Platinum Industries IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 27 to Feb 29, 2024
Price Band
₹162-171
Current GMP
₹224 (31.58%)
Subscription
98.99 times
IPO Details
| IPO Date | February 27, 2024 to February 29, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹162 to ₹171 per share |
| Lot Size | 87 Shares |
| Total Issue Size | 13,761,225 shares (aggregating up to ₹235.32 Cr) |
| Fresh Issue | 13,761,225 shares (aggregating up to ₹235.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 41,163,648 |
| Share holding post issue | 54,924,873 |
IPO Date
February 27, 2024 to February 29, 2024
Listing Date
Tuesday, March 5, 2024
Face Value
₹10 per share
Price Band
₹162 to ₹171 per share
Lot Size
87 Shares
Total Issue Size
13,761,225 shares (aggregating up to ₹235.32 Cr)
Fresh Issue
13,761,225 shares (aggregating up to ₹235.32 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
41,163,648
Share holding post issue
54,924,873
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 151.00 |
| Non-Institutional Buyers | 141.79 |
| bNII (bids above ₹10L) | 138.46 |
| sNII (bids below ₹10L) | 148.46 |
| Retail Investors | 50.92 |
| Total ** | 98.99 |
Anchor Investors
1
Qualified Institutions
151.00
Non-Institutional Buyers
141.79
bNII (bids above ₹10L)
138.46
sNII (bids below ₹10L)
148.46
Retail Investors
50.92
Total **
98.99
Day Wise Sub
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Feb 27, 2024 | 0.07 | 13.68 | 10.47 | 8.19 |
| Day 2 Feb 28, 2024 | 0.90 | 42.97 | 25.76 | 22.35 |
| Day 3 Feb 29, 2024 | 151.00 | 141.79 | 50.92 | 98.99 |
DayDay 1
Feb 27, 2024
QIB0.07
NII13.68
Retail10.47
Total8.19
DayDay 2
Feb 28, 2024
QIB0.90
NII42.97
Retail25.76
Total22.35
DayDay 3
Feb 29, 2024
QIB151.00
NII141.79
Retail50.92
Total98.99
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 05-03-2024 | 171.00 | 87 (50.88%) | 258 |
| 04-03-2024 | 171.00 | 87 (50.88%) | 258 |
| 03-03-2024 | 171.00 | 85 (49.71%) | 256 |
| 02-03-2024 | 171.00 | 85 (49.71%) | 256 |
| 01-03-2024 | 171.00 | 99 (57.89%) | 270 |
| 29-02-2024 | 171.00 | 88 (51.46%) | 259 |
| 28-02-2024 | 171.00 | 95 (55.56%) | 266 |
| 27-02-2024 | 171.00 | 98 (57.31%) | 269 |
| 26-02-2024 | 171.00 | 100 (58.48%) | 271 |
| 25-02-2024 | 171.00 | 90 (52.63%) | 261 |
| 24-02-2024 | 171.00 | 90 (52.63%) | 261 |
| 23-02-2024 | 171.00 | 90 (52.63%) | 261 |
| 22-02-2024 | 171.00 | 32 (18.71%) | 203 |
| 21-02-2024 | 157.00 | 0 (%) | 157 |
Date05-03-2024
Price171.00
GMP87 (50.88%)
Estimate List Price258
Date04-03-2024
Price171.00
GMP87 (50.88%)
Estimate List Price258
Date03-03-2024
Price171.00
GMP85 (49.71%)
Estimate List Price256
Date02-03-2024
Price171.00
GMP85 (49.71%)
Estimate List Price256
Date01-03-2024
Price171.00
GMP99 (57.89%)
Estimate List Price270
Date29-02-2024
Price171.00
GMP88 (51.46%)
Estimate List Price259
Date28-02-2024
Price171.00
GMP95 (55.56%)
Estimate List Price266
Date27-02-2024
Price171.00
GMP98 (57.31%)
Estimate List Price269
Date26-02-2024
Price171.00
GMP100 (58.48%)
Estimate List Price271
Date25-02-2024
Price171.00
GMP90 (52.63%)
Estimate List Price261
Date24-02-2024
Price171.00
GMP90 (52.63%)
Estimate List Price261
Date23-02-2024
Price171.00
GMP90 (52.63%)
Estimate List Price261
Date22-02-2024
Price171.00
GMP32 (18.71%)
Estimate List Price203
Date21-02-2024
Price157.00
GMP0 (%)
Estimate List Price157
IPO Important Dates
| IPO Open Date | Tuesday, February 27, 2024 |
| IPO Close Date | Thursday, February 29, 2024 |
