Presstonic Engineering Limited is gearing up for its IPO scheduled to be available for subscription from December 11th to December 13th, 2023. The company specializes in the manufacturing and distribution of a diverse range of products, including Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure Products, catering to both global and domestic Original Equipment Manufacturers (OEMs). The IPO comprises a fresh issue of 3,236,800 shares valued at Rs. 23.30 crore. Allocation of shares is set for December 14th, with the IPO slated for listing on the stock exchanges on December 18th. Each share is priced at Rs. 72, and the lot size stands at 1600 shares. Finshore Management Services Limited is serving as the book-running lead manager for this IPO, while Cameo Corporate Services Limited has been appointed as the registrar.
Presstonic Engineering Limited, founded in 1996, specializes in producing and delivering Metro Rail Rolling Stock, Signalling, and Infrastructure Products to both global and domestic Original Equipment Manufacturers (OEMs). Their expansive manufacturing facility, sprawling across 28,317.50 square feet in Bangalore, Karnataka, reflects their commitment to production excellence.
The company prides itself on quality, holding an ISO 9001:2015 certificate from MTIC Intercert India Private Limited for stringent quality management. Additionally, it boasts EN 15085-2 Certification level CL2 for welding railway vehicles and components under the type of Activity P, solidifying its dedication to industry standards and precision engineering.
Presstonic Engineering Limited is gearing up for its IPO scheduled to be available for subscription from December 11th to December 13th, 2023. Allocation of shares is set for December 14th, 2023, with the IPO slated for listing on the stock exchanges on December 18th.
| IPO Open Date | 11th December 2023 (Monday) |
| IPO Close Date | 13th December 2023 (Wednesday) |
| Allotment Date | 14th December 2023 (Thursday) |
| Initiation of Refunds | 15th December 2023 (Friday) |
| Credit to Demat Account | 15th December 2023 (Friday) |
| Listing Date | 18th December 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 13th December 2023 (Wednesday) |
| IPO Date | 11th to 13th December 2023 |
| Listing Date | 18th December 2023 |
| Face Value | Rs. 10 per share |
| Price | Rs. 72 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,236,800 shares (aggregating up to Rs. 23.30 Cr) |
| Fresh Issue | 3,236,800 shares (aggregating up to Rs. 23.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,470,680 |
| Share holding post issue | 7,707,480 |
| Market Maker portion | 163,200 shares |
Presstonic Engineering Limited experienced a noteworthy surge in revenue, marking a 66.11% increase, while their profit after tax (PAT) exhibited remarkable growth, soaring by 1721.76% from the financial year ending on March 31, 2022, to March 31, 2023.
Period Ended |
30 Sep 2023 |
31 Mar 2023 |
31 Mar 2022 |
31 Mar 2021 |
| Assets | 2,850.69 | 2,737.68 | 2,496.71 | 2,386.97 |
| Revenue | 1,431.67 | 2,113.27 | 1,272.21 | 769.44 |
| Profit After Tax | 152.21 | 256.14 | 14.06 | -16.94 |
| Net Worth | 645.57 | 493.36 | 237.22 | 223.16 |
| Reserves and Surplus | 198.50 | 269.83 | 13.69 | -0.37 |
| Total Borrowing | 1,536.97 | 1,645.27 | 1,797.08 | 1,774.95 |
| Amount in Rs. Lakhs | ||||
The GMP serves as an insightful mirror of a stock's narrative. Analyzing Presstonic Engineering IPO's GMP trend:
DATE |
GMP |
| 11th December 2023 | Rs. 32 |
| 10th December 2023 | Rs. 32 |
| 9th December 2023 | Rs. 23 |
This trend indicates an opening GMP around Rs.23, escalating to Rs.32 over the following days. However, it's crucial to await subscription figures post the IPO opening on December 11, 2023, as these significantly influence GMP. Typically, oversubscribed IPOs see a notable surge in grey market prices.
Considering Presstonic Engineering Ltd's fixed IPO price at Rs.72, the GMP signals a potential listing price around Rs.104 per share on December 18, 2023. Yet, GMP is dynamic and subject to change. The GMP of Rs.32 implies a robust 44.44% premium over the IPO price, suggesting a potential listing near Rs.104 per share. However, these are estimates, warranting caution and continuous monitoring of the GMP trend for accurate listing insights.
What is Presstonic Engineering IPO?
Presstonic Engineering's SME IPO offers 3,236,800 equity shares at Rs. 72 each, totaling Rs. 23.30 Crores. With a minimum order of 1600 shares, the IPO opens on December 11, 2023, closing on December 13, 2023. Cameo Corporate Services Limited serves as the IPO's registrar, and the shares are set for listing on NSE SME.
When Presstonic Engineering IPO will open for apply?
The subscription window for the Presstonic Engineering IPO commences on December 11, 2023, concluding on December 13, 2023.
What are the minimum lot size and investment needed for participating in the Presstonic Engineering IPO?
The Presstonic Engineering IPO necessitates a minimum lot size of 1600 shares, requiring an investment of Rs. 1,15,200.
When is Presstonic Engineering IPO allotment date?
The Basis of Allotment for the Presstonic Engineering IPO will be concluded on Thursday, December 14, 2023. Allotted shares will reflect in your demat account by Friday, December 15, 2023.
What is the Presstonic Engineering IPO listing date?
Presstonic Engineering's IPO is scheduled for listing on December 18, 2023.
What is the price band of Presstonic Engineering IPO?
The price for Presstonic Engineering IPO is Rs. 72 per share.
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