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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Investment in Egyptian subsidiary
Funding capital expenditure for a manufacturing facility through the company's subsidiary, Platinum Stabilizers Egypt LLC.
Capacity expansion at Palghar
Expanding the company's existing manufacturing facility in Palghar, Maharashtra.
Working capital requirements
Funding the company's working capital needs to support ongoing operations.
General corporate purposes
General corporate purposes as permitted under applicable regulations.
(₹ in Crore)
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Platinum Industries Limited is a specialty chemicals manufacturer founded in 2016 and headquartered in Andheri East, Mumbai. The company makes PVC stabilizers, CPVC additives and related lubricants that are used as processing aids across a wide range of downstream applications, including PVC pipes, PVC profiles, PVC fittings, electrical wires and cables, SPC floor tiles, rigid PVC foam boards and packaging materials. The company runs its manufacturing operations out of a facility in Palghar, Maharashtra, and by mid 2023 had built out a distribution network of around twelve centers across India to support its customer base. Between fiscal 2018 and fiscal 2023, revenue grew at a compound annual rate of roughly 42 percent, reflecting a rapid scale up in production and sales volumes over that period. The company has also been expanding overseas through a subsidiary, Platinum Stabilizers Egypt LLC, aimed at supporting manufacturing capacity outside India. Within the domestic PVC stabilizer market, Platinum Industries has positioned itself among the leading suppliers by sales volume, competing on the strength of a diversified product range, in house research and development, and the technical entry barriers that are typical of the specialty chemicals segment. Its growth strategy centers on capacity expansion, both through the Palghar facility and its Egyptian subsidiary, alongside continued diversification of its stabilizer and additive product lines.
The company raised about Rs 71 crore from anchor investors ahead of the issue opening, with Baring Private Equity India AIF 2 as the largest participant, subscribing to roughly 14.6 lakh shares worth about Rs 25 crore.
Source: RHP • Analysis provided for informational purposes
Last Updated: 16 July 2026, 5:30 AM
Leading position in PVC stabilizers
The company ranks among the top domestic manufacturers of PVC stabilizers by sales volume, giving it meaningful scale in a specialty chemicals niche with high technical entry barriers.
Consistent growth and profitability
Revenue and profit have grown steadily over recent years, supported by disciplined financial management and healthy return ratios ahead of listing.
Diversified product portfolio
Its range of stabilizers, additives and lubricants serves multiple downstream industries, from pipes and fittings to cables and flooring, reducing reliance on any single end use.
In-house research and development
A dedicated focus on product development supports the company's ability to introduce new formulations and defend its position against competitors.
Customer concentration
A significant share of revenue comes from a limited set of large customers, so the loss of, or reduced orders from, any one of them could hurt financial performance.
Single-facility dependence
Manufacturing is concentrated at one facility, so any disruption there could materially affect production and supply to customers.
Execution risk on capacity expansion
Delays or cost overruns in setting up new or expanded manufacturing capacity could affect financial performance and growth plans.
Platinum Industries Limited
201, Ackruti Star, MIDC Central Road, Pocket No. 5, MIDC, Marol, Andheri (East), Mumbai, Maharashtra 400069, India
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Capacity utilization risk
If newly added manufacturing capacity is not utilized efficiently, it could weigh on margins and overall financial performance.