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Platinum Industries IPO is a book build issue of ₹235.32 crores. The issue is entirely a fresh issue of 1.38 crore shares of ₹235.32 crore.
Platinum Industries IPO bidding started from Feb 27, 2024 and ended on Feb 29, 2024. The allotment for Platinum Industries IPO was finalized on Mar 1, 2024. The shares got listed on BSE, NSE on Mar 5, 2024.
Platinum Industries IPO price band is set at ₹171.00 per share . The lot size for an application is 87. The minimum amount of investment required by an retail is ₹14,094 (87 shares). The lot size investment for sNII is 14 lots (1,218 shares), amounting to ₹2,08,278, and for bNII, it is 68 lots (5,916 shares), amounting to ₹10,11,636.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Platinum Industries IPO RHP for detailed Information.
| IPO Date | February 27, 2024 to February 29, 2024 |
| Listing Date | March 5, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹162 to ₹171 per share |
| Issue Price Final | ₹171 per share |
| Lot Size | 87 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,37,61,225 shares (aggregating up to ₹235.32 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,11,63,648 shares |
| Share Holding Post Issue | 5,49,24,873 shares |
Platinum Industries IPO offers total 1,37,61,225 shares. Out of which 68,80,612 (50.00%) allocated to QIB, 27,52,375 (20.00%) allocated to QIB, 20,64,184 (15.00%) allocated to NII, 48,16,429 (35.00%) allocated to RII and 41,28,237 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 68,80,612 (50.00%) | NA |
| − Anchor Investor Shares Offered | 41,28,237 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 27,52,375 (20.00%) | NA |
| NII (HNI) Shares Offered | 20,64,184 (15.00%) | NA |
| − bNII > ₹10L | 13,76,123 (10.00%) | 1,129 |
| − sNII < ₹10L | 6,88,061 (5.00%) | 564 |
| Retail Shares Offered | 48,16,429 (35.00%) | 55,361 |
| Total Shares Offered | 1,37,61,225 (100.00%) |
Platinum Industries IPO raises ₹70.59 crore from anchor investors. Platinum Industries IPO Anchor bid date is February 26, 2024. Platinum Industries IPO Anchor Investors list
| Bid Date | February 26, 2024 |
| Shares Offered | 41,28,237 |
| Anchor Portion Size (In Cr.) | 70.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 30, 2024 |
Platinum Industries IPO opens on February 27, 2024, and closes on February 29, 2024.
| IPO Open Date | Tue, Feb 27, 2024 |
| IPO Close Date | Thu, Feb 29, 2024 |
| Tentative Allotment | Fri, Mar 1, 2024 |
| Initiation of Refunds | Mon, Mar 4, 2024 |
| Credit of Shares to Demat | Mon, Mar 4, 2024 |
| Tentative Listing Date | Tue, Mar 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 29, 2024 |
Investors can bid for a minimum of 87 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,877 |
| Retail (Max) | 13 | 1,131 | ₹1,93,401 |
| S-HNI (Min) | 14 | 1,218 | ₹2,08,278 |
| S-HNI (Max) | 67 | 5,829 | ₹9,96,759 |
| B-HNI (Min) | 68 | 5,916 | ₹10,11,636 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in August 2016, Platinum Industries Limited is a company that specializes in producing stabilizers. The company manufactures PVC stabilizers, CPVC additives and lubricants.
The company's products are used in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc.
The manufacturing facility of the company is situated in Palghar, Maharashtra, and spreads across 21,000 sq. ft. of land.
Platinum Industries Limited's revenue increased by 22.89% and profit after tax (PAT) rose by 111.76% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 137.72 | 121.17 | 84.48 | 32.26 |
| Total Income | 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 |
| Amount in ₹ Crore | ||||
The market capitalization of Platinum Industries IPO is ₹939.22 Cr.
| KPI | Values |
|---|---|
| ROE | 90.02% |
| ROCE | 56.85% |
| Debt/Equity | 0.28 |
| RoNW | 61.26% |
| Price to Book Value | 11.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.13 | 8.31 |
| P/E (x) | 18.73 | 20.57 |
[Dilip Davda] The company is a multi-product player in PVC stabilizers, lubricants etc. and has created a niche place with innovative quality products that brings high margins. The company posted growth in its top and bottom lines and the management is confident of maintaining the trends in coming years. Though on the basis of FY24 annualized earnings the issue appears fully priced, it is worth grabbing for the medium to long term rewards considering bright prospects ahead and its timely expansion plans. Read detail review...
| Listing Date | March 5, 2024 |
| BSE Script Code | 544134 |
| NSE Symbol | PLATIND |
| ISIN | INE0PT501018 |
| Final Issue Price | ₹171 per share |
| BSE Listing Group | T |
Platinum Industries Ltd.
Unit No. 841, 4th Floor, Solitaire Corporate
Park-8, Andheri Kurla Road
Andheri (E), Mumbai –400093
Andheri, Maharashtra
Phone: +91 7304538055
Email: cs@platinumindustriesltd.com
Website: https://platinumindustriesltd.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Platinum Industries IPO is a main-board IPO of 1,37,61,225 equity shares of the face value of ₹10 aggregating up to ₹235.32 Crores. The issue is priced at ₹171 per share. The minimum order quantity is 87.
The IPO opens on February 27, 2024, and closes on February 29, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Platinum Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Platinum Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Platinum Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Platinum Industries IPO opens on February 27, 2024 and closes on February 29, 2024.
Platinum Industries IPO lot size is 87, and the minimum amount required for application is ₹14,877.
You can apply in Platinum Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Platinum Industries IPO will be done on Friday, March 1, 2024, and the allotted shares will be credited to your demat account by Monday, March 4, 2024. Check the Platinum Industries IPO allotment status.
The Platinum Industries IPO listing date is on Tuesday, March 5, 2024.
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