Presstonic IPO - Presstonic Engineering Limited IPO, Date, GMP Price

Presstonic Engineering Limited IPO, Date, GMP Price

The Rs 23.30 crore Presstonic Engineering IPO is a fixed-price offering. This is a 32.37 lakh share fully new issue.

The subscription period for the Presstonic Engineering IPO begins on December 11, 2023, and ends on December 13, 2023. On Thursday, December 14, 2023, the allotment for the Presstonic Engineering IPO is anticipated to be completed. The NSE SME will host the Presstonic Engineering IPO, with a provisional listing date of Monday, December 18, 2023.

The IPO price of Presstonic Engineering is ₹72 per share. A minimum lot size of 1600 shares is required for an application. Retail investors are needed to invest a minimum of ₹115,200. For HNI, a minimum investment of two lots (3,200 shares) of ₹230,400 is required. The bookrunner is Finshore Management Services Limited.

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	44,70,680
Share holding post issue	77,07,480
Market Maker portion	163,200 shares

Presstonic Engineering IPO Timeline (Tentative Schedule)

Presstonic Engineering IPO opens on 11-12-2023, and closes on December 13-12-2023.

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

Incorporated in 1996, Presstonic Engineering Limited articles articles for Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure.

The aggregation offers a advanced ambit of products, including Rolling Stock Interior Articles 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 additionally accomplish IP-rated enclosures, alarm ascent brackets, ballastless abutment brackets, DCS masts, ladder assemblies with DCS mast platforms, Steel Structures, Aluminum Murals, Abutment Structures for Solar Panels, Wire Forms, and Cable Trays.r Panels, Wire Forms, and Cable Trays.

The company's accomplishment ability and R&D Division are anchored in Bangalore. The company's accomplishment ability is advance over approx. 28,317.50 sq.ft.

The company's business archetypal is order-based. As on March 31, 2023, the aggregation accept an abridged adjustment book of Rs 6,389.57 lakhs.

Presstonic Engineering Limited food articles to adapted industries forth with State Govt. Central Govt. and PSUs.