Platinum Industries Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 6,880,612 (50%) | — | ₹11,766 Cr |
| NII (HNI) | — | 2,064,184 (15%) | — | ₹3,530 Cr |
| Retail | — | 4,816,429 (35%) | — | ₹8,236 Cr |
| Σ Total | — | 13,761,225 (100%) | — | ₹235,317 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,877 |
| Retail (Max) | 13 | 1,131 | ₹193,401 |
| S-HNI (Min) | 14 | 1,218 | ₹208,278 |
| B-HNI (Min) | 67 | 5,829 | ₹996,759 |
Financial Statements Amount in Crore
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 124 | 233 | 189 |
| Profit After Tax | 23 | 38 | 18 |
| Net Worth | 85 | 62 | 22 |
| Total Assets | 138 | 121 | 84 |
| Reserves & Surplus | 45 | 22 | 21 |
| Total Borrowing | 11 | 17 | 24 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Investment in the subsidiary, Platinum Stabilizers Egypt LLC ("PSEL"), for financing its capital expenditure requirements about the setting up of a manufacturing facility for PVC Stabilizers at SC Zone 'Governorate of Suez Egypt' –
- Funding of capital expenditure requirements of the company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India –
- Funding working capital requirements of our Company; and –
- General corporate purposes. –
Company Overview
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.
The revenue from operations grew at a CAGR of 42.11% in six years, from ₹284.19M in 2018 to ₹2,340.56M in 2023.
As of July 2023, the company has twelve distribution centres spread across India.
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As of May 31st, 2023, the production unit has 71 employees and 17 workers.