Thaai Casting Ltd IPO
Thaai Casting Ltd is an NSE SME IPO listed on the NSE SME platform, priced at ₹73–₹77 per share. The stock debuted at ₹185.9, delivering a listing gain of 141.4%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,23,200.
Thaai Casting Ltd IPO
- IPO Dates
- Feb 15, 2024 – Feb 20, 2024
- Price band
- ₹73-77 per equity share
- Minimum Investment
- ₹1,23,200
- Issue size
- ₹47.2 Cr
- Lot size
- 1600
- Allotment Date
- Feb 21, 2024
- Listing
- Feb 23, 2024
- Listing At
- NSE SME
IPO timeline
-
Feb 15, 2024
Open Date
Completed
-
Feb 20, 2024
Close Date
Completed
-
Feb 21, 2024
Allotment Date
Completed
-
Feb 23, 2024
Listing Date
Completed
Thaai Casting Ltd IPO Essentials
Thaai Casting Ltd IPO Details
Thaai Casting Ltd IPO is priced at ₹73-77 per share with a total issue size of 47.2 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹73-77 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,129,600 shares(aggregating up to ₹47.20 Cr)
- Total issue size
- 61,29,600 shares
(aggregating up to ₹47.2 crore) - Fresh issue
- 61,29,600 shares
(aggregating up to ₹47.2 crore) - Listing at
- NSE SME
- List price
- 185.9
- Listing date
- Registrar
- Purva Sharegistry India Pvt Ltd
- Lead manager
-
GYR Capital Advisors Private Limited
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,23,200 |
| Retail(max) | 1 | 1600 | ₹1,23,200 |
| NII (min) | 2 | 3,200 | ₹2,46,400 |
Thaai Casting Ltd IPO Reservation
Thaai Casting Ltd IPO reservation details show category-wise allocation of shares. Out of the total 6,129,600 shares, approximately 18.87% are reserved for QIB, 14.15% for NII, 33.02% for retail investors, 5.66% for market maker, and 28.3% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,734,400 (28.3%) | |
| Market Maker Shares Offered | 347,200 (5.66%) | |
| QIB Shares Offered | 1,156,800 (18.87%) | |
| NII (HNI) Shares Offered | 867,200 (14.15%) | |
| Retail Shares Offered | 2,024,000 (33.02%) | |
| Total Shares Offered | 6,129,600 (100%) |
Thaai Casting Ltd IPO Analytics
Thaai Casting Ltd IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Thaai Casting Ltd IPO Subscription Status
Thaai Casting Ltd IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹2.96/-
- EPS Post IPO
- ₹6.38/-
- P/E Pre IPO
- 25.99
- P/E Post IPO
- 12.07
Returns
- ROCE
- 13%
- RoNW
- 40.10%
Fundamentals
- Debt / Equity
- 1.85
- Price / Book
- 8.10
Thaai Casting Ltd Financials( In Lakhs)
| 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 |
Thaai Casting Ltd Company & Offer Insights
About Thaai Casting Ltd
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)
Sriramulu Anandan, Anandan Shevaani, Chinraj Venkatesan are the company's promoters of Thaai Casting Ltd.
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.
Thaai Casting Ltd IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Thaai Casting Ltd | 2.96 | 2.96 | 9.51 | 25.99 | 40.1 | N/A | Standalone |
| Endurance Technologies Ltd | 29.07 | 29.07 | 236.81 | 41.98 | 12.28 | 6.9 | N/A |
| Electro Steel Casting Limited | 5.63 | 5.63 | 718.17 | 16.7 | 7.84 | 0.16 | N/A |
Notes:
- P/E figures for the peers are based on closing market prices of equity shares on BSE on November 30, 2023, divided by the Basic EPS as of March 31, 2023.
- Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the Annual Reports for FY 2022-23 of the listed peer companies.
- Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2023, divided by Total Equity as on March 31, 2023.
- NAV per share for listed peers is computed as the Total Equity as on March 31, 2023, divided by the outstanding number of equity shares as on March 31, 2023.
Contact Information
Contact Details
Thaai Casting Ltd
+91 79046 50127
No. A-20 SIPCOT Industrial Park, 7th Cross Street, Pillaipakkam, Tiruvallur-602105
Registrar Contact Details
Purva Sharegistry India Pvt Ltd
+91-022-23018261/ 23016761
Frequently Asked Questions
Click any question to reveal the answer
Thaai Casting Ltd IPO is a book-built IPO worth ₹47.2 crore. The price band is ₹73–₹77 per share. The IPO opens on Feb 15, 2024 and closes on Feb 20, 2024. It will be listed on NSE SME Platform. Purva Sharegistry India Pvt Ltd is the registrar.
The price band of Thaai Casting Ltd IPO is ₹73 to ₹77 per share.
The lot size of Thaai Casting Ltd IPO is 1600 shares.
The minimum investment for Thaai Casting Ltd IPO is approximately ₹1,23,200 based on the upper price band .
Thaai Casting Ltd IPO opens on Feb 15, 2024 and closes on Feb 20, 2024.
The allotment date of Thaai Casting Ltd IPO is Feb 21, 2024.
Thaai Casting Ltd IPO is expected to be listed on Feb 23, 2024, on NSE SME Platform.
Thaai Casting Ltd IPO valuation snapshot: P/E 12.07, EPS ₹6.38/-, P/B 8.10, RoNW 40.10%, and market cap N/A.
To apply for Thaai Casting Ltd IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Thaai Casting Ltd IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Thaai Casting Ltd IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Thaai Casting Ltd IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Thaai Casting Ltd IPO allotment status on IPO Ji for quick and easy access.