The Platinum Industries IPO date has been confirmed from 27 February 2024 to 29 February 2024. Read the post to learn about Platinum Industries IPO GMP.
Platinum Industries IPO is offering an IPO valued at ₹235.32 crores via the book- structure procedure. The revised offer comprises a new offer of 1.38 crore shares in total. The original public immolation (IPO) of Platinum Industries is open to investors from February 27 to February 29, 2024. On Friday, March 1, 2024, the Platinum Industries IPO allocation procedure is anticipated to come to an end. Platinum Industries’ original public immolation (IPO) is listed to be on Tuesday, March 5, 2024, on the BSE and NSE.
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Key Details Of Platinum Industries IPO:
Bidding Dates
February 27 – 29
Price Range
₹162 to ₹171 per share
Face Value
₹10 per share
GMP
₹87
Platinum Industries GMP
Platinum Industries’ IPO GMP Today is ₹87.
Platinum Industries IPO Overview
At a price per share ranging from ₹ 162 to ₹ 171, investors can buy shares ₹ 14, 877 in Platinum Industries’ first public immolation. Platinum Industries’ IPO GMP Today is ₹ 87. In any operation, 87 shares are demanded at minimum. A minimal investment of ₹ 14,877 is needed for retail investors.
Investors are needed to commit to a minimum lot size of 14 lots, which translates to 1,218 shares, valued at ₹ 208,278, to share in sNII. The minimum lot size needed for bNII is 68 lots, or 5,916 shares, priced at ₹1,011,636.
Platinum Industries IPO Details
| IPO Date | 27 February 2024 to 29 February 2024 |
| Listing Date | March 5, 2024 |
| Face Value | ₹10 per share |
| Price | ₹162 to ₹171 |
| Lot Size | 87 share |
| Total Issue Size | ₹216.05 Crores |
| Fresh Issue | ₹216.05 Crores |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 41,163,648 |
| Share Holding Post Issue | 54,924,873 |
Platinum Industries IPO Financial Performance
| Period Ended | 2023 | 2022 | 2021 |
| Revenue | ₹232.56 | ₹189.24 | ₹89.53 |
| Profit After Tax | ₹37.91 | ₹17.75 | ₹4.82 |
| Expense | ₹181.62 | ₹165.28 | ₹82.84 |
| Amount in ₹ Crore | |||
Platinum Industries IPO Dates & Listing Performance
| IPO Open Date | Tuesday, February 27, 2024 |
| IPO Close Date | Thursday 29, 2024 |
| Basis of Allotment | March 1, 2024 |
| Initiation of Refunds | March 4, 2024 |
| Credit of Shares to Demat | March 4, 2024 |
| Listing Date | March 5, 2024 |
| Cut-off time for UPI mandate confirmation | February 29, 2024 at 5pm |
Platinum Industries IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 87 | ₹14,877 |
| Retail Maximum | 13 | 1,131 | ₹193,401 |
| S-HNI Minimum | 14 | 1,218 | ₹208,278 |
| B-HNI Minimum | 68 | 5,916 | ₹10,11,636 |
Company Profile
The main asset in which Platinum diligence works is the manufacture of stabilizers. Among their immolations are PVC stabilizers, CPVC complements, and lubricants. They work within the niche of specialty chemicals. Packaging inventories, rigid PVC froth boards, SPC bottom penstocks, electrical cables, fittings, and PVC pipes are just a many of the diligence that Platinum diligence serves. The Indian specialized chemicals request was estimated to be worth $ 29 billion in 2020, or around 26% of the total chemicals request (medicinals barred). Throughout the course of the financial times 2015 – 20, the assiduity grew at a composite periodic growth rate (CAGR) of 6.7, propelled by rising import volumes and rising domestic demand from a range of end- stoner sectors.
Still, due to a downturn in profitable exertion and a drop in end- stoner assiduity demand, the assiduity suffered a 3.4 periodic decline in financial 2021. The assiduity rebounded and was estimated to be valued $33.5 billion in the 2022 financial year. For the Platinum diligence IPO, Big share Services Pvt Ltd will act as the register, and Uni stone Capital Pvt Ltd will handle book running lead operation.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91 22 6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Platinum Industries Limited |
| Phone number | +91 73045 38055 |
| Email ID | [email protected] |
| Website | platinumindustriesltd.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Platinum Industries IPO FAQs
When Platinum Industries IPO will open?
The initial public offering (IPO) for QIB, NII, and Retail investors will take place on February 27, 2024.
What is Platinum Industries IPO Size?
The size of Platinum Industries IPO is ₹216.05 crores.
When is Platinum Industries IPO Listing Date?
Platinum Industries IPO listing date is March 5, 2024. The IPO is scheduled to be listed on both the BSE and NSE.
When is Platinum Industries IPO Allotment Date?
The Platinum Industries IPO allotment date is March 1, 2024.
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