Thaai Casting IPO Details ( Thaai Casting Limited IPO Review )
(15 Feb 2024 – 20 Feb 2024)
Established in June 2010, Thai Casting Limited is a company in the automotive industry that specializes in High-Pressure Die Casting, precise machining of both Ferrous and Non-Ferrous materials, and Induction heating and quenching.
The company has three main areas of focus:
- High Pressure Die Casting
- Machining of Ferrous and Non-Ferrous materials
- Induction Heating and Quenching
Thai Casting proudly holds the IATF 16949:2016 certification, demonstrating its commitment to quality and excellence.
The company provides a diverse range of automotive components, including engine mounting support brackets, transmission mounts, fork shift and housing, steering wheel armatures, electrical connectors, YFG base frames (for both right-hand and left-hand drive sides), housing, top covers, and more. The manufacturing unit is situated in No Tiruvallur, Tamil Nadu, India.
Thai Casting is equipped with a die-making facility dedicated to new product development based on specific requirements. The company ensures meticulous die maintenance to guarantee continuous operation and extend the lifespan of the dies.
As of September 30, 2023, Thai Casting employs a dedicated team of 132 professionals across various departments.
Thaai Casting Limited IPO Competitive Strength
- Continuous Improvement (KAIZEN Process)
- Some of the examples of this process as certified by the Svia Consultant Services LLP Chartered Engineers by their certificate dated December 23, 2023 having registration Number AM150263-0
- Workforce Expertise
- Production Scalability
- Delivery Commitment
- Specialized Talent Retention
Thaai Casting IPO Financials Performance ( Results )
Thaai Casting Limited Financial Information (Restated Standalone)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 2,379.19 | 2,048.70 | 40.33 | 0.24 | 473.46 | 2.79 | 1,313.51 | |
| 31-Mar-22 | 3,752.29 | 3,841.94 | 115.40 | 0.68 | 894.84 | 5.26 | 2,351.15 | |
| 31-Mar-23 | 5,498.52 | 4,911.64 | 503.71 | 2.96 | 1,617.31 | 9.51 | 2,985.10 | |
| 31-Oct-23 | 8,188.82 | 2,888.93 | 557.12 | 3.28 | 2,320.78 | 13.65 | 620.78 | 4,410.07 |
Objective of Thaai Casting IPO Issue
- To meet out the Capital Expenditure;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Thaai Casting IPO Basic Details
| IPO Date | Feb 15, 2024 to Feb 20, 2024 |
| Listing Date | Tuesday, February 23, 2024 |
| Face Value | ₹10 per share |
| Price | ₹73 to ₹77 per share |
| Lot Size | 1600 Shares |
| Issue Size | 6,129,600 shares of ₹10 (aggregating up to ₹47.20 Cr) |
| Fresh Issue | 6,129,600 shares of ₹10 (aggregating up to ₹47.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,000,000 |
| Share holding post issue | 23,129,600 |
| Company Promoters | Sriramulu Anandan, Anandan Shevaani and Chinraj Venkatesan |
Thaai Casting IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Thaai Casting IPO Timetable
Thaai Casting IPO will open on February 15, 2024 and close on February 20, 2024. You can join Thaai Casting IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 15 February 2024 (Thursday) |
| Closing Date | 20 February 2024 (Tuesday) |
| Basis of Allotment | 21 February 2024 (Wednesday) |
| Initiation of Refunds | 22 February 2024 (Thursday) |
| Credit of Shares to Demat | 22 February 2024 (Thursday) |
| Listing Date | 23 February 2024 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 19 February 2024 |
Thaai Casting IPO Lot Size
For retail investors in Thaai Casting IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹123,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹123,200.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| S-HNI (Min) | 2 | 3200 | ₹246,400 |
Thaai Casting IPO Promoter Holding
The company’s promoters include Sriramulu Anandan, Anandan Shevaani and Chinraj Venkatesan.
| Pre Issue Share Holding | 86.50% |
| Post Issue Share Holding |
Thaai Casting Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 178.10 |
| Earning Per Share (EPS) | ₹2.96 per Equity Share |
| Net Asset Value (NAV) | ₹9.51 per Equity Share |
| P/E Ratio (P/E) (x) | 25.99 |
| Post P/E Ratio (P/E) (x) | 12.07 |
| Return on Net Worth (RoNW) (%) | 40.10 |
| Return on equity (ROE) (%) | |
| Return on Capital Employed (ROCE) (%) | 13.00 |
| Debt/Equity Ratio | 1.85 |
| Price/Book Value Ratio | 8.10 |
Thaai Casting Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CMP (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Thaai Casting Limited | Standalone | 77.00 | 10.00 | 2.96 | 40.10 | 9.51 | |
| Peer Group | |||||||
| Endurance Technologies Limited | Standalone | 1,634.30 | 10.00 | 29.07 | 41.98 | 12.28 | 236.81 |
| Electro Steel casting Limited | Standalone | 115.10 | 10.00 | 5.63 | 16.70 | 7.84 | 718.17 |
Thaai Casting IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹0 | – | – |
| 12 February 2024 | ₹0 | – | – |
| 11 February 2024 | ₹0 | – | – |
| 10 February 2024 | ₹0 | – | – |
| 9 February 2024 | ₹0 | – | – |
Thaai Casting IPO Detail Video:
Thaai Casting IPO Subscription Status (Bidding Detail)
The Thaai Casting IPO on February 20, 2024 at 7:30:00 PM was subscribed 375.43 times, with the retail category being subscribed 355.66 times, the NII (Non-Institutional Investor) category being subscribed 729.72 times, QIB (Qualified-Institutional Buyers) category being subscribed 144.43 times.
