Thaai Casting Ltd IPO
NSE SMEListed On: Feb 23, 2024 at ₹ 185.9
₹ 123200 /1600 Shares
Check AllotmentThaai Casting Ltd IPO Details
15 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 timesIPO Docs
RHPThaai 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
12.07RoNW
40.10%Thaai 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
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.
The company offers a wide range of automotive components, such as engine mounting support brackets, transmission mounts, fork shift and housing, steering wheel armatures, electrical connectors, YFG base frames (both right-hand and left-hand drive side), housing, top cover, and more. The manufacturing unit is located in No Tiruvallur, Tamil Nadu, India,
The company has a die-making facility for new product development according to the required specifications. The die maintenance process is done with utmost care to ensure the dies run continuously and have a longer lifespan.
As of September 30, 2023, the company employs 132 people in various departments.
Thaai Casting Ltd - Promoter(s)
Pre Issue Share Holding: 86.50%
Post Issue Share Holding: %
Company Promoter(s)
- 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.
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.
