Incorporated in 2004, Pentagon Rubber Limited manufactures Rubber Conveyor belts, Transmission belts, Rubber Sheets, and Elevator belts.
The manufacturing unit of Pentagon Rubber Limited is located in Dera Bassi, Punjab, 25 km from Chandigarh City. It has one of India's longest conveyor belting presses, with a production capacity of 21mtr in a single stroke. The production capacity of the manufacturing unit is over 300 sq km of conveyor rubber belts per year.
The company has a modern laboratory of international standards that can produce conveyor belts as per DIN, BS, IS, ISO, SABS, AS, GOST, and CAN standards.
The company has been awarded Export Merit Award, Special Domestic Sales Award, and Top Domestic Sales Award from the All India Rubber Industries Association.
| Purpose | Amount (₹ Cr) |
|---|---|
| To Meet Working Capital Requirement | ₹12 |
| To Meet Working Capital Requirement | ₹3 |
| Metric | 31-Dec-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Total Assets | 2,957 | 2,802 | 2,589 |
| Revenue | 2,998 | 3,512 | 2,320 |
| PAT | 216 | 309 | 110 |
| Net Worth | 770 | 554 | 246 |
| Reserves | 230 | 154 | -154 |
| Total Borrowing | 1,670 | 1,759 | 1,649 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,094,000 (47%) | — |
| NII / HNI | — | 330,000 (14%) | — |
| Retail (RII) | — | 770,000 (33%) | — |
| Market Maker | — | 116,000 (5%) | — |
| Total | — | 2,310,000 (100%) | — |
* Amount calculated at upper price band (₹70) · ** Total includes all investor categories
- 1 Initiation of Refund 06 Jul 2023
- 2 Credit of Shares to Demat 07 Jul 2023
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 19x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹4.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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