Platinum Industries
Platinum Industries is a multifaceted business that specializes in stabilizer production. Its business segment focuses on lubricants, CPVC additives, and PVC stabilizers. The business is involved in the speciality chemical sector. Products from the company are used in many different applications, such as packaging materials, rigid PVC foam boards, SPC floor tiles, electrical wires and cables, PVC fittings, PVC pipes, and more.
From INR 28.42 crore in Fiscal 2018 to INR 234.06 crore in Fiscal 2023, the revenue from operations increased significantly. This impressive growth is the result of a CAGR of 42.11% throughout a six-year period.
By July 2023, Platinum Industries will have twelve locations in India as part of its distribution network. As of May 31, 2023, there are 71 employees working for the production unit and 17 laborers in total.
Platinum Industries IPO Details
| Signature Global IPO Details | ||
|---|---|---|
|
Platinum Industries IPO Dates |
27 – 29 Feb 2024 |
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|
Platinum Industries Issue Price |
INR 162 – 171 per share |
|
|
Fresh issue |
13,761,225 shares (INR 222.93 – 235.31 crore) |
|
|
Offer For Sale |
NIL |
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Total IPO Size |
13,761,225 shares (INR 222.93 – 235.31 crore) |
|
|
Minimum bid (size) |
87 shares (INR 14,877) |
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|
Face Value |
INR 10 per share |
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|
Retail Allocation |
35% |
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Listing On |
BSE, NSE |
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Platinum Industries Financial Performance
| Signature Global Financial Performance | ||||
|---|---|---|---|---|
|
|
FY21 |
FY22 |
FY23 |
H1 FY 24 |
|
Revenue |
89.27 |
188.16 |
231.48 |
122.82 |
|
Expenses |
82.84 |
165.28 |
181.62 |
93.49 |
|
Net income |
4.82 |
17.75 |
37.58 |
22.84 |
|
Margin (%) |
5.40 |
9.43 |
16.23 |
18.60 |
Figures in INR Crore unless specified otherwise