Pentagon Rubber IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jun 30, 2023Let’s have a detailed review of the company and analytics of the Pentagon Rubber IPO release date, IPO offer price, subscription, Pentagon Rubber Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 65 to Rs 70 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | 10 July 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 1,617 Lakh |
| Tick Size | 1 |
Pentagon Rubber IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Pentagon Rubber Share Price |
Pentagon Rubber IPO – Summary
Their Company was initially incorporated on April 26, 2004, as “Pentagon Rubber Private Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, Punjab, H.P.& Chandigarh.
Subsequently, their Company was converted into Public Limited Company and the name of the company was changed from “Pentagon Rubber Private Limited” to “Pentagon Rubber Limited” vide a fresh certificate of incorporation dated December 28, 2022, issued by the Registrar of Companies, Chandigarh.
The Promoter of this company is MR. ASHISH JAIN, MR. ANIL JAIN, MR. SAURABH JAIN AND MR. LALIT JAIN. The lead manager of the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is LINK INTIME INDIA PRIVATE LIMITED.
Pentagon Rubber IPO Date
The opening and closing dates of the Pentagon Rubber IPO are 26 June 2023 and 30 June 2023 respectively.
Pentagon Rubber IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 26th Jun | 4.74x | 0.84x | 5.34x | 4.20x |
| 2nd Day – 27th Jun | 8.28x | 5.42x | 20.20x | 13.64x |
| 3rd Day – 28th Jun | 8.65x | 12.21x | 41.15x | 25.69x |
| 4th Day – 30th Jun | 27.62x | 153.33x | 130.70x | 106.20x |
| Shares Offered or Net Issue | 438,000 | 330,000 | 770,000 | 2,310,000 |
The shares subscribed by the public will be updated here.
Pentagon Rubber IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Pentagon Rubber Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 5 July 2023 |
| Refunds Initiation | 6 July 2023 |
| Credit of Shares to Demat Account | 7 July 2023 |
| Share Listing Date | 10 July 2023 |
Pentagon Rubber IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 65 to Rs 70
Pentagon Rubber IPO Equity Size
This Initial Public Issue of 2,310,000 Equity Shares of Rs.10 each for cash at a price of Rs 65 to Rs 70 per equity share aggregating to Rs.1,617 Lakh.
Pentagon Rubber IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,310,000 Equity Shares of Rs.10/ each.
Issue Size: 2,310,000 Equity Shares of Rs.10 each, aggregating to Rs.1,617 Lakh
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Pentagon Rubber IPO – Live Performance
The listing date of this IPO is 10 July 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Pentagon Rubber Share Price |
Pentagon Rubber IPO Grey Market Premium
The Pentagon Rubber Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Pentagon Rubber IPO – Company Overview
Their products are ever-evolving & continually perfected using the latest developments in raw materials. Their competence and expertise to Business-to-Business partners in a number of areas.
This is carried from their material handling and ore transportation systems across to complete system integration, and they offer their products which meet the quality benchmark of various industries.
They have set up their manufacturing plant and managed under the able guidance of a pool of seasoned professionals, the organisation has installed the best quality infrastructure and facilities.
With a wide-spread network of stockiest and importers, they have expanded their business relations across boundaries having earned a good clientele in many countries. Their manufacturing plant is managed by a team of experienced professionals. They have invested in top-of-the-line infrastructure and facilities to ensure the highest quality products.
Pentagon Rubber IPO – Financial Statements
A quick look into the past financial performance of the company to understand its version of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 2,956.70 | 2802.18 | 2588.99 | 2132.82 |
| *Total Revenue | 2997.88 | 3511.59 | 2319.69 | 1939.25 |
| Total Expense | 2684.91 | 3195.59 | 2211.80 | 1840.01 |
| Profit After Tax | 215.86 | 308.66 | 110.30 | 93.81 |
Earnings per Equity Share (in Lakh)
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 4.00 | 5.72 | 2.04 | 1.74 |
Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 215.86 Lakh, Rs. 308.66 Lakh, Rs. 110.30 Lakh and Rs. 93.81 Lakh respectively.
