Platinum Industries IPO
Basic information about the company:
Platinum Industries Limited, established in August 2016, specializes in manufacturing stabilizers. Their product range includes PVC stabilizers, CPVC additives, and lubricants. These products find application in various industries such as PVC pipes, electrical wires, packaging materials, and more. The company's manufacturing unit is located in Palghar, Maharashtra, spread across 21,000 sq. ft. of land.
Objectives of the IPO
The company aims to utilize the net proceeds from the IPO for several key objectives:
Investment in Subsidiary: Funding the growth and development of their subsidiary company.
Capital Expenditure: Meeting the capital expenditure requirements necessary for enhancing their manufacturing capabilities.
Working Capital: Allocating funds towards supporting the day-to-day operational needs of the company.
General Corporate Purposes: Utilizing funds for general corporate activities aimed at enhancing overall business operations.
Platinum Industries IPO Details
IPO Dates: 27 to 29 February 2024
Price Band: ₹162 to ₹171 per share
Lot Size: 87 shares
Total Issue Size: ₹235.32 Crores
Retail Quota: 35% of the total issue size
Grey Market Premium (GMP): +40% (Provided for informational purposes only)
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