The Thaai Casting IPO started on February 15, 2024, and ended on February 20, 2024. Shares were allocated on February 21, 2024, and refund processes began on February 22, 2024. On February 22, 2024, the shares were credited to investors demat accounts. Thaai Casting was officially listed on the stock exchange on February 23, 2024.
During the IPO, Thaai Casting offered shares at a price range of ₹73 to ₹77 per share, and the lot size was 1600 shares. The total issue size was ₹47.20 crores, with ₹47.20 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Thaai Casting IPO Subscription Update Video
Thaai Casting IPO Subscription Status
The Thaai Casting IPO on February 20, 2024 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, the 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 Basic Details
| Company Name | Thaai Casting Limited |
| 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 |
About Thaai Casting Limited
Established in June 2010, Thai Casting Limited is a company in the automotive industry that specializes in High-Pressure Die Casting, precision 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 is proud to be certified under IATF 16949:2016, ensuring high-quality standards in its operations.
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 cover, and more. The manufacturing unit is situated in No Tiruvallur, Tamil Nadu, India.
Thai Casting has a dedicated die-making facility for developing new products based on specific requirements. The company pays meticulous attention to die maintenance, ensuring continuous operation and an extended lifespan for the dies.
As of September 30, 2023, Thai Casting employs 132 individuals across various departments, demonstrating its commitment to a skilled and diverse workforce.
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Thaai Casting IPO FAQs
What is the start and end date of Thaai Casting IPO Subscription?
The Thaai Casting IPO started on February 15, 2024, and ended on February 20, 2024.
When does Thaai Casting IPO Subscription open?
The Thaai Casting IPO open on February 15, 2024.
When does Thaai Casting IPO Subscription close?
The Thaai Casting IPO Close on February 2, 2024.
What is the allotment date of Thaai Casting IPO?
The allotment date for Thaai Casting IPO is February 21, 2024.
When is the initial refund date of Thaai Casting IPO?
The initial Refund date for Thaai Casting IPO is February 22, 2024.
When were the shares credited to investors demat accounts for the Thaai Casting IPO?
The shares for the Thaai Casting IPO were credited to investors demat accounts on February 22, 2024.
When will Thaai Casting IPO be listed on the stock market?
Thaai Casting IPO stock market will be listed on February 23, 2024 at 10 am.
What was the price range of the Thaai Casting IPO shares?
The Thaai Casting IPO shares were offered at a price range of ₹73 to ₹77 per share.
What was the lot size for the Thaai Casting IPO shares?
The lot size for the Thaai Casting IPO shares was 1600 shares.
What was the total issue size of the Thaai Casting IPO?
The total issue size of the Thaai Casting IPO was ₹47.20 crores.
How were the shares allocated among different types of investors for the Thaai Casting IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Thaai Casting IPO listed?
The Thaai Casting IPO was listed on the NSE SME.
What is the Thaai Casting IPO Subscription Status?
Thaai Casting IPO is subscribed 375.43 Times.
