Last updated on March 5, 2024
Platinum Industries IPO Description – Platinum Industries operates as a diversified company, focusing on the manufacturing of stabilizers. Within its business segment, it specializes in PVC stabilizers, CPVC additives, and lubricants. The company is active in the specialty chemicals industry. The company’s products are utilized in various applications, including PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, rigid PVC foam boards, packaging materials, and more.
The revenue from operations witnessed significant growth, escalating from INR 28.42 crore in Fiscal 2018 to INR 234.06 crore in Fiscal 2023. This remarkable expansion reflects a CAGR of 42.11% over six years.
As of July 2023, Platinum Industries boasts a distribution network spanning 12 locations across India. As of 31 May 2023, the production unit employs 71 staff members and 17 laborers.
Promoters of Platinum Industries – Krishna Dushyant Rana, and Parul Krishna Rana
Table of Contents
Platinum Industries IPO Details
| Platinum Industries IPO Dates | 27 – 29 Feb 2024 |
| Platinum Industries Issue Price | INR 162 – 171 per share |
| Fresh issue | 13,761,225 shares (INR 222.93 – 235.31 crore) |
| Offer For Sale | NIL |
| Total IPO size | 13,761,225 shares (INR 222.93 – 235.31 crore) |
| Minimum bid (lot size) | 87 shares (INR 14,877) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Platinum Industries Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 89.27 | 188.16 | 231.48 | 122.82 |
| Expenses | 82.84 | 165.28 | 181.62 | 93.49 |
| Net income | 4.82 | 17.75 | 37.58 | 22.84 |
| Margin (%) | 5.40 | 9.43 | 16.23 | 18.60 |
Platinum Industries Offer News
- Platinum Industries RHP
- Platinum Industries DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Platinum Industries Valuations & Margins
|  | FY 2021 | FY 2022 | FY 2023 |
| EPS | 1.24 | 4.41 | 9.42 |
| PE ratio | – | – | 17.20 – 18.15 |
| RONW (%) | 107.66 | 79.45 | 61.26 |
| NAV | 42.48 | 212.20 | 15.37 |
| ROCE (%) | 74.28 | 52.51 | 56.85 |
| EBITDA (%) | 8.47 | 13.47 | 23.27 |
| Debt/Equity | 0.73 | 1.09 | 0.28 |
Platinum Industries IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 4 March 2024 | 90 | – | 5,700 |
| 2 March 2024 | 95 | – | 6,000 |
| 1 March 2024 | 90 | – | 6,000 |
| 29 February 2024 | 95 | – | 6,500 |
| 28 February 2024 | 95 | – | 6,800 |
| 27 February 2024 | 93 | – | 6,500 |
| 26 February 2024 | 80 | – | 6,000 |
| 24 February 2024 | 42 | – | 2,000 |
| 23 February 2024 | 30 | – | – |
| 22 February 2024 | 25 | – | – |
Platinum Industries Offer Objectives
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
- Investment in the Subsidiary, Platinum Stabilizers Egypt LLC (PSEL) for financing its capital expenditure requirements for the setting up of a manufacturing facility for PVC Stabilizers at SC Zone, Governorate of Suez, Egypt – INR 67.72 crore
- Funding of capital expenditure requirements of the company towards setting up a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India – INR 71.26 crore
- Funding working capital requirements of the company – INR 30 crore
- General corporate purposes.
Platinum Industries IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 2,752,375 | 2,064,184 | 4,816,429 | 9,632,988 |
| 29 Feb 2024 | 0.90 | 42.88 | 25.56 | 22.22 |
| 28 Feb 2024 | 0.90 | 42.88 | 25.56 | 22.22 |
| 27 Feb 2024 | 0.07 | 13.60 | 10.26 | 8.06 |
Platinum Industries – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Platinum Industries | 18.15 | 9.42 | 61.26 | 15.37 | 231.48 |
| Supreme Petrochem | 16.57 | 26.49 | 27.02 | 98.06 | 5,287.21 |
| Apcotex Industries | 26.56 | 20.82 | 22.68 | 91.82 | 1,079.93 |
Platinum Industries IPO Allotment Status
Platinum Industries IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Platinum Industries IPO Dates & Listing Performance
| IPO Opening Date | 27 February 2024 |
| IPO Closing Date | 29 February 2024 |
| Finalization of Basis of Allotment | 1 March 2024 |
| Initiation of refunds | 4 March 2024 |
| Transfer of shares to demat accounts | 4 March 2024 |
| Platinum Industries IPO Listing Date | 5 March 2024 |
| Opening Price on NSE | INR 225 per share (up 31.58%) |
| Closing Price on NSE | INR 221.2 per share (up 29.36%) |
Platinum Industries IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Axis Capital –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – 48/100
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elite Wealth – Subscribe
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect –
Investmentz –
Jainam Broking – Avoid
DR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
Samco Securities – Not Rated
SMC Global – 1.5/5
Swastika Investmart – Subscribe for long term
Ventura Securities – Subscribe
Platinum Industries IPO Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone:+91 98200 57533
Email:Â [email protected]
Website:Â www.unistonecapital.com
Platinum Industries Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Platinum Industries Contact Details
PLATINUM INDUSTRIES LIMITED
Unit No. 841, 4th Floor, Solitaire Corporate Park-8,
Andheri Kurla Road, Andheri(E), Mumbai – 400093
Phone:Â +917304538055
Email:Â [email protected]
Website: www.platinumindustriesltd.com
Platinum Industries IPO FAQs
How many shares in Platinum Industries IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Platinum Industries Public Offer?
The best way to apply in Platinum Industries’ public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Platinum Industries IPO GMP today?
Platinum Industries IPO GMP today is INR 90 per share.
What is Platinum Industries kostak rate today?
Platinum Industries kostak rate today is INR NA per application.
What is Platinum Industries Subject to Sauda rate today?
Platinum Industries Subject to Sauda rate today is INR 5,700 per application.
