Platinum Industries IPO GMP, Price, Date, Allotment

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Platinum Industries IPO GMP

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.

Platinum Industries

Promoters of Platinum Industries – Krishna Dushyant Rana, and Parul Krishna Rana


Platinum Industries IPO Details

Platinum Industries IPO Dates27 – 29 Feb 2024
Platinum Industries Issue PriceINR 162 – 171 per share
Fresh issue13,761,225 shares (INR 222.93 – 235.31 crore)
Offer For SaleNIL
Total IPO size13,761,225 shares (INR 222.93 – 235.31 crore)
Minimum bid (lot size)87 shares (INR 14,877)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE, NSE

Platinum Industries Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Revenue89.27188.16231.48122.82
Expenses82.84165.28181.6293.49
Net income4.8217.7537.5822.84
Margin (%)5.409.4316.2318.60
Figures in INR Crores unless specified otherwise

Platinum Industries Offer News


Platinum Industries Valuations & Margins

FY 2021FY 2022FY 2023
EPS1.244.419.42
PE ratio17.20 – 18.15
RONW (%)107.6679.4561.26
NAV42.48212.2015.37
ROCE (%)74.2852.5156.85
EBITDA (%)8.4713.4723.27
Debt/Equity0.731.090.28
*Compiled by IPO Central from Prospectus

Platinum Industries IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
24 February 2024422,000
23 February 202430
22 February 202425

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

Coming soon


Platinum Industries – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Platinum Industries18.159.4261.2615.37231.48
Supreme Petrochem16.5726.4927.0298.065,287.21
Apcotex Industries26.5620.8222.6891.821,079.93

Platinum Industries IPO Allotment Status

Platinum Industries IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.


Platinum Industries IPO Dates & Listing Performance

IPO Opening Date27 February 2024
IPO Closing Date29 February 2024
Finalization of Basis of Allotment1 March 2024
Initiation of refunds4 March 2024
Transfer of shares to demat accounts4 March 2024
Platinum Industries IPO Listing Date5 March 2024
Opening Price on NSEComing soon
Closing Price on NSEComing soon

Platinum Industries IPO Reviews – Subscribe or Avoid?

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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[email protected]
Website: 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: +91 22 6263 8200
Email:  [email protected]
Website: 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: +917304538055
Email: [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 42 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 2,000 per application.

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