Pentagon Rubber was established on April 26, 2004. The company specializes in manufacturing rubber conveyor belts, transmission belts, rubber sheets, and elevator belts.
| Bidding Dates |
|---|
| 26 Jun 2023 - 30 Jun 2023 |
| Subscription |
|---|
| 98.82x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,40,000 | 1 | 1 | 2000 | 2.3 M | ₹65 - ₹70 | 70.04 % | ₹150.2 M - ₹161.7 M | RHP DOC |
Pentagon Rubber IPO SUBSCRIPTION STATUS
30 Jun '23Pentagon Rubber IPO overall subscription rate was 98.82 times the total available shares
Pentagon Rubber IPO retail subscription rate was 173.84 times in the retail segment
Pentagon Rubber IPO non-institutional investor subscription rate was 204.42 times in the non-institutional investor category
Pentagon Rubber IPO Qualified Institutional Bidder subscription rate was 14.63 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Jun 2023 (Day 4) | 173.84x | 204.42x | 14.63x |
28 Jun 2023 (Day 3) | 54.11x | 16.58x | 4.58x |
27 Jun 2023 (Day 2) | 26.5x | 7.65x | 4.39x |
26 Jun 2023 (Day 1) | 6.98x | 1.53x | 2.51x |
Pentagon Rubber FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY23 | 21.6 | 299.6 | 17.2 | 16.7 | 12.7% |
| FY22 | 30.9 | 350.3 | 1.9 | 1.8 | 12.0% |
| FY21 | 11.0 | 231.6 | -29.6 | -32.4 | 9.9% |
| FY20 | 9.4 | 193.3 | 15.8 | 8.4 | 10.6% |
Pentagon Rubber IPO SUBSCRIPTION STATUS DETAILS
Pentagon Rubber had 2.3 M shares on offer
Pentagon Rubber IPO offer price was in the range ₹65 - ₹70
Pentagon Rubber IPO minimum Investment was ₹140000
Pentagon Rubber IPO issue size was ₹ 150.2 M - ₹ 161.7 M
Pentagon Rubber had a minimum lot size of 2000 Shares per application
Pentagon Rubber NUMBER OF SHARES ON OFFER
Pentagon Rubber IPO IMPORTANT DATES
| Issue Open Date | 26 Jun 2023 |
| Issue close Date | 30 Jun 2023 |
| Allotment Date | 05 Jul 2023 |
| Refund Date | 06 Jul 2023 |
| Demat Account Credit Date | 07 Jul 2023 |
| Listing Date | 10 Jul 2023 |
| Listing on Exchange(s) | NSE |
| Pentagon Rubber Allotment Status | Exchange |
Pentagon Rubber IPO subscription opened on 26 Jun 2023, and closed on 30 Jun 2023
IPO allotment for Pentagon Rubber was finalized on Wednesday, 05 Jul 2023
IPO listing for Pentagon Rubber was on NSE on Monday, 10 Jul 2023
Pentagon Rubber IPO LISTING GAINS
| Issue Price (adjusted) | 70.0 |
| Listing Open Price | 117.3 |
| Listing Close Price | 117.3 |
| Listing Gain% | 67.6% |
| Current Gain% | -27.6% |
Pentagon Rubber Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pentagon Rubber Ltd. | 50.7 | 39.1 | 21.3 | -0.7 | 0.8 | 5.4 | 2.7 | 51.4 | 3 | 1.8 | -31.6 | 2.4 | -31.6 |
| Solar Industries India Ltd. | 18650 | 168764 | 100.6 | 2.6 | 17.2 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 19076 | 28599.7 | 281.6 | 4.2 | 47.4 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1954.7 | 17741.5 | 69.6 | 8 | 11 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 413.8 | 7564.6 | 48.7 | 0.7 | 1.4 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 8.5 | 72.4 |
| Kennametal India Ltd. | 3308.6 | 7271.7 | 52.5 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
Pentagon Rubber INFORMATION ON IPO ISSUE
About Pentagon Rubber
Pentagon Rubber was established on April 26, 2004. The company specializes in manufacturing rubber conveyor belts, transmission belts, rubber sheets, and elevator belts.
Object of the Issue
- To meet working capital requirements
- General corporate expenses
Pentagon Rubber Strengths
Existing client relationship
The company has built a strong reputation that has helped it retain prestigious clients
Quality Assurance and quality control
The company's engineers carefully inspect the entire process to maintain product quality. The manufacturing facility is equipped with experienced and qualified staff who conduct thorough quality checks and inspections at every stage
Scalable business model
The company operates on an order-driven business model, efficiently utilizing its existing resources to meet customer demands
Pentagon Rubber Risks
Intense competition
The intense competition in the conveyor rubber belting industry may impact pricing, potentially leading to a decrease in the company's share of business from clients
Outstanding legal proceedings
There are outstanding legal proceedings involving the company. Any adverse decision in such proceedings may have a material adverse effect on the business
IPO FAQs
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 65.0 - 70.0.
The IPO application opens on Jun 26, 2023 and closes on Jun 30, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 140,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Jul 05, 2023.
The refund will be credited to your account on Jul 06, 2023.
The allotted shares will be credited to your demat on Jul 07, 2023.
Pentagon Rubber Ltd.’s shares listed on the stock exchanges on Jul 10, 2023.