Presstonic Engineering Limited IPO Detail
Incorporated in June 1996, Presstonic Engineering Limited is a company that specializes in manufacturing products for Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure. These products are supplied to both Global and Domestic OEMs engaged in manufacturing and servicing Rail and Metro Rail Rolling Stock and Signalling equipment.
The manufacturing facility spans over 28,317.50 sq.ft. and is equipped with the latest machinery, equipment, and instruments capable of manufacturing diverse products for railways and metros.
The company offers a wide range of products, including 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. They also manufacture IP-rated enclosures, beacon mounting brackets, ballastless support brackets, DCS masts, ladder assemblies with DCS mast platforms, Steel Structures, Aluminum Murals, Support Structures for Solar Panels, Wire Forms, and Cable Trays.r Panels, Wire Forms, and Cable Trays.
The competitive strength of the company lies in the following:-
- Organizational stability, coupled with effective management expertise.
- Efficient and seamless functioning of tasks.
- Well-defined organizational structure
- This manufacturing facility is well-established and designed to cater to various product needs. It also has existing supplier relationships.
Company Promoters
Mr. Herga Poornachandra Kedilaya and Mr. Yermal Giridhar Rao.IPO Details
| IPO Opening Date | Dec 11, 2023 |
| IPO Closing Date | Dec 13, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹72 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹23.30 Cr |
| Fresh Issue | ₹23.30 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 5.88x | 27.53x | 16.71x | |
| Day 2 | - | - | 21.67x | 77.43x | 49.57x | |
| Day 3 | - | - | 133.56x | 188.94x | 168.25x |
IPO Tentative Timetable
The Presstonic Engineering Limited IPO open date is Dec 11, 2023, and the close date is Dec 13, 2023. The issue may list on Dec 18, 2023.
| IPO Open Date | Dec 11, 2023 |
| IPO Close Date | Dec 13, 2023 |
| Basis of Allotment Date | Dec 14, 2023 |
| Initiation of Refunds | Dec 15, 2023 |
| Credit of Shares to Demat Account | Dec 15, 2023 |
| IPO Listing Date | Dec 18, 2023 |
IPO Lot Size
The Presstonic Engineering Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹115200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹115200 |
| Maximum | 1 | 1600 | ₹115200 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 57.99% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2386.97 | 769.44 | -16.94 |
| 31-Mar-22 | 2496.71 | 1272.21 | 14.06 |
| 31-Mar-23 | 2737.68 | 2113.27 | 256.14 |
Objects of the Issue:
The Objects of the Issue are:
- Funding Capital Expenditure towards the purchase of additional plant and machinery
- Prepayment in full of certain borrowings availed by the Company
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes.
Presstonic Engineering Limited IPO Registrar:
Cameo Corporate Services Limited
Presstonic Engineering Limited IPO Lead Manager(s):
Finshore Management Services Limited
Company Contact Information:
Presstonic Engineering Limited
Sy. No. 2, Khatha No. 145, Hoysala Main Road,
Pillappa Industrial Layout, Srigandhadakavalu,
Sunkadakatte, Viswaneedam, Bangalore, 560091
