Presstonic Engineering Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Presstonic

CMP

112.40

-2.55 (-2.22%)

  • DRHP
₹72

Offer Price

₹ 23.31 Cr

Issue Size

₹ 1,15,200

Min Investment

1,600

Lot size

Time Line

  • 11
    Dec 2023
    Open
  • 13
    Dec 2023
    Close
  • 14
    Dec 2023
    Finalisation of Basis of Allotment
  • 15
    Dec 2023
    Initiation of Refunds
  • 15
    Dec 2023
    Transfer of Shares to Demat Account
  • 18
    Dec 2023
    Listing Date

Objects of the Offer

  • Focus on Increase in Volume of Sales.

  • Reduction of operational costs and achieving efficiency.

  • Improving operational efficiencies.

  • Leverage and enhance its goodwill in the market.

  • Leveraging its Market skills and Relationships.

Products & Services

  • The Company manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, Infrastructure Products.

Strengths

  • Established and proven track record.

  • Leveraging the experience of its Promoters.

  • Experienced management team and a motivated and efficient work force.

  • Cordial relations with its customers.

  • Quality Assurance & Control.

Risks

  • Its business is dependent on a few customers and the loss of, or a significant reduction in orders by such customers could adversely affect its business.

  • The company relies significantly on some suppliers for the supply of its raw materials. If these suppliers are unable or unwilling to supply raw materials on time or otherwise fail to meet its requirements, its business will be harmed. An inability to procure the desired quality, quantity of its raw materials and components in a timely manner and at reasonable costs, or at all, may have a material adverse effect on its business, results of operations and financial condition.

  • The company is affected by the prices, availability, and quality of the raw materials used in its production.

  • The Company has been incorporated upon conversion of Partnership Firm M/s. Presston Engineering Corporation thus its have limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

  • The company have only one manufacturing facility.

Company Promoters

Promoters Holding

Issue For IPO
41.98%
Pre Holding

99.97%

Post Holding

57.99%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 7.61 (-) 12.63 (66.00%) 21.03 (66.50%)
Gross Profit 7.61 (-) 12.63 (66.00%) 21.03 (66.50%)
Net Income 7.61 (-) 12.63 (66.00%) 21.03 (66.50%)
Assets 7.61 (-) 12.63 (66.00%) 21.03 (66.50%)
Liabilities 7.61 (-) 12.63 (66.00%) 21.03 (66.50%)

Book Running Managers

  • Finshore Management Services Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

Sy # 2 Khatha # 145 Hoysala -,
Main Road Pillappa Ind.Layout,
Bangalore - 560091
Phone : +91 80 2348 0001 Email : cs@presstonengg.co www.presstonic.com

Offer Related Information

Initial public offer of 32,36,800 equity shares of face value of Rs. 10/- each ("Equity Shares") of Presstonic Engineering Limited (the "Company" or the "Issuer") for cash at a price of Rs. 72/- per equity share, including a share premium of Rs. 62/- per equity share (the "Issue Price"), aggregating to Rs. 23.31 crores ("The Issue"), of which 1,63,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 72/- per equity share, aggregating to Rs. 1.18 crores will be reserved... More

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