Presstonic Engineering Limited IPO Closed
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About Presstonic Engineering Limited
Presstonic Engineering is launching its IPO. The opens for subscription on 11th December and will close on 13th December 2023.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does Presstonic Engineering Limited do?
Incorporated as a partnership firm in 1996, Presstonic Engineering Limited is a Bengaluru-based company that manufactures metro rail rolling stock products, metro rail signaling products, and Infrastructure Products, and supplies to renowned global and domestic OEMs engaged in the rail and metro rail rolling stock and signaling equipment manufacturing and servicing companies.
The company’s range of products is summarized as follows:
Metro Rail Rolling Stock Products:
- Rolling Stock Interior Products: Saloon Bucket/Plain Type Seat, Custom Colored Engineered Handles, Grab Pole System, Hand Rail System, Emergency Evacuation Ramp, Honeycomb Partition Panels, etc.
- Rolling Stock Non-Interior Products: Aluminum Cable Management Systems, Cab Handrail, Under-carriage Frame Module, Air Handling Unit, Battery Box, Equipment Mounting Frames, Gangway Frame, Driver Foot Rest Assembly, Enclosure Box, Driver Simulator Cabin etc.
Metro Rail Signaling Products: IP Rated Enclosures, Beacon Mounting Brackets, Ballastless Support Bracket, DCS Mast, Ladder Assembly with DCS Mast Platform, etc.
Infrastructure Products: Steel Structure and Aluminum Murals, Support Structure for Solar Panels, Wire Form and Cable Trays etc
Presstonic Engineering Limited supplies products to diversified industries with some key clientele, including State, Central Govt. and PSUs.
Schedule of Presstonic Engineering Limited IPO
| Issue Period | 11th December to 13th December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 14, 2023 |
| Initiation of Refunds | December 15, 2023 |
| Credit of Shares | December 15, 2023 |
| Date of Listing | December 18, 2023 |
| Mandate end date | December 28, 2023 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 14, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 14, 2024 |
How to apply to the Presstonic Engineering Limited IPO?
You can apply for the Presstonic Engineering Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Presstonic Engineering Limited IPO?
You can check the allotment status for the Presstonic Engineering Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.