Presstonic Engineering Limited

About  Presstonic Engineering Limited

Incorporated in June 1996, The  Company manufactures Metro Rail Rolling Stock Products, Metro Rail Signalling Products, Infrastructure Products and supplies to renowned Global and Domestic OEM’s engaged in the Rail and Metro Rail Rolling stock and Signalling equipment manufacturing and servicing companies.

The company started their manufacturing operations in the year 2011 in Metro Rail Segment with the manufacturing plant set up in Pillappa Industrial Layout and since then they have consistently grown their presence, enhanced the scope of services, and increased their capabilities and expertise. The Company has collective experience of more than 50 years in the said industry. Driven by the passion for building an integrated company for the metro and railway sector, backed by their experience have been the pillars of the Company’s growth and have built a strong value system for the company. 

Over the years, they have offered cost effective and customised solutions in accordance with the standardised quality requirements of their customers who work in various sectors such as railway and the infrastructure sectors. The Company manufactures products which are compliant with the stringent quality requirements prescribed by their customers. Further, their business model provides customised solutions to their customers and also manufactures innovative solution-oriented products. Presstonic Engineering Limited R&D Division is equipped with the necessary facilities to carry out all necessary trials to develop and devise products suitable to the different types of their customers or for catering to the infrastructure needs of their customers.

 Presstonic Engineering Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the   following objectives.

1. Funding Capital Expenditure towards 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 E. General Corporate Purposes

Here are key details about the Presstonic Engineering Limited IPO: