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IPO Status: Listed [27th Feb 2024 to 29th Feb 2024]
Platinum Industries IPO, a Mainline IPO of ₹235.32 Cr was launced on 27-02-2024 to 29-02-2024 and the shares got listed on BSE, NSE on 05-03-2024.
The public issue of Platinum Industries IPO (PLATIND,544134) was offered at ₹171.00 per share and the ipo was listed at ₹225. It has delivered listing gain of 31.58%.
As the minimum lot size was 87 shares, the IPO has offered Rs 4698 per lot return on listing.
| IPO Issue Opening Date: | 27th Feb 2024 |
| IPO Issue Closing Date: | 29th Feb 2024 |
| IPO Issue Price: | ₹162.00-171.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹235.32 Cr |
| Fresh Issue: | ₹235.32 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 94.74% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544134 |
| NSE Code: | PLATIND |
Get important updates regarding Platinum Industries IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Mar 2024 |
| Refunds Initiation* | 4th Mar 2024 |
| Credit of Shares to Demat* | 4th Mar 2024 |
| IPO Listing Date* | 5th Mar 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹162.00-171.00 |
| Market Lot: | 87 Shares |
| 1 Lot Amount: | ₹14877 |
| Min Small HNI Lots(2-10 Lakh): | 1218 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 5916 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 05-03-2024 | 171.00 | 87 | 5800/81200 | ₹258 (50.88%) | 5-Mar-2024 9:03 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Platinum Industries is a stabilizer manufacturing company that manufactures PVC stabilizers, CPVC additives and lubricants. Its products are used in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc.
As per CRISIL report, the company is the third largest player of PVC stabilizers in terms of total sales with an 8% market share for 2021-22.
Its manufacturing facility is located at Palghar, Maharashtra across 21,000 sq ft and also has a R&D facility in Dhansar, Palghar, Maharashtra.
The company has a 12 distribution network across India through which the company sells its products in Indian market as well as exports them to other countries.
| Incorporation | Sector | IPO Issue Size | Website |
| 2008 | Petrochemical | ₹235.32 Cr | https://platinumindustriesltd.com/ |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,752,375 (28.57%) | 2,064,184 (21.43%) | 4,816,429 (50%) | 9,632,988 | |
| 1 | 27th Feb 2024 19:04 | 0.07x | 13.68x | 10.47x | 8.19x |
| 2 | 28th Feb 2024 19:04 | 0.90x | 42.97x | 25.76x | 22.35x |
| 3 | 29th Feb 2024 18:22 | 151.00x | 141.79x | 50.92x | 98.99x |
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 Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 137.72 | 121.17 | 84.48 | 32.26 |
| Revenue | 123.73 | 232.56 | 189.24 | 89.53 |
| Profit After Tax | 22.84 | 37.58 | 17.75 | 4.82 |
| Net Worth | 85.04 | 61.88 | 22.34 | 4.47 |
| Reserves and Surplus | 44.86 | 21.80 | 21.28 | 3.53 |
| Total Borrowing | 11.46 | 17.43 | 24.24 | 3.26 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Platinum Industries Limited | 9.42 | 9.42 | 15.37 | 61.26 | Consolidated | |
| Supreme Petrochem Limited | 26.49 | 26.49 | 98.06 | 24.39 | 27.02 | Consolidated |
| Apcotex Industries Ltd. | 20.82 | 20.82 | 91.82 | 22.36 | 22.68 | Consolidated |
Last Updated on 09-Mar-2024 06:02:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Platinum Industries IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Platinum Industries IPO with Zerodha.
Alternate approch to apply in Platinum Industries IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Platinum Industries IPO Review and Important Updates
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To subscribe or apply in Platinum Industries IPO, you can use the following methods:
| Platinum Industries IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Platinum Industries IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Platinum Industries IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Platinum Industries IPO. Most of the Syndicate Banks provide access to apply in Platinum Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Platinum Industries IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Platinum Industries IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Platinum Industries IPO Review and Important Updates
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Applying in Platinum Industries IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Platinum Industries IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Platinum Industries IPO, please refer article >> Link
Platinum Industries IPO Review and Important Updates
Steps to download the online application form for Platinum Industries IPO
Or
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Platinum Industries IPO is going to be list on 05-03-2024. NSE Code for Platinum Industries is PLATIND. BSE Code for Platinum Industries is 544134.
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Platinum Industries IPO Allotment Date is 01-03-2024.
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Platinum Industries IPO share allotment date?Platinum Industries IPO allotment date?
