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Swastika Castal IPO

  • Status: Closed
  • RHP:
  • ₹ 260,000 / 4000 shares

    Minimum Investment

Swastika Castal IPO Details

  • Open Date

    21 Jul 2025

  • Close Date

    23 Jul 2025

  • Listing Date

    28 Jul 2025

  • IPO Price Range

    ₹ 65

  • IPO Size

    ₹ 13.35 Cr

  • Listing Exchange

    BSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

Swastika Castal IPO Timeline

Swastika Castal IPO Subscription Status

Last Updated: 23 July 2025 6:42 PM by 5paisa

Swastika Castal Limited is set to release its IPO on July 21, 2025. Incorporated in 1996, the company is engaged in manufacturing high-quality aluminium castings using sand, gravity, and centrifugal casting processes. Its offerings cater to multiple sectors, including electrical transmission, railways, diesel engines, and general industrial applications.
The company boasts an in-house heat treatment facility, enabling better control over mechanical properties and dimensional stability of its products. Swastika Castal has built a reputation for product reliability, global outreach, and commitment to quality.

Established in: 1996

MD: Varun Sharda

Peers:

Thaai Casting Limited
 

Swastika Castal Objectives

The net proceeds from the IPO will be used for:

Funding working capital requirements
General corporate purposes
 

Swastika Castal IPO Size

Types Size
Total IPO Size ₹13.35 Cr
Offer For Sale -
Fresh Issue ₹13.35 Cr

 

Swastika Castal IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 4,000 ₹2,60,000
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 IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
NII (HNI) 2.42 10,26,000 24,78,000 16.11
Individual Investors (IND category bidding for 2 Lots)     7.75 10,26,000 79,56,000 51.71
Total** 5.08 20,52,001 1,04,34,000 67.82

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 24.41 23.35 30.31
EBITDA 2.33 2.48 4.55
PAT 0.58 0.65 2.63
Particulars (in Rs. Crores) FY23 FY24 FY25
Total Assets 26.24 23.82 30.83
Share Capital 1.50 1.50 6.00
Total Borrowings 9.64 8.97 9.12
Particulars (in Rs. Crores) FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 1.12 1.90 1.87
Net Cash Generated From / (used in) investing activities -0.90 -0.74 -1.30
Net Cash Generated From / (used in) financing activities 0.25 -1.72 -0.98
Net Increase (Decrease) In Cash And Cash Equivalents 0.46 -0.57 -0.40


Strengths

1. Wide product range across electrical, railways, and industrial sectors
2. Global export capability
3. Strong quality control and in-house heat treatment
4. Environmentally responsible production
 

Weaknesses

1. Smaller scale compared to larger listed peers
2. Operations are limited to the aluminium casting segment
3. Moderate net margins despite strong revenue
4. Borrowings remain around ₹9 Cr
 

Opportunities

1. Increased demand from electrification and industrial automation
2. Expansion into global OEM partnerships
3. Scope for capacity expansion with IPO proceeds
4. Diversification across sectors ensures revenue stability
 

Threats

1. Competition from low-cost international manufacturers
2. Volatility in aluminium prices affects margins
3. Reliant on a few key customer industries
4. Exchange rate fluctuations impact export earnings
 

1. Established aluminium casting manufacturer with nearly three decades of experience
2. Diversified sectoral exposure across essential industries
3. Strong YoY growth in revenue and PAT
4. In-house process optimisation and quality assurance
5. IPO proceeds aimed at operational strengthening and working capital infusion

1. Growing demand for precision aluminium casting across energy, mobility, and infrastructure
2. Technological shifts towards lightweight materials in manufacturing
3. Government schemes like PLI, Make in India to boost domestic production
4. Demand from the electric vehicle and smart transmission equipment segments is expected to rise
 

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FAQs

Swastika Castal IPO opens on July 21, 2025, and closes on July 23, 2025.
 

Swastika Castal IPO size is ₹13.35 Cr through a fresh issue of 21.64 lakh shares.

Swastika Castal IPO price is fixed at ₹65 per share.

To apply for Swastika Castal IPO, follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section
  • Enter the number of lots and the price at which you wish to apply for the Swastika Castal IPO
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

You will receive the mandate notification to block funds in your UPI app.
 

Minimum lot size of Swastika Castal IPO is 4,000 shares. Retail investors need to apply for 4,000 shares (2 lots) worth ₹2,60,000.

Tentative allotment of Swastika Castal IPO is on July 24, 2025.

 Tentative listing date of Swastika Castal IPO is July 28, 2025, on the BSE SME platform.

Horizon Management Private Limited is the lead manager for Swastika Castal IPO.
 

Swastika Castal plans to utilise the IPO proceeds towards: 

  • Fund working capital needs 
  • General corporate purposes.