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).