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Presstonic Engineering Ltd

Engineering

Offer Period :

11th to 13th Dec 2023

Established in 1996, Presstonic Engineering Ltd specializes in manufacturing Metro Rail Rolling Stock, Signalling, and Infrastructure products for global and domestic OEMs. Their portfolio includes interior and non-interior rolling stock items,. Read more... signaling products, and infrastructure components. The manufacturing facility in Bangalore spans 28,317.50 sq. ft.Read less

Presstonic Engineering Ltd IPO Details

IPO Date 11th to 13th Dec 2023 Minimum Investment ₹115200 / 1 Lots
Listing Date 2023-12-18 Maximum Investment ₹115200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹23.31 Crores
Price ₹72 to ₹72 per share Fresh Issue ₹23.31 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 11th to 13th Dec 2023
Listing Date 2023-12-18
Face Value ₹10 per share
Price ₹72 to ₹72 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹115200 / 1 Lots
Maximum Investment ₹115200 / 1 Lots
Total Issue Size ₹23.31 Crores
Fresh Issue ₹23.31 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

11th Dec

IPO Starts

13th Dec

IPO Ends

14th Dec

Allotment Date

15th Dec

Initiation of Refund

15th Dec

Credit of Shares to Demat Account

18th Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.97 57.99
Public Group 0.03 42.01

Presstonic Engineering Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1536000(47.45%)
Retail Shares Offered 1537600(47.5%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 3236800
Total Shares With Anchor Investor 3236800

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Presstonic Engineering Ltd IPO Registrar

Cameo Corporate Services Ltd
Phone Number +91-44-40020700, 28460390
Email Id ipo@cameoindia.com
Our Website www.cameoindia.com

Presstonic Engineering Ltd IPO Lead Manager

1. Finshore Management Services Ltd

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Presstonic Engineering Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Presstonic Engineering Ltd

1. Established and proven track record.

2. Leveraging the experience of its Promoters.

3. Experienced management team and a motivated and efficient work force.

4. Cordial relations with its customers.

5. Quality Assurance & Control.

Risks Involved

1. Its business is dependent on a few customers and the loss of, or a significant reduction in orders by such customers could adversely affect its business.

2. The company relies significantly on some suppliers for the supply of its raw materials. If these suppliers are unable or unwilling to supply raw materials on time or otherwise fail to meet its requirements, its business will be harmed. An inability to procure the desired quality, quantity of its raw materials and components in a timely manner and at reasonable costs, or at all, may have a material adverse effect on its business, results of operations and financial condition.

3. The company is affected by the prices, availability, and quality of the raw materials used in its production.

4. The Company has been incorporated upon conversion of Partnership Firm M/s. Presston Engineering Corporation thus its have limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

5. The company have only one manufacturing facility.

6. Delays or defaults in customer payments could adversely affect its financial condition.

7. Its success depends on stable and reliable logistics and transportation infrastructure. Disruption of logistics and transportation services could impair the ability of its suppliers to deliver materials or its ability to deliver materials to its customers and/ or increase the company transportation costs, which may adversely affect its operations.

8. If the company is unable to successfully implement its proposed expansion plans; its results of operations and financial condition could be adversely affected.

9. The Company is yet to place orders for purchase of machinery. Any delay in placing orders or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.

10. The Company faces the risk of Unexpected Costs overruns and Losses.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Presstonic Engineering Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-12-18 92232 PRESSTONIC
INE0R1601012
₹72 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹72 ₹72
Open ₹0 ₹140
Low ₹0 ₹133
High ₹0 ₹147
Low ₹0 ₹133

Frequently Asked Questions

What is Presstonic Engineering Ltd IPO?

Answer Field

Presstonic Engineering Ltd IPO is a SME IPO of 32,36,800 equity shares of a face value of ₹10 aggregating up to ₹23.31 Crores. The issue is priced at ₹72 to ₹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 Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Presstonic Engineering Ltd IPO will open?

Answer Field

The Presstonic Engineering Ltd IPO opens on December 11, 2023 and closes on December 13, 2023.

What is the lot size of Presstonic Engineering Ltd?

Answer Field

Presstonic Engineering Ltd lot size is 1600 shares, and the minimum amount required is ₹1,15,200.

How to apply for Presstonic Engineering Ltd IPO?

Answer Field

You can apply in Presstonic Engineering Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Presstonic Engineering Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Presstonic Engineering Ltd IPO will be done on December 14, 2023, and the allotted shares will be credited to your demat account by December 15, 2023.

When is Presstonic Engineering Ltd IPO listing date?

Answer Field

The Presstonic Engineering Ltd listing date is December 18, 2023.

Who is the registrar of Presstonic Engineering Ltd IPO?

Answer Field

The registrar of Presstonic Engineering Ltd IPO is Cameo Corporate Services Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Finshore Management Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Presstonic Engineering Ltd IPO?

Answer Field

The fresh issue size is ₹23.31 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Presstonic Engineering Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,15,200 amount.

How can I approve the UPI mandate request for Presstonic Engineering Ltd IPO?

Answer Field

To apply for Presstonic Engineering Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Presstonic Engineering Ltd?

Answer Field

The price of each Presstonic Engineering Ltd share will be ranging in between ₹72 to ₹72 per share.

What is the cut-off time for the UPI mandate for Presstonic Engineering Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 13, 2023.

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