Presstonic Engineering IPO GMP

Presstonic Engineering IPO GMP: The Presstonic Engineering SME IPO is generating significant buzz in the market as investors eagerly await its listing. With an issue size of Rs 23.30 crores through a fresh issue, this IPO has garnered attention for various reasons. In this blog, we will delve into the Grey Market Premium (GMP) of the Presstonic Engineering IPO, which is a crucial indicator of investor sentiment and expectations.

Also See: All IPO GMP Price Today

"Exciting news! Stockesta is now on WhatsApp and Telegram Channels 🚀 Subscribe today | Stay updated with the latest IPO insights!" Follow on Whatsapp! and Join Telegram!

Understanding GMP

Grey Market Premium (GMP) is the price at which an IPO is traded in an unofficial and unregulated grey market before its official listing on the stock exchange. It is an essential metric as it provides insight into how the market perceives the upcoming IPO’s potential performance on the listing day. A positive GMP suggests that investors expect the IPO to list at a profit, while a negative GMP implies the opposite – that the IPO may debut at a discount.

Presstonic Engineering IPO GMP Table

As of the latest available data, the Grey Market Premium for Presstonic Engineering IPO stands at ₹72, and it is expected to list at its issue price of ₹144 per share.

Let’s take a look at the GMP data for the Presstonic Engineering IPO: [ Last Updated: 18 Dec, 2023; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
18-12-202372.00₹7287600₹144 (100.00%)
17-12-202372.00₹7287600₹144 (100.00%)
16-12-202372.00₹6983900₹141 (95.83%)
15-12-202372.00₹6579000₹137 (90.28%)
14-12-202372.00₹5566900₹127 (76.39%)
13-12-202372.00₹5060800₹122 (69.44%)
12-12-202372.00₹5060800₹122 (69.44%)
11-12-202372.00₹3238900₹104 (44.44%)
10-12-202372.00₹3238900₹104 (44.44%)
09-12-202372.00₹2321900₹95 (31.94%)
08-12-202372.00₹0₹72 (0%)
07-12-202372.00₹0₹72 (0%)

Also See: Announced IPOs: Upcoming Big IPOs in India 2024

The Significance of GMP

Investors often monitor GMP to gauge market sentiment and decide whether to participate in an IPO. A high GMP indicates strong demand and positive expectations, potentially leading to a profitable listing. On the other hand, a low or negative GMP may suggest caution, as it could indicate lower demand or concerns about the IPO’s prospects.

However, it’s important to note that GMP is not an official indicator, and its accuracy can vary. The grey market operates without regulatory oversight, making it prone to speculation and price manipulation. Therefore, relying solely on GMP for investment decisions can be risky.

Also See: Kross Ltd Files ₹500 Crore IPO with SEBI, Eyes Capital Market Expansion; Check Details

About Presstonic Engineering

Before making any investment decisions, it’s crucial to understand the fundamentals of the company issuing the IPO. In the case of Presstonic Engineering, the company is engaged in the manufacturing of Rail and Metro Rail Rolling stock and signaling equipment manufacturing and servicing. Their product portfolio includes Metro Rail Rolling Stock Products, Metro Rail Signaling Products, and Infrastructure products, catering to both domestic and global OEMs.

Here are some of Presstonic Engineering’s strengths:

  1. Organizational Stability and Management Expertise: With a history dating back to 1996, the company has demonstrated organizational stability and management expertise.
  2. Focus on R&D: The company’s commitment to research and development ensures that it stays competitive and innovative in its product offerings.
  3. Well-Established Manufacturing Facility: Spread across 28,317.50 sq ft in Bangalore, Karnataka, the manufacturing facility is well-equipped to design multiple products.
  4. Quality Assurance and Accreditations: Presstonic Engineering places a strong emphasis on maintaining quality standards and has relevant accreditations in place.

Also See: IPO Subscription Status Live Today

Presstonic Engineering SME IPO Timeline

Here are the important dates for the Presstonic Engineering SME IPO:

  • SME IPO Open Date: 11-12-2023
  • SME IPO Close Date: 13-12-2023
  • Basis of Allotment Finalization Date: 14-12-2023
  • Refunds Initiation Date: 15-12-2023
  • Credit of Shares to Demat Account: 15-12-2023
  • SME IPO Listing Date: 18-12-2023

Investors and enthusiasts alike will be closely watching the Presstonic Engineering IPO, especially its listing on December 18, 2023. Keep in mind that investing in IPOs involves risks, and it’s essential to conduct thorough research and consult with financial experts before making any investment decisions.

For real-time updates on GMP and the latest information about the Presstonic Engineering IPO, you can visit the IPO GMP Dashboard on Stockesta.com. This will help you stay informed and make informed investment choices.

"Exciting news! Stockesta is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest IPO insights!" Click here!

👉 IPO GMP || IPO News || IPO Details || IPO Review || Join Whatsapp Channel and read news related to IPO on Stockesta.com.
Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.
What is an IPO?- Why Companies Go Public