Pentagon Rubber IPO

Pentagon Rubber IPO will open for subscription from 26 June 2023. the company aims for an issue size of ₹16.17 Cr through this IPO.

Company Overview

Full namePentagon Rubber Limited
IndustryRubber products
Company Website

About Company

Incorporated in 2004, Pentagon Rubber manufactured Rubber Conveyor belts, Transmission Belts, Rubber Sheets, and Elevator Belts. The manufacturing unit of Pentagon Rubber is located in Dera Bassi, Punjab, which is 25 kms from Chandigarh City. The company has installed one of the longest conveyor belting presses in India, with a production capacity of 21mtr in a single stroke. This technology allows the company to produce conveyor rubber belting up to 3150KN/m, making it one of the top manufacturers in India.

The production capacity is over 300 sq km of conveyor rubber belts per year, and it has a modern laboratory of international standards that can produce conveyor belts as per DIN, BS, IS, ISO, SABS, AS, GOST, and CAN standards. The company has a complete QAP & QC system that is followed in its manufacturing process, which includes rigorous and complete testing of in-process belts and finished belts. As on 30 September 2022, Pentagon Rubber has 65 employees including directors on payroll.

The Objective of the Issue

  • To meet working capital requirements, and
  • General corporate expenses.

Pentagon Rubber IPO Timetable

IPO Opening date26 June 2023
IPO Closing30 June 2023
Basis of Allotment05 July 2023
Initiation Refund06 July 2023
Credit to Demat Account07 July 2023
Listing Date10 July 2023

Pentagon Rubber IPO details

Issue typeBook Built Issue IPO
IPO issue size16.17 Cr – 2,310,000 shares
Fresh Issue16.17 Cr – 2,310,000 shares
Offer for saleNil
Face value₹10 per share
Price Band₹65 to ₹70 per share
Lot size2000 Shares
Retail Allocation35%
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)12000₹140,000
Retail (Max)12000₹140,000
HNI (Min)24,000₹280,000

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2020FY 2021FY 20229M FY 2023
Net income93.81110.30308.66215.86
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio11.36 – 12.24
RONW (%)69.2444.8855.67
ROCE (%)25.2525.2031.39
EBITDA (%)10.649.9012.02

Company Promoters

  • Mr. Anil Jain
  • Mr. Lalit Jain
  • Mr. Ashish Jain
  • Mr. Saurabh Jain.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding70.04%

Lead Manager(s)

807, Phoenix, Opp. Girish Cold Drinks,
Near Vijay Cross Roads, Navrangpura, Ahmedabad -380009
Phone: +91-79-4840 5357, 48406357

IPO Registrar

C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai, Maharashtra, India – 400 083
Phone: +91-8108114949

Contact Details

Gulabgarh Road, Village Behra Dist. S.A.S. Nagar,
Derabassi, Mohali, Punjab- 140507, India
Phone: +91-9816610646

Allotment Status

Pentagon Rubber IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Final thoughts

Pentagon Rubber IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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