Thaai Casting Limited IPO is an NSE SME IPO. They are going to raise ₹47.20 Crores via IPO. The issue is priced at ₹73 to ₹77 per equity share. The IPO is to be listed on NSE.
Thaai Casting Limited IPO opens for subscription on February 15, 2024, and closes on February 19, 2024. The allotment for the Thaai Casting Limited IPO is expected to be finalized on February 20, 2024. Thaai Casting Limited IPO will list on NSE SME with tentative listing date fixed as Friday, February 22, 2024.
| Thaai Casting Limited | NSE SME |
| Minimum Investment ₹123,200 /1 Lot (1600 shares) | Price Range ₹73-₹77 | |
| Max Quantity 1 Lots/1600 Shares | Max Investment ₹123,200 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 47.20 Cr | Employee Discount ₹0 |
| Total Issue Size 6,129,600 Shares (aggregating up to ₹47.20 Cr) | Share Holding Pree Issue 17,000,000 | Issue Type Book Built Issue IPO |
| Fresh Issue Share 6,129,600 Shares (aggregating up to ₹47.20 Cr) | Share Holding Post Issue 23,129,600 | Listing At NSE SME |
| Market Maker Portion 347,200 shares (Giriraj Stock Broking, Commodity Mandi) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 15 Feb 2024 |
| Offer Ends | 19 Feb 2024 |
| Allotment | 20 Feb 2024 |
| Refunds | 21 Feb 2024 |
| Credit of shares to Demat account | 21 Feb 2024 |
| IPO Listing | 22 Feb 2024 |
About Thaai Casting Limited
Incorporated in June 2010, Thai Casting Limited is an automotive ancillary company specializing in High-Pressure Die Casting, as well as 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.
Founded by Mr. Sriramulu Anandan, a seasoned professional with extensive expertise in Pressure Die Casting and Machining Processes, their business model is firmly rooted in a B2B approach, catering to leading entities in the automotive components sector. Their product portfolio encompasses a diverse range of Automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature – Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.
In recognition of their commitment to environmental sustainability, they proudly received the MSIL-GREEN Certification from Maruti Suzuki India Limited in 2021.
In 2022, their company was honored with prestigious awards from industry leaders such as Hanon and RSB, recognizing their excellence in terms of Best Quality and being a standout Vendor.
| Incorporated in | Managing Director |
| 2010 | Mr. Sriramulu Anandan |
Share Holding
| Share Holding Pre-Issue | 86.50% |
| Share Holding Post-Issue | % |
Thaai Casting Limited IPO Prospectus
| Thaai Casting Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹4,911.64 | ₹3,841.94 | ₹2,048.70 |
| Assets | ₹5,498.52 | ₹3,752.29 | ₹2,379.19 |
| Profit | ₹503.71 | ₹115.40 | ₹40.33 |
Fundamentals
| Values | Values | ||
| Market cap | 178.1 Cr | ROE | % |
| P/E (X) | 25.99 | ROCE | 13% |
| POST P/E (X) | 12.07 | EPS | 2.96 |
| Debt to Equity | 1.85 | RONW | 40.10% |
Objects of the Issue
- To meet out the Capital Expenditure
- To meet out the General Corporate Purposes
- To meet out the Issue Expenses
Brokerage Firm IPO Review
- To be updated soon
| Thaai Casting Limited Contact Details | |
| Address | Thaai Casting Limited No. A-20 SIPCOT Industrial Park 7th Cross Street, Pillaipakkam, Tiruvallur,-602105 |
| Phone: | +91 79046 50127 |
| cs@thaaicasting.com | |
| Website | https://www.thaaicasting.com/ |
| Thaai Casting Limited IPO Registrar | |
| . | Purva Sharegistry India Pvt Ltd |
| Phone | 91-022-23018261/ 23016761 |
| support@purvashare.com | |
| Website | https://www.purvashare.com/queries/ |
| Thaai Casting Limited IPO Allotment Status Check |
| Thaai Casting Limited IPO Allotment Status Check Click here |
| Thaai Casting Limited Lead Managers | |
| GYR Capital Advisors Limited 428, Gala Empire, Near T.B. Tower Drive In Road Thaltej, Ahmedabad – 380054 Gujarat, India | |
| Phone | +91-82009 31018 |
| info@gyrcapitaladvisors.com | |
| Website | http://www.gyrcapitaladvisors.com/ |
Thaai Casting Limited IPO FAQs
What is Thaai Casting Limited IPO?
- Thaai Casting Limited IPO is an NSE SME IPO. They are going to raise ₹47.20 Crores via IPO. The issue is priced at ₹73 to ₹77 per equity share. The IPO is to be listed on NSE.
When Thaai Casting Limited IPO will open?
- The IPO is to open on February 15, 2023, for QIB, NII, and Retail Investors.
What is Thaai Casting Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Thaai Casting Limited IPO Size?
- Thaai Casting Limited IPO size is ₹47.20 crores.
What is Thaai Casting Limited IPO Price Band?
- Thaai Casting Limited IPO Price Band is ₹73 to ₹77 per equity share.
What is Thaai Casting Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1600 Shares) with ₹123.200. and Maximum Lot Size 1 Lots (1600 Shares) with ₹123,600
What is Thaai Casting Limited IPO Allotment Date?
- Thaai Casting Limited IPO allotment date is February 20, 2024.
What is Thaai Casting Limited IPO Listing Date?
- Thaai Casting Limited IPO listing date is February 22, 2024. The IPO to list on NSE.