Thaai Casting Ltd IPO

NSE SME

Listed On: Feb 23, 2024 at ₹ 185.9

₹ 123200 /1600 Shares

Check Allotment

Thaai Casting Ltd IPO Details

15 Feb, 2024

Open Date

20 Feb, 2024

Close Date

21 Feb, 2024

Allotment Date

23 Feb, 2024

Listing Date

Issue Price

₹73-77 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Purva Sharegistry India Pvt Ltd

List Price

185.9

Listing Date

2024-02-23

Market Lot

1600 Shares (₹123,200/-)

Lead Manager

GYR Capital Advisors Private Limited

Issue Size

6,129,600 shares(aggregating up to ₹47.20 Cr)

Retail Portion

35%

Subscription

375.52 times

IPO Docs

DRHP RHP

The IPO of Thaai Casting Ltd is priced at ₹73-77 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Purva Sharegistry India Pvt Ltd is the registrar of the issue.

Thaai Casting Ltd IPO bid opening date is from Feb 15, 2024 and the bid closing date was Feb 20, 2024.
Thaai Casting Ltd IPO allotment result will be available on Feb 21, 2024. The tentative listing date for Thaai Casting Ltd is Feb 23, 2024.

The total issue size is 6,129,600 shares(aggregating up to ₹47.20 Cr).

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

Total No. of Applications: 4,49,900 (Approx)

Thaai Casting Ltd Valuations

EPS Pre IPO

₹2.96/-

EPS Post IPO

₹6.38/-

P/E Pre IPO

25.99

P/E Post IPO

12.07

ROCE

13%

Debt/Equity

1.85

RoNW

40.10%

Price to Book Value

8.10

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

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: %

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.

Other Details

Company Contact Details

Thaai Casting Ltd

No. A-20 SIPCOT Industrial Park, 7th Cross Street, Pillaipakkam, Tiruvallur-602105

Phone: +91 79046 50127

Email: cs@thaaicasting.com

Website: https://www.thaaicasting.com/

Registrar Contact Details

Purva 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.