Presstonic Engineering – IPO Details, Timeline, Financials

Presstonic Engineering - IPO Details, Timeline, Financials

Presstonic Engineering IPO – A New SME IPO in the Market

The Presstonic Engineering IPO, with a fixed price issue of Rs 23.30 crores, is set to make its mark in the market. Here are the key details:

Important Dates

  • IPO Date: December 11, 2023, to December 13, 2023
  • Allotment Date: December 14, 2023
  • Listing Date: Monday, December 18, 2023 (tentative)

Issue Details

  • Issue Price: ₹72 per share
  • Lot Size: 1600 Shares
  • Total Issue Size: 3,236,800 shares (aggregating up to ₹23.30 Cr)
  • Issue Type: Fixed Price Issue IPO
  • Listing At: NSE SME

Investment Requirements

  • Minimum Lot Size for Retail Investors: 1600 Shares (₹115,200 investment)
  • Minimum Lot Size Investment for HNI: 2 lots (3,200 shares, ₹230,400)

Key Players

  • Book Running Lead Manager: Finshore Management Services Limited
  • Registrar: Cameo Corporate Services Limited
  • Market Maker: Nikunj Stock Brokers

Reservation Details

  • NII (Non-Institutional Investors): 1,537,600 shares (47.50%)
  • RII (Retail Individual Investors): 1,536,000 shares (47.45%)

Presstonic Engineering IPO Timeline

Presstonic Engineering IPO – Tentative Timeline and Lot Size


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

Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 ₹115,200
Retail (Max) 1 1600 ₹115,200
HNI (Min) 2 3,200 ₹230,400

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%

Presstonic Engineering Limited Overview

Presstonic Engineering Limited Overview

About the Company

Incorporated in 1996, Presstonic Engineering Limited manufactures products for Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure. Serving global and domestic OEMs, the company has a diverse product portfolio.

Product Portfolio

Metro Rail Rolling Stock Products:

  • Rolling Stock Interior Products: Saloon Bucket/Plain Type Seat, Custom Colored Engineered Handles, Grab Pole System, Hand Rail System, Emergency Evacuation Ramp, Honeycomb Partition Panels, etc.
  • Rolling Stock Non-Interior Products: Aluminum Cable Management Systems, Cab Handrail, Under Carriage Frame Module, Air Handling Unit, Battery Box, Equipment Mounting Frames, Gangway Frame, Driver Foot Rest Assembly, Enclosure Box, Driver Simulator Cabin, etc.

Metro Rail Signalling Products:

  • IP Rated Enclosures, Beacon Mounting Brackets, Ballastless Support Bracket, DCS Mast, Ladder Assembly with DCS Mast Platform, etc.

Infrastructure Products:

  • Steel Structure and Aluminum Murals, Support Structure for Solar Panels, Wire Form and Cable Trays, etc.

Manufacturing Facility

The company’s manufacturing facility, located in Viswaneedam, Bangalore, spans over 28,317.50 sq. ft.

Financial Information (Restated)

Period Ended 30 Sep 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets (₹ Lakhs) 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

Financial Highlights:

  • Revenue increased by 66.11%.
  • Profit After Tax (PAT) rose by an impressive 1721.76%.

Presstonic Engineering Limited stands as a robust player in the industry, combining manufacturing excellence with substantial financial growth.

Amounts are in ₹ Lakhs.

Presstonic Engineering IPO KPIs and Objectives

Presstonic Engineering IPO Key Performance Indicators

KPI Values
P/E (x) 6.28
Post P/E (x) 18.23
Market Cap (₹ Cr.) 55.49
ROE 115%
ROCE 87%
Debt/Equity 0.98
EPS (₹) 5.73
RoNW 51.92%

Objects of the Issue (Presstonic Engineering IPO Objectives)

The Objects of the Issue are:

  1. Funding Capital Expenditure towards the purchase of additional plant and machinery
  2. Prepayment in full of certain borrowings availed by the Company
  3. To meet the Working Capital Requirements
  4. To meet the Issue Expenses
  5. General Corporate Purposes

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