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Thaai Casting SME IPO Details 2024

SME IPO Status: Closed [15th Feb 2024 to 20th Feb 2024]

Rated 3/5 by Team InvestorGain
Thaai Casting SME IPO Detail

Thaai Casting Limited is soon bringing an IPO at the NSE SME Exchange. This IPO is opening from 15 Feb to 20 Feb 2024. The face value of each share is Rs 10. The Issue price for this IPO ranges from Rs 73 to Rs 77 for each share along with the minimum lot size of 1600 shares or its multiple.

Please stay connected with us to get the latest update for the IPO of Thaai Casting Limited including company overview, financials, live subscription, allotment, GMP and more.

Thaai Casting SME IPO Details

SME IPO Issue Opening Date: 15th Feb 2024
SME IPO Issue Closing Date: 20th Feb 2024
SME IPO Issue Price: ₹73.00-77.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: NSE SME
Retail Quota: Not less than 35% of the Net Issue
SME IPO Issue Type: Book Build Issue
SME IPO Issue Size: ₹47.20 Cr
Fresh Issue: ₹47.20 Cr
Face Value: ₹10 Per Equity Share
SME IPO Discount: TBD
Promoter Holding Pre IPO: 86.50%
Promoter Holding Post IPO:
Allotment Status: Allotment Status
NSE Code: TCL

Thaai Casting SME IPO Important Dates

Get important updates regarding Thaai Casting SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Thaai Casting SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 21st Feb 2024
Refunds Initiation* 21st Feb 2024
Credit of Shares to Demat* 22nd Feb 2024
SME IPO Listing Date* 23rd Feb 2024

* - Tentative Dates

Thaai Casting SME IPO Lots

SME IPO Activity Date
Issue Price ₹73.00-77.00
Market Lot: 1600 Shares
1 Lot Amount: ₹123200
Min HNI Lots: 3200 shares (2 lots)

Thaai Casting IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
22-02-202477.008097300₹157 (103.9%)22-Feb-2024 23:28
IPO Live GMP
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Thaai Casting

Thaai Casting Limited was established in 2010, and it specializes in die casting, precision machining of ferrous and non-ferrous materials, and induction heating and quenching. The company was founded by Sriramulu Anandan, an experienced professional with extensive knowledge in die casting and machining processes. The company follows a business-to-business (B2B) approach and serves leading companies in the automotive components sector. Their product portfolio includes various automotive components such as engine mounts, transmission mounts, shift forks and housings, steering wheel fittings, electrical connectors, YFG base frame (right/left-hand drive), housings, top covers, and more. 

Their business verticals encompass

  1. high-pressure die casting
  2. machining of ferrous and non-ferrous materials
  3. and induction heating and quenching

Thaai Casting SME IPO Strengths

  • Continuous improvement (kaizen process)
  • Workforce expertise
  • Leadership excellence
  • Production scalability
  • Advanced inspection systems
  • Delivery commitment
  • Specialized talent retention
Incorporation Sector IPO Issue Size Website
2010 Auto Components & Equipments ₹47.20 Cr https://www.thaaicasting.com/

Thaai Casting SME IPO Objective

The objects of the Issue are: -

  • To meet out the Capital Expenditure;
  • To meet out the General Corporate Purposes; and
  • To meet out the Issue Expenses.
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Thaai Casting SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 1,156,800 Shares
  • Non-Institutional Investors: 867,200 Shares
  • Retail Individual Investor: 2,024,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered1,156,800 (28.58%)867,200 (21.42%)2,024,000 (50%)4,048,000
115th Feb 2024 19:321.04x2.10x5.06x3.28x
216th Feb 2024 19:323.51x7.34x21.81x13.48x
319th Feb 2024 18:223.63x69.31x115.95x73.86x
420th Feb 2024 18:22144.43x729.72x355.66x375.43x

Thaai Casting Ltd Financial Information (Restated Standalone)

Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets14,638.255,498.523,752.292,379.19
Revenue4,848.914,911.643,841.942,048.70
Profit After Tax860.93503.71115.4040.33
Net Worth4,116.941,617.31894.84473.46
Reserves and Surplus620.78
Total Borrowing7,830.032,985.102,351.151,313.51
Amount in ₹ Lakhs

Thaai Casting SME IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Thaai Casting Ltd2.962.969.5125.9940.1Standalone
Endurance Technologies Ltd29.0729.07236.8141.9812.28
Electro Steel Casting Limited5.635.63718.1716.77.84

Company Address

Thaai Casting Ltd
No. A-20 SIPCOT Industrial Park,
7th Cross Street, Pillaipakkam,
Tiruvallur,Tamil Nadu-602 105
India
Website: https://www.thaaicasting.com/
Phone: +91 79046 50127
Email: [email protected]

Thaai Casting SME IPO Registrar

Purva Sharegistry India Pvt Ltd
9, Shiv Shakti Industrial Estate,
JR Borica Marg,
Lower Parel (East), Mumbai - 400 011
Website: https://www.purvashare.com/investor-service/ipo-query
Phone: +91-022-23018261/ 23016761
Email: [email protected]

Thaai Casting SME IPO Lead Manager

Thaai Casting SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Thaai Casting? Should I apply in Thaai Casting SME IPO?

Last Updated on 22-Feb-2024 23:33:13

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Thaai Casting SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Thaai Casting SME IPO with Zerodha.

Alternate approch to apply in Thaai Casting SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Thaai Casting SME IPO Review and Important Updates

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Apply in Thaai Casting SME IPO online

To subscribe or apply in Thaai Casting SME IPO, you can use the following methods:

MethodDetails
Thaai Casting SME IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Thaai Casting SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Thaai Casting SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Thaai Casting SME IPO. Most of the Syndicate Banks provide access to apply in Thaai Casting IPO via ASBA process. You must have your net banking access, DP ID information to apply in Thaai Casting SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Thaai Casting SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Thaai Casting SME IPO Review and Important Updates

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Thaai Casting SME IPO Application is not yet available.

 

Thaai Casting SME IPO is going to be list on 23-02-2024. NSE Code for Thaai Casting is TCL.

Other relevant questions:

When Thaai Casting SME IPO will be listing? Thaai Casting SME IPO NSE listing date?Thaai Casting SME IPO date of listing

 

Thaai Casting SME IPO Allotment Date is 21-02-2024.

Other relevant questions:

Thaai Casting SME IPO share allotment date?Thaai Casting SME IPO allotment date?

 


User Reviews

4. Nawal Kishore Verma Feb 10 2024 08:03:06 AM Reply
Thaai Casting SME IPO expected listing gain.
3. Reena Nagar Feb 10 2024 08:03:06 AM Reply
Please confirm Thaai Casting SME IPO GMP (grey market premium) and kostak.
2. Chandra Shekhar Tripathi  Feb 10 2024 08:03:06 AM Reply
Thaai Casting SME IPO good or bad.
1. Suman Das Feb 10 2024 08:03:06 AM Reply
Thaai Casting SME IPO whether to invest or not.