Presstonic Engineering IPO is a fixed price issue of Rs 23.30 crores. The issue is entirely a fresh issue of 32.37 lakh shares.
Presstonic Engineering IPO opens for subscription on December 11, 2023 and closes on December 13, 2023. The allotment for the Presstonic Engineering IPO is expected to be finalized on Thursday, December 14, 2023. Presstonic Engineering IPO will list on NSE SME with tentative listing date fixed as Monday, December 18, 2023.
Presstonic Engineering IPO price is ₹72 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹230,400.
Finshore Management Services Limited is the book running lead manager of the Presstonic Engineering IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Presstonic Engineering IPO is Nikunj Stock Brokers.
Refer to Presstonic Engineering IPO RHP for detailed information.
Presstonic Engineering IPO Details
| IPO Date | December 11, 2023 to December 13, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹72 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,236,800 shares (aggregating up to ₹23.30 Cr) |
| Fresh Issue | 3,236,800 shares (aggregating up to ₹23.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,470,680 |
| Share holding post issue | 7,707,480 |
| Market Maker portion | 163,200 shares Nikunj Stock Brokers |
Presstonic Engineering IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Presstonic Engineering IPO Timeline (Tentative Schedule)
Presstonic Engineering IPO opens on December 11, 2023, and closes on December 13, 2023.
| 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 IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table 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 |
| Lot Size Calculator |
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 Presstonic Engineering Limited
Incorporated in 1996, Presstonic Engineering Limited manufactures products for Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure.
The company offers a wide range of products, including Rolling Stock Interior Products such as Saloon Bucket/Plain Type Seats, Custom Colored Engineered Handles, Grab Pole Systems, Hand Rail Systems, Emergency Evacuation Ramps, and Honeycomb Partition Panels. They also manufacture IP-rated enclosures, beacon mounting brackets, ballastless support brackets, DCS masts, ladder assemblies with DCS mast platforms, Steel Structures, Aluminum Murals, Support Structures for Solar Panels, Wire Forms, and Cable Trays.r Panels, Wire Forms, and Cable Trays.
The company’s manufacturing facility and R&D Division are situated in Bangalore. The company’s manufacturing facility is spread over approx. 28,317.50 sq.ft.
The company’s business model is order-based. As on March 31, 2023, the company have an unexecuted order book of Rs 6,389.57 lakhs.
Presstonic Engineering Limited supplies products to diversified industries along with State Govt. Central Govt. and PSUs.
The competitive strength of the company lies in the following:-
Organizational stability, coupled with practical management expertise.
Efficient and seamless functioning of tasks.
Well-defined organizational structure
This manufacturing facility is well-established and designed to cater to various product needs. It also has existing supplier relationships.
Presstonic Engineering Limited Financial Information (Restated)
Presstonic Engineering Limited’s revenue increased by 66.11% and profit after tax (PAT) rose by 1721.76% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,850.69 | 2,737.68 | 2,496.71 | 2,386.97 |
| Revenue | 1,431.67 | 2,113.27 | 1,272.21 | 769.44 |
| Profit After Tax | 152.21 | 256.14 | 14.06 | -16.94 |
| Net Worth | 645.57 | 493.36 | 237.22 | 223.16 |
| Reserves and Surplus | 198.50 | 269.83 | 13.69 | -0.37 |
| Total Borrowing | 1,536.97 | 1,645.27 | 1,797.08 | 1,774.95 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 6.28 |
| ROE | 115% |
| ROCE | 87% |
| Debt/Equity | 0.98 |
| EPS (Rs) | 5.73 |
| RoNW | 51.92% |
Check Presstonic Engineering IPO Peer Comparison here.
Objects of the Issue (Presstonic Engineering IPO Objectives)
The Objects of the Issue are:
- 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 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. Read detail review…
Presstonic Engineering Limited Contact Details
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 Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/