Presstonic Engineering is set to launch an IPO which will open on December 11, 2023, and close on December 13, 2023. Through this public offer company wants to raise Rs. 23.30 Crore from the primary market, The Company fixed the price band of Rs. 72 with a minimum lot of 1600 shares and listed on December 18, according to the preliminary papers filed to the capital market regulator SEBI.
About Presstonic Engineering Company
Presstonic Engineering is engaged in manufacturing Metro Rail Rolling stock products, Metro Rail signaling, products, infrastructure products, and supplies to renowned global and domestic OEMs engaged in the Rail and Metro Rail Rolling stock, etc.
The company’s manufacturing facility is located in Bangalore.
Metro Rail Rollings Stock Products list:
SS Saloon Bucket Type Seat, SS Saloon plain type seat, SS Saloon Flip-up seat, Passage door, Sensor Box, Air ducts, slotted channels, etc
Presstonic Engineering IPO Object
The objects of which the net proceeds from the issue shall be utilized are as follows:
- Funding capital expenditure toward the purchase of plants and machinery
- Prepayment in full of certain outstanding borrowings
- Working capital requirement
- General Corporate and issue-related expenses Purposes
Suraj Estate Developer’s Strength
- Smooth flow of operation
- Well-defined organization structure
- Well-established manufacturing facilities
- Quality assurance and accreditations
- Diversified product portfolio
Presstonic Engineering IPO Review & Rating
| Issue Size (Rs.) | 23.30 crore |
| Issue Price (Rs.) | 72 per share |
| Minimum Lot Size | 1600 shares |
| Total Profit (March 2023) (Rs.) | 2.56 crore |
| P/E (%) | 6.28 % |
| NAV (Rs.) | 11.04 |
| Listing on | NSE Emerge |
| IPO Deliver Rating | Five |
Presstonic Engineering IPO Dates, Price Band & Details
Presstonic Engineering IPO will open on December 11, 2023, and close on December 13, 2023. The IPO list on December 18, 2023.
| Type of issue | Fixed Price Issue IPO |
| Issue Size (Rs.) | 23.30 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | December 11, 2023 |
| IPO Close Date | December 13, 2023 |
| IPO Allotment Date | December 14, 2023 |
| Refund Date | December 15, 2023 |
| Share Credit Date | December 15, 2023 |
| Listing Date | December 18, 2023 |
Presstonic Engineering IPO Offer
Presstonic Engineering IPO’s total issue size is 32,36,800 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 32,36,800 | 23.30 Crore |
| Offer for Sale (OFS) | – | – |
Presstonic Engineering Financials Review (lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 2113.27 | 1272.21 | 769.44 |
| Net Worth | 493.36 | 237.22 | 223.16 |
| Profit | 256.14 | 14.06 | (16.94) |
| Borrowings | 1645.27 | 1797.08 | 1774.95 |
Presstonic Engineering IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 11.46 | 0.63 | (0.76) |
| RoNW (%) | 51.92 | 5.93 | (7.59) |
| NAV (Rs.) | 11.04 | 5.31 | 4.99 |
Presstonic Engineering IPO Peer Comparison (Top 2)
There are no listed companies in India that are comparable in all aspects of the business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| – | – | – | – |
| – | – | – | – |
Presstonic Engineering Company Promoters
As per the DRHP and RHP, the company has two promoters.
| Serial No. | Name |
| 01. | Herga Poornachandra Kedilaya |
| 02. | Yermal Giridhar Rao |
Presstonic Engineering Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 99.97 |
| Post- Issue | 57.99 |
Presstonic Engineering IPO Reservation
Presstonic Engineering IPO total reservation shares are distributed between the below-mentioned categories.
| Category | No. of Shares |
| RII Share Offered | Not more than 50% of the issue size |
| Others Offered | Not more than 50% of the issue size |
Presstonic Engineering IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 1600 Shares and a maximum of 1 lot of 1600 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 01 | 1600 | 1,15,200 |
| Retail Maximum | 01 | 1600 | 1,15,200 |
Presstonic Engineering IPO – Prospectus
An investor can download/view the Presstonic Engineering prospectus copy, which the company filed to SEBI, details are as follows.
| Presstonic Engineering IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Presstonic Engineering IPO Registrar
Camero Corporate Services Limited
Tel No.: +91-44-40020700
E-Mail: ipo@cameoindia.com
Website: www.cameoindia.com
Presstonic Engineering IPO lead manager
Finshore Management Services Limited
Tel No.: +91-033-22895101
E-Mail: info@finshoregroup.in
Website: www.finshoregroup.in
Presstonic Engineering IPO Application (How to Apply for an IPO)
There are four primary options for applying for a Presstonic Engineering IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Presstonic Engineering Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Presstonic Engineering Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Presstonic Engineering Company Details
Presstonic Engineering Limited
Registered Office: Sy. No. 2, Khatha No. 145, Hoysala Main Road, Pillappa Industrial Layout, Shirgandhadakavalu, Sunkadakatte, Bangalore, Karnataka-560091
Tel. No: +91-80234 80001
Email: cs@presstoengg.com
Website: www.presstonic.com
Investor Grievances/Compliance Officer: Sudha Ganjanana Hegde
Presstonic Engineering Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Presstonic Engineering Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Herga Poornachandra Kedilaya |
| 02. | Yermal Giridhar Rao |
Presstonic Engineering IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Presstonic Engineering IPO?
Ans: Presstonic Engineering brings its SME IPO of Rs. 23.30 crores, on December 11, 2023, with a price band of Rs. 72 per share.
Q-2 What is the Presstonic Engineering IPO Open date?
Ans: Presstonic Engineering IPO’s opening date is December 08, 2023.
Q-3 What is the Presstonic Engineering IPO Close Date?
Ans: Presstonic Engineering IPO’s closing date is December 13, 2023.
Q-4 What is the Presstonic Engineering IPO Listing date?
Ans: Presstonic Engineering IPO listing date is December 18, 2023.
Q-5 What is Presstonic Engineering IPO Minimum investment amount?
Ans: Presstonic Engineering IPO minimum investment amount is Rs. 1,15,200.
Q-6 What is the Presstonic Engineering IPO offer issue Size?
Ans: Presstonic Engineering offers an issue size of Rs. 23.30 crores.
Q-7 What is the Presstonic Engineering IPO Price Band?
Ans: Presstonic Engineering IPO price band is Rs. 72 per share.
Q-8 Is Presstonic Engineering IPO mainboard IPO or SME IPO?
Ans: Presstonic Engineering IPO is an SME IPO.
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