The allotment status for the Presstonic Engineering IPO is finalized. Refunds for unsuccessful applicants will be initiated on December 15, and shares will be credited to Demat accounts on the same day.
The IPO is set to list on December 18. Investors can check their allotment status through the Cameo India website online or through their bank account and Demat login using the offline mode.
Presstonic Engineering IPO witnessed an overwhelming response, with an overall subscription of 168.25 times. The Non-Institutional Investors (NII) category was subscribed 133.56 times, while the Retail category saw a subscription of 188.94 times. The IPO aims to raise approximately ₹23.30 Crores, with a price band fixed at ₹72 per equity share. The listing will take place on the NSE.
**Basis of Presstonic Engineering IPO Allotment:**
Based on the retail subscription, the expected basis of allotment for the Presstonic Engineering IPO is around 1:188 (Approx).
**Steps to Check Presstonic Engineering IPO Allotment Status:**
**Step 1: Online through Cameo India:**
– Log on to the Presstonic Engineering IPO allotment page on Cameo India.
– Select the IPO name ‘Presstonic Engineering’ from the drop-down menu.
– Choose an option from PAN Number, Application Number, or DP ID.
– Enter the PAN Number, Application Number, or Demat Account Number as per the selection.
– Click on the ‘Search’ button to view the Presstonic Engineering IPO allotment status on the screen (mobile/desktop).
**Step 2: Check in Demat Account:**
– Call your broker or log in to your Demat account/trading account.
– Check whether the allotted shares are credited to your account.
**Step 3: Check in Bank Account:**
– Log in to your bank account from which you applied for the Presstonic Engineering IPO.
– Navigate to the Balance Tab.
– If allotted, the amount will be debited; if not allotted, the amount will be released.
– Look for an SMS notification confirming the debit or release of funds, indicating the IPO name and available balance.
Note: The Presstonic Engineering IPO registrar is responsible for the allotment and refund process. For any queries regarding the allotment date and time, investors are advised to contact the registrar.
