Ipo Guruz

Platinum Industries Limited IPO

Price
₹162 - ₹171

Lot
87

Subs.
98.99

Expected Listing Earning

Exp. Premium(GMP):

90.00(52.63%)

IPO Details

Open Date:	27-Feb-2024
Close Date:	29-Feb-2024
Allotment Date:	01-Mar-2024
Listing Date:	05-Mar-2024
Listing Price:	N/A
Face Value:	₹10 Per Equity Share
Issue Price:	₹162-171 Per Equity Share
Issue Size:	Total Issue Size 13,761,225 shares (aggregating up to ₹235.32 Cr) : Fresh Issue 13,761,225 shares (aggregating up to ₹235.32 Cr)
Market Lot (Min Amount):	Retail - ₹14,877 : S-HNI - ₹208,278 : B-HNI - ₹1,011,636

Subscription Details Updated at End of the Day

As on	QIB	Nll	Rll	Total
Shares Offered/Reserved	2,752,375	2,064,184	4,816,429	9,632,988
Day 1 - 27-27-24 05:00 PM	0.07x	13.68x	10.47x	8.19x
Day 2 - 28-02-24 05:00 PM	0.90x	42.97x	25.76x	22.35x
Day 3 - 29-02-24 05:00 PM	151.00x	141.79x	50.92x	98.99x
Total No. of Application:	3,305,533 (Approx.)
Retail Subscription on the basis of Apps:	59.71x

Valuations

Earning Per Share(EPS)	₹9.42/-
P/E Ratio	18.73
RoNW	61.26%
Net Asset Value (NAV) - Post Issue:	₹15.37/-

Company Financials (in Crore)

	Total Assets	Total Revenue	Profit After Tax
31 Sep,2023	137.72	123.73	22.84
31 Mar,2023	121.17	232.56	37.58
31 Mar,2022	84.48	189.24	17.75
31 Mar,2021	32.26	89.53	4.82

Promoter(s)

Pre Issue Share Holding	94.74%
Post Issue Share Holding	N/A%

Company Promoter(s)

1. Krishna Dushyant Rana
2. Parul Krishna Rana

Issue Objective(s)

The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:

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 our Company; and

General corporate purposes.

About Company

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.

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As of May 31st, 2023, the production unit has 71 employees and 17 workers.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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