Platinum Industries IPO is a book built issue of 1.59 crore shares. The issue is entirely a fresh issue of 1.59 crore shares.
Platinum Industries IPO dates are yet to be announced.
IPO price bands are yet to be announced.
Unistone Capital Pvt Ltd is the book running lead manager of the IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Platinum Industries IPO DRHP for detailed information.
About Platinum Industries Limited
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 IPO Details
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 15,903,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 15,903,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 40,252,948 |
| Share holding post issue | 56,155,948 |
Platinum Industries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Platinum Industries IPO Promoter Holding
The promoters of the Company are Krishna Dushyant Rana and Parul Krishna Rana.
| Share Holding Pre Issue | 96.88% |
| Share Holding Post Issue |
Platinum Industries Limited Financial Information (Restated Consolidated)
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 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 121.17 | 84.48 | 32.26 |
| Revenue | 232.56 | 189.24 | 89.53 |
| Profit After Tax | 37.58 | 17.75 | 4.82 |
| Net Worth | 61.88 | 22.34 | 4.47 |
| Reserves and Surplus | 21.80 | 21.28 | 3.53 |
| Total Borrowing | 17.43 | 24.24 | 3.26 |
| Amount in ₹ Crore | |||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 90.02% |
| ROCE | 56.85% |
| Debt/Equity | 0.28 |
| RoNW | 61.26% |
Objects of the Issue (Platinum Industries IPO Objectives)
- 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.
Platinum Industries Limited Contact Details
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/
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