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    Platinum Industries Ltd

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    Platinum Industries Ltd IPO opened on 27 Feb 2024 and closed on 29 Feb 2024, with a price band of ₹162–₹171 per share. The IPO had a lot size of 87 shares, requiring a minimum investment of ₹14,877 per lot at the upper price band. The issue size was ₹235.32 crore, and the shares get listed on 05 Mar 2024.

    Platinum Industries Ltd IPO Details

    Listing Date

    05 Mar 2024

    Bid Price

    ₹162 - ₹171

    Lot Size

    87 Shares

    Minimum Investment

    ₹14,877 / Lot

    Issue Size

    ₹235.32 Cr

    Key Dates to Track

        Here are the important dates you need to know in order to participate in this IPO

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    Offer Start Date

    27th Feb

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    Offer End Date

    29th Feb

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    Allotment Date

    1st Mar

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    Refund Initiation

    4th Mar

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    Demat Transfer

    4th Mar

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    Listing Date

    5th Mar

    Platinum Industries Ltd Shareholding Pattern

      Pre-Issue Post-Issue
    Promoter Group 94.72% 0%
    Public Group 5.28% 0%

    Platinum Industries Ltd IPO Reservation

    QIB Shares Offered 27,52,245 (20%)
    NII (HNI) Shares Offered 20,64,184 (15%)
    Retail Shares Offered 48,16,428 (35%)
    Anchor Investor Shares Offered 41,28,368 (30%)
    Total Shares Offered 1,37,61,225
    Total Shares With Anchor Investor 1,37,61,225

    Platinum Industries Ltd IPO Lot Size

    Application Lots Shares Amount
    Retail (Min) 1 87 ₹14,877
    Retail (Max) 13 1,131 ₹1,93,401
    S HNI (Min) 14 1,218 ₹2,08,278
    S HNI (Max) 67 5,829 ₹9,96,759
    B HNI (MIN) 68 5,916 ₹10,11,636

    Platinum Industries Ltd IPO registrar

    Bigshare Services Pvt Ltd
    Phone Number 022-62638200
    Email Id ipo@bigshareonline.com
    Website www.bigshareonline.com

    Platinum Industries Ltd IPO Lead Manager

    1. Unistone Capital Pvt Ltd

    Platinum Industries Ltd Financial Information

    March 31, 2024 March 31, 2023 March 31, 2022
    Net Worth ₹331.14 Cr ₹61.88 Cr ₹22.34 Cr
    Reserves and Surplus ₹276.21 Cr ₹21.63 Cr ₹21.28 Cr
    Total Borrowing ₹7.47 Cr ₹17.43 Cr ₹24.24 Cr

    Strength of Platinum Industries Ltd

    • Consistent financial performance.
    • R & D and Sustainability.
    • Varied product portfolio catering to diversified industries.
    • High entry barriers in the speciality chemical industry.
    • Quality Products.

    Risks Involved

    • The company is in the process of expanding its operations and establishing a network of distributors & customers in regions where the company does not have a significant presence or prior experience. Any failure to expand into these new regions could adversely affect its sales, financial condition, result of operations and cash flows.
    • The company is dependent on a few customers for a major part of the revenues. Further its do not enter into long-term arrangements with the customers and any failure to continue the company existing arrangements could adversely affect its business and results of operations.
    • If there are delays in setting up the Proposed Facilities or if the costs of setting up and the possible time or cost overruns related to the Proposed Facilities or the purchase of plant and machinery for the Proposed Facilities are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growth prospects.
    • The Company is dependent on the demand from the industries where its products find application such as PVC pipes and tubes, PVC profiles, PVC fittings and electrical wires and cables. Any downturn in such industries could have an adverse impact on the Company's business and results of operations.
    • Under-utilization of the manufacturing capacities and an inability to effectively utilize the company expanded manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.
    • The company does not have long-term agreements with the suppliers for raw materials and an inability to procure the desired quality, quantity of the company raw materials in a timely manner and at reasonable costs, or at all, may have a negative impact on its business, results of operations, financial condition and cash flows.
    • The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements. The company is yet to place orders for such capital expenditure machinery.
    • Its inability to meet the preferences or consistent quality requirements of the customers or its inability to accurately predict and successfully adapt to changes in market demand could reduce demand for the company products and harm the company sales.
    • A significant portion of the company domestic sales are derived from the western zone and any adverse developments in this market could adversely affect its business.
    • The company operates out of a single Manufacturing Facility which is located at Palghar, Maharashtra and therefore, any localized social unrest, natural disaster or breakdown of services or any other natural disaster in and around Palghar, Maharashtra or any disruption in production at, or shutdown of, the company manufacturing unit could have material adverse effect on its business and financial condition.

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    Frequently Asked Questions

    What is Platinum Industries Ltd IPO?

    Platinum Industries Ltd IPO is a Mainboard IPO of 1,37,61,225 equity shares of a face value of ₹10 aggregating up to ₹235.32 Crores. The issue is priced at ₹162 to ₹171 per share. The minimum order quantity is 87 Shares. The IPO opens on February 27, 2024, and closes on February 29, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

    When Platinum Industries Ltd IPO will open?

    The Platinum Industries Ltd IPO opens on February 27, 2024 and closes on February 29, 2024.

    What is the lot size of Platinum Industries Ltd?

    Platinum Industries Ltd lot size is 87 shares, and the minimum amount required is ₹14,877.

    How to apply for Platinum Industries Ltd IPO?

    You can apply in Platinum Industries Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

    • Login to Bajaj Broking account App/Website & click on IPO
    • Enter the number of lots and price at which you wish to apply.
    • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
    • You will receive a mandate notification to block funds in your UPI app.
    • Approve the mandate request on your UPI and funds will be blocked.

    When is Platinum Industries Ltd IPO allotment?

    The finalization of Basis of Allotment for Platinum Industries Ltd IPO will be done on March 01, 2024, and the allotted shares will be credited to your demat account by March 04, 2024.

    When is Platinum Industries Ltd IPO listing date?

    The Platinum Industries Ltd listing date is March 05, 2024.

    Who is the registrar of Platinum Industries Ltd IPO?

    The registrar of Platinum Industries Ltd IPO is Bigshare Services Pvt Ltd

    Which company is the book-running lead manager of the IPO?

    Unistone Capital Pvt Ltd will be the book-running lead manager of this IPO.

    What is the fresh issue of Platinum Industries Ltd IPO?

    The fresh issue size is ₹235.32 Crores equity shares.

    What minimum lot size can retail subscribers subscribe to Platinum Industries Ltd?

    Retail investors can subscribe to a minimum of one lot, 87 shares and ₹14,877 amount.

    How can I approve the UPI mandate request for Platinum Industries Ltd IPO?

    To apply for Platinum Industries Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

    What is the price range of Platinum Industries Ltd?

    The price of each Platinum Industries Ltd share will be ranging in between ₹162 to ₹171 per share.

    What is the cut-off time for the UPI mandate for Platinum Industries Ltd IPO?

    The cut-off time for the UPI mandate confirmation is 5:00 PM, February 29, 2024.

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