Pentech Metals IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Pentech Metals IPO release date, IPO offer price, subscription, Pentech Metals IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Pentech Metals Limited operates as a trader, stockiest and distributor of iron & steel products. Further, they have entered into Bailee agreement with a service provider who manufactures TMT bars for the Company as per requirements of the Customers.
Pentech Metals IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Pentech Metals IPO
Pentech Metals Limited operates as a trader, stockiest and distributor of iron & steel products. Further, they have entered into Bailee agreement with a service provider who manufactures TMT bars for the Company as per requirements of the Customers. Initial public offering of up to 64,40,000 Equity Shares of Rs. 10 each for cash at a price of [●] per share aggregating to [●] lakhs. It consists of Fresh issue of up to 40,40,000 equity shares by the company aggregating to [●] lakhs by the Company as part of the Issue and the offer for sale of 24,00,000 Equity Shares by Mrs. Tina Gandhi, in terms of this Draft Prospectus and Prospectus.
Restated Financial Statements of Recent years:
- In fiscal 2018, the total income increased by Rs. 4,923.18 lacs or 22.33%, from 22,048.88 lacs in fiscal 2017 to Rs. 26,972.06 lacs in fiscal 2018. In fiscal 2017, the total income decreased by Rs. 25,052 lacs or 53.19%, from Rs. 47,100.88 lacs in fiscal 2016 to Rs. 22,048.78 lacs in fiscal 2017. The decrease in income during this fiscal was due to slow down in the Indian Steel Industry which dipped the demand for the products like cold rolled sheets and coils, hot rolled sheets and M S Angle.
- The net asset value per Equity Share was Rs. 10.90 and Rs. 10.63 as of Sept 30, 2018 and March 31, 2018, respectively, as per the Restated Financial Statements.
- The net worth of the company is Rs. 2179.54 lakhs as on Sept 30, 2018 and Rs. 2126.35 lakhs as on March 31st, 2018.
- The profit after tax was Rs. 19.48 Lakhs for FY 2015-16 and Rs. 31.40 Lakhs for FY 2016-17, Rs. 62.78 lakhs for FY 2017-18 and Rs. 53.20 Lakhs as on September 30, 2018.
The Promoter of this company is Mrs. Tina Gandhi. The lead manager to the issue is Aryaman Financial Services Limited and the Registrar to this issue is Bigshare Services Private Limited.
Open Free* Demat A/C Now! Fill the details below
Pentech Metals IPO Date
The opening and the closing date of Pentech Metals IPO is not known yet.
Pentech Metals IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 | ||||
| Day 2 | ||||
| Day 3 | ||||
| Day 4 | ||||
| Day 5 | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Pentech Metals IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Pentech Metals IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Pentech Metals IPO Equity Share Offering
Upto 64,40,000 Equity Shares of Rs. 10 each for cash at a price of [●] per share aggregating to [●] lakhs.
Pentech Metals Limited – Company Overview
Pentech Metals Limited was incorporated as “Pentech Metals Private Limited” on October 09, 2014 under the Companies Act, 2013 with the Registrar of Companies, Mumbai, Maharashtra. This Company was converted into a public limited company pursuant to a special resolution passed by the Shareholders on January 28, 2019 and the name of the Company was changed to “Pentech Metals Limited”.
Pentech Metals Limited operates as a trader, stockiest and distributor of iron & steel products. Further, they have entered into Bailee agreement with a service provider who manufactures TMT bars for the Company as per requirements of the Customers. They cater majorly to domestic markets. They have relations with dealers, traders and distributors who are well established in steel industry which help them gain long term benefits. They aim to expand the customer base by reaching out to new states and increasing the sales in existing states.
Pentech Metals Products:
Some of the products include Cold Rolled Coil , Colour Coated Coils , Cold Rolled Sheet , Cold Rolled Steel Sheet In Coils , Finished Hot Rolled Plates , Galvanized Corrugated Sheet , Galvanized Sheet , Galvanized Plain Coil , Galvanized Plain Sheet , Galvanized Sheet Galva Coil.
Registered Office:
This Company primarily operates from its Registered Office located at Office No.507, 5th Floor, The Summit Business Bay, Andheri A.K Road, Gondavali, Opp. Cinemax, Andheri; Mumbai – 400093. Further, they also have a godown / storage unit located at Gut no. 154 to 161 and 163 to 165, Wada Shahpur Road, Village Abitgarh, Taluka Wada, District Palghar – 421303.
