About Platinum Industries LimitedIncorporated in 2016, Platinum Industries Limited manufactures PVC stabilizers, CPVC additives, and lubricants. It is India’s third largest PVC stabilizer player in terms of sales with an ~13% market share in FY23.PVC stabilizers are used to produce polyvinyl chloride (PVC) based products to enhance their performance and durability so that they can withstand heat without significant loss of physical properties. They are used in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc. The company provides customized products and solutions as well as trades commodity chemicals such as titanium dioxide and PVC/CPVC resin. They are directly offered to its customers or through its network of 10 distributors spread across India as of Q2 FY24. It also exports its products to other countries. It has served 273 and 171 customers as of FY23 and Q2 FY24, respectively. Its manufacturing and R&D facilities are strategically located at Palghar in Maharashtra near the JNPT port. Moreover, the company plans to set up a new manufacturing facility at Palghar and intends to establish a project in Egypt through its subsidiary Platinum Stabilizers Egypt LLC. Between FY21 and FY23, it saw a CAGR rise of 37% in its revenue from operations and 98% in its profit. Additionally, the Indian specialty chemical industry is expected to grow at a CAGR of 8% between FY23 and FY26, which could be beneficial for the company. And now, Platinum Industries Limited is coming out with its initial public offer (IPO). The IPO will be a fresh issue and the money raised will be utilised to set up the manufacturing facilities in Egypt and Palghar, to fund working capital requirements, and for general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the Platinum Industries Limited IPO:
Financial snapshot
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Here’s a quick look at Platinum Industries Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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Platinum Industries Limited IPO details|Platinum Industries Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Platinum Industries IPO’s opening date – in other words, the Platinum Industries IPO launch date – will be 27th February 2024. The Platinum Industries IPO closing date is 29th February 2024. After this, investors will be updated about the allotment status on 1st March 2024. Investors, who have been allotted shares, can expect them to be credited to their demat account on 4th March 2024. The Platinum Industries IPO listing date is 5th March 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |Platinum Industries Limited IPO Price BandThe IPO is a fresh issue. The Platinum Industries IPO price band has been set between ₹162 and ₹171 per share. Interested investors can choose a price within this band to apply for the IPO. The Platinum Industries IPO listing price will be determined on 5th March 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. |Platinum Industries Limited IPO Lot size The Platinum Industries IPO details have been declared. The Platinum Industries IPO lot size is set at 87 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Platinum Industries IPO issue size is approx ₹235 crore. |
How to pre-apply for the Platinum Industries Limited IPO?You can pre-apply for the Platinum Industries Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Platinum Industries Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Platinum Industries Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Platinum Industries Limited IPO on Upstox:
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How to check the Platinum Industries LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Platinum Industries Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Platinum Industries Limited IPOTo apply for the Platinum Industries Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Platinum Industries Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Platinum Industries Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Platinum Industries IPO means applying for this public issue before it goes live. Click here to pre-apply for the Platinum Industries IPO on Upstox.
You can pre-apply for the Platinum Industries IPO from 26 February 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Platinum Industries IPO opens for the subscription.
The Platinum Industries IPO launch date is 27th February 2024. The Platinum Industries IPO will be open for subscription till 29th February 2024.
The Platinum Industries IPO price band is ₹162 – ₹171 per share.
The size of the Platinum Industries IPO is approx. ₹235 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 4th March 2024.
Platinum Industries shares will be on NSE and BSE.
Platinum Industries shares’ listing date is 5th March 2024.