IPO Platinum Industries Limited IPO

Platinum Industries Limited IPO

Platinum Industries Limited consists of a fresh issue of 1.59 crore shares. The company allocates funds internationally for PVC facilities, working capital, and general corporate purposes.

Platinum Industries IPO – Important Details

Platinum Industries Limited IPO DateFebruary 27, 2024 to February 29, 2024
Platinum Industries Limited IPO Listing DateMarch 5, 2024
Platinum Industries Limited IPO PriceINR 162 to 171 per share
Platinum Industries Limited IPO Lot Size87 Shares
Platinum Industries Limited IPO Total Issue SizeINR 235.32 Cr
Platinum Industries Limited IPO Basis of AllotmentMarch 1, 2024
Platinum Industries Limited IPO Initiation of RefundsMarch 4, 2024
Platinum Industries Limited IPO Credit of Shares to DematMarch 4, 2024
Platinum Industries Limited IPO Issue TypeBook Built Issue IPO
Platinum Industries Limited IPO Listing AtBSE, NSE

Platinum Industries Ltd IPO – Company Profile

Platinum Industries excels in multi-product manufacturing, specializing in PVC and CPVC stabilizers and lubricants. Their specialty chemicals serve various applications, including PVC pipes, electrical wires, and packaging materials, contributing to industry advancements. 

They offer customized solutions and trading in commodity chemicals. Their ISO-certified manufacturing facility in Palghar, Maharashtra, strategically located near JNPT Port, facilitates global exports. With a dedicated R&D facility, innovation drives sustained product excellence. 

They consistently broaden their product portfolios for diverse applications. Prioritizing product quality and leveraging a strong distributor network, their established brand image facilitates successful entry into new product categories. 

Platinum Industries Ltd IPO – Fundamental Analysis

Platinum Industries exhibits robust growth in revenue and profits, substantial equity expansion, and strong financial management ahead of its IPO. Despite a decline in RoNW, its improved debt profile and liquidity ratios signal a promising investment opportunity with potential for growth.

Revenue Growth:

The company has consistently increased revenue, from ₹892.69 lakhs in 2021 to ₹2,314.81 lakhs in 2023. This demonstrates an expanding market