Platinum Industries IPO Date, Review, Price, Allotment Details

Platinum Industries is a multi-product company engaged in the business of manufacturing stabilizers. Their business segment includes PVC stabilizers, CPVC additives, and lubricants. They operate in the specialty chemicals industry. Their products find their application in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc. The Indian specialty chemicals industry, accounting for ~26% of the overall chemicals industry (excluding pharmaceuticals), was worth $29 billion in fiscal 2020. The industry expanded at 6.7% CAGR over fiscals 2015-20, driven by an increase in domestic offtake from various end-user industries and rising exports. However, in fiscal 2021, the industry declined 3.4% on-year because of a slowdown in economic activity and the consequent decline in demand from end-user industries. The industry exhibited recovery in fiscal 2022 with an estimated worth of $33.5 billion.

They provide customized products and solutions directly to their customers and also through their network of distributors. They also undertake trading activities of associated commodity chemicals such as titanium dioxide and PVC/CPVC resin. They export their products to other countries also. Their business model is aimed at consistently expanding our product portfolio by introducing new products to cater to multiple end-use applications. With a strict focus on product quality and a good track record in the distributor network, they have an established brand image which helps us in penetrating new product categories.

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.
• General corporate purposes.

Platinum Industries IPO Review (Apply or Not)

• Apply

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Religare Broking: To be updated soon
• Hem Securities: To be updated soon
• Arihant Capital: To be updated soon

Platinum Industries IPO Date & Price Band Details

Platinum Industries IPO Market Lot

The Platinum Industries IPO minimum market lot is 87 shares with ₹14,877 application amount. The retail investors can apply up to 13 lots with 1,131 shares or ₹193,401 amount.

Platinum Industries IPO Allotment & Listing Dates

The Platinum Industries IPO date is February 27, and the close date is February 29. The Platinum Industries IPO allotment will be finalized on March 1 and the IPO listing on March 5.

You can check IPO subscription status and IPO allotment status on their respective pages.

Platinum Industries IPO Form

How to apply for the Platinum Industries IPO? You can apply for Platinum Industries IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Platinum Industries IPO in the Invest section. The other option is you can apply for Platinum Industries IPO via IPO forms downloaded via NSE and BSE. Check out the Platinum Industries forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Platinum Industries Company Financial Report

Platinum Industries IPO Valuation – FY2023

Check Platinum Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Supreme Petrochem Ltd.
• Apcotex Industries Ltd.

Company Promoters

• Krishna Dushyant Rana
• Parul Krishna Rana

Platinum Industries IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html

Platinum Industries IPO Allotment Status Check

Check Platinum Industries IPO allotment status on Bigshare website allotment URL. Click Here

Platinum Industries IPO Lead Managers aka Merchant Bankers

• Unistone Capital Pvt Ltd

Company Address

Platinum Industries Limited
Unit No. 841, 4th Floor, Solitaire Corporate
Park-8, Andheri Kurla Road
Andheri (E), Mumbai –400093
Phone: +91 7304538055
Email: [email protected]
Website: https://platinumindustriesltd.com/

Platinum Industries IPO FAQs