| Basis of Allotment | Friday, March 1, 2024 |
| Initiation of Refunds | Monday, March 4, 2024 |
| Credit of Shares to Demat | Monday, March 4, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 29, 2024 |
IPO Open Date
Tuesday, February 27, 2024
IPO Close Date
Thursday, February 29, 2024
Basis of Allotment
Friday, March 1, 2024
Initiation of Refunds
Monday, March 4, 2024
Credit of Shares to Demat
Monday, March 4, 2024
Listing Date
Tuesday, March 5, 2024
Cut-off time for UPI mandate confirmation
5 PM on February 29, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 87 | ₹14,877 |
| Retail (Max) | 13 | 1131 | ₹193,401 |
| S-HNI (Min) | 14 | 1,218 | ₹208,278 |
| S-HNI (Max) | 67 | 5,829 | ₹996,759 |
| B-HNI (Min) | 68 | 5,916 | ₹1,011,636 |
ApplicationRetail (Min)
Lots1
Shares87
Amount₹14,877
ApplicationRetail (Max)
Lots13
Shares1131
Amount₹193,401
ApplicationS-HNI (Min)
Lots14
Shares1,218
Amount₹208,278
ApplicationS-HNI (Max)
Lots67
Shares5,829
Amount₹996,759
ApplicationB-HNI (Min)
Lots68
Shares5,916
Amount₹1,011,636
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 137.72 | 121.17 | 84.48 |
| Revenue | 123.73 | 232.56 | 189.24 |
| Profit After Tax | 22.84 | 37.58 | 17.75 |
| Net Worth | 85.04 | 61.88 | 22.34 |
| Reserves and Surplus | 44.86 | 21.80 | 21.28 |
| Total Borrowing | 11.46 | 17.43 | 24.24 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 2023137.72
31 Mar 2023121.17
31 Mar 202284.48
Period EndedRevenue
30 Sep 2023123.73
31 Mar 2023232.56
31 Mar 2022189.24
Period EndedProfit After Tax
30 Sep 202322.84
31 Mar 202337.58
31 Mar 202217.75
Period EndedNet Worth
30 Sep 202385.04
31 Mar 202361.88
31 Mar 202222.34
Period EndedReserves and Surplus
30 Sep 202344.86
31 Mar 202321.80
31 Mar 202221.28
Period EndedTotal Borrowing
30 Sep 202311.46
31 Mar 202317.43
31 Mar 202224.24
Key Performance Indicator
| ROE | 90.02% |
| ROCE | 56.85% |
| Debt/Equity | 0.28 |
| RoNW | 61.26% |
| P/BV | 11.13 |
| EPS (Rs) | 9.13 |
ROE
90.02%
ROCE
56.85%
Debt/Equity
0.28
RoNW
61.26%
P/BV
11.13
EPS (Rs)
9.13
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,128,237 (30.00%) | NA |
| QIB Shares Offered | 2,752,375 (20.00%) | NA |
| NII (HNI) Shares Offered | 2,064,184 (15.00%) | |
| bNII > ₹10L | 1,376,123 (10.00%) | 1,129 |
| sNII < ₹10L | 688,061 (5.00%) | 564 |
| Retail Shares Offered | 4,816,429 (35.00%) | 55,361 |
| Total Shares Offered | 13,761,225 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered4,128,237 (30.00%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered2,752,375 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered2,064,184 (15.00%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered1,376,123 (10.00%)
Maximum Allottees1,129
Investor CategorysNII < ₹10L
Shares Offered688,061 (5.00%)
Maximum Allottees564
Investor CategoryRetail Shares Offered
Shares Offered4,816,429 (35.00%)
Maximum Allottees55,361
Investor CategoryTotal Shares Offered
Shares Offered13,761,225 (100%)
Maximum Allottees
Information about company
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 â¹284.19M in 2018 to â¹2,340.56M in 2023.
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As of July 2023, the company has twelve distribution centres spread across India.
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As of May 31st, 2023, the production unit has 71 employees and 17 workers.
Disclaimer
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