| Parameter | Details |
|---|---|
| IPO Date | December 11, 2023, to December 13, 2023 |
| Listing Date | Monday, December 18, 2023 |
| Face Value | ₹10 per share |
| Price | ₹72 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,236,800 shares (₹23.30 Cr) |
| Fresh Issue | 3,236,800 shares (₹23.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Presstonic Engineering IPO Timeline (Tentative Schedule)
| Event | Date |
|---|---|
| IPO Open Date | Monday, December 11, 2023 |
| IPO Close Date | Wednesday, December 13, 2023 |
| Basis of Allotment | Thursday, December 14, 2023 |
| Initiation of Refunds | Friday, December 15, 2023 |
| Credit of Shares to Demat | Friday, December 15, 2023 |
| Listing Date | Monday, December 18, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 13, 2023 |
Presstonic Engineering Limited IPO Todays GMP
| Price Range | Lot Size | Max. Investment | Bid Dates | Listing Date | GMP Yesterday (12 Dec 2023) | GMP Today (13 Dec 2023) | Expected Share Price | Expected Profit per Lot | Buy Y/N |
|---|---|---|---|---|---|---|---|---|---|
₹72 | 1600 Shares | ₹ 115200 | 11-Dec-23 to 13-Dec-23 | 18-Dec-23 | ₹25 | ₹35 | ₹107 | ₹56000 | Y |
| Date | GMP |
|---|---|
| 13-Dec-2023 | ₹35 |
| 12-Dec-2023 | ₹25 |
| 11-Dec-2023 | ₹25 |
| 10-Dec-2023 | ₹15 |
| 9-Dec-2023 | ₹15 |
Presstonic Engineering IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 Promoter Holding
The Promoters of the company are Mr. Herga Poornachandra Kedilaya and Mr. Yermal Giridhar Rao.
| Share Holding Pre Issue | 99.97% |
|---|---|
| Share Holding Post Issue | 57.99% |
About प्रेस्टॉनिक इंजीनियरिंग लिमिटेड आईपीओ
Incorporated in 1996, Presstonic Engineering Limited manufactures products for Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure.
Key Performance Indicators (KPI)
- P/E (x): 6.28
- ROE: 115%
- ROCE: 87%
- Debt/Equity: 0.98
- EPS (Rs): 5.73
- RoNW: 51.92%
प्रेस्टॉनिक इंजीनियरिंग लिमिटेड आईपीओ जीएमपी Objects 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 Review (May apply)
[Dilip Davda] The company is in the business of Metro Rail/Infra related products manufacturing and marketing. It posted steady growth in its top lines for the reported periods, but a sudden surge in its bottom lines from FY23 onwards raised eyebrows and concern over its sustainability. Based on super FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long-term rewards.
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