Platinum Industries Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Platinum Industr

CMP

189.90

-5.95 (-3.04%)

₹171

Offer Price

₹ 235.32 Cr

Issue Size

₹ 14,877

Min Investment

99.03x

Times Subscribed

87

Lot size

Time Line

  • 27
    Feb 2024
    Open
  • 29
    Feb 2024
    Close
  • 01
    Mar 2024
    Finalisation of Basis of Allotment
  • 04
    Mar 2024
    Initiation of Refunds
  • 04
    Mar 2024
    Transfer of Shares to Demat Account
  • 05
    Mar 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Expanding its production capacities and broadening the global footprint.

  • Increase in market share.

  • Modernization and Expansion of its facility in India.

  • Continue to build its global customer base and enter new geographical markets.

  • Continue to innovate new product categories, catering to wider end-applications.

Products & Services

  • Platinum Industries Limited is a multi-product company engaged in the business of manufacturing stabilizers. Its business segment includes PVC stabilizers, CPVC additives and lubricants.

Strengths

  • 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

  • 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.

Company Promoters

Promoters Holding

Issue For IPO
94.72%
Pre Holding

94.72%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 188.16 (110.80%) 231.48 (23.00%) 61.26 (-)
Gross Profit 188.16 (110.80%) 231.48 (23.00%) 61.26 (-)
Net Income 188.16 (110.80%) 231.48 (23.00%) 61.26 (-)
Assets 188.16 (110.80%) 231.48 (23.00%) 61.26 (-)
Liabilities 188.16 (110.80%) 231.48 (23.00%) 61.26 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Platinum Industries Ltd 231.48 37.91 93.97 32.09 61.26 9.42 15.37 3.01 0.23
Supreme Petrochem Ltd 5,287.20 498.14 2,731.02 2,731.02 27.01 26.49 98.06 18.23 0.00
Apcotex Industries Ltd 1,079.93 107.94 803.44 803.44 22.67 20.82 91.81 13.43 0.32

Book Running Managers

  • Unistone Capital Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

# 841 4th Flr Solitaire Corp,
Park 8 Andheri Kurla Rd Andh E,
Mumbai - 400093
Phone : +91 7304538055 Email : cs@platinumindustriesltd.com www.platinumindustriesltd.com

Offer Related Information

Initial public offer of up to 13,761,225 equity shares of face value of Rs. 10 each ("Equity Shares") of Platinum Industries Limited ("Company or "Issuer") for cash at a price of Rs. 171 per equity share (including a share premium of Rs. 161 per equity share) ("Issue Price") aggregating up to Rs. 235.32 crores ("Issue"). The issue shall constitute 25.05% of the fully-diluted post-issue paid-up equity share capital of the company. The company, in consultation with the brlm, has allotted a... More

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