Presstonic Engineering Ltd - IPO

Presstonic Engineering Ltd IPO Details

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 for subscriptions by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 30,73,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 72/- per equity share, aggregating to Rs. 22.13 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 42.00% and 39.88% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 72/- each i.e., 7.2 times of the face value of the equity shares. The minimum lot size is 1,600 equity shares

Objective of issue

Funding capital expenditure towards purchase of additional plant and machinery. Prepayment in full of certain borrowings availed by the company. Working capital requirements. General corporate purposes.

Presstonic Engineering Ltd Contact Details

Presstonic Engineering Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@presstonengg.co

Website - www.presstonic.com