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Platinum Industries Limited

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.

₹162 - ₹17198.99x sub
Listed Price225.00
Listing Gain+31.58%
TimelineBook Built Issue IPO
Open27 Feb 2024
Close29 Feb 2024
Allotment01 Mar 2024
Listing05 Mar 2024

Quota Reservation Portions

RetailPortion: 48,16,494 shares
35%
Nii(hni)Portion: 20,64,249 shares
15%
QIBPortion: 27,52,245 shares
20%

Minimum Application Bracket Matrix

Retail1 lots / 87 shares
₹14,877
sHNI14 lots / 1,218 shares
₹2,08,278
bHNI68 lots / 5,916 shares
₹10,11,636

About the 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.

Company Promoters

Krishna Dushyant RanaParul Krishna Rana