Issue Price
₹171
Per Share
GMP
NIL
Grey Market
Est. Listing
₹171
Expected Price
Min. Application
₹29,754
2 lots × 87 shares
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.
Platinum Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 13,761,225 | 100.00% | ₹235.32 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,877 |
| Retail (Max) | 13 | 1,131 | ₹193,401 |
| sNII (Min) | 14 | 1,218 | ₹208,278 |
| bNII (Min) | 68 | 5,916 | ₹1,011,636 |
| Particulars | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 123.73 | 232.56 | 189.24 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 22.84 | 37.58 | 17.75 |
| Net Worth | 85.04 | 61.88 | 22.34 |
| Total Assets | 137.72 | 121.17 | 84.48 |
| Reserves & Surplus | 44.86 | 21.80 | 21.28 |
| Total Borrowings | 11.46 | 17.43 | 24.24 |