Pentagon Rubber Ltd - IPO

Pentagon Rubber Ltd IPO Details

Initial public issue of 23,10,000 equity shares of face value of Rs. 10/- each of Pentagon Rubber Limited (Pentagon or The Company) for cash at a price of Rs. 70/- per equity share (including a share premium of Rs. 60/- per equity share) (Issue Price) aggregating to Rs. 16.17 crores, of which 1,16,000 equity shares of face value of Rs. 10/- each at a price of Rs. 70/- aggregating to Rs. 0.81 crores will be reserved for subscription by market maker (Market Maker Reservation Portion) and net issue to public of 21,94,000 equity shares of face value of Rs. 10/- each at a price of Rs. 70/- aggregating to Rs. 15.36 crores (hereinafter referred to as the Net Issue) the issue and the net issue will constitute 29.96% and 28.46% respectively of the post issue paid up equity share capital of the company.Issue Price: Rs. 70 per equity shares of face value Rs. 10 each.The issue price is 7 times of the face value.

Objective of issue

To meet working capital requirement. General corporate purposes.

Pentagon Rubber Ltd Contact Details

Pentagon Rubber Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - corporate@pentagonrubber.com

Website - https://pentagonrubber.com