Thaai Casting Ltd IPO: Price, Detail, GMP, Opening Date, Financial Report and More

Established in June 2010, Thai Casting Limited specializes in making parts for cars. They’re really good at High-Pressure Die Casting and making things out of metal. They also do precise machining and heat treatments. Their factory is in No Tiruvallur, Tamil Nadu, India.

They have three main parts to their business:

  1. Making parts with High-Pressure Die Casting.
  2. Machining metal parts.
  3. Doing heat treatments using a process called Induction Heating and Quenching.

Thai Casting makes lots of different car parts like engine mounts, brackets, steering wheel parts, and more.

They’re certified to make sure they meet high-quality standards.

They have a special place where they make new molds for making parts. They take good care of these molds to make sure they last a long time.

As of September 30, 2023, they have about 132 people working there.

Key Points Regarding Thaai Casting Ltd IPO

IPO DateFebruary 15, 2024 to February 19, 2024
Price Band₹73 to ₹77 per share
Face ValueRs 10 per share
Lot Size1600 Shares
Total Issue Size6,129,600 shares
(aggregating up to ₹47.20 Cr)
Listing DateThursday, February 22, 2024
Listing AtNSE SME

Thaai Casting Ltd IPO Details

  • Thaai Casting IPO aims to raise Rs 47.20 crores through a fresh issue of 61.3 lakh shares.
  • Investors can subscribe to the IPO from February 15 to February 19, 2024.
  • The allotment of shares is anticipated to be finalized by Tuesday, February 20, 2024.
  • Thaai Casting IPO is scheduled to list on the NSE SME on Thursday, February 22, 2024.
  • The price band for the IPO ranges from ₹73 to ₹77 per share.
  • Retail investors need a minimum investment of ₹123,200 to apply for the IPO, with a minimum lot size of 1600 shares.
  • High-net-worth individuals (HNIs) are required to invest at least ₹246,400, with a minimum lot size of 2 lots (3,200 shares).

Thaai Casting Ltd Financial Information

Between the financial years ending on March 31, 2023, and March 31, 2022, Thaai Casting Ltd’s revenue went up by 27.84%, and their profit after tax (PAT) shot up by 336.49%. (Amount in ₹ Lakhs)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax557.12503.71115.4040.33
Net Worth2,320.781,617.31894.84473.46
Reserves and Surplus620.78
Total Borrowing4,410.072,985.102,351.151,313.51

Contact Details

Thaai Casting Ltd
No. A-20 SIPCOT Industrial Park
7th Cross Street,
Pillaipakkam, Tiruvallur,-602105
Phone: +91 79046 50127
Email: [email protected]

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