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Presstonic Engineering Limited IPO

Presstonic Engineering Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
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Subscription:
Listed Price: ₹ 140.00 (+94.44%)

Presstonic Engineering Limited's successfully transitioned to public market status with its listing on NSE on 18-12-2023. The IPO mobilized 32,36,800 Shares in cumulative capital, including 32,36,800 Shares for corporate expansion.

The public offering was conducted within the price parameters of ₹72 to ₹72, with minimum investment lots of 1600 shares. subscription activity between 11-12-2023 and 13-12-2023 demonstrated market reception to the company's valuation and growth narrative.

The allotment process concluded on 14-12-2023, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.

Presstonic Engineering IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Presstonic Engineering IPO Key Performance Indicator
Company Financials ( In Lakhs )

Presstonic Engineering IPO About Company

Incorporated in June 1996, Presstonic Engineering Limited is a manufacturing company that makes specialised products used in Metro Rail rolling stock, signalling systems, and infrastructure. The company supplies its products to global and Indian OEMs involved in building and servicing trains and metro systems. Its manufacturing facility covers around 28,317 sq.ft. and is equipped with modern machines to produce a variety of components. Presstonic makes products like metro seats, grab poles, handrails, honeycomb panels, emergency ramps, IP-rated enclosures, mounting brackets, steel and aluminium structures, solar panel supports, ladder assemblies, wire forms, and cable trays which are used in railways, metros, and related projects.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Presstonic Engineering IPO Strength Factors

  1. Stable Organization & Experienced Management: Strong leadership ensures strategic direction and sustainability.
  2. Efficient Operations: Smooth functioning and optimized task execution.
  3. Structured Organization: Clear hierarchy and defined roles support better coordination.
  4. Established Manufacturing Base: Well-developed plant with strong supplier relationships supports consistent production.

Presstonic Engineering IPO Risk Factors

NA


Presstonic Engineering IPO Lead Manager(s)

  • Finshore Management Services Limited

Presstonic Engineering IPO Promoter(s)

  1. Mr. Herga Poornachandra Kedilaya
  2. Mr. Yermal Giridhar Rao



Presstonic Engineering IPO Company Details

Presstonic Engineering Limited
Phone:
address:

Presstonic Engineering IPO Registrar

Cameo Corporate Services Limited
Name:
Phone:

Presstonic Engineering IPO FAQs