IPO Details

Bidding Dates

25 Jun '23 - 29 Jun '23

Minimum Investment

₹140,000 / 1 Lots (2000 Shares)

Price Range

₹65 - ₹70

Maximum Investment

₹140,000 / 1 Lots (2000 Shares)

Retail Discount

Not Applicable

Issue Size

₹16.17 Cr

Investor category and sub category

Qualified Institutional Buyers   |   Non-Institutional Investors   |   Retail Individual Investor   |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 25, 2023

IPO Closing Date

Jun 29, 2023

Basis of Allotment

Jul 4, 2023

Initiation of Refunds

Jul 5, 2023

Credit of Shares to Demat Account

Jul 6, 2023

IPO Listing Date

Jul 9, 2023

UPI Mandatory Expiry Date

Jun 29, 2023

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Jun 25, 2023

 4.74 0.84 5.32 4.20

Day 2Jun 26, 2023

 8.28 5.42 20.20 13.64

Day 3Jun 27, 2023

 8.65 12.21 41.15 25.69

Day 4Jun 29, 2023

 10.59 24.68 64.37 40.54

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 10.59
Non-Institutional Buyers 24.68
Retail Investors 64.37
Total 40.54

About Company

Pentagon Rubber Limited, formerly known as Pentagon Rubber Private Limited, is a manufacturing company that was incorporated on April 26, 2004. The company holds the prestigious ISO 9001:2015 certification, which reflects its commitment to quality and excellence.

Pentagon Rubber Limited specialises in the production of Rubber Conveyor Belts, Transmission Belts, Rubber Sheets, and Elevator Belts. Their product range is continuously improved and refined using the latest advancements in raw materials and manufacturing techniques. This dedication to innovation ensures that their products meet the quality standards demanded by various industries.

Pentagon Rubber Limited IPO Details

Pentagon Rubber Limited IPO is a 100% fresh issue of 2,310,000 shares aggregating up to ₹16.17 Cr. The offer has its price band set between ₹65 to ₹70 per share, and the lot size is 2000. The opening date for Pentagon Rubber Limited IPO is Monday, 26 June 2023 and the closing date is Friday, 30 June 2023. The IPO will list on the NSE.

Pentagon Rubber Limited IPO Objective 

The objectives of Pentagon Rubber Limited's IPO are listed below:

  • To meet working capital requirements.
  • General corporate purpose.
  • To meet the issue expenses.

Peer Details

Somi Conveyor Beltings Limited, International Conveyors Limited and Pentagon Rubber Limited are the listed peer companies operating in the same business line.

Pentagon Rubber Ltd Noteworthy highlights

  • The company takes pride in its comprehensive offerings and expertise in serving business-to-business partners. They provide solutions in areas ranging from material handling and ore transportation systems to complete system integration. By maintaining a high-quality product portfolio, Pentagon Rubber Limited has become a trusted supplier to numerous industries.
  • The manufacturing plant of Pentagon Rubber Limited is equipped with state-of-the-art infrastructure and facilities. The facility is managed by a team of experienced professionals who oversee operations to ensure the highest quality standards are met. This investment in top-of-the-line infrastructure has contributed to the company's success in expanding its business both domestically and internationally.
  • The company's commitment to excellence and superior product offerings has been recognised through numerous prestigious awards. Pentagon Rubber Limited has been honoured with accolades such as the Export Merit Award, Special Domestic Sales Award, and Top Domestic Sales Award from the India Rubber Industries Association. These awards serve as a testament to the company's superior product quality and stringent process controls.

Pentagon Rubber Ltd Company Financials

Particulars Dec 31, 2022 ( ₹ lakhs) March 31, 2022 ( ₹ lakhs) March 31, 2021 ( ₹ lakhs)
Revenue from Operations 2996.12 3502.65 2316.39
Profit After Tax (PAT) 215.86 308.66 110.30
PAT Margin 7.20% 8.8% 4.76%
EBITDA 381.05 421.30 230.07
EBITDA Margin 12.72% 12.02% 9.9%

Know before investing

Strengths

2

  1. Pentagon Rubber Limited has the capacity to scale upward, allowing them to undertake aggressive marketing strategies while maintaining superior quality. This flexibility positions them well for growth and expansion.

  2. Pentagon Rubber Limited takes pride in offering superior quality products. The continuous improvement efforts, utilisation of advanced raw materials, and adherence to strict process controls ensure that their products meet the stringent quality benchmarks set by various industries. This commitment to excellence enhances customer satisfaction and fosters trust in the brand.

Risks

2

  1. Intense competition in the conveyor Rubber Belting Industry market could affect Pentagon’s pricing, which could reduce its share of business from clients and decrease the company’s revenues and profitability.

  2. There are outstanding legal proceedings involving the company. Any adverse decision in such proceedings may have a material negative effect on Pentagon’s business, results of operations and financial condition.

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Pentagon Rubber Ltd IPO FAQs

What is Pentagon Rubber Limited's IPO?

The Pentagon Rubber Ltd IPO is a fresh issue IPO of 2,310,000 equity shares of the face value of ₹10 aggregating up to ₹16.17 Crores. The price band is set between ₹65 to ₹70 per share.

When will Pentagon Rubber Limited's IPO allotment be available?

The Basis of Allotment date is Wednesday, 5 July 2023.

What will be Pentagon Rubber Limited's IPO lot size?

The lot size for Pentagon Rubber  Ltd. is 2000.

When will Pentagon Rubber Limited's IPO open for subscription?

The IPO subscription window opens on Monday, 26 June 2023, and closes on Friday, 30 June 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Pentagon Rubber Limited list on exchanges?

Pentagon Rubber  Ltd. IPO will list on the NSE exchange on Monday, 10 July 2023.

How do I check the allotment status of the Pentagon Rubber Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP.
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Pentagon Rubber Limited IPO?

Listing gains cannot be ascertained before listing the IPO on the stock exchange on Monday, 10 July 2023 for Pentagon Rubber Ltd. 

I have finished the application process for the Pentagon Rubber Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Pentagon Rubber Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Pentagon Rubber Limited using one PAN?

You can submit only one application using your PAN card.