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Home > IPO > Platinum Industries Ltd IPO

₹ 14877 / 87 shares

IPO Details

RHP/DRHP

Issue Date

27 Feb - 29 Feb'24

Investment/lot

₹ 14877

Price Range

162 - 171

Lot Size

87

IPO Size

₹ 235.32 Cr

IPO Listing Details

Listing On

5 Mar'24

Issue Price

171

Listed Price

₹ 228

Retail Gain/Listing Gain

▲31.58%

Start date

27/02/2024

End date

29/02/2024

Allotment of bids

Refund Initiation

Listing on exchange

05/03/2024

IPO Timeline

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Platinum Industries IPO Issue Details
Platinum Industries Limited is a company that specializes in producing stabilizers. The company manufactures PVC stabilizers, etc. Tune in to know more about the company, IPO issue details, product/service portfolio, and much more with Kinjal Parekh!
Platinum Industries IPO Issue Details

Platinum Industries IPO Issue Details

Kotak Securities

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30s

Platinum Industries is a multi-product company engaged in the business of manufacturing stabilisers. The business segment includes PVC stabilisers, CPVC additives and lubricants and the company operates in the specialty chemicals industry.

The company’s products are applied in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, and more.

Platinum Industries Competitive Strengths

Consistent financial performance

The company has grown to become a multi-product manufacturing company with sales across India and in international markets. It has built its business organically and has demonstrated consistent growth in terms of revenues and profitability. Revenue from operations has grown from Rs. 891.41 million in Fiscal 2021 to Rs. 2,340.56 million in Fiscal 2023, registering a CAGR of 62.04% in the last three fiscal years.

Varied product portfolio catering to diversified industries

The company’s product portfolio is customised for the customers and scale for each of the geographies served. The diversified product portfolio helps the company retain customers and strengthen cross-selling efforts across product portfolios. For Fiscal 2023, 2022 and 2021, the PVC stabilisers product segment generated revenues of Rs. 1,191.12 million, Rs. 775.95 million and Rs. 520.41 million, representing about 50.89%, 42.09% and 58.38% of its total revenue from operations for the respective periods.

High entry barriers in the speciality chemical industry

Barriers to entry in the specialty chemical industry are typically high. The specialised nature of products leads to significant differentiation. R&D requirements, technical know-how, capital intensity service capabilities, customer relationships, and engineered or regulated specifications also create important barriers to entry. Although these barriers are not homogeneous across the industry, most specialty chemical companies reap the benefits of one or more of them (Source: CRISIL Report).

Risk Factors

  • The company operates out of a single manufacturing facility.

  • The company is in the process of expanding operations and establishing a network of distributors & customers in regions it does not have a significant presence or prior experience in.

  • The company is dependent on a few customers for a major part of its revenues.

Key Strategies

  • Expanding production capacities and broadening the global footprint.

  • Increase market share.

  • Modernisation and expansion of facilities in India.

Platinum Industries Key Financials

Here are the key financials for Platinum Industries Limited:

Particulars (in Rs. million)

Particulars (in Rs. million)

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How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Securities

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How to apply for an IPO using UPI

How to apply for an IPO using UPI

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How to apply for an IPO using UPI

Kotak Securities • 01m 19s

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

Here are the steps to apply for Platinum Industries Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Platinum Industries Ltd IPO FAQs

Platinum Industries Ltd IPO will list on 2024-03-05.

235.32 is the issue size of Platinum Industries Ltd IPO.

The minimum lot size is 87 shares and the investment required is ₹14877.

The price band of Platinum Industries Ltd IPO is ₹162 to ₹171.

You can read more about Platinum Industries Ltd and its IPO from the company’s red herring prospectus (RHP) here.

Platinum Industries Limited IPO will be allotted on March 1, 2024

Platinum Industries Ltd's IPO listing date is not announced, but the tentative date will be March 5, 2024.

The Platinum Industries Ltd IPO has an issue size of 13,761,225 shares, amounting to ₹235.32 Crores.

To participate in the Platinum Industries Ltd IPO, investors need a minimum lot size of 87 shares, requiring an investment of ₹14,877.

The price band of Platinum Industries Ltd IPO is ₹162 to ₹171 per share.

You may read more about Platinum Industries Limited and its IPO from the company’s red herring prospectus (RHP) here

Bigshare Services Private Limited is the registrar for this IPO.

The public offering of Platinum Industries Ltd IPO will take place from February 27, 2024, and close on February 29, 2024.

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