Thaai Casting Ltd IPO
NSE SMEListed On: Feb 23, 2024 at ₹ 185.9
₹ 123200 /1600 Shares
Check Allotment15 Feb, 2024
Open Date20 Feb, 2024
Close Date21 Feb, 2024
Allotment Date23 Feb, 2024
Listing DateIssue Price
₹73-77 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Purva Sharegistry India Pvt LtdList Price
185.9Listing Date
2024-02-23Market Lot
1600 Shares (₹123,200/-)Lead Manager
GYR Capital Advisors Private LimitedIssue Size
6,129,600 shares(aggregating up to ₹47.20 Cr)Retail Portion
35%Subscription
375.52 timesThaai Casting Ltd IPO Details
Thaai Casting Ltd IPO is an SME IPO, priced at ₹73-77 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 61,29,600 equity shares, aggregating up to ₹47.2 crores..
The IPO bidding window is open from Feb 15, 2024 to Feb 20, 2024. The allotment is expected to be finalized on Feb 21, 2024, and the tentative listing date is Feb 23, 2024.
The minimum lot size for retail investors is 1600 shares, with a minimum investment of ₹1,23,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,46,400.
GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Purva Sharegistry India Pvt Ltd, and Giriraj Stock Broking Private Limited Commodity Mandi Private Limited will act as the market maker for this issue.
Thaai Casting Ltd IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,156,800 / 867,200 | 2,024,000 | 4,048,000 |
| Day 1 - 15-02-24 06:00 PM | 1.04 / 2.10 x | 5.06 x | 3.28 x |
| Day 2 - 16-02-24 06:00 PM | 3.51 / 7.66 x | 21.09 x | 13.19 x |
| Day 3 - 19-02-24 06:00 PM | 3.63 / 69.31 x | 115.95 x | 73.86 x |
| Day 4 - 20-02-24 06:00 PM | 144.43 / 730.12 x | 355.66 x | 375.52 x |
Thaai Casting Ltd Valuations
EPS Pre IPO
₹2.96/-EPS Post IPO
₹6.38/-P/E Pre IPO
25.99P/E Post IPO
12.07ROCE
13%Debt/Equity
1.85RoNW
40.10%Price to Book Value
8.10Thaai Casting Ltd Company Financials All values are in ₹ Lakh
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 5,498.52 | 3,752.29 | 2,379.19 |
| Revenue | 4,911.64 | 3,841.94 | 2,048.70 |
| Profit After Tax | 503.71 | 115.40 | 40.33 |
About The Company
Incorporated in June 2010, Thai Casting Limited is an automotive ancillary company with specialization in High-Pressure Die Casting, along with the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. The company has three business verticals:-
High Pressure Die Casting
Machining of Ferrous and Non-Ferrous
Induction Heating and Quenching
Thaai Casting is an IATF 16949: 2016 certified company.
Automotive Components: The firm provides a series of automotive parts, including Engine Mounting Support Brackets, transmission mounts, Fork Shift and Housing, Steering wheel armatures, Electrical connectors, YFG base frames (both RHS and LHS), Housing, Top Cover etc. The company's manufacturing is located in No Tiruvallur, Tamil Nadu, India,
The company has a die-making facility for new product development according to the required specifications. Due care is taken in maintaining the dies to ensure that they run continuously and have a long life.
Up to September 30, 2023, 132 people are employed in the various departments.
Thaai Casting Ltd - Promoter(s)
Pre Issue Share Holding: 86.50%
Post Issue Share Holding: %
- Sriramulu Anandan
- Anandan Shevaani
- Chinraj Venkatesan
Thaai Casting Ltd IPO - Issue Objectives
- To meet out the Capital Expenditure
- To meet out the General Corporate Purposes
- To meet out the Issue Expenses.
Other Details
Thaai Casting Ltd
No. A-20 SIPCOT Industrial Park, 7th Cross Street, Pillaipakkam, Tiruvallur-602105Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Thaai Casting Ltd IPO - FAQs
Ans. Thaai Casting Ltd IPO is a SME IPO. The issue is priced at ₹73-77 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Feb 15, 2024, and closes on Feb 20, 2024. Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Thaai Casting Ltd IPO opens on Feb 15, 2024 and closes on Feb 20, 2024.
Ans. The size of Thaai Casting Ltd IPO is 6,129,600 shares(aggregating up to ₹47.20 Cr).
Ans. The IPO price band is set between ₹73-77 per equity share.
Ans. To apply for Thaai Casting Ltd IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Thaai Casting Ltd IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Thaai Casting Ltd IPO is Feb 21, 2024.
Ans. The Thaai Casting Ltd IPO will be listed on Feb 23, 2024.
Ans. Follow the steps to check the allotment status for Thaai Casting Ltd IPO here.
