Open Date
11-Dec-2023
13-Dec-2023
1600 shares
Rs. 23.30 Cr
Lot Size
IPO Size
Listing At
NSE, SME
Listing Date
Price Range
₹72 per share
Close Date
Allotment Date
14-Dec-2023
18-Dec-2023
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Established in 1996, Presstonic Engineering Limited manufactures and supplies Metro Rail Rolling Stock Products, Metro Rail Signalling Products, and Infrastructure Products to Global and Domestic OEMs. Its manufacturing facility is based in Bangalore, Karnataka and is spread over 28,317.50 sq.ft.
Presstonic Engineering Limited plans to utilize the raised capital from the IPO to: ● To fund capital expenditure for new plants and machinery. ● To fund working capital requirements. ● To prepay borrowings in full obtained by the company. ● General corporate purposes. ● To meet public issues expenses.
The book-running lead managers to the offer are: Finshore Management Services Limited is the book-running lead manager for this IPO, while Cameo Corporate Services Limited is the registrar.