Pentagon Rubber Limited

Pentagon Rubber Limited IPO Review, Date, Price, GMP

Pentagon Rubber Limited Incorporated in 2004 is an ISO 9001:2015 certified company engaged in the manufacturing of Rubber Conveyor belts, Transmission Belts, Rubber Sheets, and Elevator Belts. The company’s products are continuously improved using the latest developments in raw materials, and it provides business-to-business solutions in various areas. From material handling and ore transportation systems to complete system integration, Pentagon Rubber Limited offers products that meet the quality standards of various industries.

The company has established a manufacturing plant under the guidance of experienced professionals and has invested in high-quality infrastructure and facilities. With an extensive network of stockists and importers, Pentagon Rubber Limited has expanded its business relations across international boundaries, building a strong client in many countries. 

The manufacturing unit of Pentagon Rubber Limited is situated in Dera Bassi, Punjab. The company has installed one of the longest conveyor belting presses in India, with a production capacity of 21 meters in a single stroke. This technology enables the production of conveyor rubber belting up to 3150KN/m, making Pentagon Rubber Limited one of the top manufacturers in India. The annual production capacity exceeds 300 square kilometers of conveyor rubber belts, and the company’s modern laboratory adheres to international standards, producing belts according to DIN, BS, IS, ISO, SABS, AS, GOST, and CAN standards. The manufacturing process includes a rigorous QAP (Quality Assurance Plan) and QC (Quality Control) system, ensuring thorough testing of in-process and finished belts.

The manufacturing plant is managed by an experienced team of professionals, and the company’s infrastructure and facilities are of the highest quality to ensure superior products. Pentagon Rubber Limited has expanded its domestic and global presence through approved vendor status with various governments, multinational corporations, and importers, earning a strong reputation and a loyal client base.

The expertise and experience of the team enable Pentagon Rubber Limited to consistently provide the best products and solutions to its clients. Over the years, the company has received prestigious awards, including the Export Merit Award, Special Domestic Sales Award, and Top Domestic Sales Award from the All India Rubber Industries Association. These accolades acknowledge the company’s commitment to superior quality products and process controls.

Pentagon Rubber Limited IPO Complete Details:

IPO Date26 June 2023 to 30 June 2023
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Face Value10 Rs. Per Share
PriceRs.65 to 70
Lot Size2000
Issue Size2,310,000 shares (Rs. 16.17 Cr)
Fresh Issue2,310,000 shares (Rs. 16.17 Cr)
Listing Date10 July 2023

Pentagon Rubber Limited IPO Timetable:

Opening Date26 June 2023
Closing Date30 June 2023
Allotment05 July 2023
Initiation of Refunds06 July 2023
Credit of Shares to Demat Account07 July 2023
Listing Date10 July 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxNet WorthBorrowings
31 March 20202,132.821,939.2593.81135.481,244.86
31 March 20212,588.992,319.69110.30245.781,649.42
31 March 20222,802.183,511.59 308.66554.431,758.61
31 December 20222,956.702,997.88 215.86770.301,669.79
Amount In Lakhs

AS OF NOW, the GMP OF Pentagon Rubber Limited is Around 42 Rs.

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