Pentagon Rubber IPO is an SME IPO, Pentagon Rubber IPO Subscription starts from 26th June 2023, Pentagon Rubber IPO price band is set to ₹65 to ₹70 per share. Pentagon Rubber IPO will be listed on NSE.
About Pentagon Rubber Limited (Pentagon Rubber IPO).
Pentagon Rubber Limited has been manufacturing conveyor belts, transmission belts, and rubber sheets and exporting it to all over the world since 1969. Pentagon Rubber Limited is one of the biggest producers of rubber conveyor belts in India. Pentagon Rubber Limited products are constantly upgraded and evolving, utilizing the most latest innovations in raw materials.
More than forty prestigious awards have been won by Pentagon Rubber Limited, including the TOP Export Award, the UDYOG RATTAN Award from the President of India, and a variety of Special Export and Domestic Excellence Awards. Pentagon Rubber Limited is an ISO 9001:2015 company whose goods are known for being of high quality, safe, and long-lasting.
Pentagon Rubber Limited Customer List (Pentagon Rubber IPO).
Below is the Pentagon Rubber Limited Customer List.
Pentagon Rubber Limited Products (Pentagon Rubber IPO).
1. General Purpose Belts
Since decades ago, conveyor belts and systems have contributed to the global manufacturing sector’s prosperity and expansion. The purpose of these belts is to transport goods from A to B.
2. Super Abrasion Resistant
The purpose of Super Abrasion Resistant is to provide superior cover protection for the conveyed highly abrasive materials. Steel, non-ferrous metal plants, cement plants, thermal power plants, quarrying and aggregate processing, and a number of other industrial applications make extensive use of these belts.
3. Elevator Belts
They are used upside down to support the weight of buckets that are bolted to the surface of these belts and are narrower in width and have additional plies. These belts are frequently used in the rice industry to transport rice from one location to another and even to silos where it is stored.
4. Heat Resistant
Heat Resistant Conveyor Belts are designed to resist hot, high-temperature materials like pellets, cement, sinter, powder, chemicals, and fertilizers. These belts’ cover rubber is made specifically to protect the belt carcass from heat transfer and to improve tensile strength and abrasion resistance to extend the belt’s lifespan.
5. Fire Resistant
For the sake of safety, Fire Resistant Conveyor Belts for Surface Applications are used to convey coal in places like open cast coal mines and thermal power plants. Due to their self-extinguishing covers, they prevent fire from spreading far during material transportation in the mining process.
6. Oil Resistant
Oil Resistant Conveyor Belts are designed to protect conveyed materials containing grease, oils, and fats from damage. These belts are unaffected by fat and oil, which could cause them to change by swelling and causing issues with operation. Pentagon Rubber Limited produces a variety of OR (oil resistance) belts for different industries.
7. Pipe Conveyor Belts
The belt opens when it is loaded or unloaded. Even when bulk solids are conveyed in horizontal or vertical curves, the system remains dust-tight and closed.
8. Chevron Conveyors
Up to a maximum of 22 degrees of inclination, packed and unpacked material can be conveyed using conveyor belts. Chevron and High-Chevron conveyor belts have been developed by our professionals with superior performance and quality for this purpose.
9. Rubber Sheets
Natural, SBR, Nitrile, Neoprene, Butyl, and EPDM rubber sheets are available in a variety of elastomer types, dimensions, and hardness grades for industrial applications, with widths up to 1600 millimeters.
Objects of the Pentagon Rubber IPO Issue.
Pentagon Rubber Limited intends to use the issue’s net funds to finance the below things.
- Pay for general corporate expenses and working capital requirements.
Pentagon Rubber IPO Details.
| IPO Date | Jun 26, 2023 to Jun 30, 2023 |
| Face Value | ₹10 per share |
| Price | ₹65 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,310,000 shares (aggregating up to ₹16.17 Cr) |
| Fresh Issue | 23,10,000 shares |
| Issue Type | Book Built Issue IPO |
| Listing | NSE |
| Market Maker portion | 1,16,000 shares |
Pentagon Rubber IPO Timetable (Tentative).
| Opening Date | Monday, 26 June 2023 |
| Closing Date | Friday, 30 June 2023 |
| Basis of Allotment | Wednesday, 5 July 2023 |
| Initiation of Refunds | Thursday, 6 July 2023 |
| Credit of Shares to Demat | Friday, 7 July 2023 |
| Listing Date | Monday, 10 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 30, 2023 |
Pentagon Rubber IPO Lot Size.
The lot size of Pentagon Rubber IPO is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
Pentagon Rubber IPO Reservation.
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Pentagon Rubber IPO Promoter Holding.
The Pentagon Rubber Limited promoters are;
- Mr. Anil Jain
- Mr. Lalit Jain
- Mr. Ashish Jain
- Mr. Saurabh Jain.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70.04% |
Pentagon Rubber Limited Financial Details.
Below are the Pentagon Rubber Limited Financial Details in ₹ Lakhs figure.
| 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 |
Pentagon Rubber Limited Contact Details.
Pentagon Rubber Limited,
Gulabgarh Road, Village Behra Dist. S.A.S. Nagar, Derabassi, Mohali – 140507.
Phone: +91-9816610646
Email: corporate@pentagonrubber.com
Website: https://pentagonrubber.com
Pentagon Rubber IPO Grey Market.
Pentagon Rubber IPO Grey Market Trend Per Day. Data are available till 26-06-2023.
| GMP Date | GMP | S2S | Estimated Listing Price |
|---|---|---|---|
| 26-06-2023 | ₹23 | 10000 | ₹93 (32.86%) |
| 25-06-2023 | ₹19 | 10000 | ₹89 (27.14%) |
| 24-06-2023 | ₹19 | 10000 | ₹89 (27.14%) |
| 23-06-2023 | ₹18 | 10000 | ₹88 (25.71%) |
| 22-06-2023 | ₹11 | 10000 | ₹81 (15.71%) |
| 21-06-2023 | ₹5 | 10000 | ₹75 (7.14%) |
| 20-06-2023 | ₹4 | – | ₹74 (5.71%) |
How To Apply For Pentagon Rubber IPO.
Pentagon Rubber IPO applications can be submitted online with either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking.
For UPI Payment, you can apply for Pentagon Rubber IPO directly from the broker platforms that offer IPO. You can also apply for Pentagon Rubber IPO through the below broker platforms.
Disclaimer: The information in this post is just for entertainment, education, and information purpose and it does not indicate any kind of investment. Please perform your own research or take advice from your fund advisor. The information posted on this page is mentioned based on the data available at the time of writing and the same is believed through this page. However, in case, there is any discrepancy, please reach out to us so that we can edit or take necessary actions.