Platinum Industries Limited IPO (Platinum Industries IPO) Detail

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Details of Platinum Industries IPO Limited

About the company:

Incorporated in August 2016, Platinum Industries Limited is a company that specializes in producing stabilizers. The company manufactures PVC stabilizers, CPVC additives and lubricants.

Beginnings in the year 2016, Platinum today stands tall as one of the leading PVC & CPVC additives manufacturers. Company provide end-to-end additives solutions for the entire range of polymers.

Being present and serving every region & community that needs Platinum. With 30 countries already benefiting from this company’s products, it aim to add 30 more countries soon.

Objects of the Issue

The money raised from IPO will be utilized by the company for the following objects:

  1. 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’
  2. Funding of capital expenditure requirements of the company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India
  3. Funding working capital requirements of our Company; and
  4. General corporate purposes.

Platinum Industries IPO Details

IPO DateFebruary 27, 2024 to February 29, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹150 to ₹157 per share
Lot Size
Total Issue Size13,761,225 shares
(aggregating up to ₹216.05 Cr)
Fresh Issue13,761,225 shares
(aggregating up to ₹216.05 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue41,163,648
Share holding post issue54,924,873

Platinum Industries IPO Timeline (Tentative Schedule)

Platinum Industries IPO opens on February 27, 2024, and closes on February 29, 2024.

IPO Open DateTuesday, February 27, 2024
IPO Close DateThursday, February 29, 2024
Basis of AllotmentFriday, March 1, 2024
Initiation of RefundsMonday, March 4, 2024
Credit of Shares to DematMonday, March 4, 2024
Listing DateTuesday, March 5, 2024
Cut-off time for UPI mandate confirmation5 PM on February 29, 2024

Key Performance Indicator


Platinum Industries Limited Contact Details

Platinum Industries Limited
Unit No. 841, 4th Floor, Solitaire Corporate
Park-8, Andheri Kurla Road
Andheri (E), Mumbai –400093
Phone: +91 7304538055

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