Thaai Casting IPO, allotment and other Details

Thaai Casting’s Initial Public Offering (2024) opened for subscriptions on February 15 and will end February 20, 2024 with 64,49,600 fresh issue equity shares ranging between ₹73 to ₹77 at approximate prices between ₹73-₹77; GYR Capital Advisors Private Limited served as lead manager while Purva Sharegistry India Private Limited handled registration functions.

Empowering Dreams Thaai Casting Invites You to Join Its IPO Journey

About Thaai Casting

Thaai Casting has earned IATF 16949:2016 certification and are experts at High Pressure Die Casting as well as precision machining of ferrous and nonferrous materials for Induction Heating/Quenching processes – providing large automotive component companies with comprehensive product portfolios with their services.

Sriramulu Anandan established his company in 2010, drawing on his longstanding dedication to quality and sustainability – evident through earning Maruti Suzuki’s MSIL-GREEN certification for manufacturing processes that promote environmental responsibility.

Additionally, adopting Kaizen-based continuous improvement culture ensures continual improvements are implemented into production processes so as to stay at the cutting-edge of production practices while remaining cost competitive and ahead of their peers. 

EBITDA margin has also shown year-on-year gains reflecting greater operational efficiencies and profits; yet its debt-to-equity ratio reveals heavy reliance on financing activities which may limit growth potential while simultaneously raising investor risk levels.

Thaai Casting Pro and Cons

ProsCons
Strong growthHigh debt levels
ProfitableFluctuations in growth
Financially healthyLimited geographic reach
Experienced leadershipCompetitive landscape
Established client baseExposure to automotive industry
Diverse product portfolioLimited information availability

Objects of the Issue:

  • To meet out the Capital Expenditure.
  • To meet out the General Corporate Purposes.
  • To meet out the Issue Expenses.

Thaai Casting IPO Important Dates

StageDate
IPO Open DateFebruary 15, 2024
IPO Close DateFebruary 20, 2024
Basis of AllotmentFebruary 21, 2024
RefundsFebruary 22, 2024
Credit to Demat AccountFebruary 22, 2024
IPO Listing DateFebruary 23, 2024

Thaai Casting IPO Date & Price Band Details:

DetailInformation
IPO Open DateFebruary 15, 2024
IPO Close DateFebruary 20, 2024
IPO SizeApprox ₹47.20 Crores, 6,129,600 Equity Shares
Face Value₹10 Per Equity Share
IPO Price Band₹73 to ₹77 Per Equity Share
IPO ListingNSE SME
Retail Quota35% of the net offer
QIB Quota50% of the net offer
NII Quota15% of the net offer
DRHP Draft ProspectusClick Here

Thaai Casting IPO Market Lot Size:

ApplicationLot SizeSharesAmount
Retail Minimum11600₹123,200
Retail Maximum11600₹123,200
S-HNI Minimum23200₹246,400

Thaai Casting Financial Report

YearRevenue (₹ Crore)Expense (₹ Crore)PAT (Profit After Tax) (₹ Crore)PAT Growth (%)
202120.4919.900.40
202238.4236.661.15187.50%
202349.1241.915.04336.49%
Sep 2023 (Annualized)34.6725.636.6832.94%

Thaai Casting Address and other required details:

CategoryInformation
Peer GroupEndurance Technologies Limited, Electro Steel Casting Limited
Company PromotersSriramulu Anandan, Anandan Shevaani, Chinraj Venkatesan
IPO RegistrarPurva Sharegistry India Pvt Ltd
Registrar ContactPhone: +91-022-23018261/ 23016761
Registrar Email[email protected]
Registrar Websitehttps://www.purvashare.com/queries/
Allotment StatusClick Here (Purva Sharegistry website URL)
Lead ManagersGYR Capital Advisors Private Limited
Company AddressThaai Casting Ltd, No. A-20 SIPCOT Industrial Park, 7th Cross Street, Pillaipakkam, Tiruvallur,-602105
Company Phone+91 79046 50127
Company Email[email protected]
Company Websitehttps://www.thaaicasting.com/

Frequently asked question by investor:

When is Thaai Casting IPO coming?

The IPO is to open on 15 February 2024.

What is Thaai Casting IPO size?

IPO size is of ₹47.20 cr.

When will Thaai Casting IPO allotment?

Allotment date is on February 21, 2024.

What is Thaai Casting IPO Listing Date?

IPO listing date is on February 23, 2024

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