Thaai Casting IPO GMP, Review, Price, Allotment

Thaai Casting IPO GMP

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
Thaai Casting

Promoters of Thaai Casting – Sriramulu Anandan, Anandan Shevaani & Chinraj Venkatesan

Thaai Casting IPO Details

Thaai Casting IPO Dates15 – 20 Feb 2024
Thaai Casting Issue PriceINR 73 – 77 per share
Fresh issue6,129,600 shares (INR 47.2 crore)
Offer For SaleNIL
Total IPO size6,129,600 shares (INR 47.2 crore)
Minimum bid (lot size)1,600 shares (INR 123,200)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Thaai Casting Financial Performance

 FY 2021*FY 2022*FY 2023*7M FY 2024*
Net income0.401.155.045.57
Figures in INR Crores unless specified otherwise
*All Standalone data

Thaai Casting Offer News

Thaai Casting Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio24.66 – 26.01
RONW (%)8.4916.8740.10
ROCE (%)3.005.0013.00
EBITDA (%)13.0613.1625.17
Debt/Equity 2.772.631.85
*Compiled by IPO Central from Prospectus

Thaai Casting IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
22 February 20247085,000
21 February 20247085,000
20 February 20247290,000
19 February 20247290,000
17 February 20247080,000
16 February 20245052,000
15 February 20242525,000
14 February 20242527,700
13 February 20242021,000

Thaai Casting IPO Subscription – Live Updates

Shares Offered1,156,800867,2002,024,0004,048,000
20 Feb 2024144.43730.12355.66375.52
19 Feb 20243.6369.37113.8472.82
16 Feb 20243.517.6621.0913.19
15 Feb 20241.042.054.853.16

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 Date15 February 2024
IPO Closing Date20 February 2024
Finalization of Basis of Allotment21 February 2024
Initiation of refunds22 February 2024
Transfer of shares to demat accounts22 February 2024
IPO Listing Date23 February 2024
Opening Price on NSE SMEINR 185.9 per share (up 141.43%)
Closing Price on NSE SMEComing soon

Thaai Casting Offer Lead Manager

428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email[email protected]

Thaai Casting Offer Registrar

9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 022 4961 4132
Email: [email protected]

Thaai Casting Contact Details

No. A-20 SIPCOT Industrial Park, 7th Cross Street,
Pillaipakkam, Tiruvallur, Tamil Nadu, India, 602105
Phone: +91 79046 50127
E-mail: [email protected]


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.


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