Raajmarg Infra Investment Trust IPO...
05 Mar, 2026
Thaai Casting Limited IPO
Thaai Casting Ltd 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. Founded by Mr. Sriramulu Anandan, a seasoned professional with extensive expertise in Pressure Die Casting and Machining Processes, their business model is firmly rooted in a B2B approach, catering to leading entities in the automotive components sector. Their 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 is a book-built issue of Rs 47.20 crores. The issue is entirely a fresh issue of 61.3 lakh shares. Thaai Casting IPO price band is set at ₹73 to ₹77 per share. The minimum lot size for an application is 1600 Shares GYR Capital Advisors Private Limited is the book running lead manager of the Thaai Casting IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market makers for Thaai Casting IPO are Giriraj Stock Broking and Commodity Mandi.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Thaai Casting Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Thaai Casting Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | February 23, 2024 |
| 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 Giriraj Stock Broking |
Thaai Casting Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Wednesday, February 21, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
Thaai Casting Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
Thaai Casting Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 86.50% |
| Share Holding Post Issue | - |
Competitive Strength:
- -
Thaai Casting Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Oct 2023 | 14,638.25 | 4,848.91 | 860.93 | 4,116.94 | - | 7,830.03 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 5,498.52 | 4,911.64 | 503.71 | 1,617.31 | - | 2,985.10 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 3,752.29 | 3,841.94 | 115.40 | 894.84 | - | 2,351.15 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 3,752.29 | 2,048.70 | 40.33 | 473.46 | - | 1,313.51 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 13% |
| Debt/Equity | 1.85 |
| RoNW | 40.10% |
| P/BV | 8.1 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.96 | 6.38 |
| P/E (x) | 25.99 | 12.07 |
Objectives of Thaai Casting IPO
The objectives of the Issue are: -
- ● To meet the Capital Expenditure.
- ● To meet the General Corporate Purposes.
- ● To meet the Issue Expenses.
Thaai Casting Limited IPO Review
TCL is a distinguished automotive ancillary company and has posted growth in its top and bottom lines for the reported periods. The management is confident of improving the trends established so far. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards. The closing date is extended by a day to February 20, 2024 due to Bank Holiday on February 19, 2024.
RHP:
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Frequently Asked Questions (FAQs)
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What is Thaai Casting Limited IPO 2024?
Thaai Casting Limited IPO 2024 is a book-built issue of Rs 47.20 crores. The issue is entirely a fresh issue of 61.3 lakh equity shares. The price band is decided at Rs 73 to 77 per share. The minimum lot size of this application for the retail category is 1600 shares. Thaai Casting Limited IPO will list on NSE SME and listing date fixed on Thursday, February 22, 2024.
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When will Thaai Casting Ltd IPO open for subscription?
The IPO subscription window is from February 15, 2024, to February 20, 2024.
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What Is The Allotment Date Of The Thaai Castings IPO?
The allotment date of Thaai Castings IPO is February 21, 2024.
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What Is The Price Band Of Thaai Castings IPO?
The price band of the company is INR 73-77 per share.
