Platinum Industries Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹162 - ₹171
- Lot size
- 87 shares
- Issue amount
- ₹235.32 cr
- Total subscription
- 98.99×
- Opens
- 27 Feb 2024
- Closes
- 29 Feb 2024
- Allotment
- 1 Mar 2024
- Listing
- 5 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 1,37,61,225 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,094
- Fresh issue
- ₹235.32 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,877
- Issue type
- Book Built Issue IPO
- Shares before issue
- 4,11,63,648
- Shares after issue
- 5,49,24,873
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 87 | ₹14,877 |
| sHNI | 14 | 1,218 | ₹2,08,278 |
| bHNI | 68 | 5,916 | ₹10,11,636 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 47.06 | 7,107.04 |
| RETAIL | 82.36 | 4,193.29 |
| HNIs 2+ | 11.77 | 1,746.95 |
| HNIs 10+ | 23.53 | 3,258.25 |
Financial performance
Company financials
in ₹ Crore · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 9.42 | 4.41 | 1.24 |
| ROE | 90.02 | 132.39 | 138.63 |
| ROCE | 56.85 | 52.51 | 74.28 |
| RONW | 61.26 | 79.45 | 107.66 |
| PRE IPO(PE) | 11.13 | 0 | 0 |
| POST IPO(PE) | 18.73 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in August 2016, Platinum Industries Limited specializes in manufacturing stabilizers, including PVC stabilizers, CPVC additives, and lubricants, catering to industries such as PVC pipes, electrical wires, SPC floor tiles, and packaging materials. The company operates a state-of-the-art manufacturing facility in Palghar, Maharashtra, covering over 21,000 square feet. Over the six-year period from 2018 to 2023, Platinum Industries has demonstrated remarkable growth, with revenue from operations increasing at a CAGR of 42.11%, reaching ₹2,340.56 crore in 2023. By July 2023, the company expanded its distribution network to twelve centers across India. As of May 31, 2023, its production unit employs 71 staff members and 17 workers, reinforcing its commitment to innovation and industry leadership.
Strengths
- Consistent Financial Performance: Indicates strong management and operational efficiency, reassuring investors and stakeholders.
- R&D and Sustainability: Commitment to innovation and eco-friendly practices ensures long-term growth and regulatory compliance.
- Diversified Product Portfolio: Reduces reliance on any single market, enhancing financial resilience.
- High Entry Barriers: Protects the company's market position by limiting competition.
- Quality Products: Strengthens customer trust and brand loyalty, contributing to sustained success.
Risk factors
- Dependence on a Single Manufacturing Facility: Increases exposure to risks like supply chain disruptions, regulatory shutdowns, and natural disasters, which could halt production.
- Under-utilization of Capacity: Inefficient use of resources may lead to higher costs and lower profitability, reducing the benefits of facility expansions.
- Compliance Challenges: Past regulatory issues could lead to penalties and affect investor confidence, requiring stronger governance and compliance measures.
- Unrealized Capital Expenditure Plans: Delays in planned investments raise concerns about execution capabilities and long-term growth potential.
Promoters
Krishna Dushyant Rana
Parul Krishna Rana
Registrar & documents
Lead manager
Unistone Capital Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit No. 841, 4th Floor, Solitaire Corporate Park-8, Andheri Kurla Road Andheri (E), Mumbai –400093
+91 7304538055
[email protected]Company website ↗Understanding PLATIND IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.