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:
- 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 IPO Details
| IPO Date | February 27, 2024 to February 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹150 to ₹157 per share |
| Lot Size | |
| Total Issue Size | 13,761,225 shares (aggregating up to ₹216.05 Cr) |
| Fresh Issue | 13,761,225 shares (aggregating up to ₹216.05 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 Timeline (Tentative Schedule)
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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 90.02% |
| ROCE | 56.85% |
| Debt/Equity | 0.28 |
| RoNW | 61.26% |
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
Email: cs@platinumindustriesltd.com
Website: https://platinumindustriesltd.com/
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