Platinum Industries Ltd. IPO
Platinum Industries Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹171
Issue Price
Listing Price
₹228
Listing Price
Listing Gains
+₹57.00 (+33.33%)
Listing Gains
IPO Details
Bidding Dates
27 Feb - 29 Feb '24
Bidding Dates
Min. Investment
₹14,094
Min. Investment
Lot Size
87.00
Lot Size
Price Range
₹162 - ₹171
Price Range
Issue Size
223 Cr
Issue Size
Subscription Rate
- Retail Individual Investor50.99x
- Non-Institutional Investor141.83x
- Qualified Institutional Buyers151.00x
- Employees
About Company
Incorporated in August 2016, Platinum Industries Limited is a company that specializes in producing stabilizers. The company produces lubricants, CPVC additives, and PVC stabilisers. Situated in Palghar, Maharashtra, the company's manufacturing facility has 21,000 square feet of land.
The company operates twelve distribution locations throughout India as of July 2023. Stabilisers are the primary product of Platinum Industries Ltd. (PIL), a multi-product firm. Lubricants, CPVC additives, and PVC stabilisers are all part of its business category. It therefore deals with specialty chemicals, and the items it produces are used in PVC fittings, pipes, profiles, electrical wires and cables, SPC floor tiles, rigid PVC foam boards, packaging materials and so on.
Important Dates - Platinum Industries IPO
| Application opens on | 27th February 2024 |
| Last date of application | 29th February 2024 |
| Date of Allotment | 01st March 2024 |
| Refund begins from | 04th March 2024 |
| Credit of shares to Demat | 04th March 2024 |
| Listing date | 05th March 2024 |
Why should you invest in Platinum Industries Ltd. IPO?
With a 13.00% market share for the fiscal year 2022–2023 in the home market, PIL is the third-largest player in the PVC stabilisers segment in terms of sales, according to the CRISIL Report. In comparison to its industry rivals, the company achieved the greatest revenue compound annual growth rate (CAGR) of 48.8% in fiscal 2023. Their business strategy is to continuously add new items to their lineup in order to meet the needs of various end-user applications. Their well-established brand image aids in their penetration of new product categories, and they have a strong track record in the distribution network and a tight focus on product quality.
Financial Snapshot - Platinum Industries IPO
Check out the financial performance of Platinum Industries for recent years:
| Financial Year | Total Assets | Total Revenues | Net Profit |
|---|---|---|---|
| March 2021 | Rs 32.26 crore | Rs 89.53 crore | Rs 4.82 crore |
| March 2022 | Rs 84.48 crore | Rs 189.24 crore | Rs 17.75 crore |
| March 2023 | Rs 121.17 crore | Rs 232.56 crore | Rs 37.58 crore |
Platinum Industries Ltd. IPO - SWOT Analysis
Strengths
- Increasing Net Cash Flow and Cash from Operating Activities
- Effective Asset Management to Produce Profits, with ROA increasing over the past two years
Weaknesses
- Using shareholder money inefficiently—ROE has decreased during the past two years
Opportunities
- Low-debt company
- Growing annual net profits over the last two years
Threats
- Businesses whose expenses are rising YoY for extended-duration projects
Platinum Industries IPO Grey Market Premium
| Date | GMP |
|---|---|
| 24th February | Rs.90 |
| 23rd February | Rs.90 |
| 22nd February | Rs.32 |
Platinum Industries IPO Noteworthy Highlights
The company proposes to use the Net Proceeds from the Issue for the following purposes:
- Investment in the subsidiary Platinum Stabilisers Egypt LLC ("PSEL") to finance the company's capital expenditure requirements for establishing a PVC stabiliser manufacturing facility at SC Zone "Governorate of Suez Egypt"
- Finance the company's capital expenditure requirements for establishing a PVC stabiliser manufacturing facility in Palghar, Maharashtra, India.
- Financing the company's working capital needs as well as general corporate objectives.
How to apply for Platinum Industries Ltd. IPO?
You can apply for the Platinum Industries Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Platinum Industries Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
