New Delhi (India), June 21: Pentagon Rubber Limited, a Punjab primarily based main producer of rubber conveyor belts, transmission belts, rubber sheets and elevator belts has introduced its IPO for 23,10,000 shares with a face worth of Rs. 10 per share and fairness value band per share shall be Rs 65 to Rs. 70. The lot dimension shall be 2000 shares. Out of 23,10,000 shares, 1,16,000 fairness shares shall be reserved for the market maker quota, 10,94,000 shares shall be reserved for QIB, 3,30,000 shares for HNI quota and seven,70,000 shares for the retail quota. The difficulty opens for the anchors on the twenty third of June, 2023 and for the public on the 26th of June, 2023 and closes on the thirtieth of June, 2023. It should subsequently be listed on the NSE Emerge platform. The main supervisor to the subject is Beeline Capital Advisors Personal Limited. 

The proceeds of the subject are to be utilized for 

  1. To satisfy the working capital necessities
  2. Common Company Function
  3. To satisfy the subject bills

Pentagon Rubber Limited is a Punjab primarily based main producer of rubber conveyor belts, transmission belts, basic objective belts, tremendous abrasion belts, warmth fireplace and oil resistance belts, pipe conveyor belts, chevron conveyors, rubber sheets and elevator belts. The manufacturing unit of the firm is situated in Dera Bassi, Punjab and is an ISO 9001:2015 licensed firm. It has put in one in every of the longest conveyor belting presses in India, with a manufacturing capability of 21mtr in a single stroke. This know-how permits it to supply conveyor rubber belting as much as 3150KN/m, making them one in every of the high producers in India. The manufacturing capability is over 300 sq km of conveyor rubber belt per yr and it has a contemporary laboratory of worldwide requirements that may produce conveyor belts as per DIN, BS, IS, ISO, SABS, AS, GOST, and CAN requirements. It has a whole QAP & QC system that’s adopted in the manufacturing course of, which incorporates rigorous and full testing of in-process belts and completed belts. The manufacturing plant is managed by a crew of skilled professionals. It has invested in top-of-the-line infrastructure and amenities to make sure the highest high quality merchandise. Its enterprise has expanded domestically & globally by means of its authorized vendor standing with varied authorities & multinational firms and importers, and it has earned a powerful repute and a loyal consumer base domestically & throughout many international locations. The corporate has been awarded the Export Benefit Award, Particular Home Gross sales Award and High Home Gross sales award by All India Rubber Industries Affiliation. 

Pentagon Rubber Limited has registered a powerful monetary development over the years. Its income from operations stood at Rs 2996.12 lakhs for the interval ending thirty first  December 22, whereas it registered an EBITDA of Rs 381.05 lakhs and PAT of Rs 215.86 lakhs for the identical interval.  

The corporate always endeavours to enhance the manufacturing course of and can enhance manufacturing actions to optimize the utilization of sources. It has invested important sources and intends to additional spend money on its actions to develop custom-made techniques and processes to make sure efficient administration management. It additionally intends to proceed to construct on its inclusive tradition to make sure its workers stay engaged and dedicated to delivering distinctive service. The corporate goals to proceed to enhance ongoing operational effectiveness and efficiencies to attain price reductions together with overheads. It believes that this may be achieved by means of steady enterprise course of evaluate and well timed corrective measures in case of diversion and know-how upgradation with correct analytics base. Because of these measures, the firm will be capable to enhance its market share and profitability. 

Mr. Ashish Jain, Mr. Anil Jain, Mr. Saurabh Jain and Mr. Lalit Jain are the promoters of the subject and have an expertise of 23, 37, 19 and 27 years respectively.

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