Presstonic Engineering IPO Date, Review, Price, Allotment Details

Presstonic Engineering manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, and Infrastructure Products and supplies to renowned Global and Domestic OEMs engaged in the Rail and Metro Rail Rolling stock and Signalling equipment manufacturing and servicing companies. Their manufacturing facility is spread over approx. 28,317.50 sq. ft. situated at Sy. No. 2, Khatha No. 145, Hoysala Main Road, Pillappa Industrial Layout, Srigandhadakavalu, Sunkadakatte, Viswaneedam, Bangalore, North Bangalore, Karnataka – 560091 is equipped with the latest machinery, equipment, and instruments which is capable of manufacturing of diverse products for Railways and Metros.

They started their manufacturing operations in the year 2011 in the Metro Rail Segment with their manufacturing plant set up in Pillappa Industrial Layout and since then they have consistently grown their presence, enhanced the scope of services, and increased their capabilities and expertise.

Over the years, Presstonic Engineering has offered cost-effective and customized solutions to the standardized quality requirements of their customers who work in various sectors such as railway and infrastructure sectors. The Company manufactures products that are compliant with the stringent quality requirements prescribed by their customers. Further, their business model provides customized solutions to their customers and also manufactures innovate solution-oriented products. Their R&D Division is equipped with the necessary facilities to carry out all necessary trials to develop and devise products suitable to the different types of their customers or for catering to the infrastructure needs of their customers. Their team of experts employed in the R&D Division carries out various tests in their in-house R&D laboratory to innovate additional applications and solutions for their products and to manufacture customizable products for their customers that are also compliant with the customer quality requirements and regulatory standards. Their R&D Division is located in their manufacturing unit to implement a performance-oriented approach with the help of technologies developed in-house. With an R&D Division in place, the Company ensures that the needs and demands of their customers suitable to their final products are effectively met.

Objects 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 Engineering IPO Review

• May Apply

Presstonic Engineering IPO Date & Price Band Details

Presstonic Engineering IPO Market Lot

The Presstonic Engineering IPO minimum market lot is 1600 shares with a ₹115,200 application amount.

Presstonic Engineering IPO Dates

The Presstonic Engineering IPO date is December 11 and the IPO close date is December 13. The IPO allotment date is December 14 and the IPO might list on December 18.

You can check IPO subscription status and IPO allotment status on their respective pages.

Presstonic Engineering IPO Form

How to apply Presstonic Engineering IPO? You can apply Presstonic Engineering IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Presstonic Engineering IPO in the Invest section. The other option you can apply Presstonic Engineering IPO via IPO forms download via the NSE website. Check out the Presstonic Engineering forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

Presstonic Engineering Company Financial Report

Presstonic Engineering IPO Valuation – FY2023

Check Presstonic Engineering IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• NA

Company Promoters

• Mr. Herga Poornachandra Kedilaya
• Mr. Yermal Giridhar Rao

Presstonic Engineering IPO Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/

Presstonic Engineering IPO Allotment Status

Check Presstonic Engineering IPO allotment status on Cameo Corporate website URL. Click Here

Presstonic Engineering IPO Lead Managers aka Merchant Bankers

• Finshore Management Services Limited

Company Address

Presstonic Engineering Limited

Sy. No. 2, Khatha No. 145, Hoysala Main Road,
Pillappa Industrial Layout, Srigandhadakavalu,
Sunkadakatte, Viswaneedam, Bangalore, 560091
Phone: +91 80 23480001
Email: [email protected]
Website: https://presstonic.com/

Presstonic Engineering IPO FAQs