PLATINUM INDUSTRIES LIMITED

27 Feb 2024 - 29 Feb 2024 Individual Category NSE

Min Investment

₹14877

Price Band

₹162-₹171

Issue Size

96.33 lakhs
Equity Shares

Lot Size

87 (per lot)

IPO Dates
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27 Feb 2024

Open Date

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29 Feb 2024

Close Date

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01 Mar 2024

Allotment Date

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05 Mar 2024

Listing Date

Platinum Industries Limited is coming up with its Initial Public Offering. This IPO is open for subscription from Tuesday, February 27, 2024 and will close on Thursday, February 29, 2024. The price band is decided at Rs 162 to Rs 171 per share. The minimum lot size of this application for the retail category is 87 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 1,218 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 5,916 shares. The minimum amount of investment required for retail category investors is Rs 14,877 (171 x 87 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,08,278 ( 171 x 1,218 shares); for big non-institutional investors, it is Rs 10,11,636 (171 x 5,916 shares). Platinum Industries Limited IPO is a book-built issue of Rs 235.32 crores. This IPO issue is completely a fresh issue of Rs 1.38 crore equity shares.  The allotment for this IPO is expected to be finalized on Friday, March 1, 2024. Platinum Industries Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Tuesday, March 5, 2024. The book running lead manager of Platinum Industries Limited is Unistone Capital Private Limited. The registrar for this IPO is Bigshare Services Private Limited.

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About Platinum Industries Limited

Platinum Industries Limited incorporated in August 2016, it is engaged in the business of manufacturing PVC stabilizers, CPVC additives and lubricants. Products produced by the company are used in PVC pipes, PVC profiles, PVC settings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials etc. The indian’s speciality chemicals industry, accounting for 26% of the overall chemical industry, was worth $29 billion in fiscal 2020. Company provides customized services and solutions directly to their customers and also through their network of distributors. The manufacturing facility of the company is situated in Palghar, Maharashtra and spread across 21,000 sq. feet of land. As of May 31st  2023, the production unit has 71 employees and 17 workers.

Founded

2016

Managing Director

Krishna Dushyant Rana

Parent Organization

IPO Objectives

The funds raised from the IPO will be utilized in Investment in the subsidiary, Platinum Stabilizers Egypt LLC and for financing its capital expenditure requirements for setting up a manufacturing facility for PVC stabilizers at special economic zones. Moreover, the net proceeds from the issue will also help to fund the working capital requirements and general corporate purposes will also be fulfilled.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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