The goal of Platinum Industries’ IPO is to raise Rs 235.32 crores. This indicates that 1.38 crore fresh shares are being issued.
On February 27, 2024, the IPO will start, and it will end on February 29, 2024. Final share allocation is scheduled on March 1, 2024, with BSE and NSE trading anticipated to commence on March 5, 2024.
The initial public offering (IPO) pricing range for Platinum Industries is ₹162 to ₹171 per share. You must pay ₹14,877 for a minimum of 87 shares in order to apply. The minimum investment for Big Individual Investors is ₹1,011,636 (68 lots of 5,916 shares), while Small Individual Investors must contribute ₹208,278 (14 lots of 1,218 shares).
The famous BSE and NSE markets will host Platinum Industries Limited’s Mainboard IPO launch, the company has stated. This IPO will issue a total of Rs. 216.05 crores, all of which will be new shares. Subscriptions for the IPO will be accepted from February 27 to February 29, 2024. The issue price for this initial public offering (IPO) is between Rs. 162 and Rs. 171 per share, with a lot size of 87 shares. Each share has a face value of Rs. 10.
Details of Platinum Industries’ IPO
| IPO Opening Date: | 27-02-2024 |
| IPO Closing Date: | 29-02-2024 |
| IPO Price: | ₹162.00-171.00/Share |
| IPO Size: | ₹235.32 Cr |
| Fresh Issue: | ₹235.32 Cr |
| Face Value: | ₹10/Equity Share |
| IPO At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Type: | Book Build Issue |
Platinum Industries IPO Important Dates
| IPO Activity | Date |
| Allotment* | 01-03- 2024 |
| Refunds* | 04-03- 2024 |
| Credit to Demat* | 04-03- 2024 |
| Listing* | 05-03- 2024 |
Platinum Industries IPO Lots
Here’s a breakdown of the lots for the Platinum Industries IPO:
- Issue Price: ₹162.00-171.00
- Market Lot: 87 Shares
- 1 Lot Amount: ₹14,877
- Minimum Small HNI Lots (2-10 Lakh): 1,218 shares (14 lots)
- Minimum Big HNI Lots (10+ Lakh): 5,916 shares (68 lots)
Subscription of Platinum Industries IPO:
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GMP Of Platinum Industries IPO
As of the latest update on February 24, 2024, at 05:55 PM, the final CMP (Current Market Price) for Platinum Industries IPO is ₹90. With a price band of ₹162.00 to ₹171.00, the estimated listing price for Platinum Industries IPO is ₹261 (cap price + today’s CMP). The expected percentage gain/loss per share is approximately 52.63%.
Financial Data for Platinum Industries Limited
Here’s the information presented in a tabular form:
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 137.72 | 121.17 | 84.48 | 32.26 |
| Revenue | 123.73 | 232.56 | 189.24 | 89.53 |
| Profit After Tax | 22.84 | 37.58 | 17.75 | 4.82 |
| Net Worth | 85.04 | 61.88 | 22.34 | 4.47 |
| Reserves and Surplus | 44.86 | 21.80 | 21.28 | 3.53 |
| Total Borrowing | 11.46 | 17.43 | 24.24 | 3.26 |
About Platinum Industries, Inc.
Platinum Industries is a company mainly manufactures:
- stabilizers
- PVC stabilizers, lubricants
- CPVC additives.
PVC fittings, PVC profiles, SPC floor tiles, stiff PVC foam boards, electrical lines and cables, packaging materials, and more are among the many applications for its goods.
The firm has an 8% market share for the fiscal year 2021–2022, placing it third in terms of total sales, according to a research by CRISIL. Its 21,000 square foot manufacturing plant is situated in Palghar, Maharashtra. Additionally, it keeps up a research and development facility at Dhansar, Palghar, Maharashtra. The business is able to sell its goods both domestically and internationally because to its twelve-location distribution network across India.
Strengths of Platinum Industries’ IPO
1.Platinum Industries manufactures a range of PVC products to meet the demands of different industries.
2. A manufacturer of several products
3. internal research and development division
4. High barriers in the entrance of chemical industry
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