247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Platinum Industries Limited IPO (Platinum Industries IPO) Details

Platinum Industries Limited is an Chemical based company, located in Mumbai, Platinum Industries Limited IPO size was 235.32 Cr. and was issued at 171.00 per share. The share of Platinum Industries Limited were listed at 220.90 per share and are currently trading at 385.90 per share.

Type :
Sub Sector : PVC Stabilizers And Lubricants With Multi-products
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
247.46 Cr.

PAT :
45.68 Cr.

Pricing Report

Issue Price :
171.00

Listing Price :
220.90

Current Market Price :
385.90

Issue Price vs CMP :
214.9 (125.67%)

listing Price vs CMP :
165 (74.69%)

Performance Report (CAGR* wise)

CAGR : 151.58
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Platinum Industries

Company Information
Platinum Industries Limited is a multi-product manufacturer engaged in the business of producing stabilizers, with a focus on PVC stabilizers, CPVC additives, and lubricants. Operating in the specialty chemicals industry, its products are used in various applications such as PVC pipes, profiles, fittings, electrical wires and cables, SPC floor tiles, rigid PVC foam boards, and packaging materials. The Indian specialty chemicals industry, valued at $29 billion in fiscal 2020, accounts for approximately 26% of the overall chemicals industry (excluding pharmaceuticals), and it has seen steady growth, with a projected reach of $51 billion by fiscal 2026, growing at an 11.1% CAGR. The company is the third-largest player in the PVC stabilizer market, holding an 8.00% market share in 2021-22 (Source: CRISIL Report). It has
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Object of 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 their Company and
  • General Corporate Purposes

Platinum Industries MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Mar, 2024
IPO Size :
235.32 Cr.
Market Cap :
939.22 Cr.   
IPO Subscription :
98.99 X     
PE Multiple :
0.00
IPO Registrar:
Bigshare Services Private Limited

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FAQs

Platinum Industries operates in Chemical and PVC Stabilizers And Lubricants With Multi-products. The Issue is listed on MainBoard in Mar, 2024. Platinum Industries IPO size was 235.32 Cr. with Issue price of 171.00 .

Merchant Banker(s) of Platinum Industries IPO: Unistone Capital Private Limited

Platinum Industries IPO subscription was 98.99 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Platinum Industries IPO listed at a listing price of 220.90 against the offer price of 171.00.

The current market price of Platinum Industries is 385.90.

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