Thaai Casting Ltd IPO
Thaai Casting Ltd IPO bidding starts from February 15, 2024 and ends on February 20, 2024. The allotment for the Thaai Casting Ltd IPO is expected to be finalized on February 21, 2024. Thaai Casting Ltd IPO will list on NSE SME with tentative listing date fixed as February 23, 2024. Thaai Casting Ltd IPO price band is set at ₹73 to ₹77 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹1,23,200.
Important Dates:-
Particulars | Value |
---|---|
Open Date:- | February 15, 2024 |
Close Date:- | February 20, 2024 |
Allotment Date:- | February 21, 2024 |
Listing Date:- | February 23, 2024 |
About Thaai Casting Ltd :-
Established in June 2010, Thai Casting Limited is an automotive ancillary company that specializes in High-Pressure Die Casting and precision Machining of both Ferrous and Non-Ferrous materials, along with Induction heating and quenching services. The company operates with three distinct business verticals.
Thai Casting is an IATF 16949: 2016 certified company, ensuring the highest standards in automotive manufacturing.
The company's offerings include a diverse 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, among others. Situated in No Tiruvallur, Tamil Nadu, India, the manufacturing unit serves as the operational hub.
Moreover, Thai Casting boasts a die-making facility dedicated to new product development as per specific requirements, with meticulous die maintenance procedures in place to ensure prolonged lifespan and uninterrupted production.
As of September 30, 2023, Thai Casting Limited employs a workforce of 132 individuals across various departments, contributing to its operational excellence and continued growth.
Contact Details :-
Address:- Thaai Casting Ltd No. A-20 SIPCOT Industrial Park 7th Cross Street, Pillaipakkam, Tiruvallur,-602105
Phone:- +91 79046 50127
E-mail:- cs@thaaicasting.com
Website:- https://www.thaaicasting.com/
IPO Details :-
Particulars | Value |
---|---|
IPO Type:- | SME |
Price:- | ₹73 to ₹77 |
Lot Size:- | 1600 |
Minimum Amount for 1 Lot:- | ₹1,23,200 |
Listing At:- | NSE SME |
Total issue of Shares:- | 61,29,600 |
Total issue Size:- | ₹47.2 Crore |
Fresh issue of Shares:- | 61,29,600 |
Fresh issue Size:- | ₹47.2 Crore |
Face Value:- | ₹10 per Equity Share |
Financial Information :-
Amount in ₹ Lakh
Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 14,638.25 | 5,498.52 | 3,752.29 | 2,379.19 |
Revenue | 4,848.91 | 4,911.64 | 3,841.94 | 2,048.70 |
Profit After Tax | 860.93 | 503.71 | 115.40 | 40.33 |
Net Worth | 4,116.94 | 1,617.31 | 894.84 | 473.46 |
Reserves and Surplus | 620.78 | |||
Total Borrowing | 7,830.03 | 2,985.10 | 2,351.15 | 1,313.51 |
Key Performance Indicator :-
Particulars | Value |
---|---|
Market Cap (₹ in Crore):- | 178 |
ROE:- | 13% |
Debt/Equity:- | 1.85 |
RoNW:- | 40.10% |
IPO Registrar :-
Name:- Purva Sharegistry India Pvt Ltd
Website:- https://www.purvashare.com/queries/
IPO Prospectus :-
Particulars | Link |
---|---|
Thaai Casting Ltd IPO DHRP:- | Click Here |
Thaai Casting Ltd IPO RHP:- | Click Here |
GMP :-
GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
---|---|---|---|
15-02-2024 | ₹65 | ₹142 | 84.42% |
16-02-2024 | ₹85 | ₹162 | 110.39% |
17-02-2024 | ₹72 | ₹149 | 93.51% |
18-02-2024 | ₹74 | ₹151 | 96.1% |
19-02-2024 | ₹68 | ₹145 | 88.31% |
20-02-2024 | ₹70 | ₹147 | 90.91% |
21-02-2024 | ₹75 | ₹152 | 97.4% |
22-02-2024 | ₹80 | ₹157 | 103.9% |
23-02-2024 | ₹80 | ₹157 | 103.9% |
Subscription Details :-
Date | QIB | NII | Retail | Total |
---|---|---|---|---|
February 15, 2024 | 1.04 | 2.10 | 5.06 | 3.28 |
February 16, 2024 | 3.51 | 7.34 | 21.81 | 13.48 |
February 19, 2024 | 3.63 | 69.31 | 115.95 | 73.86 |
February 20, 2024 | 144.43 | 729.72 | 355.66 | 375.43 |
Allotment Status:-
Particulars | Link |
---|---|
Check Allotment Status (available on February 21, 2024) | Click Here |
Listing Details :-
Particulars | Value |
---|---|
Listing Date:- | February 23, 2024 |
NSE Symbol :- | TCL |
ISIN:- | INE0QJL01014 |
Final Issue Price:- | ₹77.00 |
Open:- | ₹185.90 |
Low:- | ₹176.60 |
High:- | ₹195.15 |
Close:- | ₹195.15 |
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