Pentagon Rubber Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Jun 2023

Close Date

30 Jun 2023

Allotment

05 Jul 2023

Listing Date

07 Jul 2023

Exchange

NSE SME

Price Band

₹70

Listing Price

See chart

Allotment Status

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Price Band

₹70

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

23,10,000 shares (aggregating up to ₹16.17 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹140,000

1 lot

Pre-IPO Holding

54,00,000 shares

Promoters

Post-IPO Holding

77,10,000 shares

Promoters

P/E (Pre)

18.76x

EPS (Pre)

₹3.83

UPI Deadline

2023-06-30

Mandate

Anchor AllotmentSun, 25 Jun 2023

Basis of AllotmentWed, 05 Jul 2023

Refund InitiationThu, 06 Jul 2023

Demat CreditFri, 07 Jul 2023

Listing DayFri, 07 Jul 2023

UPI Mandate Deadline2023-06-30

Sale TypeFresh Capital

Net Offer to Public21,94,000 shares (aggregating up to ₹15.36 Cr)

Market Maker Quota1,16,000 shares (aggregating up to ₹0.8120 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Pentagon Rubber Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 30 Jun 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	116,000	—	₹0.81
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,310,000	100%	₹16.17

IPO Shares Offered

Pentagon Rubber Ltd IPO total issue size: ₹16.17 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	116,000	₹0.81	5.02%
Total	2,310,000	₹16.17	100.00%

* Based on upper price band ₹70 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹70.00

Upper Band

Min Investment

₹140,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹280,000
Retail (Max — 13 Lots)	13	26,000	₹1,820,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,960,000
B-HNI (Min — 68 Lots)	68	136,000	₹9,520,000

* Issue Price ₹70 × Lot Size 2,000 shares

IPO Schedule

Anchor

25 Jun 2023

✓ Done

IPO Open

26 Jun 2023

✓ Done

IPO Close

30 Jun 2023

✓ Done

Allotment

05 Jul 2023

✓ Done

Refunds

06 Jul 2023

✓ Done

Demat Credit

07 Jul 2023

✓ Done

Listing Day

07 Jul 2023

✓ Done

₹70.00

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Issue ₹70.00 Live Price

About Pentagon Rubber Ltd

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.

Objects of the Issue

To Meet Working Capital Requirement

Pentagon Rubber Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹2,319.7

31-Mar-21

₹3,511.6

31-Mar-22

₹2,997.9

31-Dec-22

Profit After Tax (PAT)

₹110.3

31-Mar-21

₹308.7

31-Mar-22

₹215.9

31-Dec-22

Particulars	31-Dec-22	31-Mar-22	31-Mar-21
Revenue from Operations	2997.88	3511.59	2319.69
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	215.86	308.66	110.30
Net Worth	770.30	554.43	245.78
Total Assets	2956.70	2802.18	2588.99
Reserves & Surplus	230.30	154.43	-154.22
Borrowings	1669.79	1758.61	1649.42
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

32.59%

RoCE

27.16%

RoNW

55.67%

Debt/Equity

2.17

Issue Structure & Shareholding

Total Shares Offered23,10,000 (100.00%)

Net Offer to Public21,94,000 shares (aggregating up to ₹15.36 Cr)

Reserved for Market Maker1,16,000 shares (aggregating up to ₹0.8120 Cr)

Pre-Issue Promoter Holding54,00,000 shares

Post-Issue Promoter Holding77,10,000 shares

P/BV RatioN/A

RoE32.59%

RoCE27.16%

Debt / Equity2.17

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd

+91-22-4918 6270

pentagonrubber.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Beeline Capital Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Pentagon Rubber Ltd IPO subscribed? ▲

Pentagon Rubber Ltd IPO is subscribed 1.00 times by Jun 30, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Pentagon Rubber Ltd IPO retail subscription status? ▼

The Pentagon Rubber Ltd IPO retail category is subscribed 1.00 times as of 30 Jun 2023. The retail portion is oversubscribed.

How to subscribe Pentagon Rubber Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Jun 2023 and closes 30 Jun 2023. Min investment: ₹140,000 (1 lot = 2,000 shares). UPI mandate: 2023-06-30.

How many times Pentagon Rubber Ltd IPO subscribed? ▼

The Pentagon Rubber Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Pentagon Rubber Ltd IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Jul 2023. Refunds: on 06 Jul 2023.

When Pentagon Rubber Ltd IPO will be listed? ▼

The Pentagon Rubber Ltd IPO listing date is 07 Jul 2023, Friday. Listed on: NSE SME. Issue price: ₹70. Estimated listing: ₹70. GMP: NIL.

When Pentagon Rubber Ltd IPO close? ▼

The Pentagon Rubber Ltd IPO closes on 30 Jun 2023, Friday. UPI mandate: 2023-06-30. Allotment: 05 Jul 2023. Listing: 07 Jul 2023.

Quick Actions

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Live Price LIVE

Last Price₹70.00

Change—

Issue Price₹70.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹70

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹140,000

GMPNIL

Est. Listing₹70

Subscribed1.00x

Open Date26 Jun 2023

Close Date30 Jun 2023

Allotment05 Jul 2023

Listing Date07 Jul 2023

ExchangeNSE SME

UPI Deadline2023-06-30