Platinum Industries Limited

Company Profile
Company Name Platinum Industries Limited
Open Date 27-02-2024
Close Date 29-02-2024
Exchange BSE, NSE
Lot Size 87 Shares
Issue Price ₹162 to ₹171 per share
Issue Size 1,37,61,225
Application Amount ₹14,877
Recommendation Apply

Platinum Industries Limited was originally incorporated in the year 2016 and has its registered office in Mumbai, Maharashtra, India. Platinum Industries is a multi-product company engaged in the business of manufacturing stabilizers. Company operates in the speciality chemicals industry. Company’s products find their application in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc. As of December 31st, 2023, the Company had 97 employees on its payroll.

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Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Sept-23
Total Assets 32.26 84.48 121.17 137.72
Net Assets 4.47 22.34 71.56 94.49
Total Borrowings 3.26 24.24 17.42 11.45
Total Revenue 89.53 189.24 232.56 123.73
Profit After Tax 4.82 17.75 37.58 22.83

Tentative Timeline

Opening Date 27/02/2024
Closing Date 29-02-2024
Basis of Allotment 01-03-2024
Initiation of Refunds 04-03-2024
Credit of Shares to Demat 04-03-2024
Listing Date 05-03-2024

Objects of the Issue

Investment in the subsidiary, Platinum Stabilizers Egypt LLC ("PSEL"), for financing its capital expenditure requirements about the setting up of a manufacturing facility for PVC Stabilizers at SC Zone 'Governorate of Suez Egypt'.
Funding of capital expenditure requirements of the company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India.
Funding working capital requirements of the Company.
General corporate purposes.

Contact Information

Registered Office Platinum Industries Limited Unit No. 841, 4th Floor, Solitaire Corporate Park-8, Andheri Kurla Road Andheri (E), Mumbai –400093
Phone +91 7304538055

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 94.73%
Share Holding Post Issue (Promoters) 71.00%

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