Platinum Industries IPO

Platinum Industries Limited

₹14,094 /87 sharesMinimum Investment

Platinum Industries IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹171.00₹228.00₹57.00 (33.33%)

Platinum Industries IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
27 Feb ‘24 - 29 Feb ‘24₹14,09487₹162 - ₹171
Issue SizeIPO Doc
235.32Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers151x
Non-Institutional Investor141.76x
Retail Individual Investor50.67x
Total98.86x

About the company

Platinum Industries Limited is a manufacturer of stabilizers within the specialty chemicals industry. Its business segment encompasses PVC stabilizers, CPVC additives, and lubricants, with applications spanning PVC pipes, profiles, fittings, electrical wires, cables, SPC floor tiles, rigid PVC foam boards, packaging materials, and more. The company offers tailored products and solutions both directly to customers and through an extensive distributor network. Additionally, it engages in trading activities involving related commodity chemicals like titanium dioxide and PVC/CPVC resin. The company also exports its products to international markets. It has a distribution network of 12 locations across India.;
Founded in
2016
Managing director
Mr. Krishna Rana
Parent organisation
Platinum Industries Limited

Strength and risks

Strengths
Risks
The company's revenue from operations increased from Rs. 89.14 cr in Fiscal 2021 to Rs. 234.06 cr in Fiscal 2023, with a CAGR of 62.04% over the three fiscal years. Its Profit After Tax (PAT) increased from Rs. 4.82 cr in Fiscal 2021 to Rs. 36.2 cr in Fiscal 2023, with a CAGR of 174.04% during the same period.
The company has an in-house R&D facility spanning 3,351.82 sq. ft. in Palghar, Maharashtra. The R&D facility comprises an analytical laboratory and an application laboratory, for product quality validation and the development of new compounds and grades.
The company started off with PVC stabilizers and was primarily supplying to PVC pipes industry (irrigation, and water transport). It has expanded its product portfolio to pipes and fittings, rigid and semi-rigid films, window profiles, wires and cables, and other applications such as medical and consumer goods.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular162 - 171₹2 Lakh
High Networth Individual162 - 171₹2 - 5 Lakh
For Platinum Industries IPO, eligible investors can apply as Regular.
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