IPO Details
Bidding Dates
27 Feb 24 - 29 Feb 24
Price Range ₹
162 - 171
Total Equity
₹ 235.32Cr
Lot Size
87
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
50.99×
Qualified Institutional Buyers
151.00×
Employees
0.00×
Retail Investors
50.99×
Total subscription Rate
99.03×
IPO Timeline
Offer start
27 Feb 2024
Offer end
29 Feb 2024
Allotment
01 Mar 2024
Refund initiation
04 Mar 2024
Demat transfer
04 Mar 2024
Listing
05 Mar 2024
Offer start
27 Feb 2024
Offer end
29 Feb 2024
Allotment
01 Mar 2024
Refund initiation
04 Mar 2024
Demat transfer
04 Mar 2024
Listing
05 Mar 2024
About Company
Platinum Industries Limited, established in August 2016, specializes in the production of stabilizers, manufacturing PVC stabilizers, CPVC additives, and lubricants. Its diverse product range caters to various industries including PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, and packaging materials. The company's manufacturing facility, located in Palghar, Maharashtra, spans across 21,000 sq. ft. of land. Over the span of six years, from 2018 to 2023, the company has experienced substantial growth, with revenue from operations increasing at a Compound Annual Growth Rate (CAGR) of 42.11%, reaching ₹2,340.56M in 2023 from ₹284.19M in 2018. Additionally, as of July 2023, Platinum Industries Limited operates twelve distribution centers spread across India. The production unit, as of May 31st, 2023, is supported by a workforce of 71 employees and 17 workers, facilitating the company's continued expansion and success in the market.
Year Founded
19-08-2016
Promotor Details
Krishna Dushyant Rana
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 94.74 | 70.99 |
| Share Capital | 38994830 | 38994830 |
Offer to Public
1,37,61,225.00 Cr
Highlights
- Platinum Industries Limited specializes in producing stabilizers for PVC and CPVC applications, allowing the company to focus on meeting the specific needs of its target markets and establishing itself as an expert in this niche segment.
- The company's stabilizers and additives find applications in various industries such as PVC pipes, electrical wires and cables, SPC floor tiles, and packaging materials, enabling it to cater to a broad customer base and diversify its revenue streams.
- Platinum Industries has achieved impressive revenue growth, with operations revenue increasing at a compound annual growth rate (CAGR) of 42.11% over six years. This indicates strong demand for its products and effective market penetration strategies.
- Situated in Palghar, Maharashtra, the company's manufacturing facility enjoys access to key industrial areas and transportation networks, facilitating efficient production processes, supply chain management, and distribution.
- Platinum Industries may face risks related to supply chain disruptions, including shortages of raw materials, transportation delays, or quality control issues, which could impact production schedules and customer satisfaction.
Challenges
- As a company specializing in stabilizers for PVC and CPVC applications, Platinum Industries may face risks associated with fluctuations in demand within the industries it serves, particularly in times of economic downturns or changes in consumer preferences.
- The stabilizer manufacturing industry may be competitive, with the presence of established players and potential new entrants. Intense competition could put pressure on pricing and margins, impacting profitability.
- The company may need to comply with various regulatory standards and environmental regulations governing the manufacturing and use of stabilizers and additives, which could entail additional costs and administrative burdens.
- Managing a production unit with a mix of employees and workers may pose challenges related to workforce management, training, safety compliance, and maintaining productivity levels.
- With twelve distribution centers spread across India as of July 2023, Platinum Industries has established a robust distribution network, enabling it to reach customers effectively and efficiently across different regions.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 843.32 | 10.53 | 375.84 | 379.05 | 9.4167 |
| 2023 | 1,205.78 | 402.53 | 435.02 | 437.29 | 7.9616 |
| 2021 | 322.56 | 10.53 | 435.02 | 437.29 | 7.9616 |
| 2024 | 3,940.65 | 549.25 | 177.48 | 177.48 | 4.3217 |
