Discover the details of Presstonic Engineering IPO, set to revolutionize Metro Rail solutions. Uncover key insights, IPO timeline, lot size, financial performance, and market trends. Don’t miss the chance to invest in this cutting-edge opportunity.
Introduction: Presstonic Engineering is gearing up for a groundbreaking IPO, targeting Rs 23.30 crores through a fresh issue of 32.37 lakh shares. Let’s delve into the intricacies of this offering and explore what makes it a game-changer in the Metro Rail industry.
Presstonic Engineering IPO Timeline:
Opening New Avenues for Investment
- IPO Dates: December 11, 2023, to December 13, 2023
- Allotment Date: December 14, 2023
- Listing Date: December 18, 2023
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Key Details:
Shaping the Future of Metro Rail Infrastructure – Presstonic Engineering IPO
- IPO Price: ₹72 per share
- Lot Size: 1600 Shares
- Minimum Investment (Retail): ₹115,200
- Minimum Lot Size (HNI): 2 lots (3,200 shares) – ₹230,400
Company Overview:
Crafting Excellence in Metro Rail Products Presstonic Engineering, established in 1996, specializes in Metro Rail Rolling Stock and Signalling products. Their diverse product range includes Rolling Stock Interior Products, IP-rated enclosures, and Infrastructure support structures. Operating from Bangalore, the company’s stability and efficient organizational structure set it apart.
Financial Performance:
Solid Growth Amidst Metro Rail Boom Presstonic Engineering reported a significant surge in revenue (66.11%) and PAT (1721.76%) between March 31, 2022, and March 31, 2023. With a well-established manufacturing facility and an unexecuted order book of Rs 6,389.57 lakhs, the company stands poised for expansion.
Market Insights:
Unlocking Potential in the NSE SME Segment Presstonic Engineering IPO presents a compelling opportunity, with a Market Cap of Rs 55.49 Cr and a P/E ratio of 6.28. The IPO subscription status reflects investor confidence, subscribed 16.88 times on December 11, 2023.
GMP and Listing Outlook:
Navigating the Grey Market Terrain The Grey Market Premium (GMP) for Presstonic Engineering surged from ₹23 to ₹32 per share, indicating a positive market sentiment. With a potential listing price of ₹104 per share, investors are eyeing substantial gains.
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Conclusion:
Seizing the Future of Metro Rail Solutions Presstonic Engineering IPO emerges as a promising venture, combining robust financials, market demand, and industry expertise. Investors keen on Metro Rail infrastructure growth should consider this opportunity for potential long-term rewards.
Note: This article is not financial advice. Please conduct thorough research or consult with financial experts before making investment decisions.
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