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Presstonic Engineering IPO is a fixed price issue of ₹23.30 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹23.30 crore.
Presstonic Engineering IPO bidding started from Dec 11, 2023 and ended on Dec 13, 2023. The allotment for Presstonic Engineering IPO was finalized on Dec 14, 2023. The shares got listed on NSE SME on Dec 18, 2023.
Presstonic Engineering IPO price is ₹72.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,15,200 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,30,400.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Presstonic Engineering IPO RHP for detailed Information.
| IPO Date | December 11, 2023 to December 13, 2023 |
| Listing Date | December 18, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,36,800 shares (aggregating up to ₹23.30 Cr) |
| Reserved for Market Maker | 1,63,200 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.18 Cr) |
| Net Offered to Public | 30,73,600 shares (aggregating up to ₹22.13 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 44,70,680 shares |
| Share Holding Post Issue | 77,07,480 shares |
Presstonic Engineering IPO offers total 32,36,800 shares. Out of which 15,36,000 (47.45%) allocated to NII, 15,37,600 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,63,200 (5.04%) |
| NII (HNI) Shares Offered | 15,36,000 (47.45%) |
| Retail Shares Offered | 15,37,600 (47.50%) |
| Total Shares Offered | 32,36,800 (100.00%) |
Presstonic Engineering IPO opens on December 11, 2023, and closes on December 13, 2023.
| IPO Open Date | Mon, Dec 11, 2023 |
| IPO Close Date | Wed, Dec 13, 2023 |
| Tentative Allotment | Thu, Dec 14, 2023 |
| Initiation of Refunds | Fri, Dec 15, 2023 |
| Credit of Shares to Demat | Fri, Dec 15, 2023 |
| Tentative Listing Date | Mon, Dec 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 13, 2023 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,15,200 |
| Retail (Max) | 1 | 1,600 | ₹1,15,200 |
| HNI (Min) | 2 | 3,200 | ₹2,30,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1996, Presstonic Engineering Limited manufactures products for Metro Rail Rolling Stock, Metro Rail Signalling and Infrastructure.
Presstonic Engineering manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, and Infrastructure Products for global and domestic OEMs engaged in the manufacture and maintenance of rail and metro rail rolling stock and signaling equipment.
The company's product portfolio includes:
The company's manufacturing facility is located in Viswaneedam, Bangalore, and is spread over 28,317.50 sq. ft.
Presstonic Engineering Limited's revenue increased by 66.11% and profit after tax (PAT) rose by 1721.76% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 |
| Total Income | 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 ₹ Lakhs | ||||
The market capitalization of Presstonic Engineering IPO is ₹55.49 Cr.
| KPI | Values |
|---|---|
| ROE | 115% |
| ROCE | 87% |
| Debt/Equity | 0.98 |
| RoNW | 51.92% |
The Objects of the Issue are:
[Dilip Davda] The company is in the business of Metro Rail/Infra related products manufacturing and marketing. It posted steady growth in its top lines for the reported periods, but sudden surge in its bottom lines from FY23 onwards raised eyebrows and concern over its sustainability. Based on super FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long-term rewards. Read detail review...
| Listing Date | December 18, 2023 |
| BSE Script Code | |
| NSE Symbol | PRESSTONIC |
| ISIN | INE0R1601012 |
| Final Issue Price | ₹72 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹140.00 |
| Low | ₹133.00 |
| High | ₹147.00 |
| Last Trade | ₹147.00 |
Presstonic Engineering Ltd.
Sy. No. 2, Khatha No. 145, Hoysala Main Road,
Pillappa Industrial Layout, Srigandhadakavalu,
Sunkadakatte, Viswaneedam,
Bangalore Urban, Karnataka, 560091
Phone: +91 80 23480001
Email: cs@presstonengg.com
Website: https://presstonic.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Presstonic Engineering IPO is a SME IPO of 32,36,800 equity shares of the face value of ₹10 aggregating up to ₹23.30 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on December 11, 2023, and closes on December 13, 2023.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Presstonic Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Presstonic Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Presstonic Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Presstonic Engineering IPO opens on December 11, 2023 and closes on December 13, 2023.
Presstonic Engineering IPO lot size is 1600, and the minimum amount required for application is ₹1,15,200.
You can apply in Presstonic Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Presstonic Engineering IPO will be done on Thursday, December 14, 2023, and the allotted shares will be credited to your demat account by Friday, December 15, 2023. Check the Presstonic Engineering IPO allotment status.
The Presstonic Engineering IPO listing date is on Monday, December 18, 2023.
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