Pentagon Rubber IPO – Promoters
The Promoter of this company is:
- MR. ASHISH JAIN,
- MR. ANIL JAIN,
- MR. SAURABH JAIN
- MR. LALIT JAIN
List of Related Parties (Key Managerial Personnel)
- Ashish Jain, Chairman cum Managing Director
- Anil Jain, Whole-Time Director
- Saurabh Jain, Whole-Time Director
- Lalit Jain, Non-Executive Director
- Manish Verma, Independent Director
Pentagon Rubber IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post-Issue Share Holding – 70.04%
Pentagon Rubber IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 23,10,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,16,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 21,94,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 7,70,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,30,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 54,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 77,10,000 Equity Shares |
Pentagon Rubber IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Pentagon Rubber IPO – Business Strategy
- Leveraging their Market Skills and Relationships
- Optimal Utilization of Resources
- Improving operational efficiencies
- To Build Up a Professional Organization
- Expansion of Business
Pentagon Rubber IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Leveraging the experience of their Promoter
- Existing client relationship
- Quality Assurance and Quality Control of their Products
- Customer satisfaction and revenues from long-standing customer relationships
- Scalable Business Model
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 5.72 | 55.67 | 13.86 |
| 31-Mar-21 | 2.04 | 44.88 | 6.14 |
| Mar-20 | 1.74 | 69.24 | 3.39 |
Pentagon Rubber IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per Share (Rs.) |
|
| Pentagon Rubber Limited | 10 | [●] | 5.72 | 55.67% | 13.86 |
| Listed Peers | |||||
| Somi Conveyor Beltings Limited | 10 | 25.51 | 1.46 | 2.67% | 54.52 |
| International Conveyors Limited | 10 | 23.39 | 2.31 | 6.84% | 338.06 |
Pentagon Rubber IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad -380009, Gujarat. Tel. No.: +91-79-48405357, 48406357 Email: mb@beelinemb.com Website: www.beelinemb.com Investor Grievance Email: ig@beelinemb.com Contact Person: Mr Nikhil Shah SEBI Registration No.: INM000012917 |
Pentagon Rubber IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1 Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai- 400083, Maharashtra, India Tel. No.: +91-8108114949 Fax No.: +91-022-49186195 Email: pentagonrubber.ipo@linkintime.co.in Website: www.linkintime.co.in Investor Grievance Email: pentagonrubber.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Pentagon Rubber IPO – Other Details
- Statutory Auditor – M/s S Jain & Co., Chartered Accountant
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – HDFC BANK LIMITED and AXIS BANK LIMITED
Pentagon Rubber IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Pentagon Rubber Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Pentagon Rubber IPO Review FAQs
Check out various FAQs related to Pentagon Rubber IPO:
What is the Issue Size of Pentagon Rubber IPO?
The Company is making an initial public offer of 2,310,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of the Pentagon Rubber IPO?
The price band for this particular IPO ranges between Rs 65 to Rs 70. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Pentagon Rubber IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 26 June 2023, while the closing date is set at 30 June 2023.
What is the Pentagon Rubber IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 5 July 2023, refund initiation is on 6 July 2023, credit of shares is on 7 July 2023, and share listing date is on 10 July 2023.
What is the Pentagon Rubber IPO Listing Date?
Shares of this company shall be listed in the exchanges on 10 July 2023. The date, when the listing would be done, is stagnant on 10 July 2023.
Who is the Registrar of Pentagon Rubber?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Pentagon Rubber?
Here are the promoters of this IPO – MR. ASHISH JAIN, MR. ANIL JAIN, MR. SAURABH JAIN AND MR. LALIT JAIN. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Pentagon Rubber?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Pentagon Rubber IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of the Pentagon Rubber Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 308.66, 2021 is 110.30, and 2020 is 93.81. PAT from Dec 2022 is 215.86.
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