Platinum Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Platinum Industries Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹171
Per ShareLot Size
87 Shares
Minimum Investment
₹14,877
Issue Size
₹235.32 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Platinum Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
94.72%
Issue Type
Book Building
ISIN
INE0PT501018
About the Company
Platinum Industries Limited is a multi-product company engaged in the business of manufacturing stabilizers. Its business segment includes PVC stabilizers, CPVC additives and lubricants. PVC stabilizers are chemical additives used in the production of polyvinyl chloride (PVC) based products to enhance its performance and durability. They help prevent the degradation of PVC when exposed to high temperatures during processing or end-use applications. CPVC additives are chemical substances added to enhance the properties and performance of chlorinated polyvinyl chloride (CPVC) materials. Lubricants are an integral part of PVC formulation. The Company manufactures both internal and external lubricants. Its 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.
Industry Overview
The Company operates in the speciality chemicals industry. The speciality chemicals industry was valued at $773 billion at the global level in 2022. The segment clocked 3.4% CAGR over 2016-2022. The Indian speciality 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 2023 with a worth of $37.9 billion. The Indian specialty chemical industry is expected to reach $48.1 billion by fiscal 2026, growing at 8.3% CAGR over 2023-26.
Company History
Platinum Industries Limited was incorporated under the provisions of the Limited Liability Partnership Act, 2008 in the name and style of "Platinum Industries LLP" on August 19, 2016. Platinum Industries LLP was thereafter converted into a private limited company "Platinum Industries Private Limited" pursuant to the provisions of Chapter XXI of the Companies Act, 2013 vide Certificate of Incorporation dated July 09, 2020 issued by the Central Registration Centre, Registrar of Companies. Subsequently, the Company has been converted into a public limited company and the name of the Company changed to "Platinum Industries Limited" pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the Company held on March 31, 2023 and a fresh Certificate of Incorporation dated June 02, 2023 has been issued by the RoC.
Products & Services
- Platinum Industries Limited is a multi-product company engaged in the business of manufacturing stabilizers. Its business segment includes PVC stabilizers, CPVC additives and lubricants.
Growth Strategy
- Expanding its production capacities and broadening the global footprint.
- Increase in market share.
- Modernization and Expansion of its facility in India.
- Continue to build its global customer base and enter new geographical markets.
- Continue to innovate new product categories, catering to wider end-applications.
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 13,761,225 equity shares of face value of Rs. 10 each ("Equity Shares") of Platinum Industries Limited ("Company or "Issuer") for cash at a price of Rs. 171 per equity share (including a share premium of Rs. 161 per equity share) ("Issue Price") aggregating up to Rs. 235.32 crores ("Issue"). The issue shall constitute 25.05% of the fully-diluted post-issue paid-up equity share capital of the company. The company, in consultation with the brlm, has allotted a pre-ipo placement of 910,700 equity shares by way of a private placement at an issue price of Rs. 157 per equity share (including a premium of Rs. 147 per equity share) for an aggregate consideration of Rs. 14.30 crores. Accordingly, the size of the issue has been reduced by 910,700 equity shares. The investors that have subscribed to the equity shares of the company pursuant to the pre-ipo placement have been informed that there is no guarantee that the issue may come through or the listing may happen and accordingly, the investment was done by the relevant investors solely at their own risk. The face value of equity shares is Rs. 10 each. The issue price is 17.1 times the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Consistent financial performance.
- R & D and Sustainability.
- Varied product portfolio catering to diversified industries.
- High entry barriers in the speciality chemical industry.
- Quality Products.
- The company is in the process of expanding its operations and establishing a network of distributors & customers in regions where the company does not have a significant presence or prior experience. Any failure to expand into these new regions could adversely affect its sales, financial condition, result of operations and cash flows.
- The company is dependent on a few customers for a major part of the revenues. Further its do not enter into long-term arrangements with the customers and any failure to continue the company existing arrangements could adversely affect its business and results of operations.
- If there are delays in setting up the Proposed Facilities or if the costs of setting up and the possible time or cost overruns related to the Proposed Facilities or the purchase of plant and machinery for the Proposed Facilities are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growth prospects.
- The Company is dependent on the demand from the industries where its products find application such as PVC pipes and tubes, PVC profiles, PVC fittings and electrical wires and cables. Any downturn in such industries could have an adverse impact on the Company's business and results of operations.
- Under-utilization of the manufacturing capacities and an inability to effectively utilize the company expanded manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.