| Category | Subscription |
| QIB | 144.43x |
| NII | 729.72x |
| Retail | 355.66x |
| Total | 375.43x |
Thaai Casting IPO Prospectus
| Thaai Casting IPO DRHP | Download |
| Thaai Casting IPO RHP | Download |
| Thaai Casting IPO Anchor Investors Details PDF | Download |
Thaai Casting IPO Rating
| Our Rating | 2.5/5.0 |
Thaai Casting Company Contact Information
Thaai Casting Limited
Registered Office: No. A-20 SIPCOT Industrial Park, 7th Cross Street, Pillaipakkam, Tiruvallur, Tamil Nadu, India, 602105
Telephone: +91 79046 50127
E-mail: cs@thaaicasting.com
Facsimile: N.A
Website: https://www.thaaicasting.com/
Contact Person: Mr. Rajesh Kumar Samal, Company Secretary & Compliance Officer
Corporate Identity Number: U24105TN2023PLC161105
Promoters of Our Company: Sriramulu Anandan, Anandan Shevaani & Chinraj Venkatesan
Thaai Casting IPO Registrar
Purva Sharegistry (India) Private Limited
Registered Office: 9 Shiv Shakti Industrial Estate, J.R Boricha Marg, Lower Parel (East), Mumbai- 400011, Maharashtra
Telephone: +91-022-4961-4132, 022-3199-8810
Facsimile: N.A.
Email: support@purvashare.com
Website: https://www.purvashare.com/
Investor Grievance Email: newissue@purvashare.com
Contact Person: Ms. Deepali Dhuri
SEBI Registration Number: INR000001385
Thaai Casting IPO Lead Manager
GYR Capital Advisors Private Limited
(Formerly known as Alpha Numero Services Private Limited)
Registered Office: 428, Gala Empire, Near JB Tower, Drive in Road, Thaltej, Ahemdabad-380 054, Gujarat, India.
Telephone: +91 +91 877 756 4648
Facsimile: N.A.
Email ID: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Investor Grievance ID: investors@gyrcapitaladvisors.com
Thaai Casting IPO FAQs
What is the lot size of Thaai Casting IPO?
The total size of Thaai Casting IPO is ₹47.20 crores and this is a complete fresh Issue.
When will Thaai Casting IPO start?
Thaai Casting IPO will open from 15 February 2024 and IPO will close on 20 February 2024.
What is the open date of Thaai Casting IPO?
Thaai Casting IPO will open date from 15 February 2024.
What is the last date ( close date ) of Thaai Casting IPO?
Thaai Casting IPO will close from 20 February 2024.
What is the price band of Thaai Casting IPO?
Thaai Casting IPO price band is ₹73 to ₹77. ( Upper Price Band: ₹77, Lower Price Band: ₹73 )
What is the minimum amount required to apply for Thaai Casting IPO?
The minimum investment for retailers to apply for Thaai Casting IPO is ₹123,200 and the maximum investment is ₹123,200.
What is going on gray market premium of Thaai Casting IPO?
View gray market premium of Thaai Casting IPO by Clicking Here
How much is the GMP of Thaai Casting IPO?
Watch Thaai Casting IPO GMP Today: Click Here
What is the allotment date of Thaai Casting IPO?
The allotment date of Thaai Casting IPO is 21 February 2024.
How to check allotment status in Thaai Casting IPO?
To check the allotment status of Thaai Casting IPO, first of all go to the registrar website by clicking here, select your bad Thaai Casting IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Thaai Casting IPO?
The listing date of Thaai Casting IPO is 23 February 2024.
How much will be the listing gain in Thaai Casting IPO?
View listing gain of Thaai Casting IPO by Clicking Here
How much time Thaai Casting IPO is subscribed?
Total 375.43 times subscribed in Thaai Casting IPO out of which 355.66 times subscription was done in retail quota, 729.72 times subscription in NII quota and 144.43 times subscription in QIB quota.
How to apply for Thaai Casting IPO from Upstox?
Click Here to see how to apply for Thaai Casting IPO from Upstox. (step by step)
How to apply for Thaai Casting PO from Zerodha?
Click Here to see how to apply for Thaai Casting IPO from Zerodha. (step by step)
How to apply for Thaai Casting IPO from Angle One?
Click Here to see how to apply for Thaai Casting IPO from Angle One. (step by step)
