Platinum Industries IPO: Introduction
The stock market is enthusiastic as Platinum Industries Limited gears up for its initial public offering (IPO). As investors, analysts, and enthusiasts eagerly await the listing, let’s delve into the details of this exciting opportunity.
What Is Platinum Industries?
Platinum Industries is a leading player in manufacturing and distributing plastic pipes and fittings. The corporation has established itself in domestic and foreign markets, carving out a niche. The portfolio includes various pipes used in plumbing, agriculture, and infrastructure projects.
Platinum Industries IPO Details:
Issue Details:
- Type:
Book Built Issue - Issue Size:
₹235.32 Crore - Face Value:
₹10 per share - Price Band:
₹162 – ₹171 per share - Lot Size:
87 Shares - Minimum Investment:
₹14,877 (for a minimum lot) - Listing Exchange:
BSE & NSE
Platinum Industries IPO: Dates to Remember:
- Open Date:
February 27, 2024 - Close Date:
February 29, 2024 - Allotment Date:
March 1, 2024 - Listing Date:
March 5, 2024
Platinum Industries IPO: Business Prospects
- Growing Demand:
The infrastructure boom in India and increased agricultural activities bode well for Platinum Industries. The demand for quality pipes and fittings is on the rise. - Strong Financials:
Platinum Industries witnessed a 22.89% increase in revenue and an impressive 111.76% rise in profit after tax (PAT) between March 2022 and March 20231. - Global Footprint:
The company’s exports to various countries contribute significantly to its revenue. As international markets expand, Platinum Industries is poised for growth.READ MORE:
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Conclusion
Platinum Industries’ IPO presents an exciting chance for investors to participate in a promising venture. As you prepare your investment strategy, keep an eye on the market dynamics and consider the company’s fundamentals. Remember, every click on your blog could be a step toward understanding this IPO better!
