Equity shares in Pentagon Rubber Limited will be issued via book built issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Pentagon Rubber Limited is set for the week of June 26 – June 30, 2023.The issue is priced at ₹65 to ₹70 per share. The minimum order quantity is 2000 Shares. With a face value of Rs. 10, each of the 2,310,200 shares up for sale in the IPO may bring in as much as 16.17 Cr. for the company. Let’s learn more about their initial public offering scheduled for June of 2023.
About Pentagon Rubber Limited
Pentagon Rubber Limited, founded in 2004, manufactures rubber conveyor belts, transmission belts, rubber sheets, and elevator belts. Pentagon Rubber Limited’s manufacturing plant is in Dera Bassi, Punjab, around 25 kilometers from Chandigarh. It contains one of India’s longest conveyor belting presses, capable of producing 21mtr in a single stroke. The manufacturing machine has a capacity of about 300 square kilometers of conveyor rubber belts each year.
The company has a contemporary international standards laboratory that can make conveyor belts in accordance with DIN, BS, IS, ISO, SABS, AS, GOST, and CAN standards. The All India Rubber Industries Association has given the company the Export Merit Award, Special Domestic Sales Award, and Top Domestic Sales Award.
Pentagon Rubber IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 26th June 2023 |
| Issue Closes | 30th June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 65 to Rs 70 Per Share |
| Issue Size | 2,310,000 Shares (Rs 16.17 crores) |
| Minimum Order Quantity | 2000 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The company aims to use the net revenues of the offering to fund the following projects:
- To meet working capital requirements.
- General corporate expenses and issue expenses.
Pentagon Rubber Limited — Company Contact Details
- Registered & Corporate Office: Gulabgarh Road, Village Behra Dist. S.A.S. Nagar, Derabassi, Mohali – 140507
- Telephone: +91-9816610646
- Website: https://pentagonrubber.com/
Pentagon Rubber IPO – Lead Managers of the Issue
Beeline Capital Advisors Pvt Ltd
- Office Address: 807, Phoenix Tower, Opp. Girish Cold Drinks, Near Vijay Cross Road, Ahmedabad – 380009
- Telephone: 079 4840 7357
- Email: mb@beelinemb.com
Pentagon Rubber Limited IPO – Registrar of the Issue
Link Intime India Private Ltd
- Telephone: +91-22-4918 6270
- Email: pentagonrubber.ipo@linkintime.co.in
- Website: https://linkintime.co.in/
Pentagon Rubber Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
