IPO Issue Details
Issue Price / Price Band₹72 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size32,36,800 shares (aggregating up to ₹23.30 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 11 Dec 2023
Subscription CloseWed, 13 Dec 2023
Anchor AllotmentSun, 10 Dec 2023
Basis of AllotmentThu, 14 Dec 2023
Initiation of RefundsFri, 15 Dec 2023
Credit of Shares to DematFri, 15 Dec 2023
Listing DateMon, 18 Dec 2023
UPI Mandate Deadline2023-12-13
Application & Investment Details
Retail — Min (1 Lots)₹1,15,200 — 1600 shares
Retail — Max (13 Lots)₹1,497,600 (13 Lots)
HNI — Min (2 Lots)₹2,30,400 — 3,200 shares
EPS (Pre-IPO)₹5.73
P/E Ratio (Pre-IPO)6.28x
P/E Ratio (Post-IPO)18.23x
Net Offer to Public30,73,600 shares (aggregating up to ₹22.13 Cr)
Reserved for Market Maker1,63,200 shares (aggregating up to ₹1.18 Cr)
Pre-IPO Promoter Holding44,70,680 shares
Post-IPO Promoter Holding77,07,480 shares
About Presstonic Engineering Ltd
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:Metro Rail Rolling Stock Products:Rolling Stock Interior Products: Saloon Bucket/Plain Type Seat, Custom Colored Engineered Handles, Grab Pole System, Hand Rail System, Emergency Evacuation Ramp, Honeycomb Partition Panels, etc.Rolling Stock Non-Interior Products: Aluminum Cable Management Systems, Cab Handrail, Under Carriage Frame Module, Air Handling Unit, Battery Box, Equipment Mounting Frames, Gangway Frame, Driver Foot Rest Assembly, Enclosure Box, Driver Simulator Cabin, etc.Metro Rail Signaling Products:IP Rated Enclosures, Beacon Mounting Brackets, Ballastless Support Bracket, DCS Mast, Ladder Assembly with DCS Mast Platform, etc.Infrastructure Products:Steel Structure and Aluminum Murals, Support Structure for Solar Panels, Wire Form and Cable Trays, etc.The company's manufacturing facility is located in Viswaneedam, Bangalore, and is spread over 28,317.50 sq. ft.
Objects of the Issue
Presstonic Engineering Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding Capital Expenditure towards the purchase of additional plant and machinery
2
Prepayment in full of certain borrowings availed by the Company
3
To meet the Working Capital Requirements
4
To meet the Issue Expenses
5
General Corporate Purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
44,70,680 shares
Post-IPO Promoter Holding
77,07,480 shares