Presstonic Engineering Limited
- IPO Date11 Dec, 2023 to 13 Dec, 2023
- Listing Date18 Dec, 2023
- Face Value₹10 per share
- Issue Price₹72 to ₹72 per share
- Lot Size1600 Shares
- Minimum Investment₹1,15,200
- Listing AtNSE SME
- Total Issue Size32,36,800 Shares
(aggregating up to ₹23.30 Cr) - Fresh Issue32,36,800 Shares
(aggregating up to ₹23.30 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue44,70,680
- Shareholding post issue77,07,480
IPO Dates
Closing Date
13 Dec, 2023
Initiation of Refunds
15 Dec, 2023
Listing Date
18 Dec, 2023
11 Dec, 2023
Opening Date
14 Dec, 2023
Basis of Allotment
15 Dec, 2023
Credit of Shares
Presstonic Engineering Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1600 | ₹1,15,200 |
| Retail (Min) | 1 | 1600 | ₹1,15,200 |
| HNI (Min) | 2 | 3200 | ₹2,30,400 |
Presstonic Engineering Limited Promoter Holding
The Promoters of the company are Mr. Herga Poornachandra Kedilaya and Mr. Yermal Giridhar Rao.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.97% | 57.99% |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 115% |
| ROCE | 87% |
| RoNW | 51.92% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.28 | 5.73 |
| P/E (x) | 6.28 | 5.73 |
Presstonic Engineering Limited COMPANY INFORMATION
Presstonic Engineering IPO is a fixed price issue of Rs 23.30 crores. The issue is entirely a fresh issue of 32.37 lakh shares. Presstonic Engineering IPO opens for subscription on December 11, 2023 and closes on December 13, 2023. The allotment for the Presstonic Engineering IPO is expected to be finalized on Thursday, December 14, 2023. Presstonic Engineering IPO will list on NSE SME with tentative listing date fixed as Monday, December 18, 2023. Presstonic Engineering IPO price is ₹72 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹230,400. Finshore Management Services Limited is the book running lead manager of the Presstonic Engineering IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Presstonic Engineering IPO is Nikunj Stock Brokers. Refer to Presstonic Engineering IPO RHP for detailed information.
Incorporated in June 1996, Presstonic Engineering Limited is a company that specializes in manufacturing products for Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure. These products are supplied to both Global and Domestic OEMs engaged in manufacturing and servicing Rail and Metro Rail Rolling Stock and Signalling equipment.
The manufacturing facility spans over 28,317.50 sq.ft. and is equipped with the latest machinery, equipment, and instruments capable of manufacturing diverse products for railways and metros.
The company offers a wide range of products, including Rolling Stock Interior Products such as Saloon Bucket/Plain Type Seats, Custom Colored Engineered Handles, Grab Pole Systems, Hand Rail Systems, Emergency Evacuation Ramps, and Honeycomb Partition Panels. They also manufacture IP-rated enclosures, beacon mounting brackets, ballastless support brackets, DCS masts, ladder assemblies with DCS mast platforms, Steel Structures, Aluminum Murals, Support Structures for Solar Panels, Wire Forms, and Cable Trays.r Panels, Wire Forms, and Cable Trays.
The competitive strength of the company lies in the following:-
- Organizational stability, coupled with effective management expertise.
- Efficient and seamless functioning of tasks.
- Well-defined organizational structure
- This manufacturing facility is well-established and designed to cater to various product needs. It also has existing supplier relationships.
FAQs About Presstonic Engineering Limited
Presstonic Engineering Limited will open on 11 Dec, 2023 and close on 13 Dec, 2023. Investors must apply within this period to participate.
The Presstonic Engineering Limited price band is set between ₹72.00 and ₹72.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹115200.00.
The Presstonic Engineering Limited shares are expected to be listed on 18 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Presstonic Engineering Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Presstonic Engineering Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.