Presstonic Engineering Ltd
Price Range
₹72
Min. Quantity
1,600
Closes on
13 December 2023
Min. investment
₹1,15,200/1,600 Shares
Presstonic Engineering Ltd IPO Timeline
Presstonic Engineering Ltd was originally formed as a Partnership Firm under the name off 'Presston Engineering Corporation' pursuant to a Deed of Partnership dated June 03, 1996. M/s. Presston Engineering Corporation thereafter converted into a Private Company in the name of 'Presstonic Engineering Private Limited' on March 23, 2021 issued by Registrar of Companies, Central Registration Centre. Later on, Company was converted into Public Company and the name of Company was changed to 'Presstonic Engineering Limited' vide a fresh Certificate of Incorporation dated July 31, 2023 issued by Registrar of Companies - Bangalore.
| Event | Date |
|---|---|
| Presstonic Engineering Ltd IPO Opening Date | 11 December 2023 |
| Presstonic Engineering Ltd IPO Closing Date | 13 December 2023 |
| Basis of Allotment | 14 December 2023 |
| Initiation of Refunds | 15 December 2023 |
| Credit of Shares to Demat | 15 December 2023 |
| Presstonic Engineering Ltd IPO Listing Date | 18 December 2023 |
Presstonic Engineering Ltd IPO Details
| Presstonic Engineering Ltd IPO Date | 11 December 2023 to 13 December 2023 |
| Presstonic Engineering Ltd IPO Face Value | ₹10 per share |
| Presstonic Engineering Ltd IPO Price | ₹72 to ₹0 per share |
| Presstonic Engineering Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹23.31 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹23.31 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Herga Poornachandra Kedilaya, Yermal Giridhar Rao |
Presstonic Engineering Ltd IPO Lot Size
The Presstonic Engineering Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,15,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,15,200 |
| Maximum | 1 | 1,600 | ₹1,15,200 |
- Strengths
- Risks
- Opportunities
- Established and proven track record.
- Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with its customers.
- Quality Assurance & Control.
Company Financials
Presstonic Engineering Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 40.92 | 27.08 | 2.53 |
| 03-2023 | 28.55 | 21.13 | 2.43 |
| 03-2022 | 24.97 | 12.72 | 0.14 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure towards purchase of additional plant and machinery
- Prepayment in full of certain borrowings availed by the company
- Working capital requirements
- General corporate purposes
Presstonic Engineering Ltd IPO Promoter Holding
| Pre Issue Share Holding | 49.99% |
| Post Issue Share Holding | 28.99% |
Presstonic Engineering Ltd IPO Subscription Status (Bidding Detail)
The Presstonic Engineering Ltd IPO is subscribed 153.1592 times on 13 December 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 153.1592 |
Presstonic Engineering Ltd IPO Prospectus
Presstonic Engineering Ltd IPO Listing Date
| Listing Date | 18 December 2023 |
| BSE Script | 92232 |
| NSE Symbol | PRESSTONIC |
| Listing In | NSE - SME |
| ISIN | INE0R1601012 |
| IPO Price | ₹72 |
| Face Value | ₹10 |
Company Contact Information
Sy # 2 Khatha # 145 Hoysala -Main Road Pillappa Ind.Layout,Bangalore-560091
Phone: +91 80 2348 0001
Email: cs@presstonengg.co
Website: www.presstonic.com
Presstonic Engineering Ltd IPO Registrar
Presstonic Engineering Ltd IPO Lead Manager(s)
- Finshore Management Services Ltd
FAQ
What is the issue size of Presstonic Engineering Ltd IPO?
I have pre-applied for Presstonic Engineering Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.