Platinum Industries IPO Details
Issue Date
27 Feb - 29 Feb'24
Price Range
₹162 - ₹171
Lot Size
87
IPO Size
₹235.32 Cr
Platinum Industries IPO Listing Details
Listing On
5 Mar'24
Issue Price
₹171
Listed Price
₹ 228
Retail Gain/Listing Gain
▲31.58%
Schedule of Platinum Industries IPO
Start date
27/02/2024
End date
29/02/2024
Allotment of bids
Refund Initiation
Listing on exchange
05/03/2024
Platinum Industries IPO Issue Details
Kotak Neo
•30s
Platinum Industries Company Background
Platinum Industries is a multi-product company engaged in the business of manufacturing stabilisers. The business segment includes PVC stabilisers, CPVC additives and lubricants and the company operates in the specialty chemicals industry.
The company’s products are applied in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, and more.
Platinum Industries Competitive Strengths
Consistent financial performance
The company has grown to become a multi-product manufacturing company with sales across India and in international markets. It has built its business organically and has demonstrated consistent growth in terms of revenues and profitability. Revenue from operations has grown from Rs. 891.41 million in Fiscal 2021 to Rs. 2,340.56 million in Fiscal 2023, registering a CAGR of 62.04% in the last three fiscal years.
Varied product portfolio catering to diversified industries
The company’s product portfolio is customised for the customers and scale for each of the geographies served. The diversified product portfolio helps the company retain customers and strengthen cross-selling efforts across product portfolios. For Fiscal 2023, 2022 and 2021, the PVC stabilisers product segment generated revenues of Rs. 1,191.12 million, Rs. 775.95 million and Rs. 520.41 million, representing about 50.89%, 42.09% and 58.38% of its total revenue from operations for the respective periods.
High entry barriers in the speciality chemical industry
Barriers to entry in the specialty chemical industry are typically high. The specialised nature of products leads to significant differentiation. R&D requirements, technical know-how, capital intensity service capabilities, customer relationships, and engineered or regulated specifications also create important barriers to entry. Although these barriers are not homogeneous across the industry, most specialty chemical companies reap the benefits of one or more of them (Source: CRISIL Report).
Risk Factors
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The company operates out of a single manufacturing facility.
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The company is in the process of expanding operations and establishing a network of distributors & customers in regions it does not have a significant presence or prior experience in.
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The company is dependent on a few customers for a major part of its revenues.
Key Strategies
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Expanding production capacities and broadening the global footprint.
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Increase market share.
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Modernisation and expansion of facilities in India.
Platinum Industries Key Financials
Here are the key financials for Platinum Industries Limited:
How to apply for IPO through ASBA
Kotak Neo
•04m 01s
How To Apply for Platinum Industries Ltd IPO?
Here are the steps to apply for Platinum Industries Ltd IPO:
Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Platinum Industries IPO FAQs
The Platinum Industries IPO opens for subscription from 27-02-2024 to 29-02-2024, with a total issue size of ₹235.32 Cr. The IPO price band is ₹162 to ₹171 per share with a lot size of 87. The company aims to list the shares on BSE & NSE on 05-03-2024.
The Platinum Industries IPO will open for subscription on 27-02-2024 and will close on 29-02-2024 for investors.
The minimum lot size for the Platinum Industries IPO is 87 equity shares, requiring a minimum investment of ₹14877 for retail investors applying in the IPO.
The price band of the Platinum Industries IPO has been fixed at ₹162 to ₹171 per equity share.
You can apply for the Platinum Industries IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Platinum Industries IPO allotment will take place on [-].
You can check the Platinum Industries IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Platinum Industries shares will list on the stock exchanges on 05-03-2024.
You can find detailed information about the Platinum Industries IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
Platinum Industries Limited IPO will be allotted on March 1, 2024
Platinum Industries Ltd's IPO listing date is not announced, but the tentative date will be March 5, 2024.
The Platinum Industries Ltd IPO has an issue size of 13,761,225 shares, amounting to ₹235.32 Crores.
To participate in the Platinum Industries Ltd IPO, investors need a minimum lot size of 87 shares, requiring an investment of ₹14,877.
The price band of Platinum Industries Ltd IPO is ₹162 to ₹171 per share.
You may read more about Platinum Industries Limited and its IPO from the company’s red herring prospectus (RHP) here
Bigshare Services Private Limited is the registrar for this IPO.
The public offering of Platinum Industries Ltd IPO will take place from February 27, 2024, and close on February 29, 2024.
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
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