Swastika Castal IPO Subscribed 5.08x on Day 3, Backed by Strong Retail Demand
Swastika Castal's initial public offering (IPO) has demonstrated steady investor demand through its third and final day of subscription, with Swastika Castal's stock price set at ₹65 per share reflecting measured market reception. The ₹14.07 crore IPO reached 5.08 times by 5:04:39 PM on day three, indicating moderate investor interest in this aluminium casting manufacturer incorporated in 1996.
Swastika Castal IPO individual investors segment leads with solid 7.75 times subscription, whilst non-institutional investors demonstrate modest participation at 2.42 times, reflecting positive retail confidence in this company.
Swastika Castal IPO subscription reached 5.08 times on day three, led by Individual Investors (7.75x) and NII (2.42x). Total applications reached 2,242.
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Subscription Status of Swastika Castal IPO:
| Date | QIB | NII | Total |
| Day 1 (July 21) | 1.00 | 2.24 | 1.62 |
| Day 2 (July 22) | 1.25 | 4.50 | 2.88 |
| Day 3 (July 23) | 2.42 | 7.75 | 5.08 |
Here are the subscription details for Swastika Castal IPO as of Day 3 (July 23, 2025, 5:04:39 PM):
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
| Market Maker | 1.00 | 1,10,000 | 1,10,000 | 0.72 |
| Non-Institutional Buyers | 2.42 | 10,26,000 | 24,78,000 | 16.11 |
| Individual Investors | 7.75 | 10,26,000 | 79,56,000 | 51.71 |
| Total** | 5.08 | 20,52,001 | 1,04,34,000 | 67.82 |
Key Highlights - Day 3:
- Overall subscription reaching moderate 5.08 times, improving from day two's 2.88 times
- Individual investors leading with solid demand at 7.75 times, building momentum from day two's 4.50 times
- NII segment demonstrating steady participation at 2.42 times, improving from day two's 1.25 times
- Final day witnessed consistent improvement across both investor categories
- Total applications reached 2,242, indicating measured investor participation for this SME IPO
- Cumulative bid amount reached ₹67.82 crores against the issue size of ₹14.07 crores
- Aluminium casting sector showing moderate investor appetite
- Fixed price offering structure simplifying investor decision-making
Swastika Castal IPO - Day 2 Subscription at 2.88 Times
Key Highlights - Day 2:
- Overall subscription improving to 2.88 times from day one's 1.62 times
- Individual investors showing strong growth at 4.50 times, building momentum from day one's 2.24 times
- NII segment demonstrating steady progress at 1.25 times, improving from day one's 1.00 times
Swastika Castal IPO - Day 1 Subscription at 1.62 Times
Key Highlights - Day 1:
- Overall subscription opening cautiously at 1.62 times, showing modest initial investor interest
- Individual investors leading early participation at 2.24 times, indicating initial retail confidence
- NII segment demonstrating measured early interest at 1.00 times, reflecting cautious high-net-worth approach
About Swastika Castal Limited
Incorporated in 1996, Swastika Castal Limited is engaged in the business of aluminium casting. The company operates primarily in the manufacturing sector, focusing on producing high-quality aluminium castings through processes such as sand, gravity, and centrifugal casting. The company specialises in sand-casting for complex designs up to 250 kg and gravity casting up to 80 kg for precise, high-quality components with excellent surface finish and accuracy. The company has an in-house heat treatment facility, ensuring superior quality, efficiency, and cost-effectiveness with precise control over mechanical properties and dimensional stability, serving critical components for electrical equipment, railways, diesel engines, and industrial applications.
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