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Platinum Industries IPO
Price Band
₹162.0–171.0
Issue Size
₹235.32 Cr
Lot Size
87 shares
Min Investment
₹14,877
GMP
+₹87.0 (50.88%)
Issue Price
₹171.0
Subject to Sauda
₹5800
Paid only if allotted
Platinum Industries IPO AI Summary
- Platinum Industries IPO is listed on BSE, NSE in the Specialty Chemicals sector.
- Price band: ₹162.0–₹171.0 per share, lot size 87 shares (min. investment ₹14,877).
- Subscription window: 27 Feb–29 Feb 2024, listing on 05 Mar 2024.
- Current GMP is +₹87.0 (50.88%), an estimated listing price of ₹258 — unofficial and can change daily.
Platinum Industries Limited is a growing player in the specialty chemicals sector, focusing on stabilizers and additives. With a strong revenue growth trajectory and plans for expansion, the company is positioned for future growth, although potential investors should consider the risks associated with investing in IPOs.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Platinum Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 29 Feb 2024 — not a current signal.
12 of 12 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Platinum Industries IPO Grey Market Premium (GMP) Today
GMP
+₹87.0
GMP %
+50.88%
Est. Listing
₹258.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in August 2016, Platinum Industries Limited is a company that specializes in producing stabilizers. The company manufactures PVC stabilizers, CPVC additives and lubricants. The company's products are used in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc. The manufacturing facility of the company is situated in Palghar, Maharashtra, and spreads across 21,000 sq. ft. of land. The revenue from operations grew at a CAGR of 42.11% in six years, from ₹284.19M in 2018 to ₹2,340.56M in 2023. As of July 2023, the company has twelve distribution centres spread across India. . As of May 31st, 2023, the production unit has 71 employees and 17 workers.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 137.72 | 121.17 | 84.48 | 32.26 |
| Total Income | 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 |
Key Ratios
EPS
₹9.13
NAV
₹15.37
ROE
90.02%
ROCE
56.85%
RoNW
61.26%
P/B Value
11.13
P/E Ratio
18.73
Market Cap
₹939.22 Cr
PAT Margin
9.32%
Debt/Equity
0.28
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Apcotex Industries Ltd. | 91.82 | 22.68% | 22.36 | 20.82 | 20.82 |
| Supreme Petrochem Limited | 98.06 | 27.02% | 24.39 | 26.49 | 26.49 |
| Platinum Industries Limited This IPO | 15.37 | 61.26% | — | 9.42 | 9.42 |
Promoters
Krishna Dushyant Rana and Parul Krishna Rana
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in Platinum Stabilizers Egypt LLC for financing its capital expenditure requirements in relation to the setting up of the Proposed Facility 1 (Egypt) 6.77 2 Funding of capital expenditure requirements of our Company towards setting up of the Proposed Facility 2 (Palghar) 7.13 3 Funding working capital requirements of our Company 3.00 4 General corporate purposes 4.28
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue from operations grew significantly, from ₹189.24 Cr in the fiscal year ending 31 Mar 2022 to ₹232.56 Cr in the fiscal year ending 31 Mar 2023. However, the most recent figure of ₹123.73 Cr as of 30 Sep 2023 is for a 6-month period, making it not directly comparable to the full fiscal year figures.
Profit Trend
Profit After Tax increased from ₹17.75 Cr in the fiscal year ending 31 Mar 2022 to ₹37.58 Cr in the fiscal year ending 31 Mar 2023. The latest figure of ₹22.84 Cr as of 30 Sep 2023 is also for a 6-month period, so it is not directly comparable to the full year figures.
Valuation
Platinum Industries Limited has an implied P/E ratio of 18.73 at the issue price, compared to peers trading at P/E ratios of 22.36 to 24.39.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the premium at which shares are traded in the unofficial market before they are listed on the stock exchange. A positive GMP suggests that the market expects the stock to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is important to consider market conditions and the company's fundamentals before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid this IPO, as it may involve higher volatility and uncertainty typical of newer companies in growth phases.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market sentiment, demand for the stock, and overall market conditions. While a positive GMP may indicate potential gains, there is no guarantee that the stock will perform well on its listing day.
This evaluation is generated from Platinum Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Platinum Industries IPO GMP today?
Platinum Industries IPO GMP today is +₹87.0 (50.88%), indicating an estimated listing price of ₹258. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Platinum Industries IPO?
The price band of Platinum Industries IPO is ₹162.0–₹171.0 per share.
When does Platinum Industries IPO open and close?
Platinum Industries IPO opens on 27 February 2024 and closes on 29 February 2024.
When does Platinum Industries IPO list on the stock exchange?
Platinum Industries IPO listed on 05 March 2024 at ₹258.0.
What is the lot size for Platinum Industries IPO?
The lot size for Platinum Industries IPO is 87 shares, requiring a minimum investment of ₹14,877.
What is the price band for the IPO?
The price band for the IPO is ₹162.0 to ₹171.0.
What is the lot size for the IPO?
The lot size for the IPO is 87 shares.
What is the minimum investment required?
The minimum investment required is ₹14,877.0.
When is the IPO open for subscription?
The IPO is open for subscription from February 27, 2024, to February 29, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Feb 2024
Close
29 Feb 2024
Allotment
01 Mar 2024
Listing
05 Mar 2024
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