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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 ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,30,000 (2000 shares). The minimum lot size investment for 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 Date | June 26, 2023 to June 30, 2023 |
| Listing Date | July 7, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹65 to ₹70 per share |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,10,000 shares (aggregating up to ₹16.17 Cr) |
| Reserved for Market Maker | 1,16,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹0.8120 Cr) |
| Net Offered to Public | 21,94,000 shares (aggregating up to ₹15.36 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 54,00,000 shares |
| Share Holding Post Issue | 77,10,000 shares |
Pentagon Rubber IPO offers total 23,10,000 shares. Out of which 10,94,000 (47.36%) allocated to QIB, 4,38,000 (18.96%) allocated to QIB, 3,30,000 (14.29%) allocated to NII, 7,70,000 (33.33%) allocated to RII and 6,56,000 (28.40%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,16,000 (5.02%) |
| QIB Shares Offered | 10,94,000 (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 (14.29%) |
| Retail Shares Offered | 7,70,000 (33.33%) |
| Total Shares Offered | 23,10,000 (100.00%) |
Pentagon Rubber IPO raises ₹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 | 6,56,000 |
| 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 | Mon, Jun 26, 2023 |
| IPO Close Date | Fri, Jun 30, 2023 |
| Tentative Allotment | Wed, Jul 5, 2023 |
| Initiation of Refunds | Thu, Jul 6, 2023 |
| Credit of Shares to Demat | Fri, Jul 7, 2023 |
| Tentative Listing Date | Fri, Jul 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 30, 2023 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹53.97 Cr.
| KPI | Values |
|---|---|
| ROE | 32.59% |
| ROCE | 27.16% |
| Debt/Equity | 2.17 |
| RoNW | 55.67% |
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...
| Listing Date | July 7, 2023 |
| BSE Script Code | |
| NSE Symbol | PENTAGON |
| ISIN | INE0ORS01017 |
| Final Issue Price | ₹70 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹130.00 |
| Low | ₹123.50 |
| High | ₹130.00 |
| Last Trade | ₹123.50 |
Pentagon Rubber Ltd.
Gulabgarh Road, Village Behra Dist.
S.A.S. Nagar,
Derabassi,
Mohali, Punjab, 140507
Phone: +91-9816610646
Email: corporate@pentagonrubber.com
Website: https://pentagonrubber.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: pentagonrubber.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Pentagon Rubber IPO is a SME IPO of 23,10,000 equity shares of the face value of ₹10 aggregating up to ₹16.17 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on June 26, 2023, and closes on June 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 June 26, 2023 and closes on June 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 Friday, July 7, 2023. Check the Pentagon Rubber IPO allotment status.
The Pentagon Rubber IPO listing date is on Friday, July 7, 2023.
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