Platinum Industries Ltd.
Industry:
Chemicals
Issue Details
Open Date
27 Feb 2024Close Date
29 Feb 2024Size (in Crs.)
235.317
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-9Lot Size
87
Type
Book building
Face Value
10
Market Lot
1
Objective of the Issue
1. Investment in our Subsidiary, Platinum Stabilizers Egypt LLC (“PSEL”) for financing its capitalexpenditure requirements in relation to the setting up of a manufacturing facility for PVC Stabilizersat SC Zone, Governorate of Suez, Egypt. (“Proposed Facility 1 (Egypt)”);2. Funding of capital expenditure requirements of our Company towards setting up of a manufacturingfacility for PVC Stabilizers at Palghar, Maharashtra, India (“Proposed Facility 2 (Palghar)”);3. Funding working capital requirements of our Company; and4. General corporate purposes.
Description
We are a multi-product company engaged in the business of manufacturing stabilizers. Our business segment includes PVC stabilizers, CPVC additives and lubricants. We operate in the speciality chemicals industry. Our 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. The Indian speciality chemicals industry, accounting for ~26% of the overall chemicals industry (excluding pharmaceuticals), was w... Show More
Address
Unit No. 201, 2nd Floor, Ackruti Star , M I D C Central Road, Next To Marol Telephone Exchange , Andheri (E)
Mumbai
400069
State
Maharashtra
Phone No.
022 49732818 / 28390688 / 97 / 98
Website
www.platinumindustriesltd.com
Promoter Holding
Promoters:
Krishna Dushyant Rana, Parul Krishna Rana
Total Share Capital
38994830
Offered to Public
13761225
% Promoter's Holding (Pre-Issue)
94.74
% Promoter's Holding (Post-Issue)
70.99
Shares on offer
Total Share Offer
38994830
Of above offred to public
13761225
Post Issue shares
NA
Post Issue Promoters
70.99
Lead Managers to the Issue:
Unistone Capital Pvt Ltd.
Registrar Details
Registrar Name:
Bigshare Services Pvt Ltd
Address
Office No S6-2, 6th Floor, Pinnacle Business Park , Next to Ahura Centre, Mahakali Caves Road , Andheri (E) , Mumbai
400093