Thaai Casting IPO Review

 
Thaai Casting IPO Review

IPO Open Date: February 15, 2024

IPO Close Date: February 20, 2024

IPO Price: ₹73 to ₹77 per share

Lot Size: 1600 Shares

Listing: February 23, 2024

Thaai Casting is scheduled to hit the market on February 15, 2024 and close on February 20, 2024. Thaai Casting plans to raise around ₹47.20 Cr through an IPO with a sale of up to 6,129,600 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Established in June 2010, Thai Casting Limited is an automotive ancillary company specializing in High-Pressure Die Casting, precision Machining of both Ferrous and Non-Ferrous materials, and Induction heating and quenching. The company holds the prestigious IATF 16949:2016 certification and operates through three distinct business verticals: High Pressure Die Casting, Machining of Ferrous and Non-Ferrous materials, and Induction Heating and Quenching. Their manufacturing unit in No Tiruvallur, Tamil Nadu, India produces a wide array of automotive components such as engine mounting support brackets, transmission mounts, fork shift and housing, steering wheel armatures, electrical connectors, YFG base frames for both right-hand and left-hand drive sides, housing, top covers, and more.

Thai Casting Limited prides itself on its die-making facility for new product development tailored to specific specifications. They place a strong emphasis on die maintenance to ensure the continuous operation and longevity of their equipment. As of September 30, 2023, the company provides employment to 132 individuals across various departments, contributing to their overall success in the industry.

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Thaai Casting


Thaai Casting IPO Details

Thaai Casting IPO opens on Feb 15, 2024, and closes on Feb 20, 2024. The Listing date for Thaai Casting IPO is on Feb 23, 2024. The price band for IPO is ₹73 to ₹77 per share and lot size of 1600 Shares.

IPO DateFeb 15, 2024 to Feb 20, 2024
Listing DateFeb 23, 2024
Price₹73 to ₹77 per share
Lot Size1600 Shares
Issue Size₹47.20 Cr
Face Value₹10 per share

Thaai Casting IPO Tentative Timetable

Thaai Casting opening date is February 15, 2024 and close date is February 20, 2024. The IPO allotment date is February 21, 2024. The refund initiation of IPO is on February 22, 2024. The credit of shares in demat account is on February 22, 2024. The listing date is on February 23, 2024.

EventDate
IPO OpeningFeb 15, 2024
IPO ClosingFeb 20, 2024
IPO Allotment DateFeb 21, 2024
Refund InitiationFeb 22, 2024
Shares Credit to DematFeb 22, 2024
Lisiting DateFeb 23, 2024

Thaai Casting IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹123,200).

CategoryLotsSharesAmount
Retail(Minimum)11600₹123,200
Retail(Maximum)11600₹123,200
HNI (Minimum)23200₹246,400

Thaai Casting IPO Promoter Holding

Pre Issue Share Holding86.50%
Post Issue Share Holding

Thaai Casting IPO Review

Thaai Casting Ltd's recent IPO has created quite a buzz in the market, thanks to its impressive financial performance. The substantial increase of 27.84% in revenue and a staggering 336.49% rise in Profit After Tax (PAT) between March 31, 2022, and March 31, 2023, highlights the company's robust growth trajectory. These impressive numbers indicate a strong potential for market expansion and profitability for Thaai Casting Ltd, positioning it as an attractive investment option for discerning investors seeking growth opportunities in the market.

The company's key performance indicators further bolster its appeal to potential investors. With a Return on Capital Employed (ROCE) of 13% and a Return on Net Worth (RoNW) of 40.10%, Thaai Casting Ltd demonstrates a solid financial performance that instills confidence in its ability to generate returns for its stakeholders. Additionally, the allocation of IPO proceeds towards crucial objectives such as capital expenditure, general corporate purposes, and issue expenses underscores the company's strategic approach towards utilizing funds for sustainable growth and operational efficiency.

In conclusion, Thaai Casting Ltd's IPO presents an enticing opportunity for investors looking to capitalize on a company with a strong financial foundation and promising growth prospects. By focusing on the company's remarkable financial performance, key performance indicators, and prudent allocation of funds, investors can make informed decisions regarding their participation in the IPO and potentially benefit from the company's growth journey in the competitive market landscape.

Thaai Casting IPO Subscription Status (Bidding Details)

Table not found

Thaai Casting IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Thaai Casting IPO FAQs

What is Thaai Casting IPO?

Thaai Casting is issuing 6,129,600 equity shares with a face value of ₹10 each, totaling up to ₹47.20 Cr. The shares are being offered at a price of ₹73 to ₹77 each, with a minimum order quantity of 3000 shares.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Thaai Casting IPO will open?

Thaai Casting will open on February 15, 2024 for QIB, NII, and Retail Investors.

When Thaai Casting IPO will end?

Thaai Casting will end on February 20, 2024.

What is Thaai Casting IPO Size?

Thaai Casting IPO size is 47.20 Cr.

What is Thaai Casting IPO Price Band?

Thaai Casting price band is ₹73 to ₹77 per share.

What is the Thaai Casting IPO Allotment Date?

Thaai Casting allotment date is February 21, 2024.

What is the Thaai Casting IPO Listing Date?

Thaai Casting listing date is February 23, 2024. The IPO is to be listed on BSE and NSE.

How to Thaai Casting IPO through Zerodha?

To apply for the IPO “Thaai Casting” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Thaai Casting IPO through Upstox?

To apply for the IPO “Thaai Casting” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Thaai Casting IPO Allotment Status?

For Thaai Casting IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Thaai Casting IPO GMP?

You can check out here: Thaai Casting IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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