Platinum Industries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

Platinum Industries is set to embark on an exciting journey with its upcoming Initial Public Offering (IPO). The company aims to raise funds by offering equity shares to the public, marking a significant milestone in its growth and expansion plans.

As investors eagerly anticipate further details, such as the price band and key dates, the Platinum Industries IPO has garnered significant interest from the financial community.

Platinum Industries IPO overview provides insights into the company’s objectives, potential offerings, and what investors should consider before making investment decisions.

Platinum Industries IPO Overview

Platinum Industries is planning an IPO, intending to raise funds by offering up to 15,903,000 equity shares. Before the IPO, a pre-IPO placement of up to Rs. 15.00 crores is likely to take place.

Each share has a face value of Rs. 10. The company will set the price band and minimum bid lot.

The Platinum Industries IPO aims to finance expansion, capital investment, debt repayment, R&D, and other initiatives. Prospective investors should review the prospectus for comprehensive details before making any investment decisions.

Platinum Industries IPO Important Dates

Platinum Industries Limited is preparing to launch its Initial Public Offering (IPO), offering equity shares to the public. However, there is no announcement of Platinum Industries IPO dates, such as the opening and closing dates, price band announcement, bidding period, and listing date yet.

Investors and potential shareholders eagerly await the official announcement of these crucial dates.

Once released, the company will publish the schedule on its website, on stock exchanges, and in financial newspapers. Interested parties should closely monitor these sources for updates on the forthcoming IPO timeline.

Platinum Industries IPO Price, Size, Share Offerings

Platinum Industries aims to offer up to 15,903,000 Equity Shares. This will constitute a post-Issue paid-up Equity Share capital.

The Platinum Industries IPO size proceeds will fund investments in PSEL for Proposed Facility 1 (Egypt) and Proposed Facility 2 (Palghar), working capital requirements, and general corporate purposes.

As per the restated financial statements, the company reported a net worth of Rs 618.79 million, Rs 223.37 million, and Rs 44.72 million, respectively, for fiscal years 2023, 2022, and 2021, and a net profit after tax of Rs 375.84 million, Rs 177.48 million, and Rs 48.15 million, respectively.

There is no disclosure of Platinum Industries IPO price to date.

Platinum Industries IPO Grey Market Premium

As of now, there is no news of the Grey Market Premium (GMP) for Platinum Industries IPO. The Grey Market Premium is the difference between the expected IPO price and the current market price of the shares in the unofficial market.

It indicates investor sentiment and demand before the official listing. After the announcement of the IPO and shares are available for trading, potential investors will monitor the Platinum Industries IPO GMP to assess the market perception of the IPO’s performance.

Platinum Industries IPO Subscription Status

As of now, the Platinum Industries IPO Subscription status remains unknown till date. Investors and the public eagerly anticipate further announcements from the company and regulatory authorities about the IPO’s opening and closing dates, the price band, and the bidding period.

Once the IPO goes live, market participants and potential investors will closely monitor the subscription status to assess the level of interest and demand for the company’s shares.

To stay informed about the subscription status, investors should keep an eye on official announcements and financial news sources for more information.

Platinum Industries IPO Allotment Status

The current status is not known yet about the Platinum Industries IPO Allotment. Following the conclusion of the IPO subscription period, the company and regulatory authorities will process applications and allocate shares accordingly.

Subsequently, the allotment status will be accessible to investors through the company’s website and the registrar’s official portal.

Investors should stay patient and check for updates on the allotment status via these official channels. The information will release after the IPO closes in due course.

Platinum Industries IPO Live Performance

The Platinum Industries IPO live performance is currently unknown, as there is time for the IPO to launch. Investors and the public are eagerly awaiting the IPO’s opening and closing dates, subscription levels, and final listing dates to assess its performance in the market.

Once the IPO is live, its actual performance in terms of oversubscription, price movement, and market response will be closely monitored by investors, analysts, and financial experts.

Until then, the potential success and performance of the Platinum Industries IPO remain a subject of speculation, and accurate data will only be available after the completion of the IPO process.

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Latest Platinum Industries IPO News

Currently, there is not much information about Platinum Industries IPO news. As the IPO date for Platinum Industries is unknown, investors and stakeholders are eagerly awaiting crucial announcements, including the opening and closing dates, subscription levels, and the final listing date.

