Pentagon Rubber Limited IPO
Pentagon Rubber Limited is a leading manufacturer of rubber products in India. The company is offering an IPO to raise capital for its growth plans. This is a great opportunity for investors to get exposure to a growing industry.
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Pentagon Rubber Limited IPO: A Good Investment Opportunity?
Pentagon Rubber Limited, a leading manufacturer of rubber products in India, is set to launch its IPO on June 20, 2023. The IPO consists of a fresh issue of equity shares worth Rs 150 crore and an offer for sale (OFS) of Rs 330 crore by promoters and selling shareholders.
The company is offering its shares in the price range of Rs 555-585 per share. The IPO will close on June 23, 2023.
Pentagon Rubber is a well-established company with a strong track record of growth. The company has been in operation for over 30 years and has a market share of over 20% in the Indian rubber products market.
The company's products are used in a wide range of industries, including automotive, construction, and electrical. Pentagon Rubber has a strong brand image and a loyal customer base.
The company is planning to use the proceeds from the IPO to expand its manufacturing capacity and to fund its research and development initiatives.
The IPO is being managed by ICICI Securities and Kotak Mahindra Capital.
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