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Platinum Industries IPO is a book built issue of Rs 235.32 crores. The issue is entirely a fresh issue of 1.38 crore shares.
Platinum Industries IPO bidding started from February 27, 2024 and ended on February 29, 2024. The allotment for Platinum Industries IPO was finalized on Friday, March 1, 2024. The shares got listed on BSE, NSE on March 5, 2024.
Platinum Industries IPO price band is set at ₹162 to ₹171 per share. The minimum lot size for an application is 87 Shares. The minimum amount of investment required by retail investors is ₹14,877. The minimum lot size investment for sNII is 14 lots (1,218 shares), amounting to ₹208,278, and for bNII, it is 68 lots (5,916 shares), amounting to ₹1,011,636.
Unistone Capital Pvt Ltd is the book running lead manager of the Platinum Industries IPO, while Bigshare Services Pvt Ltd is the registrar for 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 |
| Price Band | ₹162 to ₹171 per share |
| Lot Size | 87 Shares |
| Total Issue Size | 13,761,225 shares (aggregating up to ₹235.32 Cr) |
| Fresh Issue | 13,761,225 shares (aggregating up to ₹235.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 41,163,648 |
| Share holding post issue | 54,924,873 |
Platinum Industries IPO offers 13,761,225 shares. 2,752,375 (20.00%) to QIB, 2,064,184 (15.00%) to NII, 4,816,429 (35.00%) to RII and 4,128,237 (30.00%) to Anchor investors. 55,361 RIIs will receive minimum 87 shares and 564 (sNII) and 1,129 (bNII) will receive minimum 1,218 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,128,237 (30.00%) | NA |
| QIB Shares Offered | 2,752,375 (20.00%) | NA |
| NII (HNI) Shares Offered | 2,064,184 (15.00%) | |
| bNII > ₹10L | 1,376,123 (10.00%) | 1,129 |
| sNII < ₹10L | 688,061 (5.00%) | 564 |
| Retail Shares Offered | 4,816,429 (35.00%) | 55,361 |
| Total Shares Offered | 13,761,225 (100%) |
Platinum Industries IPO raises Rs 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 | 4,128,237 |
| 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 | Tuesday, February 27, 2024 |
| IPO Close Date | Thursday, February 29, 2024 |
| Basis of Allotment | Friday, March 1, 2024 |
| Initiation of Refunds | Monday, March 4, 2024 |
| Credit of Shares to Demat | Monday, March 4, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 29, 2024 |
Investors can bid for a minimum of 87 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,877 |
| Retail (Max) | 13 | 1131 | ₹193,401 |
| S-HNI (Min) | 14 | 1,218 | ₹208,278 |
| S-HNI (Max) | 67 | 5,829 | ₹996,759 |
| B-HNI (Min) | 68 | 5,916 | ₹1,011,636 |
| Lot Size Calculator | |||
The promoters of the Company are Krishna Dushyant Rana and Parul Krishna Rana.
| Share Holding Pre Issue | 94.74% |
| 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 |
| Revenue | 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 Rs 939.22 Cr.
| KPI | Values |
|---|---|
| ROE | 90.02% |
| ROCE | 56.85% |
| Debt/Equity | 0.28 |
| RoNW | 61.26% |
| P/BV | 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...
The Platinum Industries IPO is subscribed 98.99 times on February 29, 2024 6:20:00 PM. The public issue subscribed 50.92 times in the retail category, 151.00 times in the QIB category, and 141.79 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 151.00 |
| NII | 141.79 |
| bNII (bids above ₹10L) | 138.46 |
| sNII (bids below ₹10L) | 148.46 |
| Retail | 50.92 |
| Total | 98.99 |
Total Application : 3,305,533 (59.71 times)
| Listing Date | March 5, 2024 |
| BSE Script Code | 544134 |
| NSE Symbol | PLATIND |
| ISIN | INE0PT501018 |
| Final Issue Price | ₹171 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹171.00 |
| ₹228.00 |
| ₹219.00 |
| ₹237.00 |
| ₹220.90 |
| NSE |
|---|
| ₹171.00 |
| ₹225.00 |
| ₹221.00 |
| ₹236.25 |
| ₹221.20 |
Platinum Industries Limited
Unit No. 841, 4th Floor, Solitaire Corporate
Park-8, Andheri Kurla Road
Andheri (E), Mumbai –400093
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 13,761,225 equity shares of the face value of ₹10 aggregating up to ₹235.32 Crores. The issue is priced at ₹162 to ₹171 per share. The minimum order quantity is 87 Shares.
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 Shares, and the minimum amount required is ₹14,877.
You can apply in Platinum Industries IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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