The Presstonic Engineering IPO date has been confirmed to have started on December 11 and ended on December 13.
Using an IPO, Presstonic Engineering is seeking to raise Rs 23.30 crore. Its price is ₹72 per share and 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.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
December 11-13
Price Range
₹72 per share
Face Value
₹10 per share
GMP
₹72
Presstonic Engineering IPO GMP
The Presstonic Engineering Limited IPO GMP 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
Presstonic Engineering Limited, founded in June 1996, specialises in the production of Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure. These goods are offered to both global and domestic OEMs involved in the production and maintenance of rail and metro rail rolling stock and signalling equipment. The production facility is 28,317.50 square feet and is outfitted with cutting-edge technology, equipment, and instruments capable of producing a wide range of products for railways and metros.
Registrar Info
| Name | CAMEO CORPORATE SERVICES LIMITED |
| Phone number | +91-44 4002 0700, 28460390 |
| Email ID | ipo@cameoindia.com |
| Website | ipo.cameoindia.com |
Contact Details
| Name | PRESSTONIC ENGINEERING LIMITED |
| Phone number | +91 80 23480001 |
| Email ID | cs@presstonengg.co |
| Website | presstonic.com |
IPO Strenghts
- 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.
