Bookbuilding IPO | ₹16 Cr | Listed at NSE SME | Mon, Jun 26, 2023 - Fri, Jun 30, 2023
Pentagon Rubber IPO is a book build issue of ₹16.17 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹16.17 crore.
Pentagon Rubber IPO bidding started from Jun 26, 2023 and ended on Jun 30, 2023. The allotment for Pentagon Rubber IPO was finalized on Jul 5, 2023. The shares got listed on NSE SME on Jul 7, 2023.
Pentagon Rubber IPO price band is set at ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Pentagon Rubber IPO RHP for detailed Information.
IPO Open
Mon, Jun 26, 2023
IPO Close
Fri, Jun 30, 2023
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹53.97 Cr
| IPO Date | 26 to 30 Jun, 2023 |
| Listed on | Fri, Jul 7, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 23,10,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,16,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.8120 Cr) |
| Fresh Issue (Ex Market Maker) | 21,94,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 21,94,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 54,00,000 shares |
| Share Holding Post Issue | 77,10,000 shares |
| NSE Symbol | PENTAGON |
| ISIN | INE0ORS01017 |
Pentagon Rubber IPO comprises a total issue size of 23,10,000 shares. The net offer to the public is 21,94,000 shares, after excluding 1,16,000 shares allotted on a firm basis. Of the Net offer 10,94,000 (49.86%) are allocated to QIB, 3,30,000 (15.04%) allocated to NII 7,70,000 (35.10%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 10,94,000 | 49.86% | 47.36% |
| − Anchor Investor Shares Offered | 6,56,000 | 28.40% | |
| − QIB (Ex. Anchor) Shares Offered | 4,38,000 | 18.96% | |
| NII (HNI) Shares Offered | 3,30,000 | 15.04% | 14.29% |
| Retail Shares Offered | 7,70,000 | 35.10% | 33.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,16,000 | 5.02% | |
| Total Shares Offered | 23,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Pentagon Rubber IPO raises ₹4.59 crore from anchor investors. Pentagon Rubber IPO Anchor bid date is June 23, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jun 23, 2023 |
| Shares Offered | 6,56,000 |
| Anchor Portion (₹ Cr.) | 4.59 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 4, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 3, 2023 |
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 | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 29.57 | 28.02 | 25.89 | 21.33 |
| Total Income | 29.98 | 35.12 | 23.20 | 19.39 |
| Profit After Tax | 2.16 | 3.09 | 1.10 | 0.94 |
| NET Worth | 7.70 | 5.54 | 2.46 | 1.35 |
| Reserves and Surplus | 2.30 | 1.54 | -1.54 | -2.65 |
| Total Borrowing | 16.70 | 17.59 | 16.49 | 12.45 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 12.00 |
| 2 | General Corporate Purpose | 2.62 |
| KPI | |
|---|---|
| ROE | 32.59% |
| ROCE | 27.16% |
| Debt/Equity | 2.17 |
| RoNW | 55.67% |
| PAT Margin | 8.80% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.83 | |
| P/E (x) | 18.76 | |
| Promoter Holding | 100% | 70.04% |
| Market Cap | ₹53.97 Cr. |
The Pentagon Rubber IPO is subscribed 106.2 times on June 30, 2023 7:29:00 PM (Day 4). The public issue subscribed 130.7 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 27.62 | 4,38,000 | 1,20,98,000 |
| NII* | 153.33 | 3,30,000 | 5,06,00,000 |
| Retail | 130.7 | 7,70,000 | 10,06,36,000 |
| Total | 106.2 | 15,38,000 | 16,33,34,000 |
Total Application : 50,318
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 0.23 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and Marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 1.22 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹130.00 |
| Low | ₹123.50 |
| High | ₹130.00 |
| Last Trade | ₹123.50 |
Lead Manager Reports
Pentagon Rubber IPO is a SME IPO of 23,10,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jun 26, 2023, and closes on Fri, Jun 30, 2023.
MUFG Intime India Pvt.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 Mon, Jun 26, 2023 and closes on Fri, Jun 30, 2023.
Pentagon Rubber IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Pentagon Rubber IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Jul 7, 2023. Check the Pentagon Rubber IPO allotment status.
The Pentagon Rubber IPO listing date is on Fri, Jul 7, 2023.
