What you must know about Thaai Casting IPO?
by 5paisa Research Team
12 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 23-Feb-24
- IPO Price Range ₹ 73 to ₹77
- Listing Price ₹ 185.9
- Listing Change inf%
- Last Traded Price ₹ 245.7
- Current Change inf%
Thaai Casting IPO Details
- Open Date 15-Feb-24
- Close Date 20-Feb-24
- Lot Size 1600
- IPO Size ₹ 44.75 - 47.20 Cr
- IPO Price Range ₹ 73 to ₹77
- Min Investment ₹ 116800
- Listing Exchange NSE SME
- Basis of Allotment 21-Feb-24
- Refunds 21-Feb-24
- Credit to Demat Account 22-Feb-24
- Listing Date 23-Feb-24
Thaai Casting IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 15-Feb-24 | 1.04 | 2.09 | 5.01 | 3.25 |
| 16-Feb-24 | 3.51 | 7.34 | 21.81 | 13.48 |
| 19-Feb-24 | 3.63 | 69.30 | 115.90 | 73.83 |
| 20-Feb-24 | 144.43 | 729.72 | 355.66 | 375.43 |
Thaai Casting IPO Synopsis
Thaai Casting Limited IPO is all set to open from 15th February to 20th February 2024. The company is engaged in the automotive ancillary industry. The IPO includes a fresh issue of 6,129,600 shares worth ₹47.20 cr. The share allotment date is 21st February 2024, and the IPO will be listed on 23rd February 2024 on the stock exchanges. The price band is ₹73 to ₹77 and the lot size is 1600 shares.
GYR Capital Advisors Private Limited is the book-running lead manager for this IPO, while Purva Sharegistry India Private Limited is the registrar.
Objectives of Thaai Casting IPO:
Thaai Casting Limited plans to utilize the raised capital from the IPO to:
● To meet working capital requirements.
● General corporate purposes.
● To meet the issue expenses.
About Thaai Casting
Established in 2010, Thaai Casting Limited operates in the automotive ancillary industry. The company has specialization in High-Pressure Die Casting and precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching.
It serves B2B companies in the automotive sector and its product portfolio includes automobile components such as 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, etc.
Thaai Casting has three main verticals:
● High-pressure die casting (HPDC)
● Machining of Ferrous and Non-Ferrous
● Induction Heating and Quenching (IHQ)
The company’s manufacturing facility is based in Tamil Nadu, India.
Peer Comparison
● Endurance Technologies Limited
● Electro Steel Casting Limited
For More Information:
Webstory on Thaai Casting
Thaai Casting Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 48.96 | 38.33 | 20.42 |
| EBITDA | 12.36 | 5.05 | 2.68 |
| PAT | 5.03 | 1.15 | 0.40 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 54.98 | 37.52 | 23.79 |
| Share Capital | 16.17 | 8.94 | 4.73 |
| Total Borrowings | 38.81 | 28.57 | 19.05 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 7.26 | -2.37 | -1.64 |
| Net cash from / (used in) investing activities | -13.40 | -9.66 | -7.11 |
| Net cash flow from / (used in) financing activities | 6.20 | 12.10 | 8.76 |
| Net increase (decrease) in cash and cash equivalents | 0.060 | 0.062 | 0.0026 |
Thaai Casting IPO Key Points
-
Strengths
1. The company has a culture of continuous improvement.
2. It has a skilled and dedicated team of professionals and talent retention ability.
3. It has production scalability with the ability to handle different project sizes in aluminum die casting and IHQ processes.
4. Its advanced inspection systems are a big plus. -
Risks
1. The company is dependent on the performance of the automotive sector in India.
2. An increase in the cost of or a shortfall in the availability of raw materials could impact the business.
3. Revenues are dependent on operations in the state of Tamil Nadu.
4. Operates in a highly competitive industry.
5. It has high working capital requirements.
Thaai Casting
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Thaai Casting IPO FAQs
When does the Thaai Casting IPO opens and closes?
Thaai Casting IPO opens from 15th February to 20th February 2024.
What is the size of the Thaai Casting IPO?
The size of Thaai Casting IPO is ₹47.20 cr.
How to apply for Thaai Casting IPO?
To apply for Thaai Casting 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 Thaai Casting IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the Thaai Casting IPO?
The GMP value of every IPO changes daily. To view today's GMP of Thaai Casting IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of Thaai Casting IPO?
The price band of Thaai Casting IPO is fixed at ₹73 to ₹77 per share.
What is the minimum lot size and investment required for the Thaai Casting IPO?
The minimum lot size of Thaai Casting IPO is 1600 shares and the investment required is ₹1,16,800.
What is the allotment date of the Thaai Casting IPO?
The share allotment date of Thaai Casting IPO is 21st February 2024.
What is the Thaai Casting IPO listing date?
The Thaai Casting IPO will be listed on 23rd February 2024.
Who are the book runners for the Thaai Casting IPO?
GYR Capital Advisors Private Limited is the book-running lead manager for Thaai Casting IPO.
What is the objective of Thaai Casting IPO?
Thaai Casting plans to utilize the raised capital from the IPO to:
1. To meet working capital requirements.
2. General corporate purposes.
3. To meet the issue expenses.
Contact Details of Thaai Casting IPO
Contact Information
Thaai Casting Ltd
No. A-20 SIPCOT Industrial Park
7th Cross Street,
Pillaipakkam, Tiruvallur,-602105
Phone: +91 79046 50127
Email: cs@thaaicasting.com
Website: https://www.thaaicasting.com/
Thaai Casting IPO Register
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
Thaai Casting IPO Lead Manager
GYR Capital Advisors Private Limited
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