Pentagon Rubber IPO GMP, Review, Price, Allotment
Pentagon Rubber, incorporated in 2004, is a leading manufacturer of Rubber Conveyor belts, Transmission Belts, Rubber Sheets, and Elevator Belts. With its manufacturing unit located in Dera Bassi, Punjab, just 25 kilometers from Chandigarh City, Pentagon Rubber has gained a reputation for its high-quality products and cutting-edge technology. In this article, we will explore the details of Pentagon Rubber’s IPO, including its description, financial performance, valuations, and IPO dates.
Pentagon Rubber IPO Description
Pentagon Rubber specializes in the manufacturing of Rubber Conveyor belts, Transmission Belts, Rubber Sheets, and Elevator Belts. The company’s state-of-the-art manufacturing unit in Dera Bassi, Punjab, is equipped with one of the longest conveyor belting presses in India. With a production capacity of 21 meters in a single stroke, Pentagon Rubber can produce conveyor rubber belting up to 3150KN/m, establishing itself as one of the top manufacturers in India.
The company’s production capacity exceeds 300 square kilometers of conveyor rubber belts per year. Pentagon Rubber maintains a modern laboratory that adheres to international standards and can produce conveyor belts according to DIN, BS, IS, ISO, SABS, AS, GOST, and CAN standards. Quality Assurance Plans (QAP) and Quality Control (QC) systems are followed throughout the manufacturing process, ensuring rigorous testing of in-process belts and finished belts.
Pentagon Rubber IPO Details
The IPO details of Pentagon Rubber are as follows:
- IPO Dates: 26th to 30th June 2023
- Issue Price: To be announced
- Fresh Issue: 2,310,000 shares
- Offer For Sale: NIL
- Total IPO Size: 2,310,000 shares
- Minimum Bid (Lot Size): To be announced
- Face Value: INR 10 per share
- Retail Allocation: 35%
- Listing On: NSE SME
Pentagon Rubber Financial Performance
Let’s take a look at Pentagon Rubber’s financial performance over the years:
FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
---|---|---|---|---|
Revenue | 1,933.03 | 2,316.39 | 3,502.65 | 2,996.12 |
Expenses | 1,840.01 | 2,211.80 | 3,195.59 | 2,684.91 |
Net Income | 93.81 | 110.30 | 308.66 | 215.86 |
Figures in INR Lakhs unless specified otherwise
Pentagon Rubber Valuations & Margins
Here are the valuations and margins of Pentagon Rubber:
FY 2020 | FY 2021 | FY 2022 | |
---|---|---|---|
EPS | 1.74 | 2.04 | 5.72 |
PE Ratio | ā | ā | ā |
RONW (%) | 69.24 | 44.88 | 55.67 |
NAV | 3.39 | 6.14 | 13.86 |
ROCE (%) | 25.25 | 25.20 | 31.39 |
EBITDA (%) | 10.64 | 9.90 | 12.02 |
Debt/Equity | 9.19 | 6.71 | 3.17 |
*Compiled by IPO Central from Prospectus
Pentagon Rubber IPO Dates & Listing Performance
The important dates for Pentagon Rubber’s IPO are as follows:
- IPO Opening Date: 26th June 2023
- IPO Closing Date: 30th June 2023
- Finalization of Basis of Allotment: 5th July 2023
- Initiation of refunds: 6th July 2023
- Transfer of shares to demat accounts: 7th July 2023
- IPO Listing Date: 10th July 2023
- Opening Price on NSE SME: To be announced
- Closing Price on NSE SME: To be announced
Pentagon Rubber Offer Lead Manager
The lead manager for the Pentagon Rubber IPO is Beeline Capital Advisors Private Limited. Here are their contact details:
- Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad – 380009
- Phone: +91-79-4840 5357, 48406357
- Email: mb@beelinemb.com
- Website: www.beelinemb.com
Get Access Now: https://bit.ly/J_Umma
Conclusion
In conclusion, Pentagon Rubber is a well-established manufacturer of Rubber Conveyor belts, Transmission Belts, Rubber Sheets, and Elevator Belts. With its state-of-the-art technology, high production capacity, and adherence to international quality standards, the company has positioned itself as one of the leading manufacturers in India. The upcoming IPO presents an opportunity for investors to participate in Pentagon Rubber’s growth story.