Platinum Industries IPO bidding start date is 27 Feb 2024 and closing date is 29 Feb 2024. you can start bidding from 27 Feb 10AM till 29 Feb 5PM. Please do remember the cutoff time for upi mandate, After 5PM on ipo closing day no upi mandate request will be accepted. Exicom Tele Systems IPO price band is ₹162 to ₹172 per share.
Platinum Industries is a standout name in the world of stabilizer manufacturing, crafting top-notch PVC stabilizers, CPVC additives, and lubricants. These essential components play vital roles in various everyday items like PVC pipes, electrical cables, and even SPC floor tiles.
Platinum Industries valued at $29 billion in fiscal 2020, it has been on a steady rise. With a notable 6.7% annual growth rate during fiscal year 2015-20, they’ve been the go to for quality in an industry driven by growing local demand and expanding global exports.
While facing a slight bump in the road in fiscal 2021, seeing a 3.4% industry-wide decline due to economic challenges, Platinum Industries has come back stronger than ever in fiscal 2022, now estimated at a whopping $33.5 billion. This resurgence speaks volumes about their dedication to providing tailor-made solutions directly to customers and through a reliable network of distributors.
But their commitment doesn’t stop there. Platinum Industries also delves into trading crucial commodity chemicals such as titanium dioxide and PVC/CPVC resin, making waves not just in local markets but on the global stage as well.
Platinum Industries Known for their unwavering focus on quality and the trust they’ve built with their distributor network, Platinum Industries is a name you can count on. Always pushing the boundaries, they’re constantly expanding their product lineup to serve a wide range of needs.
Platinum Industries Peer Group
- Supreme Petrochem Ltd.
- Apcotex Industries Ltd.
Platinum Industries IPO Details, Date, Size, Price Band
| IPO Opening Date | 27 Feb 2024 |
| IPO Closing Date | 29Feb 2024 |
| Listing Date | 5 Mar 2024 |
| Face Value | ₹10 Per Share |
| IPO Size | Aprox ₹235.32 Crore |
| Fresh Issue | Aprox ₹235.32 Crore |
| Price Band | ₹162 to ₹171 Per Share |
| Offer for Sale: | Aprox NIL |
| Minimum Bid | 87 Shares |
| Employee Discount | N/A |
| Issue Type | Book Built Issue Type IPO |
| Retail Quota Allocation | 35 % of net offer Issue |
| NII Quota Allocation | 15 % of net offer Issue |
| QIB Quota Allocation | 50 % of net offer Issue |
| IPO Listing on | NSE, BSE |
Platinum Industries IPO Financials
Talking about financials of Platinum Industries, it is a profitable company since last three years with amount of ₹37.58 Crore profit after taxes (PAT) in year 2023.
| Dates | Revenue | Expense | PAT |
| 2021 | ₹89.53 Cr | ₹82.84 Cr | ₹ 4.82 Cr |
| 2022 | ₹189.24 Cr | ₹165.28Cr | ₹ 17.75 Cr |
| 2023 | ₹232.56 Cr | ₹181.62 Cr | ₹ 37.58 Cr |
| Sep 2023 | ₹123.73 Cr | ₹93.49 Cr | ₹ 23.84 Cr |
Platinum Industries IPO Important Dates
Platinum Industries IPO bidding will start from 27 Feb 2024 and closing date is 29 Feb 2024. you can start bid For ipo from 27 Feb to 29 Feb till 5PM. The IPO Finalization Date is 1 Mar 2024 and it will be listed on 5 Mar 2024.
| Anchor Investors Allotment | 26 Feb 2024 |
| IPO Open Date | 27 Feb 2024 |
| IPO Close Date | 29 Feb 2024 |
| Basis of Allotment | 1 Mar 2024 |
| Refund Initiation | 4 Mar 2024 |
| Share Credit to Account | 4 Mar 2024 |
| Listing Date | 5 Mar 2024 |
Platinum Industries IPO Lot Size Details
Platinum Industries IPO Retail investor can apply for minimum Lot of 87 shares with amount of ₹14,877 and Retail Investor can apply maximum up to 13 Lots of 1131 shares with price amount ₹193,401.
| Application | Lots | Shares | Amount |
| Retail Quota (Min) | 1 | 87 | ₹14,877 |
| Retail Quota (Max) | 13 | 1131 | ₹193,401 |
| S-HNI Quota (Min) | 14 | 1281 | ₹208,278 |
| B-HNI Quota (Min) | 68 | 5916 | ₹10,11,636 |
Platinum Industries IPO GMP Check
Check Platinum Industries IPO GMP Click Here
Platinum Industries IPO Promoters
- Krishna Dushyant Rana
- Parul Krishna Rana
Platinum Industries IPO Prospectus
| Platinum Industries IPO RHP & DRHP Download Link | |
| Platinum Industries IPO DHRP | Download |
| Platinum Industries IPO RHP | Download |
Platinum Industries Company Contact Information
Platinum Industries Limited
Unit No. 841, 4th Floor, Solitaire Corporate
Park-8, Andheri Kurla Road
Andheri (E), Mumbai – 400093
Phone: +91 7304538055
Email: [email protected]
Website: https://platinumindustriesltd.com/
Platinum Industries IPO Registarar Information
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Platinum Industries IPO FAQs
What is Platinum Industries IPO Price Band ?
Platinum Industries price Band is ₹162 to ₹171 Per Share.
What is Platinum Industries IPO Size ?
Platinum Industries IPO size is ₹235.32 Crore.
What is Platinum Industries IPO Start Date ?
Platinum Industries IPO start date is 27 Feb 2024 .
What is Platinum Industries IPO End Date ?
Platinum Industries IPO end Date is 29 Feb 2024.
What is Platinum Industries IPO Allotment Date ?
Platinum Industries IPO Allotment Date is 01 Mar 2024.
What is Platinum Industries IPO Listing Date ?
Platinum Industries IPO listing date is 05 Mar 2024. it will be listed on NSE, BSE
What is Platinum Industries IPO Minimum Retail Share to Apply ?
Platinum Industries IPO Minimum Retail Share to apply is 87 Shares.
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