Fixed Price IPO | ₹23 Cr | Listed at NSE SME | Mon, Dec 11, 2023 - Wed, Dec 13, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Dec 11, 2023
IPO Close
Wed, Dec 13, 2023
Issue Price
₹72 per share
Market Cap (Pre-IPO)
₹55.49 Cr
| IPO Date | 11 to 13 Dec, 2023 |
| Listed on | Mon, Dec 18, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 32,36,800 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 1,63,200 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 30,73,600 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 30,73,600 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 44,70,680 shares |
| Share Holding Post Issue | 77,07,480 shares |
| NSE Symbol | PRESSTONIC |
| ISIN | INE0R1601012 |
Presstonic Engineering IPO comprises a total issue size of 32,36,800 shares. The net offer to the public is 30,73,600 shares, after excluding 1,63,200 shares allotted on a firm basis. Of the Net offer 15,36,000 (49.97%) allocated to NII 15,37,600 (50.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,36,000 | 49.97% | 47.45% |
| Retail Shares Offered | 15,37,600 | 50.03% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,63,200 | 5.04% | |
| Total Shares Offered | 32,36,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 28.51 | 27.38 | 24.97 | 23.87 |
| Total Income | 14.32 | 21.13 | 12.72 | 7.69 |
| Profit After Tax | 1.52 | 2.56 | 0.14 | -0.17 |
| NET Worth | 6.46 | 4.93 | 2.37 | 2.23 |
| Reserves and Surplus | 1.99 | 2.70 | 0.14 | -0.00 |
| Total Borrowing | 15.37 | 16.45 | 17.97 | 17.75 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of additional plant and machinery | 2.32 |
| 2 | Prepayment in full of certain borrowings availed by the Company | 5.00 |
| 3 | Working Capital Requirements | 9.23 |
| 4 | General Corporate Expenses | 3.50 |
| Total | 20.06 |
| KPI | |
|---|---|
| ROE | 115% |
| ROCE | 87% |
| Debt/Equity | 0.98 |
| RoNW | 51.92% |
| PAT Margin | 12.18% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.73 | |
| P/E (x) | 6.28 | 18.23 |
| Promoter Holding | 99.97% | 57.99% |
| Market Cap | ₹55.49 Cr. |
The Presstonic Engineering IPO is subscribed 168.25 times on December 13, 2023 7:29:00 PM (Day 3). The public issue subscribed 188.94 times in the retail category, [.] times in the QIB category, and 133.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 133.56 | 15,37,600 | 20,53,63,200 |
| Retail | 188.94 | 15,36,000 | 29,02,19,200 |
| Total | 168.25 | 30,73,600 | 51,71,23,200 |
Total Application : 1,81,387
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees, Underwriting commission, including other intermediaries Fees, Printing and distribution of Issue Stationary | 0.38 |
| 2 | Regulators Including Stock Exchanges | 0.12 |
| 3 | Advertising and Marketing Expenses | 2.75 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹140.00 |
| Low | ₹133.00 |
| High | ₹147.00 |
| Last Trade | ₹147.00 |
Lead Manager Reports
Presstonic Engineering IPO is a SME IPO of 32,36,800 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Dec 11, 2023, and closes on Wed, Dec 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 Mon, Dec 11, 2023 and closes on Wed, Dec 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 Fri, Dec 15, 2023. Check the Presstonic Engineering IPO allotment status.
The Presstonic Engineering IPO listing date is on Mon, Dec 18, 2023.
