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Pentagon Rubber Limited IPO : Key Highlights

Pentagon Rubber Limited IPO is set to launch on 26 June, 2023. The company initiated its business operations in 2004. It is involved in manufacturing of transmission belts, conveyor rubber belts, Rubber sheets, Elevator belts etc. Its manufacturing unit is located at Punjab Its conveyor belting presses is one of longest in India with a 21 mtr. Stroke. Its manufacturing unit has a land area of more than 300 sq km. It has a modern laboratory that has the capacity to produce belts with different grades and standards. They are CAN, DIN, IS. BS, ISO, GOST, AS, SABS etc.

Pentagon Rubber Limited IPO DETAILS

Pentagon Rubber Limited IPO is set to launch on 26 June, 2023. The subscription timeline extends till 30 June, 2023. The size for the IPO is 16.17 Crore Rs. Shares issued through fresh issue mode are worth 16.17 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 65 to 70 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of Pentagon Rubber Limited IPO

IPO OPENING DATE	26 June, 2023
CLOSING DATE FOR IPO	30 June, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	65 Rs to 70 per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	16.17 Crore Rs.
OFFER FOR SALE	No shares offered through offer for sale mode
FRESH ISSUE	16.17 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	10 July, 2023

Pentagon Rubber Limited IPO : IMPORTANT DATES

IPO OPENING DATE	26 June, 2023
CLOSING DATE FOR IPO	30 June, 2023
IPO ALLOTMENT DATE	5 July, 2023
REFUNDS	6 July, 2023
DEMAT A/C CREDITED ON	7 July, 2023
IPO LISTING DATE	10 July, 2023

Pentagon Rubber Limited IPO begins for subscription from 26 June, 2023. The IPO subscription would continue till 30 June, 2023. The allotment status for the shareholders who applied would come on 5 July, 2023. The refunds for the ones who did not get allotment would be initiated on 6 July, 2023. The DEMAT accounts of shareholders would be credited on 7 July, 2023. The listing of the company would be completed on 10 July, 2023.

Pentagon Rubber Limited IPO : Lead Managers

The lead managers are :

Beeline Capital Advisors Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	140000 Rs.
Maximum	4000 shares	280000 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	2132	2588	2802
Revenue	1939	2319	3511
PAT	93	110	309

Pentagon Rubber Limited had an asset base of 2132 Lakh Rs in 2020. This increased to 2588 Lakh Rs in 2021 and 2802 Lakh Rs in 2022. The revenue of the firm has almost doubled in 3 years. The revenue was 1939 Lakh Rs in 2020 which increased to 2319 Lakh Rs in 2021 and 3511 Lakh Rs in 2022. The profits of the firm have been growing at a vast length within 3 years. The profit of the firm was 93 Lakh Rs in 2020 which went on to 110 Lakh rs in 2021. This went on to a mighty 309 Lakh Rs in 2022.

PROS

Its manufacturing unit is located at Punjab Its conveyor belting presses is one of longest in India with a 21 mtr. Stroke.
Its manufacturing unit has a land area of more than 300 sq km.
The company has a modern laboratory that has the capacity to produce belts with different grades and standards. They are CAN, DIN, IS. BS, ISO, GOST, AS, SABS etc.

CONS

The company works into a very competitive segment.

Pentagon Rubber Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the Pentagon Rubber Limited IPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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