Presstonic Engineering IPO will open for subscription from 11 December 2023. The company aims for an issue size of ₹23.30 Cr through this IPO.
Company Overview
| Full name | Presstonic Engineering Limited |
| Sector | Capital Goods |
| Industry | Engineering |
| Company Website | https://www.presstonic.com/ |
About Company
Presstonic Engineering produces Metro Rail Rolling Stock, Metro Rail Signalling Systems, and Infrastructure Products. The company provides these products to well-known global and domestic Original Equipment Manufacturers (OEMs) involved in the manufacturing and servicing of Rail and Metro Rail Rolling Stock, as well as Signalling equipment. As of 31 March 2023, the company has an unexecuted order book of INR 63.90 crore. Further 01 April 2023 onwards, the company has been awarded an additional order of INR 4.57 crore.
Presstonic Engineering Vision:
- To be India’s leader in manufacturing metro and rail sub-assemblies by 2030.
- To be the first choice for OEMs of diverse sectors to develop newer components.
The Objectives of the Issue
- Funding Capital Expenditure towards the purchase of additional plant and machinery
- Prepayment in full of certain borrowings availed by the Company
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes.
Presstonic Engineering IPO Timetable
| IPO Opening date | 11 December 2023 |
| IPO Closing | 13 December 2023 |
| Basis of Allotment | 14 December 2023 |
| Initiation Refund | 15 December 2023 |
| Credit to Demat Account | 15 December 2023 |
| Listing Date | 18 December 2023 |
Presstonic Engineering IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹23.30 Cr – 3,236,800 shares |
| Fresh Issue | ₹23.30 Cr – 3,236,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹72 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 163,200 shares |
| Shareholding pre-issue | 4,470,680 |
| Shareholding post-issue | 7,707,480 |
| Listing Exchange | NSE SME |
Presstonic Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹115,200 |
| Retail (Max) | 1 | 1600 | ₹115,200 |
| HNI (Min) | 2 | 3,200 | ₹230,400 |
Presstonic Engineering IPO Reservation Details
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 761.36 | 1,262.80 | 2,103.06 | 1,425.21 |
| Expenses | 791.25 | 1,250.77 | 1,757.71 | 1,228.10 |
| Net income | (16.94) | 14.06 | 256.14 | 152.21 |
Presstonic Engineering Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.38) | 0.31 | 5.73 |
| PE ratio | – | – | 12.57 |
| RONW (%) | (7.59) | 5.93 | 51.92 |
| NAV | – | – | 22.07 |
| ROCE (%) | 33.0 | 28.0 | 87.0 |
| EBITDA (%) | 38.45 | 23.84 | 33.10 |
| Debt/Equity | 2.06 | 2.72 | 0.98 |
Company Promoters
- Mr. Herga Poornachandra Kedilaya
- Mr. Yermal Giridhar Rao.
Promoter Holding
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 57.99% |
Presstonic Engineering IPO Lead Manager(s)
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: 033 – 2289 5101 / 4603 2561
Email: info@finshoregroup.com
Website: www.finshoregroup.com
Presstonic Engineering Registrar
CAMEO CORPORATE SERVICES LIMITED
No. 01, Club House Road, Mount Road,
Chennai – 600 002, Tamil Nadu
Phone: +91-44 4002 0700, 28460390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Presstonic Engineering Contact Details
PRESSTONIC ENGINEERING LIMITED
Sy. No. 2, Khatha No. 145, Hoysala Main Road,
Pillappa Industrial Layout, Srigandhadakavalu, Sunkadakatte,
Viswaneedam, Bangalore, North Bangalore, Karnataka – 560091
Phone: +91 80 23480001
E-mail: cs@presstonengg.co
Website: www.presstonic.com
Presstonic Engineering IPO Allotment Status
Presstonic Engineering IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Final thoughts
Presstonic Engineering IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
