Presstonic Engineering manufactures metro rail rolling stock products, metro rail signaling products, infrastructure products, and supplies to renowned global and domestic OEMs engaged in rail and metro rail rolling stock and signaling equipment manufacturing and servicing companies.
| Bidding Dates |
|---|
| 11 Dec 2023 - 13 Dec 2023 |
| Subscription |
|---|
| 153.16x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,15,200 | 1 | 1 | 1600 | 3.2 M | ₹72 | 58 % | ₹233.0 M | RHP DOC |
Presstonic Engg IPO SUBSCRIPTION STATUS
13 Dec '23Presstonic Engg IPO overall subscription rate was 153.16 times the total available shares
Presstonic Engg IPO retail subscription rate was 179.32 times in the retail segment
Presstonic Engg IPO non-institutional investor subscription rate was 126.99 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
13 Dec 2023 (Day 3) | 179.32x | 126.99x | - |
12 Dec 2023 (Day 2) | 73.22x | 20.67x | - |
11 Dec 2023 (Day 1) | 25.61x | 5.55x | - |
Presstonic Engg FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 15.2 | 142.5 | 32.5 | 31.9 | 26.4% |
| FY23 | 25.6 | 210.3 | 54.5 | 54.1 | 33.1% |
| FY22 | 1.4 | 126.3 | 45.2 | 27.3 | 23.8% |
| FY21 | -1.7 | 76.1 | 13.5 | 4.2 | 38.5% |
Presstonic Engg IPO SUBSCRIPTION STATUS DETAILS
Presstonic Engg had 3.2 M shares on offer
Presstonic Engg IPO offer price was ₹72
Presstonic Engg IPO minimum Investment was ₹115200
Presstonic Engg IPO issue size was ₹ 233.0 M
Presstonic Engg had a minimum lot size of 1600 Shares per application
Presstonic Engg NUMBER OF SHARES ON OFFER
Presstonic Engg IPO IMPORTANT DATES
| Issue Open Date | 11 Dec 2023 |
| Issue close Date | 13 Dec 2023 |
| Allotment Date | 14 Dec 2023 |
| Refund Date | 15 Dec 2023 |
| Demat Account Credit Date | 15 Dec 2023 |
| Listing Date | 18 Dec 2023 |
| Listing on Exchange(s) | NSE |
| Presstonic Engg Allotment Status | Exchange |
Presstonic Engg IPO subscription opened on 11 Dec 2023, and closed on 13 Dec 2023
IPO allotment for Presstonic Engg was finalized on Thursday, 14 Dec 2023
IPO listing for Presstonic Engg was on NSE on Monday, 18 Dec 2023
Presstonic Engg IPO LISTING GAINS
| Issue Price (adjusted) | 72.0 |
| Listing Open Price | 140.0 |
| Listing Close Price | 147.0 |
| Listing Gain% | 94.4% |
| Current Gain% | -52.3% |
Presstonic Engg Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Presstonic Engineering Ltd. | 34.4 | 26.5 | 20.2 | 0.4 | 0.6 | 4.8 | 3.4 | 40.8 | 90.3 | 2.6 | 200.6 | 1.7 | 52 |
| APL Apollo Tubes Ltd. | 1970 | 54698.7 | 44.5 | 0.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1839.8 | 48532.2 | 21 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 515 | 15695.7 | 31 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 35.2 | 13768.5 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2693.5 | 6106.9 | 21.4 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Presstonic Engg INFORMATION ON IPO ISSUE
About Presstonic Engg
Presstonic Engineering manufactures metro rail rolling stock products, metro rail signaling products, infrastructure products, and supplies to renowned global and domestic OEMs engaged in rail and metro rail rolling stock and signaling equipment manufacturing and servicing companies.
Object of the Issue
- 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 Engg - PROMOTERS
| Name |
|---|
| Herga Poornachandra Kedilaya |
| Yermal Giridhar Rao |
Presstonic Engg Lead Manager of the Issue
Finshore Management Services Limited
info@finshoregroup.com
Presstonic Engg Registrar to the issue
Cameo Corporate Services Limited
ipo@cameoindia.com
Presstonic Engg Strengths
Organisational stability
The company has an established track record of 27-plus years, indicating its ability to withstand economic and business cycles
Quality assurance
The company is focused on providing high-quality products and services. It constantly strives to improve its industrial processes at every step in the production chain
Presstonic Engg Risks
Dependent on few customers
The business is dependent on a few customers, and the loss of or a significant reduction in orders from such customers could adversely affect the business
Debt financing agreements
The company's debt financing agreements contain certain restrictive covenants that may adversely affect its business, credit ratings, prospects, results of operations, and financial condition
IPO FAQs
The promoters of the company are Herga Poornachandra Kedilaya and Yermal Giridhar Rao.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 72.0 - 72.0.
The IPO application opens on Dec 11, 2023 and closes on Dec 13, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 115,200.0, the maximum value for this IPO is Rs 115,200.0.
This IPO will be allotted on Dec 14, 2023.
The refund will be credited to your account on Dec 15, 2023.
The allotted shares will be credited to your demat on Dec 15, 2023.
Presstonic Engineering Ltd.’s shares listed on the stock exchanges on Dec 18, 2023.