| 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.
| 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 |
| 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 |
| 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. |
| Registered Office | Platinum Industries Limited Unit No. 841, 4th Floor, Solitaire Corporate Park-8, Andheri Kurla Road Andheri (E), Mumbai –400093 |
| Phone | +91 7304538055 |
| cs@platinumindustriesltd.com | |
| Website | https://platinumindustriesltd.com/ |
| Platinum Industries IPO DRHP |
| Platinum Industries IPO RHP |
| Name | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
| 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 |
| Share Holding Pre Issue (Promoters) | 94.73% |
| Share Holding Post Issue (Promoters) | 71.00% |