Platinum Industries IPO Details GMP Price, Launch Date, share price, Issue Size, Review

OUR BUSINESS

We are a multi-product company engaged in the business of manufacturing stabilizers. Our business segment includes PVC stabilizers, CPVC additives and lubricants. We operate in the specialty chemicals industry. Our products find their application in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc.

The Indian specialty chemicals industry, accounting for ~26% of the overall chemicals industry (excluding pharmaceuticals), was worth $29 billion in fiscal 2020. The industry expanded at 6.7% CAGR over fiscals 2015-20, driven by an increase in domestic offtake from various end-user industries and rising exports.

However, in fiscal 2021, the industry declined 3.4% on-year because of a slowdown in economic activity and the consequent decline in demand from end-user industries. The industry exhibited recovery in fiscal 2022 with an estimated worth of $33.5 billion. The Indian speciality chemical industry is expected to reach $51 billion by fiscal 2026, growing at 11.1% CAGR over 2022-26.

PLATINUM INDUSTRIES LIMITED IPO DATE & PRICE BAND DETAILS

IPO Open DateFeb 27, 2024
IPO Close DateFeb 29, 2024
IPO Size ₹216.05 Cr.
IPO Face Value ₹10 Per Equity Share
IPO Price Band₹162 to ₹171. Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota35%
IPO QIB Quota50%
IPO NII Quota15%

PLATINUM INDUSTRIES LIMITED IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum187₹14,877
Retail Maximum131,131₹193,401
S-HNI Minimum141,218₹208,278
B-HNI Minimum685,916₹10,11,636

OBJECTS OF THE OFFER

  1.  Investment in our Subsidiary, Platinum Stabilizers Egypt LLC (“PSEL”) for financing its capital expenditure requirements for the setting up of a manufacturing facility for PVC Stabilizers at SC Zone,       Governorate of Suez, Egypt. (“Proposed Facility 1 (Egypt)”).
  2. Funding of capital expenditure requirements of our Company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India (“Proposed Facility 2 (Palghar)”);
  3.  Funding working capital requirements of our Company.
  4.  General corporate purposes.

PLATINUM INDUSTRIES LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)

Anchor Investor Allotment February 26, 2024
IPO Open Date February 27, 2024
IPO Close Date February 29, 2024
Basis of Allotment March 1, 2024
Refunds March 4, 2024
Credit to Demat Account March 4, 2024
IPO Listing Date March 5, 2024

PLATINUM INDUSTRIES LIMITED FINANCIAL REPORT

₹ in Crores
Year Revenue Expense PAT
2023 ₹232.56 ₹181.62 ₹37.91
2022 ₹189.24 ₹165.28 ₹17.75
2021 ₹89.53 ₹82.84 ₹4.67

OUR PROMOTERS

  1. Krishna Dushyant Rana and Parul
  2. Krishna Rana

QUALITATIVE FACTOR

Some of the qualitative factors which form the basis for computing the Issue Price are:

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

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 20239.429.423
March 31, 20224.414.412
March 31, 20211.241.241
Weighted Average6.396.39

PLATINUM INDUSTRIES LIMITED COMPANY CONTACT DETAILS

Unit No. 841,
4th Floor, Solitaire Corporate Park-8
Andheri Kurla Road, Andheri (E), Mumbai – 400093, Maharashtra.
Email ID: cs@platinumindustriesltd.com
Telephone: +91 7304538055
Website:www.platinumindustriesltd.com

PLATINUM INDUSTRIES LIMITED IPO REGISTAR

Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai –400093.
Tel.:+91 22 6263 8200
Contact Person: Jibu John
Email: ipo@bigshareonline.com
Website:www.bigshareonline.com

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