Presstonic Engineering Limited IPO is set to launch on 11 December, 2023. The company initiated its business operations in 1996. The company manufactures products for Metro Rail Signalling, Metro Rail Rolling Stock and Infrastructure. The product portfolio of the company includes custom coloured engineered handles, Saloon bucket or plain seats, Handrail systems, Grab Pole systems, HOneycomb partition panels, Emergency evacuation ramps etc. The manufacturing facility of the company is located in Bangalore. Its area is close to 28350 sq ft. The company’s products are sold to various industries including the state and central government.
Presstonic Engineering Limited IPO is set to launch on 11 December, 2023. The subscription timeline extends till 13 December, 2023. The size for the IPO is 23.30 Crore Rs. Shares issued through fresh issue mode are worth 23.30 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 72 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Cameo Corporate Services Limited.
IPO OPENING DATE | 11 December, 2023 |
CLOSING DATE FOR IPO | 13 December, 2023 |
ISSUE TYPE | Fixed Price Issue |
Face Value per share | 10 Rs. per share |
IPO price band | 72 Rs per share |
LOT SIZE | 1600 shares |
MINIMUM ORDER QUANTITY | 1600 shares |
ISSUE SIZE | 23.30 Crore Rs. |
OFFER FOR SALE | No shares are issued through offer for sale mode |
FRESH ISSUE | 23.30 Crore Rs. |
LISTING AT | NSE SME |
LISTING DATE | 18 December, 2023 |
IPO OPENING DATE | 11 December, 2023 |
CLOSING DATE FOR IPO | 13 December, 2023 |
IPO ALLOTMENT DATE | 14 December, 2023 |
REFUNDS | 15 December, 2023 |
DEMAT A/C CREDITED ON | 15 December, 2023 |
IPO LISTING DATE | 18 December, 2023 |
Presstonic Engineering Limited IPO begins for subscription from 11 December, 2023. The IPO subscription would continue till 13 December, 2023. The allotment status for the shareholders who applied would come on 14 December, 2023. The refunds for the ones who did not get allotment would be initiated on 15 December, 2023. The DEMAT accounts of shareholders would be credited on 15 December, 2023. The listing of the company would be completed on 18 December, 2023.
The lead managers are :
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 115200 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 230400 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 1600 shares | 115200 Rs. |
Maximum | 3200 shares | 230400 Rs. |
Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
Asset | 2386 | 2496 | 2737 |
Revenue | 769 | 1272 | 2113 |
PAT | (-16) | 14 | 256 |
Presstonic Engineering Limited had an asset base of 2386 Lakh Rs in 2021. This increased to 2496 Lakh Rs in 2022 and 2737 Lakh Rs in 2023. The revenue of the firm was initially 769 Lakh Rs in 2021. This increased to 1272 Lakh Rs in 2022. The revenue boosted to 2113 Lakh Rs in 2023. The company was suffering a loss of 16 Lakh Rs in the year 2021. This got converted into a profit of 14 Lakh Rs in 2022. The profit of the company was recorded at 256 Lakh Rs in the year 2023.
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
Now, applying for an IPO online is possible with most of the Discount and online brokers.
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