IPO Details

Bidding Dates

11 Dec '23 - 13 Dec '23

Minimum Investment

₹115,200 / 1 Lots ( 1600 Shares )

Price Range


Maximum Investment

₹115,200 / 1 Lots ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹23.30 Cr

Investor category and sub category

Non-Institutional Buyers  |   Retail Investors   |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Dec 11, 2023

IPO Closing Date

Dec 13, 2023

Basis of Allotment

Dec 14, 2023

Initiation of Refunds

Dec 15, 2023

Credit of Shares to Demat Account

Dec 15, 2023

IPO Listing Date

Dec 18, 2023

UPI Mandate Expiry Date

Dec 13, 2023

IPO Subscription Details


Day 1Dec 11, 2023

5.89x 27.86x 16.88x

Day 2Dec 12, 2023

21.70x 77.86x 49.80x

Day 3To be announced

IPO Subscription Live Status

Investor Category Subscription (Times)
Non-Institutional Buyers 21.70
Retail Investors 77.86
Total 49.80

About Company

Presstonic Engineering Limited, initially "Presston Engineering Corporation," was co-founded by Herga Poornachandra Kedilaya and Yermal Giridhar Rao in 1996. It became a Public Limited company in 2021 and was officially registered in Bangalore on July 31, 2023.

The company's core business revolves around producing various Metro Rail Rolling Stock, Signalling Products, and Infrastructure Products. The company is known for supplying these high-quality products to well-established Global and Domestic Original Equipment Manufacturers (OEMs) involved in manufacturing and maintaining rail and metro rail rolling stock and signalling equipment. 

    Product Portfolio:

  • Interior Rolling Stock: Seats, coloured handles, grab poles, handrails, emergency ramps, and partition panels.
  • Non-Interior Rolling Stock: Cable management systems, cabin handrails, undercarriage frames, air units, battery boxes, and equipment frames.
  • Signaling Products: Weather-proof enclosures, beacon brackets, support brackets, and communication masts.
  • Infrastructure Products: Steel and aluminium structures, solar panel supports, and wire/cable trays.

    Manufacturing Facility:

The manufacturing base of the entity encompasses approximately 28,317.50 sq ft in North Bangalore, Karnataka. 

This facility is outfitted with state-of-the-art machinery, equipment, and tools, enabling the production of a wide array of products designed for railway and metro applications.

Industry Outlook 

  1. India's steel industry is essential, contributing about 2% to its GDP and ranking as the world's second-largest steel producer. The country is also poised to become the second-largest steel consumer, surpassing China, in line with its "Make in India" initiative.
  2. The steel sector's expansion is boosting India's manufacturing exports and balancing its steel trade. The National Steel Policy of 2017 aims for a production capacity of 300 million tonnes by 2030-31. India's per capita steel consumption has risen from 57.6 kg to 74.1 kg in five years, with goals to increase rural consumption significantly by 2030-31. The Indian Steel Association forecasts a 7.2% demand growth in 2019-20 and 2020-21.
  3. India's steel industry has substantial growth potential, driven by its current low per capita consumption and expected demand increases from the infrastructure, automobile, and railway sectors.

Presstonic Engineering Limited IPO Details

Presstonic Engineering Limited IPO Date

The IPO of Presstonic Engineering Limited is open for subscription from December 11, 2023 to December 13, 2023.

Presstonic Engineering Limited IPO's Price Band

Presstonic Engineering Limited’s IPO is a fresh issue IPO of up to ₹23.30 crore. It is a fixed-price issue. The price range is set to ₹72 per share.

Presstonic Engineering Limited IPO’s Lot Size

The lot size for Presstonic Engineering Limited’s IPO is 1,600 shares with a minimum investment of ₹1,15,200.

Presstonic Engineering Limited IPO’s Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funding Capital Expenditure towards the purchase of additional plant and machinery
  2. Prepayment in full of certain borrowings availed by our Company
  3. To meet the Working Capital Requirements
  4. To meet the Issue Expenses
  5. General Corporate Purposes

How To Check the Allotment Status of Presstonic Engineering Limited’s IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • As such, Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Presstonic Engineering Limited

Registered office: Sy. No. 2, Khatha No. 145, Hoysala Main Road, Pillappa Industrial Layout, Srigandhadakavalu, Sunkadakatte, Viswaneedam, Bangalore, North Bangalore, Karnataka – 560091, India

Contact Person: Mrs. Sudha Gajanana Hegde (Company Secretary and Compliance Officer)

Phone: +91-80-23480001

E-mail: cs@presstonengg.co

Company Financials

Particulars ( ₹ in lakh ) Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Revenue 2,113.27 1,272.21 769.44
EBITDA Margin (%) 33.10% 23.84% 38.45%
Profit After Tax (PAT) 256.14 14.06 -16.94
PAT Margin (%) 12.18% 1.11% -2.22%
Total Borrowings 1,645.27 1,797.08 1,774.95
Cash & Cash Equivalents 26.31 7.13 47.77
Debt to Equity Ratio(x) 0.98 2.72 2.06
Return on Equity Ratio (x) 1.15 0.06 -0.06
Return on Capital Employed (RoCE) (x) 0.87 0.28 0.33
Earning Per Share (EPS) in absolute ₹ 11.46 0.63 -0.76

Know before investing


  1. The company produces a wide array of Metro Rail Rolling Stock and Signalling Products tailored to customer needs. This strategy diversifies their revenue stream.

  2. As of March 31, 2023, there's an unexecuted order book of ₹6,389.57 lakh, with additional orders of ₹456.87 lakh received from April 1, 2023.

  3. They focus on enhancing customer satisfaction through ongoing skill development and innovative marketing, including social media and public engagement.


  1. The company's reliance on a limited number of customers poses a risk. A significant reduction in orders or loss of these customers could adversely affect the business.

  2. The business significantly depends on a few suppliers for raw materials. If these suppliers fail to meet the company's quality, quantity, or timely delivery requirements, it could harm the business. Any disruptions in procuring raw materials could materially affect the company's operations and financial health.

  3. As the company is relatively new, having been formed from the conversion of a partnership firm, it has a limited track record. This lack of extensive operational history may make it challenging for investors to evaluate the company's past performance and future potential.

  4. The business's success is closely tied to stable and reliable logistics and transportation infrastructure. Disruptions in these services could impair the delivery of materials to and from the company, potentially increasing transportation costs and adversely affecting operations.

  5. The company is in the process of acquiring machinery, which is crucial for commencing operations. Any delays in ordering or obtaining this machinery could postpone the start of operations and potentially increase costs.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

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Presstonic Engineering Ltd IPO FAQs

What is Presstonic Engineering Limited's IPO?

Presstonic Engineering Limited IPO is a fresh issue of up to ₹23.30 crore. It is a fixed price  issue.  

When will Presstonic Engineering Limited's IPO be allotted?

Presstonic Engineering Limited’s shares will be allotted on December 14, 2023.

When will Presstonic Engineering Limited's IPO open for subscription?

The IPO subscription window for Presstonic Engineering Limited will open on December 11, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for at least one lot, which is a size of 1,600 shares, with a sum of ₹1,15,200.

When will Presstonic Engineering Limited list on exchanges?

Presstonic Engineering Limited will be listed on NSE Emerge. The stock will be listed on December 18, 2023.

What would be the listing gains on Presstonic Engineering Limited's IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for Presstonic Engineering Limited, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Presstonic Engineering Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Presstonic Engineering Limited using one PAN?

You can submit only one application using your PAN card.