Incorporated in 2004, Pentagon Rubber Limited manufactures Rubber Conveyor belts, Transmission belts, Rubber Sheets, and Elevator belts.
The manufacturing unit of Pentagon Rubber Limited is located in Dera Bassi, Punjab, 25 km from Chandigarh City. It has one of India’s longest conveyor belting presses, with a production capacity of 21mtr in a single stroke. The production capacity of the manufacturing unit is over 300 sq km of conveyor rubber belts per year.
The company 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 been awarded Export Merit Award, Special Domestic Sales Award, and Top Domestic Sales Award from the All India Rubber Industries Association.
Pentagon Rubber IPO Details
| IPO Date | Jun 26, 2023 to Jun 30, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹65 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,310,000 shares (aggregating up to ₹16.17 Cr) |
| Fresh Issue | 2,310,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,400,000 |
| Share holding post issue | 7,710,000 |
| Market Maker portion | 116,000 shares Sunflower Broking |
Pentagon Rubber IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Pentagon Rubber IPO Timetable (Tentative)
Pentagon Rubber IPO opens on Jun 26, 2023, and closes on Jun 30, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Monday, 26 June 2023 |
| Closing Date | Friday, 30 June 2023 |
| Basis of Allotment | Wednesday, 5 July 2023 |
| Initiation of Refunds | Thursday, 6 July 2023 |
| Credit of Shares to Demat | Friday, 7 July 2023 |
| Listing Date | Monday, 10 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 30, 2023 |
Pentagon Rubber IPO Lot Size
The Pentagon Rubber IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator |
Pentagon Rubber IPO Promoter Holding
The promoters of the company are Mr. Anil Jain, Mr. Lalit Jain, Mr. Ashish Jain, and Mr. Saurabh Jain.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70.04% |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,132.82 | 1,939.25 | 93.81 | 135.48 | -264.52 | 1,244.86 |
| 31-Mar-21 | 2,588.99 | 2,319.69 | 110.30 | 245.78 | -154.22 | 1,649.42 |
| 31-Mar-22 | 2,802.18 | 3,511.59 | 308.66 | 554.43 | 154.43 | 1,758.61 |
| 31-Dec-22 | 2,956.70 | 2,997.88 | 215.86 | 770.30 | 230.30 | 1,669.79 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet working capital requirements, and
- General corporate expenses.
Pentagon Rubber IPO Prospectus
Company Contact Information
Pentagon Rubber Limited
Gulabgarh Road, Village Behra Dist.
S.A.S. Nagar, Derabassi,
Mohali – 140507
Phone: +91-9816610646
Email: corporate@pentagonrubber.com
Website: https://pentagonrubber.com/
Pentagon Rubber IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pentagonrubber.ipo@linkintime.co.in
Website: https://linkintime.co.in/