Platinum Industries Limited IPO

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

Platinum Industries Limited Financial Information (Restated Consolidated)

Platinum Industries Limited’s revenue increased by 22.89% and profit after tax (PAT) rose by 111.76% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets137.72121.1784.4832.26
Revenue123.73232.56189.2489.53
Profit After Tax22.8437.5817.754.82
Net Worth85.0461.8822.344.47
Reserves and Surplus44.8621.8021.283.53
Total Borrowing11.4617.4324.243.26
Amount in ₹ Crore

Objects of the Issue (Platinum Industries IPO Objectives)

The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
  1. 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’
  2. Funding of capital expenditure requirements of the company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India
  3. Funding working capital requirements of our Company; and
  4. General corporate purposes.

Platinum Industries IPO Timeline (Tentative Schedule)

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

IPO Open DateTuesday, February 27, 2024
IPO Close DateThursday, February 29, 2024
Basis of AllotmentFriday, March 1, 2024
Initiation of RefundsMonday, March 4, 2024
Credit of Shares to DematMonday, March 4, 2024
Listing DateTuesday, March 5, 2024
Cut-off time for UPI mandate confirmation5 PM on February 29, 2024

SHARIAH SCREENING for - Platinum Industries Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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