Presstonic Engineering IPO GMP Today, Allotment, Listing Date Know Its Subscription Status

Presstonic Engineering IPO opened on 11 December 2023. It is fully-subscribed on the launch’s first date. The IPO was about to continue from 11 December 2023 to 13 December 2023. However, the full subscription on the first day might make it over-subscribed. Presstonic has a face value of Rs. 10 per share with a share price of Rs. 72 per share. The company is offering 1600 shares as the lot size. We will share details about Presstonic Engineering IPO GMP Price, allotment, listing, and date of subscription in the article below.

Presstonic Engineering IPO

Presstonic Engineering IPO GMP Today

Presstonic Engineering IPO Grey Market Premium available. The shares are available at a premium of Rs. 32 in the grey market. Presstonic Engineering has an IPO price of Rs. 72 per share, Rs. 104 after listing. So the GMP list of Presstonic Engineering is as follows.

Grey Market Premium Today:

9 December 2023: Rs. 23 per share
10 December 2023: Rs. 32 per share
11 December 2023: Rs. 32 per share

Presstonic Engineering IPO Allotment

Presstonic Engineering IPO shares have been fully subscribed. The shares will be allotted on 14 December 2023. It is a fixed-price issue IPO. The total issue size of the shares was 3,236,800 shares. All the shares were fresh shares of the company. It will be listed on NSE SME. After allotment, the refunds will be initiated on 15 December 2023. All the shares will be credited on 15 December 2023.

Presstonic Engineering IPO Listing Date

Presstonic Engineering will list the IPO on 18 December 2023. The shares will list at Rs. 104 per share. It will be interesting to see the share’s performance on the stock market. The company has potential and goodwill in the market. It led to the full subscription on the first day. They made an after-tax profit of 152.21 lakhs by September 2023. While the surplus and reserves were 198.50 lakhs. Let us have a look at the Presstonic Engineering subscription details.

Subscription Status Today

The shares opened for Non-Institutional Buyers and retail investors. The NIB was offered shares worth 15,37,600. The Retail Investors offered 15,36,000 shares. The company has a 5.88 times subscription for NIB and a 27.63 times subscription for Retail investors. Mr. Herga Poornachandra, Kedilaya, and Mr. Yermal Giridhar Rao are the promoters and founders of the company. The company deals with metro rail rolling, signaling, and other structure manufacturing. We hope you get enough details about the IPO’s GMP price, Allotment, Listing Date, and subscription.

Leave a Reply

Your email address will not be published. Required fields are marked *