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Presstonic Engineering IPO is a fixed price issue of Rs 23.30 crores. The issue is entirely a fresh issue of 32.37 lakh shares.
Presstonic Engineering IPO bidding started from December 11, 2023 and ended on December 13, 2023. The allotment for Presstonic Engineering IPO was finalized on Thursday, December 14, 2023. The shares got listed on NSE SME on December 18, 2023.
Presstonic Engineering IPO price is ₹72 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹230,400.
Finshore Management Services Limited is the book running lead manager of the Presstonic Engineering IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Presstonic Engineering IPO is Nikunj Stock Brokers.
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 |
| Price | ₹72 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,236,800 shares (aggregating up to ₹23.30 Cr) |
| Fresh Issue | 3,236,800 shares (aggregating up to ₹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 Nikunj Stock Brokers |
Presstonic Engineering IPO offers 3,236,800 shares. 1,537,600 (47.50%) to NII, 1,536,000 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 163,200 (5.04%) |
| Other Shares Offered | 1,537,600 (47.50%) |
| Retail Shares Offered | 1,536,000 (47.45%) |
| Total Shares Offered | 3,236,800 (100%) |
Presstonic Engineering IPO opens on December 11, 2023, and closes on December 13, 2023.
| IPO Open Date | Monday, December 11, 2023 |
| IPO Close Date | Wednesday, December 13, 2023 |
| Basis of Allotment | Thursday, December 14, 2023 |
| Initiation of Refunds | Friday, December 15, 2023 |
| Credit of Shares to Demat | Friday, December 15, 2023 |
| Listing Date | Monday, December 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 13, 2023 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹115,200 |
| Retail (Max) | 1 | 1600 | ₹115,200 |
| HNI (Min) | 2 | 3,200 | ₹230,400 |
| Lot Size Calculator | |||
The Promoters of the company are Mr. Herga Poornachandra Kedilaya and Mr. Yermal Giridhar Rao.
| Share Holding Pre Issue | 99.97% |
| Share Holding Post Issue | 57.99% |
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 |
| 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 ₹ Lakhs | ||||
The market capitalization of Presstonic Engineering IPO is Rs 55.49 Cr.
| KPI | Values |
|---|---|
| ROE | 115% |
| ROCE | 87% |
| Debt/Equity | 0.98 |
| RoNW | 51.92% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.73 | |
| P/E (x) | 6.28 | 18.23 |
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...
The Presstonic Engineering IPO is subscribed 168.25 times on December 13, 2023 7:29:00 PM. 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) |
|---|---|
| Other | 133.56 |
| Retail | 188.94 |
| Total | 168.25 |
Total Application : 181,387 (188.94 times)
| Listing Date | December 18, 2023 |
| BSE Script Code | |
| NSE Symbol | PRESSTONIC |
| ISIN | INE0R1601012 |
| Final Issue Price | ₹72 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹72.00 |
| ₹140.00 |
| ₹133.00 |
| ₹147.00 |
| ₹147.00 |
Presstonic Engineering Limited
Sy. No. 2, Khatha No. 145, Hoysala Main Road,
Pillappa Industrial Layout, Srigandhadakavalu,
Sunkadakatte, Viswaneedam, Bangalore, 560091
Phone: +91 80 23480001
Email: cs@presstonengg.com
Website: https://presstonic.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
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Presstonic Engineering IPO is a SME IPO of 3,236,800 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 Shares.
The IPO opens on December 11, 2023, and closes on December 13, 2023.
Cameo Corporate Services Limited 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 Shares, and the minimum amount required is ₹115,200.
You can apply in Presstonic Engineering IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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