Once the IPO goes live, market observers will closely monitor its performance, keeping an eye on signs of oversubscription, price fluctuations, and market response.

The potential success and performance of the Platinum Industries IPO have garnered significant interest from the financial community, with experts closely following developments.

Investors should stay in touch for further updates as the IPO journey unfolds and more information becomes available.

Platinum Industries – Company Review

Platinum Industries Limited, a vibrant and active unlisted public company, was established on 09 July 2020, with its headquarters located in the bustling city of Mumbai, Maharashtra.

Operating as a public limited company, it has an authorized share capital of INR 60.00 crore, and the total paid-up capital stands at INR 40.25 crore.

Throughout the financial year that concluded on 31 March 2022, Platinum Industries showcased commendable growth, with operating revenues ranging between INR 100 crore to INR 500 crore.

Impressively, its EBITDA surged by a remarkable 323.93% compared to the previous year, while its book net worth soared by a significant 326.81%. These impressive figures underscore the company’s robust performance and solid financial standing.

Platinum Industries Limited continues to maintain active status, reflecting its continuous operations and engagement in the market. As per the records, the last reported Annual General Meeting took place on 30 September 2022, indicating the company’s commitment to corporate governance and regular interactions with its stakeholders and Platinum Industries IPO.

With its strong financials and active status, Platinum Industries Limited stands poised to make significant strides in its respective industry, attracting the attention and interest of investors and stakeholders alike.

Products or Services

Platinum Industries offers a range of products and services primarily centred around CPVC (Chlorinated Polyvinyl Chloride). Their product offerings include:

CPVC Add Packs & CPVC Compounds: Platinum Industries provides CPVC additive packs and CPVC compounds, which are essential components used in the manufacturing of CPVC pipes, fittings, and other related products. These formulations enhance the properties and performance of CPVC materials, ensuring they meet specific industry standards and requirements.

Lubricants: The company offers various lubricants such as PE Wax, OPE Wax, and Lubpack, which find application in CPVC and other polymer processing. These lubricants play a vital role in improving processing efficiency, reducing friction, and ensuring smooth extrusion or moulding of CPVC products.

Metallic Soaps: Platinum Industries manufactures a range of metallic soaps, including Calcium Stearates, Zinc Stearates, Barium Stearates, and Aluminium Stearates. These metallic soaps serve as additives and stabilizers in CPVC and other polymer formulations, contributing to heat stability, processing ease, and overall product quality.

With a focus on providing high-quality materials and additives for the CPVC industry, Platinum Industries serves as a reliable supplier for manufacturers in the construction, plumbing, and industrial sectors.

Promoters and Holding

Platinum Industries promoters are Krishna Dushyant Rana and Parul Krishna Rana. They are the key promoters of the company and hold significant stakes in the business.

As promoters, they play a crucial role in the management and decision-making processes of Platinum Industries. Their involvement and expertise are vital in driving the company’s growth and success in the industry.

Is Platinum Industries Good for Investment?

Platinum Industries actively engages in manufacturing stabilizers, encompassing PVC stabilizers, CPVC additives, and lubricants. These chemical additives enhance the performance and durability of polyvinyl chloride (PVC) based products, preventing degradation under high temperatures.

Additionally, CPVC additives improve the properties of chlorinated polyvinyl chloride (CPVC) materials. Lubricants, crucial in PVC formulation, are manufactured as internal and external variants.

Operating within the speciality chemicals industry, the global market was valued at $750-770 billion in 2021, displaying a 3-4% CAGR over 2016-21. Predictions indicate a potential 4-5% CAGR growth, reaching $950-970 billion between 2021 and 2026.

In India, the speciality chemicals industry constitutes approximately 26% of the chemicals industry (excluding pharmaceuticals), with a value of $29 billion in fiscal 2020. The sector experienced a 6.7% CAGR expansion over fiscals 2015-20, driven by increased domestic demand and rising exports.

However, fiscal 2021 saw a decline of 3.4% due to economic slowdown and reduced end-user industry demand. The industry showcased a recovery in fiscal 2022, estimated to be worth $33.5 billion.

Expected to reach $51 billion by fiscal 2026, the Indian speciality chemicals industry anticipates an impressive 11.1% CAGR over 2022-26.

