The Thaai Casting IPO commenced on February 15, 2024, and concluded on February 20, 2024. The allotment of shares took place on February 21, 2024, and the initiation of refunds began on February 22, 2024. The shares were credited to the demat accounts of investors on February 22, 2024. Finally, the listing of Thaai Casting on the stock exchange occurred on February 23, 2024.
The Thaai Casting IPO was priced at ₹73 to ₹77 per share, with a lot size of 1600 shares. The total issue size was ₹47.20 crores, comprising a fresh issue of ₹47.20 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Thaai Casting IPO Basic Details
| Company Name | Thaai Casting Limited |
| Thaai Casting IPO GMP Today | ₹0.00 |
| Thaai Casting IPO Listing Gain | 0.00% |
| Thaai Casting IPO Open Date | February 15, 2024 |
| Thaai Casting IPO Close Date | February 20, 2024 |
| Thaai Casting IPO Allotment Date | February 21, 2024 |
| Thaai Casting IPO Listing Date | 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 |
| Company Promoters | Sriramulu Anandan, Anandan Shevaani and Chinraj Venkatesan |
Thaai Casting IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹0 | 0.00% | – | – |
| 12 February 2024 | ₹0 | 0.00% | – | – |
| 11 February 2024 | ₹0 | 0.00% | – | – |
Thaai Casting IPO Details:
Established in June 2010, Thai Casting Limited is a company focused on automotive components. Specializing in High-Pressure Die Casting, precise Machining of Ferrous and Non-Ferrous materials, and Induction heating and quenching, the company operates in three main areas:
- High Pressure Die Casting
- Machining of Ferrous and Non-Ferrous materials
- Induction Heating and Quenching
Thaai Casting proudly holds the IATF 16949:2016 certification, ensuring high-quality standards in its operations.
Offering 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 cover, and more. The manufacturing unit is situated in No Tiruvallur, Tamil Nadu, India.
For continuous innovation, the company has a dedicated die-making facility to develop new products according to specific requirements. The maintenance of dies is meticulously carried out to ensure prolonged functionality.
As of September 30, 2023, Thai Casting Limited employs 132 individuals across various departments, reflecting its commitment to growth and excellence.
Thaai Casting IPO More Details Click Here
Thaai Casting IPO FAQs
When is Thaai Casting IPO open?
Thaai Casting IPO will open on 15 February 2024.
When is Thaai Casting IPO Close?
Thaai Casting IPO will be closed on 20 February 2024.
What is Thaai Casting IPO GMP Today?
The Thaai Casting IPO GMP aka Grey Market Premium is ₹0.
What is Thaai Casting IPO Kostak Rates Today?
The Thaai Casting IPO Kostak Rate is ₹000.
What is Thaai Casting IPO Subject to Sauda Price Today?
The Thaai Casting IPO subject to sauda rates is ₹000.
Thaai Casting IPO Expected Returns?
The Thaai Casting expected return is 0.00%.
How much will be the listing gain in Thaai Casting IPO?
Thaai Casting IPO will get listing gain of 0.00%. (Approx.)
