Pentagon Rubber Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹51(72.86%)
Premium (ELP)
Pentagon Rubber Limited's successfully transitioned to public market status with its listing on NSE on Jul 07, 2023. The IPO mobilized 23,10,000 Shares in cumulative capital, including 23,10,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹65 to ₹70, with minimum investment lots of 2000 shares. subscription activity between Jun 26, 2023 and Jun 30, 2023 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Jul 05, 2023, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Pentagon Rubber Limited, incorporated in 2004, manufactures rubber products including conveyor belts, transmission belts, rubber sheets, and elevator belts. Its manufacturing facility is located in Dera Bassi, Punjab, 25 km from Chandigarh, and features one of India’s longest conveyor belting presses with an annual production capacity exceeding 300 sq km of conveyor rubber belts. The company operates a modern laboratory capable of producing conveyor belts that meet international standards such as DIN, BS, IS, ISO, SABS, AS, GOST, and CAN. Pentagon Rubber has been recognized with awards including the Export Merit Award, Special Domestic Sales Award, and Top Domestic Sales Award from the All India Rubber Industries Association.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Anil Jain
- Mr. Lalit Jain
- Mr. Ashish Jain
- Saurabh Jain
Pentagon Rubber Limited
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