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Pentagon Rubber IPO is a book built issue of Rs 16.17 crores. The issue is entirely a fresh issue of 23.1 lakh shares.
Pentagon Rubber IPO bidding started from June 26, 2023 and ended on June 30, 2023. The allotment for Pentagon Rubber IPO was finalized on Wednesday, July 5, 2023. The shares got listed on NSE SME on July 7, 2023.
Pentagon Rubber IPO price band is set at ₹65 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Pentagon Rubber IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Pentagon Rubber IPO is Sunflower Broking.
Refer to Pentagon Rubber IPO RHP for detailed information.
| IPO Date | June 26, 2023 to June 30, 2023 |
| Listing Date | July 7, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹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 ₹16.17 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 offers 2,310,000 shares. 438,000 (18.96%) to QIB, 330,000 (14.29%) to NII, 770,000 (33.33%) to RII 656,000 (28.40%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 656,000 (28.40%) |
| Market Maker Shares Offered | 116,000 (5.02%) |
| QIB Shares Offered | 438,000 (18.96%) |
| NII (HNI) Shares Offered | 330,000 (14.29%) |
| Retail Shares Offered | 770,000 (33.33%) |
| Total Shares Offered | 2,310,000 (100%) |
Pentagon Rubber IPO raises Rs 4.59 crore from anchor investors. Pentagon Rubber IPO Anchor bid date is June 23, 2023. Pentagon Rubber IPO Anchor Investors list
| Bid Date | June 23, 2023 |
| Shares Offered | 656,000 |
| Anchor Portion Size (In Cr.) | 4.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 4, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 3, 2023 |
Pentagon Rubber IPO opens on June 26, 2023, and closes on June 30, 2023.
| IPO Open Date | Monday, June 26, 2023 |
| IPO Close Date | Friday, June 30, 2023 |
| Basis of Allotment | Wednesday, July 5, 2023 |
| Initiation of Refunds | Thursday, July 6, 2023 |
| Credit of Shares to Demat | Friday, July 7, 2023 |
| Listing Date | Friday, July 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 30, 2023 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 | |||
The promoters of the company are Mr. Anil Jain, Mr. Lalit Jain, Mr. Ashish Jain, and Mr. Saurabh Jain.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 70.04% |
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.
| 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 | ||||||
The market capitalization of Pentagon Rubber IPO is Rs 53.97 Cr.
| KPI | Values |
|---|---|
| ROE | 32.59% |
| ROCE | 27.16% |
| Debt/Equity | 2.17 |
| RoNW | 55.67% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.83 | |
| P/E (x) | 18.76 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players. The sudden boost in its bottom line for FY22 onwards raises eyebrows and concern over sustainability in the future. Based on such super earnings, the issue appears fully priced. The small equity capital post-IPO indicates longer gestation period for migration to the mainboard. Well-informed/cash surplus risk seekers may apply in this fully priced IPO. Read detail review...
The Pentagon Rubber IPO is subscribed 106.20 times on June 30, 2023 7:29:00 PM. The public issue subscribed 130.70 times in the retail category, 27.62 times in the QIB category, and 153.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 27.62 |
| NII | 153.33 |
| Retail | 130.70 |
| Total | 106.20 |
Total Application : 50,318 (130.70 times)
| Listing Date | July 7, 2023 |
| BSE Script Code | |
| NSE Symbol | PENTAGON |
| ISIN | INE0ORS01017 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹70.00 |
| ₹130.00 |
| ₹123.50 |
| ₹130.00 |
| ₹123.50 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pentagonrubber.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Check our SME IPO Guide 
Pentagon Rubber IPO is a SME IPO of 2,310,000 equity shares of the face value of ₹10 aggregating up to ₹16.17 Crores. The issue is priced at ₹65 to ₹70 per share. The minimum order quantity is 2000 Shares.
The IPO opens on June 26, 2023, and closes on June 30, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pentagon Rubber IPO using UPI as a payment gateway. Zerodha customers can apply in Pentagon Rubber IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pentagon Rubber IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pentagon Rubber IPO opens on June 26, 2023 and closes on June 30, 2023.
Pentagon Rubber IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
You can apply in Pentagon Rubber IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Pentagon Rubber IPO will be done on Wednesday, July 5, 2023, and the allotted shares will be credited to your demat account by Friday, July 7, 2023. Check the Pentagon Rubber IPO allotment status.
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