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Issue Open Date
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27-Feb-24
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Issue Closing Date
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29-Feb-24
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Application Money
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100
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Allotment Money
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Price Band
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162
-
171
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Minimium Application No.
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87
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Issue Size (Shares)
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13761225
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Market Lot
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1
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Objective
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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.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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2064184
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292754565
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141.825808648841
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Qualified Institutional Buyers
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2752375
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415616400
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151.002824833099
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Retail Individual Investors
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4816429
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245589081
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50.9898684274179
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Business 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 worth $29 billion in fiscal 2020. The industry expanded at 6.7% CAGR over fiscals 2015-20, driven by an increase in domestic offtake from various end-user industries and rising exports. However, in fiscal 2021, the industry declined 3.4% on-year because of a slowdown in economic activity and the consequent decline in demand from end-user industries. The industry exhibited recovery in fiscal 2023 with a worth of $37.9 billion. The Indian specialty chemical industry is expected to reach $48.1 billion by fiscal 2026, growing at 8.3% CAGR over 2023-26. (Source: CRISIL Report)
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Promoter's Holding
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Total Share Capital
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38994830
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Offered to Public
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13761225
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Promoter's Holding (Pre-Issue)
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94.74
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Promoter's Holding (Post-Issue)
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70.99
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Address |
Unit No. 841
4th Floor
Solitaire Corporate Park-8
Andheri Kurla Road
Andheri (E)
Mumbai,
Maharashtra,
400093
Phone : 7304538055
Email : cs@platinumindustriesltd.com
Website : www.platinumindustriesltd.com
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Registrar |
Bigshare Services Pvt Ltd
Office No S6-2
6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (E)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
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Unistone Capital Pvt Ltd.
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Promoters |
Krishna Dushyant Rana
Parul Krishna Rana
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