Presstonic Engineering IPO GMP, Review, Price, Allotment

The Presstonic Engineering IPO date has been confirmed to have started on December 11 and ended on December 13. Read the post to learn about Presstonic Engineering IPO GMP.

Using an IPO, Presstonic Engineering is seeking to raise Rs23.30 crore. Its price is ₹ 72 per share and the  minimal lot size for an  operation is 1600 shares. The  minimal  quantum of investment  needed by retail investors is ₹ 115,200. The  minimal lot size investment for HNI is 2 lots( 3,200 shares) amounting to ₹ 230,400.

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Key Details Of Presstonic Engineering IPO:

Presstonic Engineering IPO GMP

The Presstonic Engineering Limited IPO GMP Today is  ₹72.

IPO Overview​

The Presstonic Engineering IPO is a fixed-price offering for Rs 23.30 crore. The issue is a completely new issue of 32.37 lakh shares. Presstonic Engineering’s initial public offering (IPO) begins on December 11, 2023 and concludes on December 13, 2023. The Presstonic Engineering IPO allotment is planned to be completed on Thursday, December 14, 2023. The Presstonic Engineering IPO will be listed on the NSE SME on Monday, December 18, 2023. The IPO price for Presstonic Engineering is $72 per share. An application requires a minimum lot size of 1600 shares. Retail investors are obliged to make a minimum investment of 115,200. For HNI, the minimum lot size investment is two lots (3,200 shares) totaling 230,400.

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 are all available from the company. IP-rated enclosures, beacon mounting brackets, ballastless support brackets, DCS masts, ladder assemblies with DCS mast platforms, steel structures, aluminum murals, solar panel support structures, wire forms, and cable trays are also produced.Panels, wire forms, and cable trays are all examples of R panels.

Presstonic Engineering IPO Details

Presstonic Engineering IPO Dates	11 – 13 December 2023
Presstonic Engineering Issue Price	INR 72 per share
Fresh issue	32,36,800 shares (INR 23.30 crore)
Offer For Sale	NIL
Total IPO size	32,36,800 shares (INR 23.30 crore)
Minimum bid (lot size)	1,600 shares (INR 115,200)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE SME

Presstonic Engineering Financial Performance

	FY 2021	FY 2022	FY 2023	H1 FY 2024
Revenue	761.36	1,262.80	2,103.06	1,425.21
Expenses	791.25	1,250.77	1,757.71	1,228.10
Net income	(16.94)	14.06	256.14	152.21

Presstonic Engineering IPO Dates and Listing Performance

IPO Opening Date	11 December 2023
IPO Closing Date	13 December 2023
Finalization of Basis of Allotment	14 December 2023
Initiation of refunds	15 December 2023
Transfer of shares to demat accounts	15 December 2023
IPO Listing Date	18 December 2023
Opening Price on NSE SME	Coming soon
Closing Price on NSE SME	Coming soon

Company Profile​

IPO Strengths

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

IPO Weakness

• Heavy reliance on customers based in the United States.
• Need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

Presstonic Engineering IPO FAQs