{"id":5781,"date":"2024-02-23T13:22:59","date_gmt":"2024-02-23T07:52:59","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5781"},"modified":"2024-02-23T13:23:09","modified_gmt":"2024-02-23T07:53:09","slug":"platinum-industries-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/platinum-industries-ipo-details\/","title":{"rendered":"Platinum Industries IPO Details - Complete Overview of Platinum Industries Limited IPO"},"content":{"rendered":"\n

Platinum Industries IPO Price: <\/strong>\u20b9162 to \u20b9171
IPO Date Range:<\/strong> Feb 27, 2024 - Feb 29, 2024<\/p>\n\n\n\n

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\"Platinum<\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Foundation & Business Essence<\/h2>\n\n\n\n

Platinum Industries, established in August 2016, operates as a multi-product company specializing in the production of stabilizers. The company's core business segments encompass PVC stabilizers, CPVC additives, and lubricants. <\/p>\n<\/div>\n<\/div>\n\n\n\n

Product Portfolio<\/h2>\n\n\n\n

The company\u2019s core products PVC stabilizers, CPVC additives, and lubricants play a vital role in various applications, including PVC pipes, profiles, fittings, electrical wires, cables, SPC floor tiles, Rigid PVC foam boards, and packaging materials.<\/p>\n\n\n\n

Platinum Industries adopts a forward-looking business model, emphasizing consistent expansion of its product portfolio. The company is dedicated to introducing new products tailored to diverse end-use applications. Beyond manufacturing stabilizers, they engage in trading activities involving associated commodity chemicals like titanium dioxide and PVC\/CPVC resin.<\/p>\n\n\n\n

Network and Presence<\/h2>\n\n\n\n

Operating in the dynamic specialty chemicals industry, Platinum Industries contributes to an Indian market that accounted for approximately 26% of the overall chemicals industry, excluding pharmaceuticals. The company's strategic focus on quality and innovation has allowed them to navigate industry fluctuations successfully. Platinum Industries has further strengthened its position through an expansive distribution network, encompassing twelve distribution centers across India.<\/p>\n\n\n\n

Bidding Starts In<\/h2>\n\n\n\n
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DAYS<\/div><\/div>
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HOURS<\/div><\/div>
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MINUTES<\/div><\/div>
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SECONDS<\/div><\/div><\/div>\n\n\n\n
APPLY NOW<\/span><\/path><\/svg>

Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

Platinum Industries IPO Specifics:<\/h2>\n\n\n\n
IPO Date<\/td>February 27, 2024 to February 29, 2024<\/td><\/tr>
Listing Date<\/td>Tuesday, March 5, 2024<\/td><\/tr>
Face Value<\/td>\u20b910 per share<\/td><\/tr>
Price Band<\/td>\u20b9162 to \u20b9171 per share<\/td><\/tr>
Lot Size<\/td>87 shares<\/td><\/tr>
Total Issue Size<\/td>13,761,225 shares
(aggregating up to \u20b9235.32 Cr)<\/td><\/tr>
Fresh Issue<\/td>13,761,225 shares
(aggregating up to \u20b9235.32 Cr)<\/td><\/tr>
Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
Listing At<\/td>BSE, NSE<\/td><\/tr>
Share holding pre issue<\/td>41,163,648<\/td><\/tr>
Share holding post issue<\/td>54,924,873<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Platinum Industries IPO Lot Size<\/h2>\n\n\n\n

Bidders have the opportunity to bid for a minimum of 87 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n

Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
Retail (Min)<\/td>1<\/td>87<\/td>\u20b914,887<\/td><\/tr>
Retail (Max)<\/td>13<\/td>1131<\/td>\u20b9193,401<\/td><\/tr>
S-HNI (Min)<\/td>14<\/td>1218<\/td>\u20b9208,278<\/td><\/tr>
S-HNI (Max)<\/td>67<\/td>5829<\/td>\u20b9996,759<\/td><\/tr>
B-HNI (Min)<\/td>68<\/td>5916<\/td>\u20b91,011,636<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Platinum Industries IPO Reservation<\/h2>\n\n\n\n
QIB Shares Offered<\/td>Not more than 50% of the Net Issue<\/td><\/tr>
Retail Shares Offered<\/td>Not less than 35% of the Net Issue<\/td><\/tr>
NII (HNI) Shares Offered<\/td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Platinum Industries IPO Timetable (Important Dates)<\/h2>\n\n\n\n
IPO Open Date<\/td>Tuesday, February 27, 2024<\/td><\/tr>
IPO Close Date<\/td>Thursday, February 29, 2024<\/td><\/tr>
Basis of Allotment<\/td>Friday, March 1, 2024<\/td><\/tr>
Initiation of Refunds<\/td>Monday, March 4, 2024<\/td><\/tr>
Credit of Shares to Demat<\/td>Monday, March 4, 2024<\/td><\/tr>
Listing Date<\/td>Tuesday, March 5, 2024<\/td><\/tr>
Cut-off time for UPI mandate confirmation<\/td>5 PM on February 29, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Don't Miss Out!<\/h2>
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Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

Platinum Industries Limited IPO Financial Information<\/h2>\n\n\n\n

Platinum Industries Limited experienced a notable surge in revenue, marking a remarkable 22.89% increase. Furthermore, the profit after tax (PAT) witnessed an impressive upswing of 111.76% during the financial year concluding on March 31, 2023, as compared to the corresponding period ending on March 31, 2022.<\/p>\n\n\n\n

Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>30 Sep 2023<\/th><\/tr><\/thead>
Assets<\/td>32.26<\/td>84.48<\/td>121.17<\/td>137.72<\/td><\/tr>
Revenue<\/td>89.53<\/td>189.24<\/td>232.56<\/td>123.73<\/td><\/tr>
Profit After Tax<\/td>4.82<\/td>17.75<\/td>37.58<\/td>22.84<\/td><\/tr>
Net Worth<\/td>4.47<\/td>22.34<\/td>61.88<\/td>85.04<\/td><\/tr>
Reserves & Surplus<\/td>3.53<\/td>21.28<\/td>21.80<\/td>44.86<\/td><\/tr>
Total Borrowing<\/td>3.26<\/td>24.24<\/td>17.43<\/td>11.46<\/td><\/tr><\/tbody><\/table>
Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

Key Performance Indicator - Platinum Industries IPO<\/h2>\n\n\n\n
KPI<\/th>Values<\/th><\/tr><\/thead>
Market Cap (Rs Cr)<\/td>939.22<\/td><\/tr>
P\/E (x)<\/td>18.73<\/td><\/tr>
ROE<\/td>90.02%<\/td><\/tr>
ROCE<\/td>56.85%<\/td><\/tr>
Debt\/ Equity<\/td>0.28<\/td><\/tr>
EPS<\/td>9.13<\/td><\/tr>
RoNW<\/td>61.26%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Objects of the Issue:<\/strong><\/h2>\n\n\n\n

The company intends to use the net proceeds from the issue for the following purposes:<\/p>\n\n\n\n