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Open
26 Jun 2023
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Close
30 Jun 2023
3
Allotment
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Listing
Fri, Jul 7, 2023
Price Band
₹65 to ₹70
Issue Size
23,10,000 shares (agg. up to ₹16 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Jul 7, 2023
Latest GMP
₹48
Est. Gain
68.57%
✦ AI Insight
GMP Trend
07-07-2023₹48Est. ₹118+68.57%
06-07-2023₹50Est. ₹120+71.43%
05-07-2023₹30Est. ₹100+42.86%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 73.19x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 29.57 | 28.02 | 25.89 | 21.33 |
| Total Income | 29.98 | 35.12 | 23.20 | 19.39 |
| Profit After Tax | 2.16 | 3.09 | 1.10 | 0.94 |
| NET Worth | 7.70 | 5.54 | 2.46 | 1.35 |
| Reserves and Surplus | 2.30 | 1.54 | -1.54 | -2.65 |
| Total Borrowing | 16.70 | 17.59 | 16.49 | 12.45 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Lead Reclaim & Rubber Products Ltd. | SME | ₹4.88 Cr | ₹25 | 25.77 | ₹27.65 | +10.60% | ₹90.50 (-1.63%) |
| Gayatri Rubbers & Chemicals Ltd. | SME | ₹4.58 Cr | ₹30 | 23.62 | ₹36.75 | +22.50% | ₹620.00 (-0.32%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 12.00 |
| 2 | General Corporate Purpose | 2.62 |
About Pentagon Rubber IPO
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.+ Read More
Contact Details
Pentagon Rubber Ltd. AddressGulabgarh Road, Village Behra Dist.S.A.S.NagarDerabassiMohali, Punjab, 140507+91-9816610646corporate@pentagonrubber.comVisit Website