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Presstonic Engineering IPO opens on Monday, price band set at ₹72. Should you apply?
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₹72. The presstonic IPO lot size is 1,600 shares.
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The face value of the equity shares is ₹10 each, and the issue price is 7.2 times the face value of the equity shares.
Presstonic Engineering Ltd makes infrastructure products, metro rail rolling stock products, and metro rail signalling products. It also supplies well-known domestic and international OEMs that manufacture and service rail and metro rail rolling stock and signalling equipment, as stated in the company's Red Herring Prospectus (RHP).
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