Pentagon Rubber Limited, formerly known as Pentagon Rubber Private Limited, is a manufacturing company that was incorporated on April 26, 2004. The company holds the prestigious ISO 9001:2015 certification, which reflects its commitment to quality and excellence.
Pentagon Rubber Limited specialises in the production of Rubber Conveyor Belts, Transmission Belts, Rubber Sheets, and Elevator Belts. Their product range is continuously improved and refined using the latest advancements in raw materials and manufacturing techniques. This dedication to innovation ensures that their products meet the quality standards demanded by various industries.
Pentagon Rubber Limited IPO Details
Pentagon Rubber Limited IPO is a 100% fresh issue of 2,310,000 shares aggregating up to ₹16.17 Cr. The offer has its price band set between ₹65 to ₹70 per share, and the lot size is 2000. The opening date for Pentagon Rubber Limited IPO is Monday, 26 June 2023 and the closing date is Friday, 30 June 2023. The IPO will list on the NSE.
Pentagon Rubber Limited IPO Objective
The objectives of Pentagon Rubber Limited's IPO are listed below:
- To meet working capital requirements.
- General corporate purpose.
- To meet the issue expenses.
Peer Details
Somi Conveyor Beltings Limited, International Conveyors Limited and Pentagon Rubber Limited are the listed peer companies operating in the same business line.
Pentagon Rubber Ltd Noteworthy highlights
- The company takes pride in its comprehensive offerings and expertise in serving business-to-business partners. They provide solutions in areas ranging from material handling and ore transportation systems to complete system integration. By maintaining a high-quality product portfolio, Pentagon Rubber Limited has become a trusted supplier to numerous industries.
- The manufacturing plant of Pentagon Rubber Limited is equipped with state-of-the-art infrastructure and facilities. The facility is managed by a team of experienced professionals who oversee operations to ensure the highest quality standards are met. This investment in top-of-the-line infrastructure has contributed to the company's success in expanding its business both domestically and internationally.
- The company's commitment to excellence and superior product offerings has been recognised through numerous prestigious awards. Pentagon Rubber Limited has been honoured with accolades such as the Export Merit Award, Special Domestic Sales Award, and Top Domestic Sales Award from the India Rubber Industries Association. These awards serve as a testament to the company's superior product quality and stringent process controls.
Pentagon Rubber Ltd Company Financials
| Particulars | Dec 31, 2022 ( ₹ lakhs) | March 31, 2022 ( ₹ lakhs) |
|---|---|---|
| Revenue from Operations | 2996.12 | 3502.65 |
| Profit After Tax (PAT) | 215.86 | 308.66 |
| PAT Margin | 7.20% | 8.8% |
| EBITDA | 381.05 | 421.30 |
| EBITDA Margin | 12.72% | 12.02% |
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Strengths
2Pentagon Rubber Limited has the capacity to scale upward, allowing them to undertake aggressive marketing strategies while maintaining superior quality. This flexibility positions them well for growth and expansion.
Pentagon Rubber Limited takes pride in offering superior quality products. The continuous improvement efforts, utilisation of advanced raw materials, and adherence to strict process controls ensure that their products meet the stringent quality benchmarks set by various industries. This commitment to excellence enhances customer satisfaction and fosters trust in the brand.
Risks
2Intense competition in the conveyor Rubber Belting Industry market could affect Pentagon’s pricing, which could reduce its share of business from clients and decrease the company’s revenues and profitability.
There are outstanding legal proceedings involving the company. Any adverse decision in such proceedings may have a material negative effect on Pentagon’s business, results of operations and financial condition.
