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Pentagon Rubber IPO

Pentagon Rubber IPO

  • Status: Closed
  • RHP:
  • ₹ 130,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    26 Jun 2023

  • Close Date

    30 Jun 2023

  • IPO Price Range

    ₹ 65 to ₹ 70

  • IPO Size

    ₹ 16.17 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    10 Jul 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Pentagon Rubber IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Pentagon Rubber Limited manufactures Rubber Conveyor belts, Transmission belts, Rubber Sheets, and Elevator belts its IPO opens on 26th June and closes on 30th June.

The issue consists of a total issue of 2,310,000 shares (aggregating up to ₹16.17 Cr). The price band for the issue is fixed at Rs. 65 to Rs. 70 per share. The lot size is set for 2000 shares per lot. The shares will be allotted on 5th July and the issue will be listed on the 10th July on the stock exchanges.

The book-running lead manager to the offer is Beeline Capital Advisors Pvt Ltd

Objectives of Pentagon Rubber IPO:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1.    To meet working capital requirements, and
2.    General corporate expenses.
 

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.

Peer Comparison
●    Somi Conveyor Beltings Limited
●    International Conveyors Limited

For More Information:
Webstory on Pentagon Rubber IPO
Pentagon Rubber IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 3502.65 2316.39 1933.03
EBITDA 421.30 230.07 205.73
PAT 308.66 110.30 93.81
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 2,802.18 2,588.99 2,132.82
Share Capital 400 400 400
Total Borrowings 1758.61 1649.42 1244.86
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 18.75 (295.84) 157.58
Net cash from / (used in) investing activities (26.76) (37.13) (72.16)
Net cash flow from / (used in) financing activities 36.19 330.13 (83.50)
Net increase (decrease) in cash and cash equivalents 28.18 (2.85) 1.93


Peer Comparison

There are no listed companies in India that engage in a business similar to that of this company


Strengths

1. Quality Assurance and Quality Control of Products
2. Customer satisfaction and revenues from long standing customer relationships
3. Scalable Business Model 
 

Risks

1. Intense competition in the market conveyor Rubber Belting Industry could affect pricing, which could reduce the share of business from clients and decrease revenues and profitability.
2. The company doesn’t have long-term agreements with most of its suppliers or customers and the loss of one or more of them or a reduction in their demand for the products could adversely affect the business, results of operations, financial condition, and cash flows.
3. There are outstanding legal proceedings involving the Company. Any adverse decision in such proceedings may have a material adverse effect on the business, results of operations, and financial condition
 

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FAQs

The minimum lot size of Pentagon Rubber IPO is 2000 shares.

The price band of the Pentagon Rubber IPO is Rs.65- Rs. 70 per share. 

The Pentagon Rubber IPO opens on June 26, 2023 and closes on June 30, 2023

The Pentagon Rubber IPO comprises a total issue of 2,310,000 shares (aggregating up to ₹16.17 Cr)

The allotment date of Pentagon Rubber IPO is 5th July 2023

The listing date of Pentagon Rubber IPO is 10th July 2023

Beeline Capital Advisors Pvt Ltd is the book runner of Pentagon Rubber IPO.

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1.    To meet working capital requirements, and
2.    General corporate expenses.
 

To apply for the Pentagon Rubber IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and price at which you wish to apply for     
●    Enter your UPI ID and click on submit. With this, your bid will be placed     with the exchange    
●    You will receive a mandate notification to block funds in your UPI app