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.
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As of May 31st, 2023, the production unit has 71 employees and 17 workers.


Platinum Industries IPO is a book built issue of Rs 235.32 crores. The issue is entirely a fresh issue of 1.38 crore shares.

Platinum Industries IPO opens for subscription on February 27, 2024 and closes on February 29, 2024. The allotment for the Platinum Industries IPO is expected to be finalized on Friday, March 1, 2024. Platinum Industries IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, March 5, 2024.

Platinum Industries IPO price band is set at ₹162 to ₹171 per share. The minimum lot size for an application is 87 Shares. The minimum amount of investment required by retail investors is ₹14,877. The minimum lot size investment for sNII is 14 lots (1,218 shares), amounting to ₹208,278, and for bNII, it is 68 lots (5,916 shares), amounting to ₹1,011,636.

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