Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Thaai Casting IPO is a book build issue of ₹47.20 crores. The issue is entirely a fresh issue of 0.61 crore shares of ₹47.20 crore.
Thaai Casting IPO bidding started from Feb 15, 2024 and ended on Feb 20, 2024. The allotment for Thaai Casting IPO was finalized on Feb 21, 2024. The shares got listed on NSE SME on Feb 23, 2024.
Thaai Casting IPO price band is set at ₹77.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,16,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,46,400.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company areGiriraj Stock Broking Pvt.Ltd., Commodity Mandi Pvt.Ltd..
Refer to Thaai Casting IPO RHP for detailed Information.
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | February 23, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹73 to ₹77 per share |
| Issue Price Final | ₹77 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 61,29,600 shares (aggregating up to ₹47.20 Cr) |
| Reserved for Market Maker | 3,47,200 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹2.67 Cr) Commodity Mandi Pvt.Ltd. |
| Net Offered to Public | 57,82,400 shares (aggregating up to ₹44.52 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,70,00,000 shares |
| Share Holding Post Issue | 2,31,29,600 shares |
Thaai Casting IPO offers total 61,29,600 shares. Out of which 28,89,600 (47.14%) allocated to QIB, 11,55,200 (18.85%) allocated to QIB, 8,68,800 (14.17%) allocated to NII, 20,24,000 (33.02%) allocated to RII and 17,34,400 (28.30%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,47,200 (5.66%) |
| QIB Shares Offered | 28,89,600 (47.14%) |
| − Anchor Investor Shares Offered | 17,34,400 (28.30%) |
| − QIB (Ex. Anchor) Shares Offered | 11,55,200 (18.85%) |
| NII (HNI) Shares Offered | 8,68,800 (14.17%) |
| Retail Shares Offered | 20,24,000 (33.02%) |
| Total Shares Offered | 61,29,600 (100.00%) |
Thaai Casting IPO raises ₹13.35 crore from anchor investors. Thaai Casting IPO Anchor bid date is February 14, 2024. Thaai Casting IPO Anchor Investors list
| Bid Date | February 14, 2024 |
| Shares Offered | 17,34,400 |
| Anchor Portion Size (In Cr.) | 13.35 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 20, 2024 |
Thaai Casting IPO opens on February 15, 2024, and closes on February 20, 2024.
| IPO Open Date | Thu, Feb 15, 2024 |
| IPO Close Date | Tue, Feb 20, 2024 |
| Tentative Allotment | Wed, Feb 21, 2024 |
| Initiation of Refunds | Wed, Feb 21, 2024 |
| Credit of Shares to Demat | Thu, Feb 22, 2024 |
| Tentative Listing Date | Fri, Feb 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 20, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,23,200 |
| Retail (Max) | 1 | 1,600 | ₹1,23,200 |
| HNI (Min) | 2 | 3,200 | ₹2,46,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14,638.25 | 5,498.52 | 3,752.29 | 2,379.19 |
| Total Income | 4,848.91 | 4,911.64 | 3,841.94 | 2,048.70 |
| Profit After Tax | 860.93 | 503.71 | 115.40 | 40.33 |
| Net Worth | 4,116.94 | 1,617.31 | 894.84 | 473.46 |
| Reserves and Surplus | 620.78 | |||
| Total Borrowing | 7,830.03 | 2,985.10 | 2,351.15 | 1,313.51 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Thaai Casting IPO is ₹178.10 Cr.
| KPI | Values |
|---|---|
| ROCE | 13% |
| Debt/Equity | 1.85 |
| RoNW | 40.10% |
| Price to Book Value | 8.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.96 | 6.38 |
| P/E (x) | 25.99 | 12.07 |
The objects of the Issue are: -
[Dilip Davda] TCL is a distinguished automotive ancillary company and has posted growth in its top and bottom lines for the reported periods. The management is confident of improving the trends established so far. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards. The closing date is extended by a day to February 20, 2024 due to Bank Holiday on February 19, 2024. Read detail review...
| Listing Date | February 23, 2024 |
| BSE Script Code | |
| NSE Symbol | TCL |
| ISIN | INE0QJL01014 |
| Final Issue Price | ₹77 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹77.00 |
| Open | ₹185.90 |
| Low | ₹176.60 |
| High | ₹195.15 |
| Last Trade | ₹195.15 |
Thaai Casting Ltd.
No. A-20 SIPCOT Industrial Park
7th Cross Street,
Pillaipakkam,
Thiruvallur, Tamil Nadu, 602105
Phone: +91 79046 50127
Email: cs@thaaicasting.com
Website: https://www.thaaicasting.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Thaai Casting IPO is a SME IPO of 61,29,600 equity shares of the face value of ₹10 aggregating up to ₹47.20 Crores. The issue is priced at ₹77 per share. The minimum order quantity is 1600.
The IPO opens on February 15, 2024, and closes on February 20, 2024.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Thaai Casting IPO using UPI as a payment gateway. Zerodha customers can apply in Thaai Casting IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Thaai Casting IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Thaai Casting IPO opens on February 15, 2024 and closes on February 20, 2024.
Thaai Casting IPO lot size is 1600, and the minimum amount required for application is ₹1,23,200.
You can apply in Thaai Casting 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 Thaai Casting IPO will be done on Wednesday, February 21, 2024, and the allotted shares will be credited to your demat account by Thursday, February 22, 2024. Check the Thaai Casting IPO allotment status.
The Thaai Casting IPO listing date is on Friday, February 23, 2024.
Useful Articles
RHP