Platinum Industries Limited IPO

Platinum Industries Limited IPO

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

IPO Open Date27 Feb 2024
IPO Close Date29 Feb 2024
Allotment Date01 Mar 2024
IPO Listing Date05 Mar 2024

Platinum Industries Limited IPO Details

Issue TypeBook Built Issue IPO
Face ValueRs. 2 Per Equity Share
IPO PriceRs. 162 to Rs. 171 Per Equity Share
Market Lot87 Shares
Listing AtNSE & BSE
Issue SizeApprox. Rs. 235 Crore.

Platinum Industries Limited IPO Lot Size

Minimum187Rs. 14877
Maximum131131Rs. 193401
Small HNI (Minimum)141218Rs. 208278
Big HNI (Minimum)685916Rs. 1011636

Platinum Industries Limited IPO Allotment Status & Forms

Click Here To Check IPO Allotment Status Platinum Industries Limited IPO

Click Here To Get ASBA Forms Platinum Industries Limited IPO

Company Financials:

Particular31 March 202331 March 202231 March 2021
Total Assets180.78160.30147.44
Total Revenue210.93185.61160.93
Profit After Tax20.4913.696.30
for accurate figures follow the company financials.

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 InformationIPO Registrar
Nova AgriTech Limited

Sy.No.251/A/1, Singannaguda Village
Mulugu Mandal
Siddipet, Medak- 502279
Phone: +91 84 54253446
Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

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