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Seshaasai Technologies Ltd IPO
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Platinum Industries Ltd

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 Crores

Schedule

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

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Bidding starts

27th Feb

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Bidding ends

29th Feb

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Allotment of shares

1st Mar

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Initiation of refund

4th Mar

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Credit of shares to Demat account

4th Mar

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Listing date

5th Mar

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

Platinum Industries Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid Subscription (Times)
Qualified Institutional Buyers (QIBs) 27,52,375 41,56,16,400 151
Non Institutional Investors (NIIs) 20,64,184 29,27,54,565 141.83
Retail Individual Investors (RIIs) 48,16,429 24,55,89,081 50.99
Total 96,32,988 95,39,60,046 99.03

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?

Answer Field

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?

Answer Field

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?

Answer Field

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

How to apply for Platinum Industries Ltd IPO?

Answer Field

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?

Answer Field

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?

Answer Field

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

Who is the registrar of Platinum Industries Ltd IPO?

Answer Field

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

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

Answer Field

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

What is the fresh issue of Platinum Industries Ltd IPO?

Answer Field

The fresh issue size is ₹235.32 Crores equity shares.

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

Answer Field

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?

Answer Field

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?

Answer Field

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?

Answer Field

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

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