Platinum Industries Ltd. IPO

Platinum Industries, a rising star in India's specialty chemicals industry, manufactures PVC stabilizers, CPVC additives, and lubricants. They hold the third-largest market share in PVC stabilizers domestically, with a focus on eco-friendly alternatives like calcium zinc and organic options. Their impressive growth boasts the highest revenue, gross profit, and margin among peers. Recognizing the industry shift towards sustainable solutions, Platinum is well-positioned to cater to evolving market demands and environmental regulations.

RHP
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DRHP
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Open Date

2024-02-27

Close Date

2024-02-29

IPO Details

Check out the issue details for Platinum Industries Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 157

Price Band

₹ 150 - 157

Issue Size

216.05 Cr.

Issue Type

Book Built

Open

2024-02-27

Close

2024-02-29

Listingprice

₹ 225

ListingGain

43.31%

Listing Date

2024-03-05

CMP

₹ 184.6

Current Return

17.58%

Company Financials

You can get the following financial statements of Platinum Industries Ltd. as of now.

Subscription Details

The details about the Platinum Industries Limited IPO is as:

  • The issue size of the IPO is 216.05 Cr.
  • The price band for Platinum Industries Limited IPO is Rs 150 to Rs 157.
  • The shares of Platinum Industries Limited IPO will list on 5th March 2024.
  • The latest tentative GMP of Platinum Industries Limited IPO is Rs 100.
  • The shares of Platinum Industries Limited IPO is subscribed 39.84 Times as of 1:21 pm, 29th February 2024.

 

Platinum Industries Limited IPO Valuation

The approx valuation of Platinum Industries Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 157
Existing Shares (Qty) 4.11 Cr
Fresh Issue 216.05 Cr
Market Cap 861.32 Cr
EPS (FY23) Rs 9.42
PE Ratio 16.67
Industry PE 23.38x

 

Platinum Industries Limited IPO Issue Size

Platinum Industries Limited IPO issue size is 216.05 Cr

Issue Amount
Fresh Issue 216.05 Cr
Offer For Sale 0 Cr

 

Platinum Industries Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 87 shares and a maximum of 13 lots of 1131 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 87 14,877
 Maximum 13 1131 1,93,401

 

Platinum Industries Limited IPO share offer

The shares of Platinum Industries Limited IPO is subscribed 39.84 Times as of 1:21 pm, 29th February 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 5.48 Times
Non-Institutional Minimum 15% 88.88 Times
Retail Individual Minimum 35% 38.45 Times
Total   39.84 Times

Allotment Details

Find below the dates for Platinum Industries Limited IPO:

Schedule Date
Basis of Allotment 1 March 2024
Refunds 4 March 2024
Credit to Demat Account 4 March 2024
IPO Listing Date 5 March 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Net Sales 70.92 184.35 234.21
Total Expenditure 65.5 162.06 183.04
Operating Profit 5.42 22.29 51.17
Other Income 0.17 1.1 1.07
Interest 0.08 1.58 2
Depreciation 0.21 0.89 1.11
Exceptional Items 0 0 0
Profit Before Tax 5.3 20.91 49.13
Provision for Tax 1.46 5.36 12.94
Net Profit 3.83 15.55 36.2
Adjusted EPS (Rs.) 0.09 0.38 0.9

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 1.05 1.05 40.25
Total Reserves 3.83 19.09 17.72
Borrowings 1.1 0.5 1.04
Other N/C liabilities 0.18 1.86 1.46
Current liabilities 24.5 58.22 37.53
Total Liabilities 30.66 80.72 98
Assets
Net Block 3.85 6.66 16.48
Capital WIP 0.02 0 3.14
Intangible WIP 0 0 0
Investments 0 0.02 10.96
Loans & Advances 0.53 0.95 0.44
Other N/C Assets 0.03 0 0
Current Assets 26.24 73.09 66.99
Total Assets 30.66 80.72 98
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 0.24
Profit Before Tax 13.04
Tax 3.21
Profit After Tax 9.83
Adjusted EPS (Rs) 2.44

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Profit from operations 5.3 20.91 49.13
Adjustment 0.27 3.04 2.73
Changes in Assets & Liabilities -2.28 -35.83 -1.28
Tax Paid -1.6 -2.56 -12.24
Operating Cash Flow 1.69 -14.44 38.34
Investing Cash Flow -1.89 -5.42 -27.45
Financing Cash Flow -0.41 19 -9.26
Net Cash Flow -0.6 -0.85 1.63
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