A punching apparatus for forming workings on a workpiece has a punch holder unit, which includes an upper support body rotatable about a working axis, a punch holder body that houses a plurality of upper forming tools and an upper beating element movable parallel to the working axis to selectively interact with an established upper forming tool, and a die holder unit that includes a lower support body rotatable about the working axis, a die holder body that houses a plurality of lower forming tools and a lower beating element movable linearly along and rotatably about the working axis to selectively interact with an established lower forming tool. The lower beating element is movable linearly between an non-operative position, a first operative position, and a second operative position.