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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹47.20 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹47.20 Cr |
| Fresh Issue | ₹44.52 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹73.00-77.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | TCL |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Incorporated in June 2010, Thai Casting Limited is an automotive ancillary company specializing in High-Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. The company has three business verticals:-
Thaai Casting is an IATF 16949: 2016 certified company.
The company offers a wide range of automotive components, such as engine mounting support brackets, transmission mounts, fork shift and housing, steering wheel armatures, electrical connectors, YFG base frames (both right-hand and left-hand drive side), housing, top cover, and more. The manufacturing unit is located in No Tiruvallur, Tamil Nadu, India,
The company has a die-making facility for new product development according to the required specifications. The die maintenance process is done with utmost care to ensure the dies run continuously and have a longer lifespan.
As of September 30, 2023, the company employs 132 people in various departments.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 37.30 |
| 2 | General Corporate Purposes | 7.40 |
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 146.38 | 54.99 | 37.52 | 23.79 |
| Total Income | 48.49 | 49.12 | 38.42 | 20.49 |
| Profit After Tax | 8.61 | 5.04 | 1.15 | 0.40 |
| NET Worth | 41.17 | 16.17 | 8.95 | 4.73 |
| Reserves and Surplus | 6.21 | |||
| Total Borrowing | 78.30 | 29.85 | 23.51 | 13.14 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROCE | 13% |
| Debt / Equity | 1.85% |
| RoNW | 40.10% |
| PAT Margin | 10.29% |
| Price to Book Value | 8.10 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.96 | 6.38 |
| P/E (x) | 25.99 | 12.07 |
| Promoter Holding | 86.50% | |
| Market Cap | ₹178.10 Cr. | |
