Platinum Industries Limited IPO

BSE, NSEClosed

Feb 27, 2024Open Date

Feb 29, 2024Close Date

TBAAllotment Date

Mar 5, 2024Listing Date

Subscription Details

View Subscription Details

QIB151.00x

Retail50.96x

NIIs (Non-Institutional Investors)Main Category

141.82x

↳ NII Sub-Categories

bHNI (> ₹10L)

Bids above ₹10L

138.46x

sHNI (< ₹10L)

Bids ₹2L to ₹10L

148.55x

Overall Subscription

Total Bids Received

99.02x

Updated: 10 Jul, 06:09 pm

Platinum Industries Limited IPO Issue Details

Issue Price₹162-171 Per Equity Share

Face Value₹10 Per Equity Share

Fresh Share1,37,61,225 shares(aggregating up to ₹235.32 crore)

Listing AtBSE, NSE

Listing DateMar 5, 2024

Market Lot Details

Category	Lots	Shares	Amount
sHNI (Min)	14	1,218	₹2,08,278
sHNI (Max)	67	5,829	₹9,96,759
bHNI (Min)	68	5,916	₹10,11,636

Reservation Details

Category	Shares Offered	%
NII	20,64,184	15%
QIB	27,52,375	20%
Anchor	41,28,237	30%

Valuations

EPS (Pre-IPO)

9.13

EPS (Post-IPO)

8.31

P/E (Pre-IPO)

18.73

P/E (Post-IPO)

20.57

RoNW

61.26%

P/B Value

11.13

Financial Information (₹ in Crores)

Metric	FY 23	FY 22	FY 21
Total Assets	121.17	84.48	32.26
Total Revenue	232.56	189.24	89.53
Profit After Tax	37.58	17.75	4.82
Net Worth	61.88	22.34	4.47

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

1nvestment in the subsidiary, Platinum Stabilizers Egypt LLC (PSEL), for financing its capital expenditure requirements about the setting up of a manufacturing facility for PVC Stabilizers at SC Zone 'Governorate of Suez Egypt'
2Funding of capital expenditure requirements of the company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra, India
3Funding working capital requirements of our Company
4General corporate purposes.