Presstonic Engineering IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 13, 2023Let’s have a detailed review of the company and analytics of the Presstonic Engineering IPO release date, IPO offer price, subscription, Presstonic Engineering Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 72 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | December 18, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2330 Lakh |
| IPO Size | Rs 2330 Lakh |
| Tick Size | 1 |
Presstonic Engineering IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Presstonic Engineering Share Price |
Presstonic Engineering IPO – Summary
Their Company was originally formed as a Partnership Firm by Mr Herga Poornachandra Kedilaya and Mr Yermal Giridhar Rao under the name and style of “Presston Engineering Corporation” pursuant to a Deed of Partnership dated June 03, 1996.
M/s. Presston Engineering Corporation was thereafter converted into a Private Limited Company in the name of “Presstonic Engineering Private Limited” vide Certificate of Incorporation dated March 23, 2021, under the provisions of the Companies Act, 2013 and thereafter converted into Public Limited “Presstonic Engineering Limited” vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated July 31, 2023, issued by Registrar of Companies – Bangalore.
The Promoter of this company is (I) MR. HERGA POORNACHANDRA KEDILAYA; AND (II) MR. YERMAL GIRIDHAR RAO. The lead manager of the issue is FINSHORE MANAGEMENT SERVICES LIMITED, and the Registrar of this issue is CAMEO CORPORATE SERVICES LIMITED.
Presstonic Engineering IPO Date
The opening and closing dates of Presstonic Engineering IPO are December 11, 2023 and December 13, 2023 respectively.
Presstonic Engineering IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 11th Dec | 5.89x | 27.86x | 16.88x |
| 2nd Day – 12th Dec | 21.73x | 78.16x | 49.96x |
| 3rd Day – 13th Dec | 133.56x | 188.94x | 168.25x |
| Shares Offered or Net Issue | 1,537,600 | 1,536,000 | 3,236,800 |
The shares subscribed by the public will be updated here.
Presstonic Engineering IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Presstonic Engineering Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 14, 2023 |
| Refunds Initiation | December 15, 2023 |
| Credit of Shares to Demat Account | December 15, 2023 |
| Share Listing Date | December 18, 2023 |
Presstonic Engineering IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.72
Presstonic Engineering IPO Equity Size
This Initial Public Issue of 3,236,800 Equity Shares of Rs.10 each for cash at a price of Rs.72 per equity share aggregating to Rs.2330 Lakh.
Presstonic Engineering IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,236,800 Equity Shares of Rs.10/ each.
Issue Size: 3,236,800 Equity Shares of Rs.10 each, aggregating to Rs.2330 Lakh
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Presstonic Engineering IPO – Live Performance
The listing date of this IPO is December 18, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Presstonic Engineering Share Price |
Presstonic Engineering IPO Grey Market Premium
The Presstonic Engineering Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Presstonic Engineering IPO – Company Overview
Their Company manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, and Infrastructure Products and supplies to renowned Global and Domestic OEMs engaged in the Rail and Metro Rail Rolling stock and Signalling equipment manufacturing and servicing companies.
Their manufacturing facility is spread over approx. 28,317.50 sq. ft. situated at Sy. No. 2, Khatha No. 145, Hoysala Main Road, Pillappa Industrial Layout, Srigandhadakavalu, Sunkadakatte, Viswaneedam, Bangalore, North Bangalore, Karnataka – 560091 is equipped with the latest machinery, equipment and instruments which is capable of manufacturing of diverse products for Railways and Metros.
They started their manufacturing operations in the year 2011 in the Metro Rail Segment with their manufacturing plant set up in Pillappa Industrial Layout and since then they have consistently grown their presence, enhanced the scope of services, and increased their capabilities and expertise.
Presstonic Engineering IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 2,850.69 | 2,737.68 | 2,496.71 | 2,386.97 |
| *Total Revenue | 1,431.67 | 2,113.27 | 1,272.21 | 769.44 |
| Total Expense | 1,228.10 | 1,757.71 | 1,250.77 | 791.25 |
| Profit After Tax | 152.21 | 256.14 | 14.06 | (16.94) |
Earnings per Equity Share (in Lakh)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 3.40 | 5.73 | 0.31 | – |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 256.14 Lakh, Rs. 14.06 Lakh and Rs. (16.94) Lakh respectively.
