The Thaai Casting IPO date has been confirmed from February 15, 2024 and closes on February 19, 2024. Read the post to learn about Thaai Casting IPO GMP.
Thaai Casting IPO is a fixed price issue of Rs 47.20 crores. The 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 ₹123,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹246,400.
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Key Details Of Thaai Casting IPO:
Bidding Dates
Feb 15-19
Price Range
₹73 to ₹77 per share
Face Value
₹10 per share
GMP
₹74
Thaai Casting IPO GMP
The Thaai Casting IPO GMP Today is ₹74.
Thaai Casting IPO Overview
Thaai Casting IPO is a book-built issuance worth Rs 47.20 crore. The offering is wholly new, consisting of 61.3 lakh shares. Thaai Casting’s initial public offering (IPO) will be available for subscription on February 15, 2024, and will close on February 19. The allotment for the Thaai Casting IPO is expected to be completed on Tuesday, February 20, 2024. Thaai Casting IPO will be listed on NSE SME, with a tentative listing date of Thursday, February 22, 2024.
Thaai Casting’s IPO price range is set at ₹73-₹77 per share. The Thaai Casting IPO GMP Today is ₹74. The minimum lot size for an application is 1600 shares. The minimum investment for retail investors is ₹123,200. The minimum investment for HNI is 2 lots (3,200 shares) worth ₹246,400.
Thaai Casting IPO Details
| IPO Date | February 15, 2024 to February 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹77 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,129,600 shares (aggregating up to ₹47.20 Cr) |
| Fresh Issue | 6,129,600 shares (aggregating up to ₹47.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,000,000 |
| Share holding post issue | 23,129,600 |
| Market Maker portion | 347,200 shares |
Thaai Casting Limited Financial Information
| 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 |
| Amount in ₹ Lakhs | ||||
Thaai Casting IPO Timeline
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Monday, February 19, 2024 |
| Basis of Allotment | Tuesday, February 20, 2024 |
| Initiation of Refunds | Wednesday, February 21, 2024 |
| Credit of Shares to Demat | Wednesday, February 21, 2024 |
| Listing Date | Thursday, February 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 19, 2024 |
Company Profile
The company sells a variety of automobile components, including engine mounting support brackets, gearbox mounts, fork shift and housing, steering wheel armatures, electrical connectors, YFG base frames (both right-hand and left-hand drive sides), housing, top covers and more. The production centre is located in No Tiruvallur, Tamil Nadu, India. The company has a die-making facility for developing new products based on the required specifications. Die maintenance is performed with meticulous care to guarantee that the dies run continuously and
have a longer lifespan. As of September 30, 2023, the company employed 132 workers across multiple departments. As of September 30, 2023, the company employed 132 workers across multiple departments.
- High Pressure Die Casting
- Machining of Ferrous and Non-Ferrous
- Induction Heating and Quenching
Thaai Casting is an IATF 16949: 2016 certified company.
Registrar Info
| Name | Purva Sharegistry India Pvt Ltd |
| Phone number | +91-022-23018261/ 23016761 |
| Email ID | [email protected] |
| Website | purvashare.com |
Contact Details
| Name | Thaai Casting Ltd |
| Phone number | +91 79046 50127 |
| Email ID | [email protected] |
| Website | thaaicasting.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Thaai Casting IPO FAQs
When Thaai Casting IPO will open?
The Thaai Casting IPO opens on February 15, 2024 and closes on February 19, 2024.
What is the lot size of Thaai Casting IPO?
Thaai Casting IPO lot size is 1600 Shares, and the minimum amount required is ₹123,200.
When is Thaai Casting IPO allotment?
The finalization of Basis of Allotment for Thaai Casting IPO will be done on Tuesday, February 20, 2024, and the allotted shares will be credited to your demat account by Wednesday, February 21, 2024.
When is Thaai Casting IPO listing date?
The Thaai Casting IPO listing date is not yet announced. The tentative date of Thaai Casting IPO listing is Thursday, February 22, 2024.
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