Presstonic Engineering Limited

Price
₹72
Lot
1600
Subs.
168.25
Expected Listing Earning

Exp. Premium(GMP):
67.68(94.00%)
IPO Details

Open Date: 11-Dec-2023
Close Date: 13-Dec-2023
Allotment Date: 14-Dec-2023
Listing Date: 18-Dec-2023
Listing Price: ₹136.2/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹72 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹115,200 : HNI - ₹230,400
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved1,537,6001,536,0003,073,600
Day 1 - 22-11-23 
05:00 PM
5.89x27.86x16.88x
Day 2 - 23-11-23 
05:00 PM
21.73x78.16x49.96x
Day 3 - 24-11-23 
05:00 PM
133.56x188.94x168.25x
Total No. of Application:181,387 (Approx.)
Retail Subscription on the basis of Apps:188.94x
Valuations

Earning Per Share(EPS)5.73/-
P/E Ratio6.28
RoNW51.92%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
30 Sep,20232,850.691,431.67152.21
31 Mar,20232,737.682,113.27256.14
31 Mar,20222,496.711,272.2114.06
31 Mar,20212,386.97769.44-16.94
Promoter(s)

Pre Issue Share Holding99.97%
Post Issue Share Holding57.99%
Company Promoter(s)
1. Mr. Herga Poornachandra Kedilaya
2. Mr. Yermal Giridhar Rao
Issue Objective(s)

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.
About Company

Incorporated in June 1996, Presstonic Engineering Limited is a company that specializes in manufacturing products for Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure. These products are supplied to both Global and Domestic OEMs engaged in manufacturing and servicing Rail and Metro Rail Rolling Stock and Signalling equipment.

The manufacturing facility spans over 28,317.50 sq.ft. and is equipped with the latest machinery, equipment, and instruments capable of manufacturing diverse products for railways and metros.

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 competitive strength of the company lies in the following:-

  1. Organizational stability, coupled with effective management expertise.
  2. Efficient and seamless functioning of tasks.
  3. Well-defined organizational structure
  4. This manufacturing facility is well-established and designed to cater to various product needs. It also has existing supplier relationships.
Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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