Platinum Industries Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

27 Feb 2024

Close Date

29 Feb 2024

Allotment

01 Mar 2024

Listing Date

05 Mar 2024

Exchange

NSE & BSE

Price Band

₹171

Listing Price

See chart

Allotment Status

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Price Band

₹171

Per share

Face Value

₹10 per share

Lot Size

87 Shares

per lot

Issue Size

1,37,61,225 shares (aggregating up to ₹235.32 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,877

1 lot

Pre-IPO Holding

4,11,63,648 shares

Promoters

Post-IPO Holding

5,49,24,873 shares

Promoters

P/E (Pre)

18.73x

P/E (Post)

20.57x

EPS (Pre)

₹9.13

EPS (Post)

₹8.31

UPI Deadline

2024-02-29

Mandate

Anchor AllotmentMon, 26 Feb 2024

Basis of AllotmentFri, 01 Mar 2024

Refund InitiationMon, 04 Mar 2024

Demat CreditMon, 04 Mar 2024

Listing DayTue, 05 Mar 2024

UPI Mandate Deadline2024-02-29

Sale TypeFresh Capital

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Platinum Industries Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Feb 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	13,761,225	100%	₹235.32

IPO Shares Offered

Platinum Industries Ltd. IPO total issue size: ₹235.32 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	13,761,225	₹235.32	100.00%

* Based on upper price band ₹171 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹171.00

Upper Band

Min Investment

₹14,877

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	174	₹29,754
Retail (Max — 13 Lots)	13	1,131	₹193,401
S-HNI (Min — 14 Lots)	14	1,218	₹208,278
B-HNI (Min — 68 Lots)	68	5,916	₹1,011,636

* Issue Price ₹171 × Lot Size 87 shares

IPO Schedule

Anchor

26 Feb 2024

✓ Done

IPO Open

27 Feb 2024

✓ Done

IPO Close

29 Feb 2024

✓ Done

Allotment

01 Mar 2024

✓ Done

Refunds

04 Mar 2024

✓ Done

Demat Credit

04 Mar 2024

✓ Done

Listing Day

05 Mar 2024

✓ Done

₹171.00

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Issue ₹171.00 Live Price

About Platinum Industries Ltd.

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.The revenue from operations grew at a CAGR of 42.11% in six years, from ₹284.19M in 2018 to ₹2,340.56M in 2023.As of July 2023, the company has twelve distribution centres spread across India..As of May 31st, 2023, the production unit has 71 employees and 17 workers.

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; and

General corporate purposes.

Platinum Industries Ltd. Financials (Amount in Crore)

Revenue from Operations

₹189.2

31 Mar 2022

₹232.6

31 Mar 2023

₹123.7

30 Sep 2023

Profit After Tax (PAT)

₹17.8

31 Mar 2022

₹37.6

31 Mar 2023

₹22.8

30 Sep 2023

Particulars	30 Sep 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	123.73	232.56	189.24
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	22.84	37.58	17.75
Net Worth	85.04	61.88	22.34
Total Assets	137.72	121.17	84.48
Reserves & Surplus	44.86	21.80	21.28
Borrowings	11.46	17.43	24.24
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

P/BV Ratio

11.13

RoE

90.02%

RoCE

56.85%

RoNW

61.26%

Debt/Equity

0.28

Issue Structure & Shareholding

Total Shares Offered1,37,61,225 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding4,11,63,648 shares

Post-Issue Promoter Holding5,49,24,873 shares

P/BV Ratio11.13

RoE90.02%

RoCE56.85%

Debt / Equity0.28

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Unistone Capital Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Platinum Industries Ltd. IPO subscribed? ▲

Platinum Industries Ltd. IPO is subscribed 1.00 times by Feb 29, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Platinum Industries Ltd. IPO retail subscription status? ▼

The Platinum Industries Ltd. IPO retail category is subscribed 1.00 times as of 29 Feb 2024. The retail portion is oversubscribed.

How to subscribe Platinum Industries Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 27 Feb 2024 and closes 29 Feb 2024. Min investment: ₹14,877 (1 lot = 87 shares). UPI mandate: 2024-02-29.

How many times Platinum Industries Ltd. IPO subscribed? ▼

The Platinum Industries Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Platinum Industries Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Mar 2024. Refunds: on 04 Mar 2024.

When Platinum Industries Ltd. IPO will be listed? ▼

The Platinum Industries Ltd. IPO listing date is 05 Mar 2024, Tuesday. Listed on: NSE & BSE. Issue price: ₹171. Estimated listing: ₹171. GMP: NIL.

When Platinum Industries Ltd. IPO close? ▼

The Platinum Industries Ltd. IPO closes on 29 Feb 2024, Thursday. UPI mandate: 2024-02-29. Allotment: 01 Mar 2024. Listing: 05 Mar 2024.

Quick Actions

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Live Price LIVE

Last Price₹171.00

Change—

Issue Price₹171.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹171

Face Value₹10

Lot Size87 Sh

Min. Amount₹14,877

GMPNIL

Est. Listing₹171

Subscribed1.00x

Open Date27 Feb 2024

Close Date29 Feb 2024

Allotment01 Mar 2024

Listing Date05 Mar 2024

ExchangeNSE & BSE

UPI Deadline2024-02-29