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Swastika Castal IPO Details

Fixed Price IPO | ₹14 Cr | Listed at BSE SME | Mon, Jul 21, 2025 - Wed, Jul 23, 2025

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Swastika Castal IPO Logo

Swastika Castal IPO is a fixed price issue of ₹14.07 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹14.07 crore.

Swastika Castal IPO bidding started from Jul 21, 2025 and ended on Jul 23, 2025. The allotment for Swastika Castal IPO was finalized on Jul 24, 2025. The shares got listed on BSE SME on Jul 28, 2025.

Swastika Castal IPO price is ₹65 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,60,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,90,000.

Horizon Management Pvt.Ltd. is the book running lead manager and Accurate Securities & Registry Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Horizon Financial Consultants Pvt.Ltd..

Refer to Swastika Castal IPO DRHP for detailed Information.

IPO Open

Mon, Jul 21, 2025

IPO Close

Wed, Jul 23, 2025

Issue Price

₹65 per share

Market Cap (Pre-IPO)

₹53.07 Cr

IPO Details

IPO Date21 to 23 Jul, 2025
Listed onMon, Jul 28, 2025
Face Value₹10 per share
Issue Price₹65 per share
Lot Size2,000 Shares
Sale TypeFresh capital only
Issue TypeFixed Price IPO
Listing AtBSE SME

Total Issue Size21,64,000 shares
(agg. up to ₹14 Cr)
Reserved for Market Maker
1,10,000 shares
(agg. up to ₹0.7150 Cr)
Horizon Financial Consultants Pvt.Ltd.
Fresh Issue
(Ex Market Maker)		20,54,000 shares
(agg. up to ₹13 Cr)
Net Offered to Public20,54,000 shares
(agg. up to ₹13 Cr)
Share Holding Pre Issue60,00,000 shares
Share Holding Post Issue81,64,000 shares
BSE Script Code 544452
ISININE0PTF01017

IPO Timetable

IPOs Timetable

Issue Reservation

Swastika Castal IPO comprises a total issue size of 21,64,000 shares. The net offer to the public is 20,54,000 shares, after excluding 1,10,000 shares allotted on a firm basis. Of the Net offer 10,26,000 (49.95%) allocated to NII 10,28,000 (50.05%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
NII (HNI) Shares Offered 10,26,00049.95%47.41%
Retail Shares Offered 10,28,00050.05%47.50%
Firm Reservations
Market Maker Shares Offered 1,10,0005.08%
Total Shares Offered 21,64,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 4,000 ₹2,60,000
Individual investors (Retail) (Max) 2 4,000 ₹2,60,000
HNI (Min) 3 6,000 ₹3,90,000
IPO Subscription Details

About Swastika Castal Ltd.

Incorporated in 1996, Swastika Castal Limited is engaged in the business of aluminum casting.

The company operates primarily in the manufacturing sector, focusing on producing high-quality aluminum castings through processes such as sand, gravity, and centrifugal casting.

The company specializes in sand-casting for complex designs (up to 250 kg) and gravity casting (up to 80 kg) for precise, high-quality components with excellent surface finish and accuracy.

The company has an in-house heat treatment facility, ensuring superior quality, efficiency, and cost-effectiveness with precise control over mechanical properties and dimensional stability.

Products:
  • Electrical Equipments and Transmission: Critical components for electrical equipments and transmission.
  • Railways and Diesel Engines: Reliable and robust castings for transportation and heavy machinery.
  • Industrial Applications: Includes air compressors, insulators, and general industrial applications.

Competitive Strengths:

  • Diverse Product Offerings
  • Global Reach
  • Commitment to Quality
  • Leadership Expertise
  • Sustainability Focus

Company Financials (Restated)

Swastika Castal Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 305% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets30.8323.8226.24
Total Income30.3123.3524.41
Profit After Tax2.630.650.58
EBITDA4.552.482.33
NET Worth10.678.037.39
Reserves and Surplus4.676.535.89
Total Borrowing9.128.979.64
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Capital Expenditure for acquisition of Plant & Machinery and Construction of Shed & Building 5.00
2 Working Capital Requirements 5.50
3 General corporate purposes 1.60

Key Performance Indicator (KPI)

KPIMar 31, 2025
ROE28.17%
ROCE32.74%
Debt/Equity0.85
RoNW24.70%
PAT Margin8.88%
EBITDA Margin15.36%
Price to Book Value3.66
Check IPO Peer Comparison here.
Pre IPOPost IPO
EPS (₹)4.393.23
P/E (x)14.820.14
Promoter Holding100%73.49%
Market Cap₹53.07 Cr.
The promoters of the company are Varun Sharda and Indra Sharda.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
SCL leads in aluminium casting and manufacturing. It marked growth in its top and bottom lines for the reported periods. The sudden boost in its bottom line for FY25 raise eyebrows and concern over its sustainability. Based on its recent financial data, the issue appears aggressively priced. Small post-IPO equity base indicates longer gestation period for migration. Well-informed/cash surplus investors may park moderate fund for long term.
Read detail review...

Swastika Castal IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers0100
Members0000

Swastika Castal IPO Subscription Status (Bidding Detail)

The Swastika Castal IPO is subscribed 5.08 times on July 23, 2025 5:04:39 PM (Day 3). The public issue subscribed 7.75 times in the individual investors category, [.] times in the QIB category, and 2.42 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid forTotal Application
NII*2.4210,26,00024,78,0000
Individual Investors7.7510,26,00079,56,0000
Total5.0820,52,0011,04,34,0002,242

Total Application : 2,242

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. 0.15
2 Fees of Lead Manager in any form/ name /purpose 0.30
3 Marketing and Selling Commission and expenses 1.13
4 Advertising and marketing expenses 0.15
5 Printing and distribution of issue stationery 0.01
6 Others - Listing fees 0.01
7 Others - BSE processing fees 0.01
8 Others - Book Building software fees 0.02
9 Others - Other regulatory expenses 0.12
10 Others - Miscellaneous 0.08

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price₹65.00
Open₹67.00
Low₹63.65
High₹68.00
Last Trade₹66.82

Check IPO Performance…

IPO Registrar

Accurate Securities & Registry Pvt.Ltd.

Contact Details

Swastika Castal Ltd. Address
117A,
Chittaranjan Avenue,
Kolkata
Kolkata, West Bengal, 700073
Open an Instant Account with Zerodha

IPO FAQs

Swastika Castal IPO is a SME IPO of 21,64,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.

The IPO opens on Mon, Jul 21, 2025, and closes on Wed, Jul 23, 2025.

Accurate Securities & Registry Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Swastika Castal IPO using UPI as a payment gateway. Zerodha customers can apply in Swastika Castal IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Swastika Castal IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Swastika Castal IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Swastika Castal IPO opens on Mon, Jul 21, 2025 and closes on Wed, Jul 23, 2025.

Swastika Castal IPO lot size is 2000, and the minimum amount required for application is ₹2,60,000, with 2 lots being the minimum application size.

You can apply in Swastika Castal IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Swastika Castal IPO will be done on Thursday, July 24, 2025, and the allotted shares will be credited to your demat account by Fri, Jul 25, 2025. Check the Swastika Castal IPO allotment status.

The Swastika Castal IPO listing date is on Mon, Jul 28, 2025.

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