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Thaai Casting Ltd IPO

Thaai Casting Ltd IPO heralds a significant moment for the automotive ancillary sector. Specialising in High-Pressure Die Casting, precision Machining, and Induction heating, the Thai Casting IPO marks a pivotal step in Thaai Casting's journey towards manufacturing excellence in Ferrous and Non-Ferrous materials.

Thaai Casting IPO Details



Parameter Details
IPO Open Date Feb 15, 2024
IPO Close Date Feb 19, 2024
Issue Size Rs. 47.20 crores
Fresh Issue 61.3 lakh shares
IPO Price Band Rs. 73 to Rs. 77 per share
Subscription Dates Feb 15 - Feb 20, 2024
Allotment Date 20 Feb 2024
Listing Date 22 Feb 2024
Minimum Lot Size 1600 shares
Minimum Retail Investment Rs. 123,200
Minimum HNI Investment 2 lots (3,200 shares), Rs. 246,400
Book Running Lead Manager GYR Capital Advisors Pvt Ltd
Registrar Purva Sharegistry India Pvt Ltd
Market Makers Giriraj Stock Broking and Commodity Mandi

Checkout the List of Upcoming IPO.

Thaai Casting Ltd IPO, a book-built issue of Rs. 47.20 crores, offers 61.3 lakh fresh shares. Subscription opens from February 15 to February 20, 2024, with allotment expected by February 21. Listed on NSE SME by February 23, 2024, the IPO's price band ranges from Rs. 73 to Rs. 77 per share. GYR Capital Advisors Pvt Ltd manages the issue, while Purva Sharegistry India Pvt Ltd serves as registrar. Giriraj Stock Broking and Commodity Mandi act as market makers.

About the Thaai Casting Company

Established in June 2010, Thai Casting Limited specialises in automotive ancillaries, focusing on High-Pressure Die Casting, precision Machining of Ferrous and Non-Ferrous materials, and Induction heating and quenching.

With IATF 16949:2016 certification, it offers diverse automotive components from its manufacturing unit in No Tiruvallur, Tamil Nadu. Boasting a die-making facility for new product development, the company prioritises quality and longevity in its processes, employing 132 individuals across departments as of September 30, 2023.

IPO Financials Highlights

Period Ended Assets (in Lakhs) Revenue (in Lakhs) Profit After Tax (in Lakhs) Net Worth (in Lakhs) Reserves and Surplus (in Lakhs) Total Borrowing (in Lakhs)
31 Dec 2023 3,722.59 1,853.78 354.57 1,349.78 835.28 1,645.86
31 Mar 2023 3,094.63 2,527.17 592.84 995.21 823.71 1,439.77
31 Mar 2022 1,952.13 998.53 104.44 405.07 233.57 1,297.33
31 Mar 2021 1,478.30 663.10 43.33 300.63 129.13 904.02

Strengths & Weakness

Strengths Weaknesses
Continuous Improvement (KAIZEN Process) Cost Management
Workforce Expertise Talent Turnover Management
Leadership Excellence Technological Disruption
Production Scalability Environmental Regulation Compliance
Advanced Inspection Systems
Delivery Commitment

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How to apply for Thaai Casting Ltd IPO?

Retail investors need to apply for the IPO using UPI

UPI

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  • Register your UPI id with your Demat account.
  • Subscribe for Thaai Casting Ltd IPO and approve the payment on your UPI ID.

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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.

  • The price band for the company's IPO is set at Rs. 73 to Rs. 77 per share.

  • The lot size for the company's IPO is 1600 shares.

  • The minimum investment required for retail investors to participate in the IPO is Rs. 123,200, considering the minimum lot size of 1600 shares priced within the price band of Rs. 73 to Rs. 77 per share. For High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots, totaling 3200 shares, amounting to Rs. 246,400.