Platinum Industries Limited IPO
Platinum Industries Limited IPO
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Following its successful public offering, Platinum Industries Limited's made its market debut on 05-03-2024 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 1,37,61,225 Shares in total capital, including 1,37,61,225 Shares in primary equity infusion.
The offering was structured with a price band of ₹162 to ₹171 and minimum investment lots of 87 shares. Investor participation during the subscription window from 27-02-2024 to 29-02-2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on 01-03-2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Platinum Industries IPO About Company
Founded in August 2016, Platinum Industries Limited specializes in manufacturing stabilizers, including PVC stabilizers, CPVC additives, and lubricants, catering to industries such as PVC pipes, electrical wires, SPC floor tiles, and packaging materials. The company operates a state-of-the-art manufacturing facility in Palghar, Maharashtra, covering over 21,000 square feet. Over the six-year period from 2018 to 2023, Platinum Industries has demonstrated remarkable growth, with revenue from operations increasing at a CAGR of 42.11%, reaching ₹2,340.56 crore in 2023. By July 2023, the company expanded its distribution network to twelve centers across India. As of May 31, 2023, its production unit employs 71 staff members and 17 workers, reinforcing its commitment to innovation and industry leadership.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Platinum Industries IPO Strength Factors
- Consistent Financial Performance: Indicates strong management and operational efficiency, reassuring investors and stakeholders.
- R&D and Sustainability: Commitment to innovation and eco-friendly practices ensures long-term growth and regulatory compliance.
- Diversified Product Portfolio: Reduces reliance on any single market, enhancing financial resilience.
- High Entry Barriers: Protects the company's market position by limiting competition.
- Quality Products: Strengthens customer trust and brand loyalty, contributing to sustained success.
Platinum Industries IPO Risk Factors
- Dependence on a Single Manufacturing Facility: Increases exposure to risks like supply chain disruptions, regulatory shutdowns, and natural disasters, which could halt production.
- Under-utilization of Capacity: Inefficient use of resources may lead to higher costs and lower profitability, reducing the benefits of facility expansions.
- Compliance Challenges: Past regulatory issues could lead to penalties and affect investor confidence, requiring stronger governance and compliance measures.
- Unrealized Capital Expenditure Plans: Delays in planned investments raise concerns about execution capabilities and long-term growth potential.
Platinum Industries IPO Lead Manager(s)
- Unistone Capital Private Limited
Platinum Industries IPO Promoter(s)
- Krishna Dushyant Rana
- Parul Krishna Rana
Platinum Industries IPO FAQs
Platinum Industries Limited IPO subscribed 98.99 times. The public issue subscribed 50.91 times in the retail category,151.01times in QIB, and 138.46 times in the HNI (10+) category byNovember 20, 2025 6:54:19 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Platinum Industries IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Platinum Industries IPO FAQs
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