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PLATINUM IPO

PLATINUM INDUSTRIES LIMITED

IPO Doc

Start Date27-02-2024

Application Timing10am-5pm

Price Range₹162 - ₹171

Min Qty87

Min. Investment₹14094

Listing DateNA

Close Date29-02-2024

About PLATINUM INDUSTRIES LIMITED

Platinum Industries is a multi-product company engaged in the business of manufacturing speciality chemicals known as stabilizers. The business segment includes PVC stabilizers, CPVC additives, and lubricants to enhance the performance and durability of PVC. Company's products find their application in PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials, etc.

They are the third largest player of PVC stabilizer with an 8.00% market share in FY22 in the domestic market. Amongst peers in the industry, Platinum Industries recorded the highest Revenue in FY 22. Company's manufacturing facility is located at Palghar, Maharashtra which is spread across land of 21,000 sq. ft and a have a dedicated in-house R&D facility.

ABOUT THE INDUSTRY

The Indian speciality chemicals industry, accounting for 26% of the overall chemicals industry (excluding pharmaceuticals), and it was worth USD 33.5 billion in FY '22. This industry is expected to reach USD 51 billion by FY 2026, growing at 11.1% CAGR over 2022-26.

Why To Invest in PLATINUM INDUSTRIES LIMITED

Manufacturer of speciality chemicals with consistent financial growth. The IPO Net Proceeds will be utilised for:

Investment in the subsidiary, Platinum Stabilizers Egypt LLC for financing its capital expenditure requirements
Funding of capital expenditure towards setting up a manufacturing facility for PVC Stabilizers at Palghar, Maharashtra
Funding working capital requirements of the Company

Financial Table

Year	FY 2021	FY 2022	FY 2023
Revenue from Operations (Rs. Cr)	89.2	188.2	231.5
PAT (Rs. Cr)	4.8	17.7	37.6

Strengths And Risks

Varied Product Portfolio : We have varied products for PVC industry in the market and multiple product categories which helps them to retain their customers and strengthen the cross-selling efforts across product portfolios.

High Entry Barriers: Barriers to entry in the speciality chemical industry are typically high. The specialised nature of products means significant differentiation. R&D efforts, technical know-how, capital, customer relationships, and engineered or regulated specifications.

R&D Focus: Platinum Industries has an in-house R&D facility over 3,000 q. ft. area in Palghar, Maharashtra with modern equipment and instrumentation. The R&D efforts are focused on developing innovative products to suit customer needs. market demands.

Consistent Financial Performance : Company has grown from commencing from 2 products portfolio to a multi-product manufacturing company with sales across India and in international markets. The revenue has grown at a CAGR of 42 % and PAT has registered a CAGR of 164% in the last six years.

Negative Cash Flows: Platinum Industries has experienced negative cash flows in operating, investing and financing activities in the last three financial years. Any negative cash flows in the future would adversely affect our results of operations and financial condition.

Pricing Pressure: Being in a competitive market, we face pricing pressures from our customers. It may affect our gross margin, profitability, and ability to increase prices, which may adversely affect the business, results of operations. financial condition.

Customer & Regional Concentration: Platinum Industries is dependent on a few customers for a major part of its revenues. Further, the customers are concentrated in the Western zone. Any loss of these customers or region specific changes can impact the business.

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Astha Credit & Securities Pvt Ltd
NSE, BSE & MCX Sebi Reg No:
INZ000187932

For any grievance contact:
grievance@rupeezy.in
0755-4268599

Membership ID:
NSE - 12227 BSE-6844 MCX - 40000
NSDL-IN303420 CDSL-94500

For cyber attack incident reporting:
gyanesh@rupeezy.in
9669695615

CIN:
U65929MP2003PTC016241

SEBI RA Registration:
INH000013332

SEBI Depository Participant Reg No:
IN-DP-611-2021

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Client Bank account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

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