Pentagon Rubber Limited IPO Message Board (Page 5)

Hi All, First time trying to applying in SME ipo. Anything i need to know before going ahead? is the process same as we do in other ipo through asba?

Yes

Applied 1 retail

Subject to 40k

Will be subscribed around 40-50× in retail and HNI.

No funds left

Owner of market maker has been debarred by SEBI recently in the order for pump and dump of 4 companies.. Maurya udyog, 7nr retail ....

Which are the other 2 companies ? Thanks

After looking at this beeline of ipos I am in no doubt that this is best muhrat for fund raising. As investor we should leave at least two sme without hesitation (think of listing also) Apply only in strong and reasonable priced stocks, as weather may change from next week and all will be sellers. Dont be FOMO

4 running and 5 coming SMEs. Waiting for the result of one tomorrow. Why promoters as in such a hurry with issues and not allowing the investors to breathe and think for some time. In such a rush investors with free flow of funds are not likely to think more and will apply in each every SMEs irrespective of valuation and other factors. So, the work of promoters done. No doubt one or two will give good returns also. Main line IPOs are also in this race.
The investors need to take proper decision for their investment. Refunds will also be available for next issue in some cases.
Small investors with limited funds may please be cautious and take decision with mind and not with heart. Wishing you all the best.

Sub to for Pentagon 45000

Rubber chemicals business is 35% of sales however prospectus is silent on whether it is trading or manufacturing business, what are the names of these chemicals, who are the vendors and customers, what are the ebidta margins etc.
Rubber belting segment revenue in 22-23 is Rs 26 cr on annualized basis which is flat compared to Rs 25.81 cr revenue.
Capacity utilization hovers around 40 to 60 % in last 3 years.
Based on working capital projections, 23-24 revenue is estimated at Rs 70 cr and CCC of 191 days
Accumulated depreciation (Rs 4.6 cr) is 85% of gross book value of plant & machinery (Rs 5.3 cr) as on 31-dec-22 indicating the age and remaining useful life of machines.
Out of total assets of Rs 29.56 cr, tangible assets are Rs 2.04 cr only
Directors have provided interest free unsecured loan of Rs 7.93 cr to the company

@YBPK I liked your post, very informative. Thanks.

Pentagon subject to 25000

34000k

Hi, how to sell in gray market ..I have 3 applications

pentagon sub2 22000

IPO GMP - 21/06/23
Pentagon Rubber - 5/- Share(7%)

Seems underdog in midst of other glamorous ipo
Would be applying here along with Essen.

Subject to 30k

Pentagon sub to 11,000/- Buying!!

revenue and profit growth seems ok.
the last few ipo brought by this LM has given good returns after the listing in short term.

Go by company fundamental not by LM, now a days LM making valuation Sky high to fill thier own pocket

expensive
also pinjabi promoters

bttr stay away go green and essen

Is there some wrong with Punjab promoters or Punjab companies?Can I invent in Punjab promoter companies ?

*Pentagon Rubber*

Price : *₹65 to ₹70*

*2000 lot*

Hem lovers 🤩🤩

Not encouraging financial data to me atleast irrespective of what rate comes

Seems companies are taking advantage of market uptrend and rushing with ipos of mainboard(will be flushed with ipos soon) and sme ipos . We investors have to be careful in investing. Go with fundamentals and good Lm