Platinum Industries Limited 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 centers spread across India.
Platinum Industries Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 27 Feb 2024 |
| IPO Close Date | 29 Feb 2024 |
| Allotment Date | 01 Mar 2024 |
| IPO Listing Date | 05 Mar 2024 |
Platinum Industries Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 162 to Rs. 171 Per Equity Share |
| Market Lot | 87 Shares |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 235 Crore. |
Platinum Industries Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 87 | Rs. 14877 |
| Maximum | 13 | 1131 | Rs. 193401 |
| Small HNI (Minimum) | 14 | 1218 | Rs. 208278 |
| Big HNI (Minimum) | 68 | 5916 | Rs. 1011636 |
Platinum Industries Limited IPO Allotment Status & Forms
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Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 180.78 | 160.30 | 147.44 |
| Total Revenue | 210.93 | 185.61 | 160.93 |
| Profit After Tax | 20.49 | 13.69 | 6.30 |
Company Promoters:
The promoters of the Company are Krishna Dushyant Rana and Parul Krishna Rana.
Purpose of the Issue
- 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.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Nova AgriTech Limited Sy.No.251/A/1, Singannaguda Village Mulugu Mandal Siddipet, Medak- 502279 Phone: +91 84 54253446 Email: ipo@novaagri.in Website: https://novaagri.in | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
