Last updated on February 25, 2024
Thaai Casting IPO description – Thaai Casting is a renowned automotive ancillary company with IATF 16949:2016 certification. Specializing in High-Pressure Die Casting, precision machining of both Ferrous and Non-Ferrous materials, and induction heating and quenching. In recognition of its commitment to environmental sustainability, the company proudly received the MSIL-GREEN Certification from Maruti Suzuki India Limited in 2021.
The company’s product portfolio includes a diverse range of automobile components, such as engine mounting support brackets, transmission mounts, fork shift, and housing, armature for steering wheels, electrical connectors, YFG base frame (right-hand drive side/left-hand drive side), housing, top cover, and more.
As of 30 September 2023, the company employs 132 individuals. Verticals of its Business:
- High Pressure Die Casting(“HPDC”)
- Machining of Ferrous and Non-Ferrous
- Induction Heating and Quenching
Promoters of Thaai Casting – Sriramulu Anandan, Anandan Shevaani & Chinraj Venkatesan
Table of Contents
Thaai Casting IPO Details
| Thaai Casting IPO Dates | 15 – 20 Feb 2024 |
| Thaai Casting Issue Price | INR 73 – 77 per share |
| Fresh issue | 6,129,600 shares (INR 47.2 crore) |
| Offer For Sale | NIL |
| Total IPO size | 6,129,600 shares (INR 47.2 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 123,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Thaai Casting Financial Performance
| FY 2021* | FY 2022* | FY 2023* | 7M FY 2024* | |
| Revenue | 20.43 | 38.34 | 48.96 | 28.89 |
| Expenses | 19.90 | 36.66 | 41.91 | 21.36 |
| Net income | 0.40 | 1.15 | 5.04 | 5.57 |
*All Standalone data
Thaai Casting Offer News
- Thaai Casting RHP
- Thaai Casting Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Thaai Casting Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.24 | 0.68 | 2.96 |
| PE ratio | – | – | 24.66 – 26.01 |
| RONW (%) | 8.49 | 16.87 | 40.10 |
| NAV | 2.79 | 5.26 | 9.51 |
| ROCE (%) | 3.00 | 5.00 | 13.00 |
| EBITDA (%) | 13.06 | 13.16 | 25.17 |
| Debt/Equity | 2.77 | 2.63 | 1.85 |
Thaai Casting IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 22 February 2024 | 70 | – | 85,000 |
| 21 February 2024 | 70 | – | 85,000 |
| 20 February 2024 | 72 | – | 90,000 |
| 19 February 2024 | 72 | – | 90,000 |
| 17 February 2024 | 70 | – | 80,000 |
| 16 February 2024 | 50 | – | 52,000 |
| 15 February 2024 | 25 | – | 25,000 |
| 14 February 2024 | 25 | – | 27,700 |
| 13 February 2024 | 20 | – | 21,000 |
Thaai Casting IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,156,800 | 867,200 | 2,024,000 | 4,048,000 |
| 20 Feb 2024 | 144.43 | 730.12 | 355.66 | 375.52 |
| 19 Feb 2024 | 3.63 | 69.37 | 113.84 | 72.82 |
| 16 Feb 2024 | 3.51 | 7.66 | 21.09 | 13.19 |
| 15 Feb 2024 | 1.04 | 2.05 | 4.85 | 3.16 |
The market maker reservation portion of 3,47,200 shares is not included in the above calculations.
Thaai Casting IPO Allotment Status
Thaai Casting IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
Thaai Casting IPO Dates & Listing Performance
| IPO Opening Date | 15 February 2024 |
| IPO Closing Date | 20 February 2024 |
| Finalization of Basis of Allotment | 21 February 2024 |
| Initiation of refunds | 22 February 2024 |
| Transfer of shares to demat accounts | 22 February 2024 |
| IPO Listing Date | 23 February 2024 |
| Opening Price on NSE SME | INR 185.9 per share (up 141.43%) |
| Closing Price on NSE SME | Coming soon |
Thaai Casting Offer Lead Manager
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email: [email protected]
Website: www.gyrcapitaladvisors.com
Thaai Casting Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 022 4961 4132
Email: [email protected]
Website: www.purvashare.com
Thaai Casting Contact Details
THAAI CASTING LIMITED
No. A-20 SIPCOT Industrial Park, 7th Cross Street,
Pillaipakkam, Tiruvallur, Tamil Nadu, India, 602105
Phone: +91 79046 50127
E-mail: [email protected]
Website: www.thaaicasting.com
IPO FAQs
What is the Thaai Casting offer size?
Thaai Casting’s offer size is INR 47.2 crores.
What is the Thaai Casting offer price band?
Thaai Casting public offer price is INR 73 – 77 per share.
What is the lot size of the Thaai Casting IPO?
Thaai Casting’s offer lot size is 1,600 shares.
What is Thaai Casting IPO GMP today?
Thaai Casting IPO GMP today is INR 70 per share.
What is the Thaai Casting kostak rate today?
Thaai Casting kostak rate today is NA per application.
What is Thaai Casting Subject to Sauda rate today?
Thaai Casting are Subject to the Sauda rate today is INR 85,000 per application.
