IPO Details
Bidding Dates
14 Feb '24 - 19 Feb '24
Minimum Investment
₹123,200 / 1 Lot ( 1600 Shares )
Price Range
₹73 - ₹77
Maximum Investment
₹123,200 / 1 Lot ( 1600 Shares )
Retail Discount
Not Applicable
Issue Size
₹47.20 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Feb 14, 2024
Closing Date
Feb 19, 2024
Basis of Allotment
Feb 20, 2024
Initiation of Refunds
Feb 20, 2024
Credit of Shares to Demat
Feb 21, 2024
Listing Date
Feb 22, 2024
Cut-off time for UPI mandate confirmation
Feb 19, 2024
About Thaai Casting Ltd
Thaai Casting is a distinguished automotive ancillary company with IATF 16949:2016 certification, specialising in High-Pressure Die Casting, as well as precision machining of both ferrous and non-ferrous materials and induction heating and quenching. Founded by Mr Sriramulu Anandan, their business model is of a B2B approach, catering to leading entities in the automotive components sector.
Their product portfolio encompasses a diverse range of automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature – Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.
The Indian die-casting industry is expected to grow at a CAGR of 15-20% in the next 2 years, driven by factors such as increasing demand from automotive, electronics, and consumer goods sectors. Thus, it would be prudent to consider investing in a company in this growing sector.
Thaai Casting Ltd IPO Details
Thaai Casting Ltd IPO Dates
The dates for bidding for the Thaai Casting IPO are February 15, 2024, to February 20, 2024.
Thaai Casting Ltd IPO Price Band
Thaai Casting is a book-built IPO. The exact price range is ₹73 to ₹77 per share.
Thaai Casting Ltd IPO Lot Size
The Thaai Casting Ltd IPO lot size is 1,600 shares per lot.
Thaai Casting Ltd IPO Objectives
The net proceeds from the issue are proposed to be utilised towards the following objectives:
- To meet the capital expenditure.
- General corporate purposes.
Peer Details
The following are the listed peer companies of Thaai Casting in India:
- Endurance Technologies Limited
- Electro Steel Casting Limited
How To Check the Allotment Status of the Thaai Casting Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Thaai Casting Ltd
Registered office: No. A-20 SIPCOT Industrial Park, 7th Cross Street, Pillaipakkam, Tiruvallur, Tamil Nadu, India, 602105
Phone: +91 79046 50127
E-mail: cs@thaaicasting.com
IPO Financials
| Particulars | Year Ending on March 31, 2023 | Year Ending on March 31, 2022 | Year Ending on March 31, 2021 |
|---|---|---|---|
| Total Revenue | 4,911.64 | 3,841.94 | 2,048.70 |
| Net Profit | 503.71 | 115.40 | 40.33 |
| Return on Capital Employed | 0.13 | 0.05 | 0.03 |
| Debt-Equity Ratio | 1.85 | 2.63 | 2.77 |
Know before investing
Strengths
2-
Based on Kaizen principles, the company encourages employees at all levels to contribute ideas for incremental process improvements, fostering a dynamic environment that values innovation and efficiency.
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The company has a skilled workforce, allowing flexibility in handling different project sizes in aluminium die-casting and IHQ processes. This adaptability aims to ensure consistent and high-quality results in meeting client demands in both aluminium die casting and induction heating and quenching applications.
Risks
2-
They are heavily dependent on certain suppliers for procurements of raw materials. Any disruption of supply from such entities may affect their business operation. The percentage of the top ten suppliers of the company for financial years 2023, 2022, and 2021 are 90.44%, 84.69% and 66.83%, respectively.
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Our revenues are highly dependent on our operations in the geographical region of the state of Tamil Nadu. The state of Tamil Nadu contributed 85.18%, 69.78% and 69.24% of their total revenue for the financial years ended on March 31 of 2023, 2022 and 2021, respectively. Any adverse development affecting their operations in this region could have an adverse impact on our business, financial condition and results of operations.
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Thaai Casting Ltd IPO FAQs
Thaai Casting IPO is a book-built IPO. The dates for the IPO are February 15, 2024, to February 20, 2024.
The basis of allotment will be finalised on Wednesday, February 21, 2024. The credit of shares to the demat accounts will take place on Thursday, February 22, 2024.
The IPO subscription window is from February 15, 2024, to February 20, 2024.
The lot size for the IPO will be 1,600 shares per lot.
Thaai Casting Ltd will be listed on the NSE Emerge on Friday, February 23, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is Friday, February 23, 2024.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
