.48 | 32.26 |
Revenue | 123.73 | 232.56 | 189.24 | 89.53 |
Profit After Tax | 22.84 | 37.58 | 17.75 | 4.82 |
Net Worth | 85.04 | 61.88 | 22.34 | 4.47 |
Reserves and Surplus | 44.86 | 21.80 | 21.28 | 3.53 |
Total Borrowing | 11.46 | 17.43 | 24.24 | 3.26 |
Key Performance Indicator :-
Particulars | Value |
---|---|
Market Cap (₹ in Crore):- | 939 |
ROE:- | 90.02% |
ROCE:- | 56.85% |
Debt/Equity:- | 0.28 |
RoNW:- | 61.26% |
IPO Registrar :-
Name:- Bigshare Services Pvt Ltd
Website:- https://ipo.bigshareonline.com/ipo_status.html
IPO Prospectus :-
Particulars | Link |
---|---|
Platinum Industries Limited IPO DHRP:- | Click Here |
Platinum Industries Limited IPO RHP:- | Click Here |
GMP :-
GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
---|---|---|---|
23-02-2024 | ₹90 | ₹261 | 52.63% |
24-02-2024 | ₹90 | ₹261 | 52.63% |
25-02-2024 | ₹90 | ₹261 | 52.63% |
26-02-2024 | ₹100 | ₹271 | 58.48% |
27-02-2024 | ₹98 | ₹269 | 57.31% |
28-02-2024 | ₹95 | ₹266 | 55.56% |
29-02-2024 | ₹88 | ₹259 | 51.46% |
01-03-2024 | ₹99 | ₹270 | 57.89% |
02-03-2024 | ₹85 | ₹256 | 49.71% |
03-03-2024 | ₹85 | ₹256 | 49.71% |
04-03-2024 | ₹87 | ₹258 | 50.88% |
05-03-2024 | ₹87 | ₹258 | 50.88% |
Subscription Details :-
Date | QIB | NII | Retail | Total |
---|---|---|---|---|
February 27, 2024 | 0.07 | 13.68 | 10.47 | 8.19 |
February 28, 2024 | 0.90 | 42.97 | 25.76 | 22.35 |
February 29, 2024 | 151.00 | 141.79 | 50.92 | 98.99 |
Allotment Status:-
Particulars | Link |
---|---|
Check Allotment Status (available on March 1, 2024) | Click Here |
Listing Details :-
Particulars | Value |
---|---|
Listing Date:- | March 5, 2024 |
BSE Script Code:- | 544134 |
NSE Symbol :- | PLATIND |
ISIN:- | INE0PT501018 |
Final Issue Price:- | ₹171.00 |
Open:- | ₹225.00 |
Low:- | ₹221.00 |
High:- | ₹236.25 |
Close:- | ₹221.20 |
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