Platinum Industries Limited
Mainboard₹14,877 / 87 Shares
Platinum Industries Limited IPO Details
The Platinum Industries Limited IPO price band is set between ₹162-171 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 27 Feb, 2024 and closes on 29 Feb, 2024. Investors can check the allotment status on 1 Mar, 2024, while the listing date is tentatively scheduled for 5 Mar, 2024.
The total issue size is 13,761,225 shares, aggregating up to ₹235.32 Cr. Stay tuned for the latest Platinum Industries Limited IPO review and GMP updates.
Platinum Industries Limited IPO Review, Rating & Analysis
Platinum Industries Limited IPO Review
NO REVIEWPlatinum Industries Limited IPO Rating
Platinum Industries Limited IPO Highlights
IPO Date
Feb 27, 2024 - Feb 29, 2024
Listing Date
5 Mar, 2024
Face Value
₹10 Per Equity Share
Price Band
₹162-171 per equity share
Lot Size
87 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Platinum Industries Limited IPO Lot Size
The minimum market lot for Platinum Industries Limited IPO is 87 shares with an application amount of ₹14,877. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,877 |
| Retail (Max) | 13 | 1131 | ₹1,93,401 |
| S-HNI (Min) | 14 | 1218 | ₹2,08,278 |
| S-HNI (Max) | 67 | 5829 | ₹9,96,759 |
| B-HNI (Min) | 68 | 5916 | ₹10,11,636 |
Platinum Industries Limited IPO Timeline
Issue Price
₹162-171 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdLead Manager
Unistone Capital Pvt LtdIssue Size
13,761,225 shares(aggregating up to ₹235.32 Cr)Platinum Industries Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 121.17 | 232.56 | 37.58 | 61.88 | 21.80 | 17.43 |
| 31 Mar 22 | 84.48 | 189.24 | 17.75 | 22.34 | 21.28 | 24.24 |
| 31 Mar 21 | 32.26 | 89.53 | 4.82 | 4.47 | 3.53 | 3.26 |
All values are in ₹ Cr.
Platinum Industries Limited IPO Valuations
EPS Pre IPO
₹9.13/-EPS Post IPO
₹8.31/-PE Pre IPO
18.73PE Post IPO
20.57ROE
90.02%ROCE
56.85%Debt Equity
0.28RoNW
61.26%PAT Margin
-Price to Book Value
11.13Promoters & Share Holding
Promoter(s) Name
- Krishna Dushyant Rana
- Parul Krishna Rana
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 94.74% | N/A% |
About Company
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.
Platinum Industries Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,752,375 | 2,064,184 1,376,123 688,061 | 4,816,429 | 9,632,988 |
Day 1 -27-02-24 05:00 PM | 0.07 x | 13.36 10.05 x 19.96 x | 10.14 x | 7.95 x |
Day 2 -28-02-24 05:00 PM | 0.90 x | 42.88 34.57 x 59.50 x | 25.56 x | 22.22 x |
Day 3 -29-02-24 05:00 PM | 151.00 x | 141.82 138.46 x 148.55 x | 50.96 x | 99.02 x |
Frequently Asked Questions about Platinum Industries Limited IPO
When will Platinum Industries Limited IPO open for subscription?
The Platinum Industries Limited IPO opens on 27 Feb, 2024 and closes on 29 Feb, 2024.
What is the investors portion for Platinum Industries Limited IPO?
The investors' portion for QIB is 151.00 x, NII is 138.46 x, and Retail is 50.96 x.
How to apply for Platinum Industries Limited IPO?
You can apply for Platinum Industries Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Platinum Industries Limited IPO?
The issue size of Platinum Industries Limited IPO is approx ₹13,761,225 shares(aggregating up to ₹235.32 Cr) crores.
What is the price band of Platinum Industries Limited IPO?
The price band for Platinum Industries Limited IPO is ₹162 to ₹171 per equity share.
What is the lot size of Platinum Industries Limited IPO?
The minimum bid (lot size) for Platinum Industries Limited IPO is N/A shares with an investment of approx ₹14,877 .
What is the allotment date of Platinum Industries Limited IPO?
The allotment date for Platinum Industries Limited IPO is 1 Mar, 2024.
What is the listing date of Platinum Industries Limited IPO?
The listing date for Platinum Industries Limited IPO is expected to be 5 Mar, 2024.
What is the GMP of Platinum Industries Limited IPO?
The latest Grey Market Premium (GMP) for Platinum Industries Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.