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

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Close Date

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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.

About the Company

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. 

Objective

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.