Competitive Strengths of Pentech Metals Limited :
- Existing Supplier Relationship
- Experienced Management Team
- Existing Client Base
- Strong Balance Sheet and Financial Condition
- Optimal Utilization of Resources
Business strategies of Pentech Metals Limited :
- Better working capital management
- Improving functional efficiency
- Asset light Model
- Leveraging our Market skills and Relationships
- To build-up a professional organization
Pentech Metals Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & lakhs) | ||||
| 30-Sept-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 6,500.17 | 5,836.89 | 6,843.25 | 6,244.86 |
| Total Revenue | 15,208.68 | 26,972.06 | 22,048.88 | 47,100.88 |
| Total Expense | 15,130.82 | 26,875.96 | 22,002.18 | 47,063.81 |
| Profit After Tax | 53.20 | 62.78 | 31.40 | 19.48 |
Earnings per Equity Share (in lakhs)
| 30-Sept-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 0.27 | 0.31 | 0.16 | 0.26 |
From the above statements, one could find that the Pentech Metals Limited may perform well.
Pentech Metals IPO – Promoters
The Promoter of this company is: Mrs. Tina Gandhi
List of Related Parties (Key Managerial Personnel)
- Mr. Kunal Gandhi- Chief Financial Officer (CFO)
- Mr. Nikhil – Chief Financial Officer (CFO)
- Ms. Surabhi Agrawal- Company Secretary & Compliance Officer
Interest in promotion of the Company
Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Pentech Metals IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 64,40,000 Equity Shares of Rs. 10 each for cash at a price of [●] per share aggregating to [●] lakhs. |
| Of which: | |
| Fresh Issue | 40,40,000 Equity Shares of Rs. 10 each for cash at a price of [●] per share aggregating [●] lakhs |
| Offer for Sale | 24,00,000 Equity Shares of Rs.10 each for cash at a price of [●] per share aggregating [●] lakhs |
| Reserved for Market Makers | 3,60,000 Equity Shares of Rs. 10 each for cash at a price of Rs. [●] per share aggregating Rs. [●] lakhs |
| Net Issue to the Public | 60,80,000 Equity Shares of Rs 10 each for cash at a price of [●] per share aggregating [●] lakhs |
| Retail Investors Portion | 30,40,000 Equity Shares of Rs. 10 each at a price of [●] per Equity Share will be available for allocation for Investors of up to Rs. 2.00 lakhs |
| Non-Retail Investors Portion | 30,40,000 Equity Shares of Rs. 10 each at a price of [●] per Equity Share will be available for allocation for Investors of above Rs. 2.00 lakhs |
| Equity Shares outstanding prior to the Issue | 2,00,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | Upto 2,40,40,000 Equity Shares |
Pentech Metals IPO Issue Object
These are the IPO Issue Objects of the company
- Funding the Working Capital requirements of the Company:
- Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
- General Corporate Purposes
Pentech Metals IPO – Basis of the 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:
- Existing Supplier Relationship
- Experienced Management Team
- Existing Client Base
- Strong Balance Sheet and Financial Condition
- Optimal Utilization of Resources
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW in % | NAV (Rs.) | |
| 31-Mar-16 | 0.26 | – | – |
| 31-Mar-17 | 0.16 | – | – |
| 31-Mar-18 | 0.31 | 2.95 |
10.63 |
- Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. 10 each
| Particulars | P/E ratio |
| Highest | 24.5 |
| Average | 8.00 |
| Lowest | 2.3 |
- Competitive Peers:
| Sr. No. | Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio | RONW (%) | NAV (In Rs.) |
| 1 | Kanishk Steel Industries Limited | 10 | 0.58 | 17.84 | 3.35 | 16.58 |
| 2 | Prakash Industries Limited | 10 | 23.05 | 7.34 | 4.89 | 165.40 |
| 3 | Kamdhenu Limted | 10 | 6.69 | 36.20 | 10.91 | 61.37 |
| 4 | Pentech Metals Limited | 10 | 0.31 | [●] | 2.95 | 10.63 |
List of Other IPOs
| Fine Organic IPO | IndoStar Capital IPO | Capricorn Food Products IPO |
| Nazara Technologies IPO | Genius Consultants IPO | Rail Vikas Nigam IPO |
Pentech Metals IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001 Tel No.: +91 22 6216 6999; Fax No.: +91 22 2263 0434 Email: ipo@afsl.co.in; Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Ms. Namrata Ravasia / Mr. Linesh Pobaru SEBI Registration No. INM000011344 |
Pentech Metals IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299; Email: ipo@bigshareonline.com; Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com; Contact Person: Mr. Babu Rapheal SEBI Registration No.: INR000001385 |
Other Details:
- Statutory Auditor – M/s. V. J. Shah & Co., Chartered Accountants
- Peer Review Auditor -M/s. V. J. Shah & Co., Chartered Accountants
- Bankers to the Company –N.A.
Pentech Metals IPO Review by Top 10 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 |
Pentech Metals IPO Grey Market Premium
The Pentech Metals IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Open Free* Demat A/C Now! Fill the details below
Pentech Metals IPO News
News 1 – IPO ISSUE OPENS SOON [Download Prospectus]
Market Guide
Featured Topics