Platinum Industries Ltd. IPO

Platinum Industries Ltd.

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

+₹57.00 (+33.33%)

Listing Gains

IPO Details

Bidding Dates

27 Feb - 29 Feb '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹162 - ₹171

Price Range

Issue Size

223 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • 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


  • Increasing Net Cash Flow and Cash from Operating Activities 
  • Effective Asset Management to Produce Profits, with ROA increasing over the past two years



  • Using shareholder money inefficiently—ROE has decreased during the past two years


  • Low-debt company
  • Growing annual net profits over the last two years


  • 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:

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.
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Platinum Industries Ltd. IPO FAQs

What are the opening and closing dates for Platinum Industries Limited IPO?

Platinum Industries Limited IPO will open for subscription on February 27 and close on February 29.

What is the price band for Platinum Industries Limited IPO?

The price band for Platinum Industries Limited IPO is ₹162 to ₹171 per share.

What is the minimum and maximum lot size for the Platinum Industries Limited IPO?

The minimum lot size is 87 shares. 

Who are Platinum Industries Limited IPO Lead Managers?

Unistone Capital Pvt Ltd Book Running Lead Manager (BRLM) to the issue.

Who is the registrar of the issue?

Bigshare Services Pvt Ltd is the registrar for Platinum Industries Limited IPO.

When will the Platinum Industries Limited IPO allotment take place?

The finalisation of the basis of allotment for Platinum Industries Limited IPO will be done on March 01, 2024, and the allotted shares will be credited to investors’ demat accounts by March 04, 2024.

When and where will the Platinum Industries Limited shares be listed?

The equity shares of Platinum Industries Limited are proposed to be listed on March 05, 2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).


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