Presstonic Engineering IPO – Promoters
The Promoter of this company is:
- MR. HERGA POORNACHANDRA KEDILAYA;
- MR. YERMAL GIRIDHAR RAO
List of Related Parties (Key Managerial Personnel)
- Herga Poornachandra Kedilaya, Managing Director
- Yermal Giridhar Rao, Joint Managing Director
- Kodipadi Yerkadithaya Supriya Murthy, Non-Executive Director
- Vidyalakshmi Rao, Non-Executive Director
- Jyotsna Rajsekar Belliappa, Independent Director
- Nagendra Dattathreya Rao, Independent Director
Presstonic Engineering IPO – Promoters Holding
- Pre-Issue Share Holding – 99.97%
- Post-Issue Share Holding – 57.99%
Presstonic Engineering IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 3,236,800 Equity Shares aggregating up to Rs.2330 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,63,200 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 30,73,600 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 15,37,600 Equity Shares |
| Other than Retail Individual Investors | Not more than 15,36,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 44,70,680 Equity Shares |
| Equity Shares outstanding after the Issue | 77,07,480 Equity Shares |
Presstonic Engineering IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding Capital Expenditure towards the purchase of additional plant and machinery
- Prepayment in full of certain borrowings availed by their Company
- To meet the Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
Presstonic Engineering IPO – Business Strategy
- Focus on Increase in Volume of Sales
- Reduction of operational costs and achieving efficiency
- Improving operational efficiencies
- Leverage and enhance their goodwill in the market
- Leveraging their Market Skills and Relationships
Presstonic Engineering IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established and proven track record;
- Leveraging the experience of their Promoters;
- Experienced management team and a motivated and efficient workforce;
- Cordial relations with their customers
- Quality Assurance & Control
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 11.46 | 51.92% | 11.04 |
| 31-Mar-22 | 0.63 | 5.93% | – |
| Mar-21 | -0.76 | -7.59% | – |
Presstonic Engineering IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Presstonic Engineering Limited | 10 | [●] | 11.46 | 51.92% | 2,113.27 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Presstonic Engineering IPO Lead Managers
| Lead Managers |
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal, India Contact Person: Mr. S. Ramakrishna Iyengar Telephone: 033 – 2289 5101 / 4603 2561 Email: info@finshoregroup.com |
Presstonic Engineering IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED “Subramanian Building”, #1, Club House Road, Chennai -600002, India Contact Person: Ms. K. Sreepriya Telephone: +91-44-40020700, 28460390 Email: ipo@cameoindia.com |
Presstonic Engineering IPO – Other Details
- Statutory Auditor – M/s. G R S M & Associates, Chartered Accountant
- Legal Counsel to the Company – J. MUKHERJEE & ASSOCIATES
- Bankers to the Company – ICICI Bank Limited
Presstonic Engineering IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Presstonic Engineering Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Presstonic Engineering IPO Review FAQs
Check out various FAQs related to Presstonic Engineering IPO:
What is the Issue Size of Presstonic Engineering IPO?
The Company is making an initial public offer of 3,236,800 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Presstonic Engineering IPO?
The price band for this particular IPO ranges between Rs 72. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Presstonic Engineering IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 11, 2023, while the closing date is set at December 13, 2023.
What is the Presstonic Engineering IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 14, 2023, refund initiation is on December 15, 2023, credit of shares is on December 15, 2023, and share listing date is on December 18, 2023.
What is the Presstonic Engineering IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 18, 2023. The date, when the listing would be done, is stagnant on December 18, 2023.
Who is the Registrar of Presstonic Engineering IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Presstonic Engineering IPO?
Here are the promoters of this IPO – : (I) MR. HERGA POORNACHANDRA KEDILAYA; AND (II) MR. YERMAL GIRIDHAR RAO. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Presstonic Engineering IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Presstonic Engineering IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Presstonic Engineering Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 256.14, 2022 is 14.06, and 2021 is (16.94). PAT from Sep 2023 is 152.21.
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