Pentagon Rubber Limited IPO Detail
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.
Company Promoters
The promoters of the company are Mr. Anil Jain, Mr. Lalit Jain, Mr. Ashish Jain, and Mr. Saurabh Jain.IPO Details
| IPO Opening Date | Jun 26, 2023 |
| IPO Closing Date | Jun 30, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹65 - 70 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹16.17 Cr |
| Fresh Issue | 2,310,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | - |
| Retail Portion | 35.00% |
IPO Tentative Timetable
The Pentagon Rubber Limited IPO open date is Jun 26, 2023, and the close date is Jun 30, 2023. The issue may list on Jul 10, 2023.
| IPO Open Date | Jun 26, 2023 |
| IPO Close Date | Jun 30, 2023 |
| Basis of Allotment Date | Jul 05, 2023 |
| Initiation of Refunds | Jul 06, 2023 |
| Credit of Shares to Demat Account | Jul 07, 2023 |
| IPO Listing Date | Jul 10, 2023 |
IPO Lot Size
The Pentagon Rubber Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140000 |
| Maximum | 1 | 2000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70.04% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 2802.18 | 3511.59 | 308.66 |
| 31-Dec-22 | 2956.70 | 2997.88 | 215.86 |
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 Limited IPO Registrar:
Link Intime India Private Ltd
Pentagon Rubber Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Pentagon Rubber Limited
Gulabgarh Road, Village Behra Dist. S.A.S. Nagar, Derabassi
Mohali
Mohali
