Platinum Industries' IPO features 1.59 crore fresh shares. Funds aim at international PVC facilities, working capital, and general corporate needs.
Date: Feb 27 to Feb 29, 2024 Listing Date: Mar 05, 2024 Price: INR 162 to 171 per share Lot Size: 87 Shares Total Issue Size: INR 235.32 Cr
Platinum Industries' IPO highlights revenue, profit growth, and financial strength. Despite a RoNW dip, improved debt and liquidity ratios make it a promising investment.
Platinum Industries Limited's IPO seeks funds for international PVC facilities, working capital, and corporate purposes. A growth opportunity in a thriving sector.
Platinum Industries allocates INR 67.721 crores for Facility 1 in Egypt, INR 71.261 crores for Facility 2 in Palghar, INR 30 crores for working capital, and the rest for general purposes.
Platinum Industries faces risks in expanding into new regions, potential delays or cost overruns in proposed facilities, and efficient capacity utilization.
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