Pentagon Rubber Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Pentagon Rubber

CMP

123.10

-7.05 (-5.42%)

₹70

Offer Price

₹ 16.17 Cr

Issue Size

₹ 1,40,000

Min Investment

2,000

Lot size

Time Line

  • 26
    Jun 2023
    Open
  • 30
    Jun 2023
    Close
  • 05
    Jul 2023
    Finalisation of Basis of Allotment
  • 06
    Jul 2023
    Initiation of Refunds
  • 07
    Jul 2023
    Transfer of Shares to Demat Account
  • 07
    Jul 2023
    Listing Date

Objects of the Offer

  • Leveraging our Market skills and Relationships.

  • Optimal Utilization of Resources.

  • Improving operational efficiencies.

  • To Build-Up a Professional Organization.

  • Expansion of Business.

Strengths

  • Leveraging the experience of our Promoter.

  • Existing client relationship.

  • Quality Assurance and Quality Control of our Products.

  • Customer satisfaction and revenues from long standing customer relationships.

  • Scalable Business Model.

Risks

  • The company has not received details in respect interest in other companies and entities from some of its Promoter Group Members, hence the information disclosed in chapter titled "The Promoters and Promoter Group" is limited to information provided by company.

  • Intense competition in the market of conveyor Rubber Belting Industry could affect its pricing, which could reduce the company share of business from clients and decrease its revenues and profitability.

  • The company do not have long-term agreements with most of its suppliers or customers and the loss of one or more of them or a reduction in their demand for the company products could adversely affect its business, results of operations, financial condition and cash flows.

  • In case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business it may have a material adverse effect on its business.

  • There are outstanding legal proceedings involving the Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2022 3-Yr trend
Revenue 35.03 (51.30%) 43.18 (23.30%) 55.67 (-)
Gross Profit 35.03 (51.30%) 43.18 (23.30%) 55.67 (-)
Net Income 35.03 (51.30%) 43.18 (23.30%) 55.67 (-)
Assets 35.03 (51.30%) 43.18 (23.30%) 55.67 (-)
Liabilities 35.03 (51.30%) 43.18 (23.30%) 55.67 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Somi Conveyor Beltings Ltd 57.23 1.72 106.97 106.97 2.67 1.46 54.52 1.60 0.44
International Conveyors Ltd 205.18 16.18 305.13 305.13 7.47 2.40 32.04 5.30 0.09
Pentagon Rubber Ltd 35.03 3.09 23.18 17.64 55.67 0.00 13.86 5.21 0.76

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Gulabgarh Road Village Behra,
S A S Nagar Derabassi,
Mohali - 140507
Phone : 91-9816610646 Email : corporate@pentagonrubber.com https://pentagonrubber.com

Offer Related Information

Initial public issue of 23,10,000 equity shares of face value of Rs. 10/- each of Pentagon Rubber Limited ("Pentagon" or "The Company") for cash at a price of Rs. 70/- per equity share (including a share premium of Rs. 60/- per equity share) ("Issue Price") aggregating to Rs. 16.17 crores, of which 1,16,000 equity shares of face value of Rs. 10/- each at a price of Rs. 70/- aggregating to Rs. 0.81 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion") and... More

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