Platinum Industries Limited IPO

Platinum Industries Ltd. (PIL) is a multi-product company engaged in the business of manufacturing stabilizers. Its business segment includes PVC stabilizers, CPVC additives and lubricants. Thus it operates in specialty chemicals and its products find application in PVC Pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, Rigid PVC foam boards, packaging materials etc. PVC stabilizers are chemical additives used in the production of polyvinyl chloride (PVC) based products to enhance the performance and durability of PVC. These stabilizers enhance the thermal stability of PVC by allowing it to withstand heat without significant degradation or loss of physical properties. They prevent the discoloration, embrittlement and degradation of PVC caused by UV exposure, ensuring the longevity and aesthetics of PVC-based applications.

It also improves the mechanical properties of PVC, such as its impact strength, tensile strength, and flexibility. In recent times, there has been a noticeable shift in the trends and preferences within the PVC stabilizer industry, particularly in sectors such as potable water distribution, agriculture, constructions, medical consumables, wires and cables. Traditionally, lead-based PVC stabilizers were commonly utilized for their stabilizing properties. 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 price band is set at ₹162 to ₹171 per share. The minimum lot size for an application is 87 Shares. Unistone Capital Pvt Ltd is the book running lead manager of the Platinum Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.