What you must know about Presstonic Engineering IPO?
by 5paisa Research Team
07 Dec 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 18-Dec-23
- IPO Price Range ₹ 72
- Listing Price ₹ 140
- Listing Change 94.4%
- Last Traded Price ₹ 116
- Current Change 61.1%
Presstonic Engineering IPO Details
- Open Date 11-Dec-23
- Close Date 13-Dec-23
- Lot Size 1600
- IPO Size ₹ 23.30 Cr
- IPO Price Range ₹ 72
- Min Investment ₹ 115,200
- Listing Exchange NSE SME
- Basis of Allotment 14-Dec-23
- Refunds 15-Dec-23
- Credit to Demat Account 15-Dec-23
- Listing Date 18-Dec-23
Presstonic Engineering IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 11-Dec-23 | - | 5.89 | 27.86 | 16.88 |
| 12-Dec-23 | - | 21.73 | 78.16 | 49.96 |
| 13-Dec-23 | - | 133.55 | 188.70 | 168.12 |
Presstonic Engineering IPO Synopsis
Presstonic Engineering Limited IPO is all set to open from 11th December to 13th December 2023. The company manufactures and supplies Metro Rail Rolling Stock Products, Metro Rail Signalling Products, and Infrastructure Products to Global and Domestic OEMs. The IPO includes a fresh issue of 3,236,800 shares worth ₹23.30 cr. The share allotment date is 14th December, and the IPO will be listed on 18th December on the stock exchanges. The price is ₹72 per share and the lot size is 1600 shares.
Finshore Management Services Limited is the book-running lead manager for this IPO, while Cameo Corporate Services Limited is the registrar.
Objectives of Presstonic Engineering IPO:
Presstonic Engineering Limited plans to utilize the raised capital from the IPO to:
● To fund capital expenditure for new plants and machinery.
● To fund working capital requirements.
● To prepay borrowings in full obtained by the company.
● General corporate purposes.
● To meet public issues expenses.
About Presstonic Engineering
Established in 1996, Presstonic Engineering Limited manufactures and supplies Metro Rail Rolling Stock Products, Metro Rail Signalling Products, and Infrastructure Products to Global and Domestic OEMs. Its manufacturing facility is based in Bangalore, Karnataka and is spread over 28,317.50 sq.ft.
The Company has been recognized with an ISO 9001:2015 certificate by MTIC Intercert India Private Limited for quality management. It has also achieved certification according to EN 15085-2 Certification level CL2 in the type of Activity P for welding of railway vehicles and components.
Peer Comparison
No listed peers.
For More Information:
Presstonic Engineering IPO GMP
Webstory on Presstonic Engineering IPO
Presstonic Engineering Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 21.03 | 12.63 | 7.61 |
| EBITDA | 6.96 | 3.01 | 2.93 |
| PAT | 2.56 | 0.14 | -0.169 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 27.38 | 24.96 | 23.87 |
| Share Capital | 2.24 | 2.24 | 2.24 |
| Total Borrowings | 22.44 | 22.59 | 21.64 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 5.45 | 4.52 | 1.35 |
| Net cash from / (used in) investing activities | -0.99 | -3.06 | -1.04 |
| Net cash flow from / (used in) financing activities | -4.15 | -1.96 | 1.08 |
| Net increase (decrease) in cash and cash equivalents | 0.31 | -0.49 | 1.38 |
Presstonic Engineering IPO Key Points
-
Strengths
1. The company has an established track record of 27+ along with an experienced management team.
2. It has a strong customer base and a diverse product portfolio.
3. Its organizational structure is well-defined.
4. Its manufacturing facilities are well-designed to serve the customer base.
5. It also has good quality assurance in place.
6. Its supplier base is wide.
7. The company also has a strong order book.
-
Risks
1. The company only has one manufacturing facility.
2. There is a risk of Unexpected Cost overruns and loss.
3. It has reported losses in the past.
4. Negative cash flow was reported in the past.
5. The business is subject to seasonal and other fluctuations.
6. There is significant competition in the industry.
7. The company may face risks associated with business transactions with Government Entities.
8. High working capital requirements.
Presstonic Engineering
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Presstonic Engineering IPO FAQs
What is the minimum lot size and investment required for the Presstonic Engineering IPO?
The minimum lot size of Presstonic Engineering IPO is 1600 shares and the investment required is ₹1,15,200.
What is the price band of Presstonic Engineering IPO?
The price for Presstonic Engineering IPO is ₹72 per share.
When does the Presstonic Engineering IPO opens and closes?
Presstonic Engineering IPO opens from 11th December to 13th December 2023.
What is the size of the Presstonic Engineering IPO?
The size of Presstonic Engineering IPO is ₹23.30 cr.
What is the allotment date of the Presstonic Engineering IPO?
The share allotment date of Presstonic Engineering IPO is 14th December 2023.
What is the Presstonic Engineering IPO listing date?
The Presstonic Engineering IPO will be listed on 18th December 2023.
Who are the book runners for the Presstonic Engineering IPO?
Finshore Management Services Limited is the book-running lead manager for Presstonic Engineering IPO.
What is the objective of the Presstonic Engineering IPO?
Presstonic Engineering plans to utilize the raised capital from the IPO to:
1. To fund capital expenditure for new plants and machinery.
2. To fund working capital requirements.
3. To prepay borrowings in full obtained by the company.
4. General corporate purposes.
5. To meet public issues expenses.
How to apply for the Presstonic Engineering IPO?
To apply for Presstonic Engineering IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Presstonic Engineering Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Presstonic Engineering IPO
Contact Information
Presstonic Engineering Limited
Sy. No. 2, Khatha No. 145, Hoysala Main Road,
Pillappa Industrial Layout, Srigandhadakavalu,
Sunkadakatte, Viswaneedam, Bangalore, 560091
Phone: +91 80 23480001
Email: cs@presstonengg.com
Website: https://presstonic.com/
Presstonic Engineering IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Presstonic Engineering IPO Lead Manager
Finshore Management Services Limited
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