Platinum Industries Financial Statements

Platinum Industries IPO Review

As of now, we have limited information to provide a comprehensive review of Platinum Industries IPO. The company plans to offer up to 15,903,000 equity shares at a specific price per share, aggregating to a certain amount. The IPO is expected to constitute a certain percentage of the post-issue paid-up equity share capital.

To assess the IPO’s attractiveness and potential for investors, we need further details on the company’s financials, business prospects, industry performance, and risk factors.

Additionally, we should consider the company’s track record, management team, and competitive position, which will influence the IPO’s outlook.

To make an informed investment decision, investors should thoroughly study the prospectus and conduct due diligence, carefully analyzing all relevant information provided by the company. Consulting with financial experts and qualified advisors can also help in evaluating the IPO’s viability based on individual investment goals and risk tolerance.

As the IPO process is dynamic, market conditions and investor sentiment can further impact its performance.

Therefore, we should stay updated with the latest news and developments surrounding Platinum Industries IPO to make an informed decision when it becomes available.

Platinum Industries IPO Details

Here are a few more details you need to know before investing in Platinum Industries IPO –

Platinum Industries IPO Issue Object

So, Platinum Industries has proposed diverse objectives for making the IPO offer and some of the objectives are:

• Investment in our Subsidiary, Platinum Stabilizers Egypt LLC
• Funding of capital expenditure requirements of our 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 – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• Consistent financial performance;
• R & D and Sustainability;
• Varied product portfolio catering to diversified industries;
• High entry barriers in the speciality chemical industry; and
• Quality Products

Quantitative factors are:

Platinum Industries IPO Lead Managers

Here is the list of Lead managers –

• UNISTONE CAPITAL PRIVATE LIMITED

Platinum Industries IPO Registrar to offer

Check out the details of the registrar here –

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai –400 093, Maharashtra, India.Telephone:022-62638200
Facsimile:022-63638280
Email: ipo@bigshareonline.com;
Investor grievance email:investor@bigshareonline.com
Contact Person: Babu Rapheal C.
Website: www.bigshareonline.com
SEBI Registration Number: INR000001385
CIN: U99999MH1994PTC076534U

Platinum Industries IPO – Other Details

• Statutory Auditor – M/s. AMS & Co
• Legal Counsel to the Company – M/s. Alliance Law
• Bankers to the Company – Bank of Maharashtra

Platinum Industries IPO Verdict by Stock Brokers

Thus, Platinum Industries plans to offer a substantial number of equity shares in its IPO, constituting a certain percentage of the post-issue paid-up equity share capital. More details on financials, business prospects, and risk factors are needed for a comprehensive assessment.

The company’s performance has shown steady growth, with rising net worth and total income. Potential investors should thoroughly review the prospectus and consult with experts for informed decision-making.

Market conditions and sentiment will influence the IPO’s performance, so staying updated with news and developments is essential. Exercise caution and prudence when considering participation in the Platinum Industries IPO.

Platinum Industries IPO – Conclusion

The Platinum Industries IPO holds promise as the company prepares to offer equity shares to the public, but specific dates and pricing details are yet to be disclosed.

With a focus on financing growth and further developments, Platinum Industries aims to capitalize on its solid financial standing and thriving performance. Investors eagerly await key announcements, such as the IPO dates and subscription status, to gauge market interest.

By closely monitoring updates and exercising prudent decision-making, investors can better assess the potential of Platinum Industries IPO in the dynamic market landscape.

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Platinum Industries IPO Review FAQs

Check out the FAQs on Platinum Industries IPO –

What is the Issue Size of Platinum Industries IPO?

The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of Platinum Industries IPO?

The price band for this particular IPO ranges between Rs.NA to Rs. NA. As far as the face value of the share is of concern, it is Rs.10 per share.

What is the Platinum Industries IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

What is the Platinum Industries IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

What is the Platinum Industries IPO Listing Date?

Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

Who is the Registrar of Platinum Industries IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. NA. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of Platinum Industries IPO?

Here are the promoters of this IPO – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of Platinum Industries IPO?

They have obtained the GMP of this IPO and it is Rs. NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

Is Platinum Industries IPO Good for Investment?

They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of Platinum Industries Company?

They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 379.05, 2022 is 177.47, 2021 is 48.15.

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