Monarch Surveyors & Engineering Consultants Limited IPO...
19 Jul, 2025
Swastika Castal Limited IPO
Swastika Castal Limited IPO is a fixed price IPO of ₹14.07 crores, consisting of an entirely fresh issue of 21.64 lakh shares priced at ₹65 per share. The IPO opens for subscription on July 21, 2025 and is going to be closed by July 23, 2025. Allotment for the IPO is expected to be done by July 24, 2025 and is anticipated to be listed on BSE SME by July 28, 2025. The minimum lot size for each application is 2,000, the minimum investment required by retail investors is ₹2,60,000, totaling up to 4,000 shares and for a HNI is ₹3,90,000 i.e. 6,000 shares.
Company Background
Swastika Castal Limited was founded in 1996 to establish itself in the aluminium casting industry specializing in a diverse range of aluminium casting processes which include sand casting, gravity die-casting and centrifugal casting, equipped with a team of skilled metallurgists and engineers. They are a trusted name in the aluminium-die casting industry.
Operations & Product Range
Facility and Production
Swastika Castal is located in Kolkata, utilising sand, gravity and centrifugal casting methods in order to produce high-quality aluminium casting for industries like electrical equipment, industrial applications and railway. The company provides strong quality assurance, demonstrates a global reach and represents a portfolio with a diverse range of products.
Brands & Market Presence
Swastika holds a significant place in the aluminium casting market catering to various clients like Toshiba, Hitachi, Groth Corporation, Hyosung, Idex Corporation, etc. It provides products like breakers, tap changers, traction motors, pantograph disconnectors, IV coupler and air dryer to the railway sector and circuit breakers, instrument transformer, gas insulated switchgear, dead tank circuit breaker and high voltage bushings for power and transmission distribution.
Revenue Channels
Swastika Castal Limited generates revenue primarily through their sale of aluminium casting products for various sectors domestically and internationally, the company shows a strong focus towards electrical and railway sectors while also providing services to clients with different industrial backgrounds like textile machinery, pumps and motors, and automotive OEMs registering a growth of 30% in its fiscal year ending March, 2025.
Management and Shareholding
Promoters & Shareholding
The promoters of Swastika Castal Limited IPO are Varun Sharda, who is the managing director of the company and Indra Sharda. Before the listing of its recent IPO Varun and Indira held 100% of the company's shares.
Board Members
The board members of the company include significant individuals like Mr. Varun Sharda (Managing Director), Mr. Ashwinbhai Kantilal Shah (Independent Director), Mr. Bharat Dhirajlal Mehta (Independent Director), Ms. Varsha Sharda (Non-Executive Director), Mr. Nirmalkumar Lunia (Director), Mr. Gopalkumar Ambalal Gandhi (Chief Financial Officer).
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.
Swastika Castal Limited IPO
| 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.**
Swastika Castal Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 21, 2025 to July 23, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,64,000 shares (aggregating up to ₹14.07 Cr) |
| Reserved for Market Maker | 1,10,000 shares (aggregating up to ₹0.7150 Cr) Horizon Financial Consultants Pvt. Ltd. |
| Net Offered to Public | 20,54,000 shares (aggregating up to ₹13.35 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 60,00,000 shares |
| Share Holding Post Issue | 81,64,000 shares |
Swastika Castal Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Jul 21, 2025 |
| IPO Close Date | Wed, Jul 23, 2025 |
| Tentative Allotment | Thu, Jul 24, 2025 |
| Initiation of Refunds | Fri, Jul 25, 2025 |
| Credit of Shares to Demat | Fri, Jul 25, 2025 |
| Tentative Listing Date | Mon, Jul 28, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 23, 2025 |
Swastika Castal Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,60,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,60,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,90,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,10,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,40,000 |
Swastika Castal Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.49% |
Competitive Strength:
- ● The company provides a diverse portfolio of the company’s product offerings for various sectors, catering to domestic as well as international clients.
- ● Swastika Castal Limited IPO has a wide national and global reach, providing services to high-profile clients such as Hitachi, Toshiba, etc.
- ● They pride themselves on the company’s commitment to quality and regular quality assurance checks to maintain their credibility.
Swastika Castal Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 30.83 | 30.31 | 2.63 | 10.67 | 9.12 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 24 | 23 | 1 | 8 | 8.97 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 26.24 | 24.41 | 0.58 | 7.39 | 9.64 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 28.17% |
| ROCE | 32.74% |
| Debt/Equity | 0.85 |
| RoNW | 24.70% |
| PAT Margin | 8.88% |
| EBITDA Margin | 15.36% |
| Price to Book Value | 3.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.39 | 3.23 |
| P/E (x) | 14.8 | 20.14 |
The Objective of Swastika Castal Limited IPO :
The objectives of the Swastika Castal Limited IPO are to acquire funds for capital expenditure in order to own Plant and machinery, and construction of a shed, as well as building also to fulfill the firm’s working capital requirements.
Conclusion :
Swastika Castal Limited IPO gives a chance to its investors to participate in a company that leads the aluminium casting and manufacturing industry, with a large client base in India and various countries internationally, making the company a notable player in the aluminium casting industry.
RHP:
DRHP:
Read more :
Frequently asked Questions (FAQs )
-
1. What is the Swastika Castal Limited IPO issue size and price?
- Swastika Castal Limited IPO is a fixed price IPO of ₹14.07 crores, consisting of an entirely fresh issue of 21.64 lakh shares priced at ₹65 per share
-
2. What is the opening date for the Swatika Castal Limited IPO?
- The IPO opens for subscription on July 21, 2025 and is going to be closed by July 23, 2025
-
3. What is the minimum investment required by retail investors?
- The minimum investment required by retail investors is ₹2,60,000 totaling up to 4,000
-
4. Who are the promoters of Swastika Castal Limited IPO?
- The promoters of Swastika Castal Limited are Varun Sharda, who is the managing director of the company and Indra Sharda
