Bookbuilding IPO | ₹235 Cr | Listed at BSE, NSE | Tue, Feb 27, 2024 - Thu, Feb 29, 2024
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 per share. The lot size for an application is 87. The minimum amount of investment required by an retail is ₹14,877 (87 shares) (based on upper price). 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 Open
Tue, Feb 27, 2024
IPO Close
Thu, Feb 29, 2024
Issue Price
₹171 per share
Market Cap (Pre-IPO)
₹939.22 Cr
| IPO Date | 27 to 29 Feb, 2024 |
| Listed on | Tue, Mar 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹162 to ₹171 |
| Issue Price | ₹171 per share |
| Lot Size | 87 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,37,61,225 shares (agg. up to ₹235 Cr) |
| Fresh Issue | 1,37,61,225 shares (agg. up to ₹235 Cr) |
| Share Holding Pre Issue | 4,11,63,648 shares |
| Share Holding Post Issue | 5,49,24,873 shares |
| BSE Script Code / NSE Symbol | 544134 / PLATIND |
| ISIN | INE0PT501018 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 87 shares and in multiples thereof.
| 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 |
Platinum Industries IPO raises ₹70.59 crore from anchor investors. Platinum Industries IPO Anchor bid date is February 26, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Feb 26, 2024 |
| Shares Offered | 41,28,237 |
| Anchor Portion (₹ Cr.) | 70.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Mar 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, May 30, 2024 |
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.
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Platinum Stabilizers Egypt LLC for financing its capital expenditure requirements in relation to the setting up of the Proposed Facility 1 (Egypt) | 6.77 |
| 2 | Funding of capital expenditure requirements of our Company towards setting up of the Proposed Facility 2 (Palghar) | 7.13 |
| 3 | Funding working capital requirements of our Company | 3.00 |
| 4 | General corporate purposes | 4.28 |
| KPI | |
|---|---|
| ROE | 90.02% |
| ROCE | 56.85% |
| Debt/Equity | 0.28 |
| RoNW | 61.26% |
| PAT Margin | 9.32% |
| Price to Book Value | 11.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.13 | 8.31 |
| P/E (x) | 18.73 | 20.57 |
| Promoter Holding | 94.74% | |
| Market Cap | ₹939.22 Cr. |
The Platinum Industries IPO is subscribed 98.99 times on February 29, 2024 6:20:00 PM (Day 3). The public issue subscribed 50.92 times in the retail category, 151 times in the QIB category, and 141.79 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 151 | 27,52,375 | 41,56,16,400 |
| NII | 141.79 | 20,64,184 | 29,26,88,184 |
| bNII (bids above ₹10L) | 138.46 | 13,76,123 | 19,05,40,788 |
| sNII (bids below ₹10L) | 148.46 | 6,88,061 | 10,21,47,396 |
| Retail | 50.92 | 48,16,429 | 24,52,42,038 |
| Total | 98.99 | 96,32,988 | 95,35,46,622 |
Total Application : 33,05,533
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees and commissions (including any underwriting commission, brokerage and selling commission) | 148.50 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 30.30 |
| 3 | Fees payable to Registrar to the issue | 9.02 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 22.73 |
| 5 | Printing and stationery | 8.78 |
| 6 | Fee payable to legal counsels | 4.08 |
| 7 | Advertising and marketing | 2.33 |
| 8 | Miscellaneous | 9.15 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹171.00 | ₹171.00 |
| Open | ₹228.00 | ₹225.00 |
| Low | ₹219.00 | ₹221.00 |
| High | ₹237.00 | ₹236.25 |
| Last Trade | ₹220.90 | ₹221.20 |
Lead Manager Reports
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 Crores. The issue is priced at ₹171 per share. The minimum order quantity is 87.
The IPO opens on Tue, Feb 27, 2024, and closes on Thu, Feb 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 Tue, Feb 27, 2024 and closes on Thu, Feb 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 Mon, Mar 4, 2024. Check the Platinum Industries IPO allotment status.
The Platinum Industries IPO listing date is on Tue, Mar 5, 2024.
