Thaai Casting
Thaai Casting Info
Details about the Thaai Casting IPO. Opening Date of Thaai Casting is 15 Feb 24 and Closing Date is 20 Feb 24 . Face Value of Each share of Thaai Casting is ₹10 per share. Price band of Thaai Casting is ₹73 to ₹77. The Lot size of Thaai Casting is 1,600 shares. Total issue size of Thaai Casting IPO is ₹47.2 cr. Fresh Issue of Thaai Casting IPO is 47.2 cr. This is a Book Building IPO. Expected to list on NSE SME. Share Holding Pre Issue of Thaai Casting is 17,000,000. Share Holding Post Issue of Thaai Casting is 23,129,600.
Business Summary
Thaai Casting is a distinguished automotive ancillary company with IATF 16949:2016 certification, specializing in High Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching
Company's product portfolio encompasses a diverse range of Automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature – Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.
Thaai Casting IPO Details
| Open Date | 15 Feb 24 |
|---|---|
| Close Date | 20 Feb 24 |
| Face Value | ₹10 per shares |
| Price Band | ₹73 - ₹77 |
| Lot Size | 1,600 Shares |
| Total issue Size | 6,129,600 Shares ₹47.2 cr |
| Fresh Issue | 6,129,600 Shares ₹47.2 cr |
| Issue Type | Book Building |
| Listing At | NSE SME |
| Share Holding Pre Issue | 17,000,000 |
| Share Holding Post Issue | 23,129,600 |
| Market Maker | Giriraj Stock Broking, Commodity Mandi |
| Market Maker Portion | 347,200 Shares |
| RHP , DHRP | View RHP, View DRHP |
Thaai Casting IPO Timeline
The Thaai Casting Initial Public Offering (IPO) is set to open on 15 Feb 24 and will end its subscription phase on 20 Feb 24. You can check your allotment status for Thaai Casting on 21 Feb 24. The refund process for your funds will start promptly on 21 Feb 24. Thaai Casting IPO credit of shares will be on 22 Feb 24. The listing date for Thaai Casting is on 23 Feb 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
Thaai Casting IPO Reservation
The Thaai Casting IPO reserves shares for different investor categories. Approximately Not more than 50% of the Net Issue will be available for QIB, Not less than 15% of the Net Issue will be available for NII, Not less than 35% of the Net Issue will be available for Retail,
347,200 Shares will be reserved for subscription by Giriraj Stock Broking, Commodity Mandi
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| NII | Not less than 15% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
Thaai Casting IPO Lot Size
Bids can be made for minimum of 1600 shares and in multiple of 1600 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 123,200 |
| Retail (Max) | 1 | 1,600 | 123,200 |
| HNI (Min) | 2 | 3,200 | 246,400 |
Thaai Casting IPO Promoters Holding
Promoters holding details for Thaai Casting in the current issue is as follows: The share holding of promoters before the issue stands at 86.5%, and after the issue, it has been adjusted to -%.
Promoters of Thaai Casting are Sriramulu Anandan, Anandan Shevaani, Chinraj Venkatesan,
| Share Holding Pre Issue | 86.5% |
|---|---|
| Share Holding Post Issue | -% |
Thaai Casting Financial Information
Financial performance details for Thaai Casting over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 31 Oct 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 14,638.25 | 5,498.52 | 3,752.29 | 2,379.19 |
| Revenue | 4,848.91 | 4,911.64 | 3,841.94 | 2,048.7 |
| Profit After Tax | 860.93 | 503.71 | 115.4 | 40.33 |
Thaai Casting IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Thaai Casting are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 25.99 |
| ROCE | 13% |
| RoNW | 40.10% |
| EPS (Rs) | 2.96 |
Object of the Issue
- • Funding of Working Capital Requirements
- • General Corporate Purpose
- • To Meet the Issue Expenses
Contact Details for Thaai Casting
Phone
Office
No. A-20 SIPCOT Industrial Park 7th Cross Street, Pillaipakkam, Tiruvallur,-602105
Registrar Details for Thaai Casting
Purva Sharegistry India Pvt Ltd
Phone
Office
Unit No. 9, Ground Floor, Shiv Shakti Ind. Estt, J. R. Boricha Marg, Lower Parel East, Mumbai, Maharashtra 400011
Lead Manager
- • GYR Capital Advisors Private Limited