Pentagon Rubber SME IPO

Pentagon Rubber Limited

₹1,30,000 /2000 sharesMinimum Investment

Pentagon Rubber SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹70.00₹130.00₹60.00 (85.71%)

Pentagon Rubber SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
26 Jun ‘23 - 30 Jun ‘23₹1,30,0002,000₹65 - ₹70
Issue SizeIPO Doc
16.17Cr
RHP PDF

About Pentagon Rubber SME

Pentagon Rubber specialises in manufacturing a wide range of rubber products, including conveyor belts, transmission belts, rubber sheets, and elevator belts. Catering to a global clientele, the company exports its products to buyers across the globe, solidifying its presence in over 25 countries. Its major customers are in South America, Europe, Africa, the Middle East, and Asia. The company's expertise extends beyond product manufacturing as it offers valuable solutions in multiple domains.;
Parent Organisation
Pentagon Rubber Limited
Founded
2004
Managing Director
Mr. Ashish Jain

Strengths & Risks

  • The company has one of India's largest conveyor belting presses, with a production capacity of 21m in a single stroke. It can produce conveyor rubber belts up to 3150 KN/m.
  • Presence in over 25 countries, including in Asia and Europe.
  • The company's manufacturing facility meets international standards such as DIN, BS, IS, ISO, SABS, AS, GOST, and CAN.
  • The company follows a comprehensive Quality Assurance Program (QAP) and Quality Control (QC) system throughout manufacturing. It includes rigorous testing of both in-process and finished belts, guaranteeing the delivery of reliable and top-notch products.
  • The company has reported consistent profits over the past 3 years.
  • The conveyor rubber belting industry market is characterised by intense competition, posing a potential threat to the company's pricing and market share.
  • There are ongoing legal proceedings involving the company and an unfavourable outcome could significantly impact the company's financial condition.
  • Pentagon Rubber heavily relies on its top ten customers for a substantial portion of its revenue.
  • The company relies on its top ten suppliers for most of its purchases. Any disruption in the business relationship with these suppliers could negatively impact the company's operations and profitability.
  • The company bears substantial outstanding indebtedness. As of December 31, 2022, the company's long-term borrowings amounted to Rs 817.94 lakhs, while its short-term borrowings stood at Rs 851.85 lakhs.
  • Previous years have seen the company report negative cash flows from its operating, investing, and financing activities.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular65 - 70₹2 Lakh
High Networth Individual65 - 70₹2 - 5 Lakh
For Pentagon Rubber IPO, eligible investors can apply as Regular.
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