Presstonic Engineering IPO Overview:
Get ready for the Presstonic Engineering IPO, scheduled to open on December 11 and conclude on December 13. This NSE SME IPO aims to raise ₹23.30 crores, with a fixed price band set at ₹72 and a market lot of 1600 shares.
Presstonic Engineering specializes in manufacturing Metro Rail Rolling Stock Products, Metro Rail Signalling Products, and Infrastructure Products. The company supplies its products to renowned Global and Domestic OEMs involved in the Rail and Metro Rail Rolling stock and Signalling equipment manufacturing and servicing.
Situated in North Bangalore, Karnataka, their manufacturing facility spans approximately 28,317.50 sq. ft. and is equipped with state-of-the-art machinery, equipment, and instruments capable of producing a diverse range of products for Railways and Metros.
Commencing operations in 2011 in the Metro Rail Segment, Presstonic Engineering has steadily expanded its presence, broadened its scope of services, and enhanced capabilities and expertise. The company has consistently provided cost-effective and customized solutions to meet the standardized quality requirements of customers in railway and infrastructure sectors.
Presstonic Engineering’s business model emphasizes customized solutions and the manufacturing of innovative, solution-oriented products. Their Research and Development (R&D) Division, located within the manufacturing unit, conducts necessary trials, tests, and develops technologies to create customizable products that comply with customer quality requirements and regulatory standards. The R&D Division plays a crucial role in meeting the diverse needs and demands of customers, ensuring a performance-oriented approach through in-house developed technologies. As the company steps into the IPO arena, it brings a legacy of innovation and a commitment to meeting the evolving needs of the Rail and Metro Rail industry.
Purpose of the Offering:
- Supporting the purchase of additional plant and machinery through capital expenditure funding.
- Clearing specific borrowings entirely.
- Addressing the day-to-day operational needs by meeting working capital requirements.
- Covering the expenses associated with the IPO issuance.
- Addressing general corporate needs and purposes.
Presstonic Engineering IPO Review (Apply or Not)
- May Apply
Presstonic Engineering IPO: Information on Date and Price Band.
| IPO Open: | 11-December-2023 |
| IPO Close: | 13-December-2023 |
| IPO Size: | Approx ₹23.30 Crores, 3,236,800 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹72 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
The market lot for Presstonic Engineering IPO
To get on board with the Presstonic Engineering IPO, the smallest investment package comprises 1600 shares, requiring an application amount of ₹115,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹115,200 |
| Retail Maximum | 1 | 1600 | ₹115,200 |
| S-HNI Minimum | 2 | 3200 | ₹230,400 |
Presstonic Engineering IPO: Allotment and Listing Dates.
Circle December 11 on your calendar as the opening day of the Presstonic Engineering IPO, wrapping up on December 13. Anticipate the announcement of IPO allotments on December 14, with the exciting possibility of the IPO being listed on December 18.
| IPO Open Date: | 11-December-2023 |
| IPO Close Date: | 13-December-2023 |
| Basis of Allotment: | 14-December-2023 |
| Refunds: | 15-December-2023 |
| Credit to Demat Account: | 15-December-2023 |
| IPO Listing Date: | 18-December-2023 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Applying for Presstonic Engineering IPO
Interested in joining the Presstonic Engineering IPO? It’s a straightforward process! First, make use of the ASBA (Application Supported by Blocked Amount) feature in your bank account. Log in to your online banking, visit the Invest section, and choose the Presstonic Engineering IPO for your application.
Alternatively, you can take the traditional route by downloading IPO forms directly from the NSE website. Click on NSE IPO Forms, grab the Presstonic Engineering forms, fill them out, and then either submit them at your bank or hand them over to your broker. It’s as simple as that!
Presstonic Engineering Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹7.69 | ₹7.91 | ₹0.16 |
| 2022 | ₹12.72 | ₹12.51 | ₹0.14 |
| 2023 | ₹21.13 | ₹17.58 | ₹2.56 |
| 2023 6M | ₹14.32 | ₹12.28 | ₹1.52 |
Presstonic Engineering IPO Valuation – FY2023
Check Presstonic Engineering IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹11.46 per Equity Share |
| Price/Earning P/E Ratio: | 6.28 |
| Return on Net Worth (RoNW): | 51.92% |
| Net Asset Value (NAV): | ₹11.04 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Herga Poornachandra Kedilaya
- Mr. Yermal Giridhar Rao
Presstonic Engineering IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Presstonic Engineering IPO Allotment Status
Check Presstonic Engineering IPO allotment status on Cameo Corporate website URL. Click Here
Presstonic Engineering IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Limited
Company Address
Presstonic Engineering Limited
Sy. No. 2, Khatha No. 145, Hoysala Main Road,
Pillappa Industrial Layout, Srigandhadakavalu,
Sunkadakatte, Viswaneedam, Bangalore, 560091
Phone: +91 80 23480001
Email: cs@presstonengg.com
Website: https://presstonic.com/
