Presstonic Engineering IPO Price, GMP, Details, Date, share 2023

Presstonic Engineering IPO description – Presstonic Engineering Limited is coming up with its Initial public offering. The IPO will be open for subscription on 11 December, 2023

 

 

Presstonic Engineering IPO – Details

 

IPO Open Date 11 December 2023
IPO Close Date 13 December 2023
Issue Type Fixed Price Issue IPO
Issue Size 32,36,800 Shares Worth  ₹ 2,330.50 Lakhs

Fresh Issue: 32,36,800 Shares Worth  ₹ 2,330.50 Lakhs

Face Value ₹10 per equity share
IPO Price ₹72
Market Lot 1600 Shares
Min Order 1600 Shares (1 Lot)
Listing At NSE, SME
Register KFin Technologies Limited
Retail Shares Offered 50%
Other Shares Offered 50%

 

 

 

Presstonic Engineering IPO – Date Schedule

 

IPO Opening Date 11 December 2023
IPO Closing Date 13 December 2023
Finalization of Basis of Allotment 14 December 2023
Refunds Initiation 15 December 2023
Transfer of shares to demat accounts 15 December 2023
Date of IPO Listing 18 December 2023

 

DOMS Industries IPO 

 

Presstonic Engineering IPO- About Company 

Presstonic Engineering Limited manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, Infrastructure Products and supplies to renowned Global and Domestic OEM’s engaged in the Rail and Metro Rail Rolling stock and Signalling equipment manufacturing and servicing companies. 

The company’s manufacturing facility is spread over approx. 28,317.50 sq.ft. is equipped with the latest machinery, equipment and instruments which is capable of manufacturing diverse products for Railways and Metros. 

The range of products under our manufacturing capabilities is:

  • 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 Signaling Products:
    • IP Rated Enclosures, Beacon Mounting Brackets, Ballast less 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.

As on March 31, 2023, company has an unexecuted order book of ₹ 6,389.57 lakhs. Further April 01, 2023 onwards the company has been awarded an additional order of ₹ 456.87 lakhs. 

Presstonic Engineering’s Vision: 

  • To be India’s leader in manufacturing metro and rail sub – assemblies by 2030. 
  • To be the first choice for OEMs of diverse sectors to develop newer components. 

Presstonic Engineering’s Mission: 

  • To be committed in meeting customer requirements and expectations. 
  • To provide the highest quality products at the most reasonable prices. 
  • To set a standard for the manufacturing of components and assemblies in diverse sectors. 

 

Presstonic Engineering IPO,Presstonic Engineering IPO GMP,Presstonic Engineering IPO Date,Presstonic Engineering IPO Allotment Status,Presstonic Engineering IPO Subscription

 

Presstonic Engineering IPO- Industry Overview 

 

The Indian railway system is regarded as the foundation and lifeblood of the economy. Indian railways span thousands of kilometres practically covering the entire nation, making it the fourth largest in the world after the US, China, and Russia. The Railways Board, which has a monopoly over the provision of rail services in India, oversees overseeing the whole infrastructure. Due to its low cost and effective operations, railways continue to be the most popular means of transportation for most Indians when travelling long distances.

 

India has the fourth largest railway network with over 22,593 operating trains (9141 freight and 13,452 passengers) with a daily passenger count of 24 million passengers and 203.88 million tonnes of freight. In FY22 passenger traffic stood at 3.54 billion as compared to 1.28 billion in FY21. In FY 2022-23, railway freight volume stood at 1,109.38 MT which depicted year-onyear growth of 8%.

Since August 2020, the Indian Railways has run 450 Kisan Rail services and was able to transport over 1.45 lakh tonnes of agricultural produce & perishables Rail Tel, a PSU under the Railway Ministry, which provides fast and free Wi-Fi across the In November 2020, India Railways announced that 40% of dedicated freight corridor (DFC) will be opened for traffic by end-FY21. India is among the top 3 exporters of railways globally as of 2022. India’s export of railways has grown at a CAGR of 31.51% during 2010-2018 to US$ 507.90 million. Exports of railways in 2021 stood at US$ 633.27 million.

One of the primary forces behind industrialization has been the use of metals. Steel has traditionally occupied a top spot among metals. Steel production and consumption are frequently seen as measures of a country’s economic development because it is both a raw material and an intermediary product. Therefore, it would not be an exaggeration to argue that the steel sector has always been at the forefront of industrial progress and that it is the foundation of any economy. The Indian steel industry is classified into three categories – major producers, main producers and secondary producers.

 

 

Presstonic Engineering Financial Performance

 

FY 2022 FY 2023 H1 FY 2024
Revenue 1,262.80 2,103.06 1,425.21
Expenses 1,250.77 1,757.71 1,228.10
Net income 14.06 256.14 152.21

Figures in INR Lakhs

 

Presstonic Engineering Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS (0.38) 0.31 5.73
PE ratio 12.57
RONW (%) (7.59) 5.93 51.92
NAV 22.07
ROCE (%) 33.0 28.0 87.0
EBITDA (%) 38.45 23.84 33.10
Debt/Equity 2.06 2.72 0.98

 

Presstonic Engineering IPO Prospectus

 

Presstonic Engineering IPO -Competitive Strengths

 

  • Organizational stability along with management expertise.
  • Smooth flow of operations.
  • Well-defined organizational structure.
  • Well Established Manufacturing Facility designed to serve multiple products range.
  • Existing Supplier Relationship.
  • Quality assurance and accreditations.
  • Diversified Product portfolio.
  • Strong Order Book.

 

Object Of The Issue

 

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

 

Presstonic Engineering IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
Coming soon

 

Presstonic Engineering IPO Allotment Status

Presstonic Engineering IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Presstonic Engineering IPO – Lots Size & Price

 

Application Lots Shares Amount
Retail (Minimum) 1 1600 1,15,200
Retail (Maximum) 1 1600 1,15,200
HNI (Minimum) 2 3200 2,30,400

 

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