The Pentagon Rubber Limited IPO commenced on June 26, 2023, and concluded on June 30, 2023. The allotment of shares took place on July 05, 2023, and the initiation of refunds began on July 06, 2023. The shares were credited to the demat accounts of investors on July 07, 2023. Finally, the listing of Pentagon Rubber on the stock exchange occurred on July 10, 2023.
The Pentagon Rubber IPO was priced at ₹65 to ₹70 per share, with a lot size of 2000. The total issue size was ₹16.17 crores, comprising a fresh issue of 16.17 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Pentagon Rubber IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 6 July 2023 | ₹42 | 60.00% | – | – |
| 5 July 2023 | ₹30 | 42.86% | – | – |
| 4 July 2023 | ₹30 | 42.86% | – | – |
| 3 July 2023 | ₹30 | 42.86% | – | – |
| 2 July 2023 | ₹30 | 42.86% | – | – |
| 1 July 2023 | ₹30 | 42.86% | – | – |
| 30 June 2023 | ₹30 | 42.86% | – | – |
| 29 June 2023 | ₹25 | 35.71% | – | – |
| 28 June 2023 | ₹28 | 40.00% | – | – |
| 27 June 2023 | ₹22 | 31.43% | – | – |
| 26 June 2023 | ₹24 | 34.29% | – | – |
Pentagon Rubber Limited was established in 2004. They specialize in making rubber conveyor belts, transmission belts, rubber sheets, and elevator belts.
The company is located in Dera Bassi, Punjab, which is about 25 km away from Chandigarh City. They have a manufacturing unit with one of India’s largest conveyor belting presses. This unit can produce more than 300 square kilometers of conveyor rubber belts every year, with an impressive production capacity of 21 meters in a single stroke.
Pentagon Rubber Limited is proud of its modern laboratory, which follows international standards. They can make conveyor belts according to various standards such as DIN, BS, IS, ISO, SABS, AS, GOST, and CAN.
The company has received prestigious awards from the All India Rubber Industries Association. These include the Export Merit Award, Special Domestic Sales Award, and Top Domestic Sales Award, recognizing their excellence.
Pentagon Rubber IPO More Details Click Here
