New Delhi: The Initial Public Offer (IPO) of Presstonic Engineering, company that manufactures products for Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure, opened for subscription on Monday.
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The three day IPO, which closes on December 13, has set the price band of Rs 72 per share. The IPO, valued at Rs 23.30 crore, is entirely a fresh issue of 32.37 lakh share.
Here Are Key Things You Want To Know About Presstonic Engineering IPO
Subscription Date: December 11 to December 13, 2023
Expected Allotment of shares: December 14, 2023
Presstonic Engineering IPO to list on NSE SME
Tentative Listing date: December 18, 2023.
Minimum lot size for an application: 1600 Shares
The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹230,400.
Finshore Management Services Limited is the book running lead manager
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Cameo Corporate Services Limited is the registrar
Market maker for Presstonic Engineering IPO is Nikunj Stock Brokers
