The Presstonic Engineering IPO started on December 11, 2023, and ended on December 13, 2023. Shares were allocated on December 14, 2023, and refund processes began on December 15, 2023. On December 15, 2023, the shares were credited to investors demat accounts. Presstonic Engineering was officially listed on the stock exchange on December 16, 2023.
During the IPO, Presstonic Engineering offered shares at a price range of ₹72 per share, and the lot size was 1600 shares. The total issue size was ₹23.30 crores, with ₹23.30 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
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Presstonic Engineering IPO Subscription Status
The Presstonic Engineering IPO on December 13, 2023 was subscribed 168.25 times, with the retail category being subscribed 188.94 times, the other category being subscribed 133.56 times.
| Category | Subscription |
| Other | 133.56x |
| Retail | 188.94x |
| Total | 168.25x |
Presstonic Engineering IPO Basic Details
| Company Name | Presstonic Engineering Limited |
| Domain of Company | Manufacturing Metro Rail Product |
| Presstonic Engineering IPO Open Date | December 11, 2023 |
| Presstonic Engineering IPO Close Date | December 13, 2023 |
| Presstonic Engineering IPO Allotment Date | December 14, 2023 |
| Presstonic Engineering IPO Listing Date | December 18, 2023 |
| Face Value | ₹10 per share |
| Price | ₹72 per share |
| Lot Size | 1600 Shares |
| Issue Size | 3,236,800 shares of ₹10 (aggregating up to ₹23.30 Cr) |
| Fresh Issue | 3,236,800 shares of ₹10 (aggregating up to ₹23.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr. Herga Poornachandra Kedilaya and Mr. Yermal Giridhar Rao |
About Presstonic Engineering Limited
Presstonic Engineering Limited started in 1996 and makes things for Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure.
We make lots of products, like seats for trains, special handles, poles to grab onto, ramps for emergencies, and panels for dividing spaces. We also make tough enclosures, brackets for mounting lights, supports for solar panels, and all sorts of structures and trays.
Our main place for making things and doing research is in Bangalore. The area for making things is about 28,317.50 square feet big.
We work by taking orders. As of March 31, 2023, we have orders worth Rs 6,389.57 lakhs that we haven’t finished yet.
Presstonic Engineering Limited sells its products to many different industries, including the government and public sector.
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Presstonic Engineering IPO FAQs
What is the start and end date of Presstonic Engineering IPO Subscription?
The Presstonic Engineering IPO started on December 11, 2023, and ended on December 13, 2023.
When does Presstonic Engineering IPO Subscription open?
The Presstonic Engineering IPO open on December 11, 2023.
When does Presstonic Engineering IPO Subscription close?
The Presstonic Engineering IPO Close on December 13, 2023.
What is the allotment date of Presstonic Engineering IPO?
The allotment date for Presstonic Engineering IPO is December 14, 2023.
When is the initial refund date of Presstonic Engineering IPO?
The initial Refund date for Presstonic Engineering IPO is December 15, 2023.
When were the shares credited to investors demat accounts for the Presstonic Engineering IPO?
The shares for the Presstonic Engineering IPO were credited to investors demat accounts on December 15, 2023.
When will Presstonic Engineering IPO be listed on the stock market?
Presstonic Engineering IPO stock market will be listed on December 18, 2023 at 10 am.
What was the price range of the Presstonic Engineering IPO shares?
The Presstonic Engineering IPO shares were offered at a price range of ₹72 per share.
What was the lot size for the Presstonic Engineering IPO shares?
The lot size for the Presstonic Engineering IPO shares was 1600 shares.
What was the total issue size of the Presstonic Engineering IPO?
The total issue size of the Presstonic Engineering IPO was ₹23.30 crores.
How were the shares allocated among different types of investors for the Presstonic Engineering IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Presstonic Engineering IPO listed?
The Presstonic Engineering IPO was listed on the NSE SME.
What is the Presstonic Engineering IPO Subscription Status?
Presstonic Engineering IPO is subscribed 168.25 Times.
