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Open
27 Feb 2024
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Close
29 Feb 2024
3
Allotment
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Listing
Tue, Mar 5, 2024
Price Band
₹162 to ₹171
Issue Size
1,37,61,225 shares (agg. up to ₹235 Cr)
Lot Size
87 Shares
Listing Date
Tue, Mar 5, 2024
Latest GMP
₹87
Est. Gain
50.88%
✦ AI Insight
GMP Trend
05-03-2024₹87Est. ₹258+50.88%
04-03-2024₹87Est. ₹258+50.88%
03-03-2024₹85Est. ₹256+49.71%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 69.40x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 137.72 | 121.17 | 84.48 | 32.26 |
| Total Income | 123.73 | 232.56 | 189.24 | 89.53 |
| Profit After Tax | 22.84 | 37.58 | 17.75 | 4.82 |
| NET Worth | 85.04 | 61.88 | 22.34 | 4.47 |
| Reserves and Surplus | 44.86 | 21.80 | 21.28 | 3.53 |
| Total Borrowing | 11.46 | 17.43 | 24.24 | 3.26 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Accent Microcell Ltd. | SME | ₹78.40 Cr | ₹140 | 13.92 | ₹315.00 | +125.00% | ₹509.80 (-2.24%) |
| Deepak Chemtex Ltd. | SME | ₹23.04 Cr | ₹80 | 10.14 | ₹159.60 | +99.50% | ₹76.23 (-0.50%) |
| Saroja Pharma Industries India Ltd. | SME | ₹9.11 Cr | ₹84 | 23.25 | ₹68.25 | -18.75% | ₹29.95 (-4.47%) |
| Sudarshan Pharma Industries Ltd. | SME | ₹50.10 Cr | ₹73 | 24.33 | ₹69.35 | -5.00% | ₹40.31 (-3.15%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Platinum Stabilizers Egypt LLC for financing its capital expenditure requirements in relation to the setting up of the Proposed Facility 1 (Egypt) | 6.77 |
| 2 | Funding of capital expenditure requirements of our Company towards setting up of the Proposed Facility 2 (Palghar) | 7.13 |
| 3 | Funding working capital requirements of our Company | 3.00 |
| 4 | General corporate purposes | 4.28 |
About Platinum Industries IPO
Incorporated in August 2016, Platinum Industries Limited is a company that specializes in producing stabilizers. The company manufactures PVC stabilizers, CPVC additives and lubricants. The company's products are used in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc. The manufacturing facility of the company is situated in Palghar, Maharashtra, and spreads across 21,000 sq. ft. of land. The revenue from operations grew at a CAGR of 42.11% in six years, from ₹284.19M in 2018 to ₹2,340.56M in 2023. As of July 2023, the company has twelve distribution centres spread across India. . As of May 31st, 2023, the production unit has 71 employees and 17 workers.+ Read More
Contact Details
Platinum Industries Ltd. AddressUnit No.841, 4th Floor, Solitaire CorporatePark-8, Andheri Kurla RoadAndheri (East)Mumbai, Maharashtra, 400093+91 7304538055cs@platinumindustriesltd.comVisit Website