The wait of Platinum Industries IPO Allotment Status is almost over for investors who applied for the Platinum Industries IPO. As per the official timeline, the allotment of shares is expected to be finalized today, March 1, 2024.
Platinum Industries IPO worth Rs. 235.32 crore opened on February 27 and closed on February 29.
Here’s what you need to know:
Platinum Industries IPO Allotment Status
- The official announcement of the allotment is expected today, March 1st.
- You can check your application status on the registrar’s website or the websites of stock exchanges (BSE & NSE). You can also directly click here Platinum Industries IPO Allotment Status
- To check the status, you will need your PAN number, application number, or DP client ID.
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IPO Key Dates
- March 1: Allotment of shares finalized (expected)
- March 4: Initiation of refunds and credit of shares to Demat accounts
- March 5: Listing of shares on the stock exchanges (BSE & NSE)
Subscription and Basis of Allotment
- The Platinum Industries IPO received a robust response, subscribed over 99 times.
- Due to the high subscription, the basis of allotment is expected to be around 1:50 (approx) for the retail investor category. This means that for every 50 shares applied for, you might receive only 1 share.
If you have applied for the Platinum Industries IPO, you can do a Platinum Industries IPO allotment status check immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd.
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About Platinum Industries: Leading Indian PVC Stabilizer Manufacturer
Platinum Industries Limited is a company based in India specializing in the production of PVC stabilizers, CPVC additives, and lubricants. They cater to various applications including:
- PVC pipes
- PVC profiles
- PVC fittings
- Electrical wires and cables
- SPC floor tiles
- Rigid PVC foam boards
- Packaging materials
Here’s a quick overview of what makes Platinum Industries stand out:
- Market leader: They claim to be India’s leading manufacturer of PVC stabilizers.
- Established company: Incorporated in August 2016, they have a growing presence in the market.
- Revenue growth: The company has witnessed impressive revenue growth, with a CAGR of 42.11% in the past six years (from 2018 to 2023).
- Manufacturing facility: Their production unit is located in Palghar, Maharashtra, spread across a significant area.
While the recent IPO garnered significant interest, it’s crucial to remember that this information is for general knowledge purposes only. It’s advisable to conduct thorough research and consult with financial advisors before making any investment decisions.
Platinum Industries Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 137.72 | 121.17 | 84.48 | 32.26 |
| Revenue | 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 |
Disclaimer: The information provided on this website is for general informational purposes only and should not be construed as financial advice, investment recommendations, or guarantees of any kind. This information is not intended as a substitute for professional financial advice. You should always seek the advice of a qualified financial advisor before making any investment or financial decisions.
