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 su
SME · BSE
Swastika Castal IPO
Swastika Castal IPO
Overview
Swastika Castal IPO is a fixed price of ₹14.07 crores. The issue is entirely a fresh issue of 21.64 lakh shares. Swastika Castal IPO opens for subscription on July 21, 2025 and closes on July 23, 2025. The allotment for the Swastika Castal IPO is expected to be finalized on Thursday, July 24, 2025. Swastika Castal IPO will be list on BSE SME with a tentative listing date fixed as Monday, July 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). The minimum lot size investment for HNI is 3 lots (6,000 shares) amounting to ₹3,90,000. Horizon Management Private Limited is the book-running lead manager of the Swastika Castal IPO, while Accurate Securities & Registry Private Limited is the registrar for the issue.The market maker for Swastika Castal IPO is Horizon Financial Consultants Pvt.
Total Shares
21,64,000
Issue Size
₹14.07 Cr
Price Band
₹65 – ₹65
Lot Size
2000 shares
Min. Investment
₹2,60,000
Max. Investment
₹2,60,000
Open Date
21 Jul, 2025
Close Date
23 Jul, 2025
Allotment
24 Jul, 2025
Listing
28 Jul, 2025
Max. Investment
₹2,60,000
Announced
21 Jul, 2025
Opening Date
21 Jul, 2025
Closing Date
23 Jul, 2025
Basis of Allotment
24 Jul, 2025
Initiation of Refunds
25 Jul, 2025
Credit of Shares
25 Jul, 2025
Listing Date
28 Jul, 2025
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About Swastika Castal IPO
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.
Swastika Castal IPO Share Price
Issue Breakdown
Total Issue21,64,000 shares₹14.07 Cr
Fresh Issue0 shares
Offer for Sale0 shares
Shareholding
Pre-Issue60,00,000
Post-Issue81,64,000
Dilution: 36.1% increase in shares
Swastika Castal IPO Promoters Holding
Pre-Issue100.00%
Post-Issue73.49%
Swastika Castal IPO Financial Health
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.
Swastika Castal IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares 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 |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4000 | ₹2,60,000 |
| Individual investors (Retail) (Max) | 2 | 4000 | ₹2,60,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,90,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,10,000 |
| B-HNI (Min) | 8 | 16000 | ₹10,40,000 |
(All values in CR)
Swastika Castal IPO Valuations
The market capitalization of Swastika Castal IPO is ₹53.07 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 28.17 |
| ROCE | 32.74 |
| Debt/Equity | 0.85 |
| RoNW | 24.70 |
| PAT Margin | 8.88 |
| EBITDA Margin | 15.36 |
| Price to Book Value | 3.66 |
(All values in CR)
Swastika Castal IPO Strength & Risk
+Strengths
Swastika Castal IPO Strength:
In-house, advanced manufacturing capabilities across sand, gravity & centrifugal casting, plus heat treatment facility offering quality control & cost efficiency.
Diversified end-market exposure—serves electrical, railway, diesel engines, air compressors, and exports to Europe & USA.
Strong growth in FY2025: Revenue ₹30.3 cr (vs ₹23.35 cr FY2024); PAT ₹2.63 cr (vs ₹0.65 cr), marking 30% and 305% YoY growth.
Healthy margins & returns: PAT margin 8.9%, EBITDA margin 15.4%, ROCE 32.7%, ROE 24.7%, debt/equity 0.85.
Fair valuation: At IPO price ₹65, P/E is 14.8× based on FY2025 EPS of ₹4.39.
Experienced promoters and management, supported by reputed board and skilled execution team.
!Risks
Swastika Castal IPO Risk:
SME listing on BSE–SME implies lower liquidity, higher volatility, and limited institutional participation.
Customer and supplier concentration: A few major customers account for a large revenue share; reliance on limited raw‑material suppliers.
Single manufacturing plant, so any operational disruption could impact outputs .
Exposure to raw-material price volatility (aluminium) and economic cycles affecting manufacturing.
Execution risk: IPO funds (₹5 cr for capex, ₹5.5 cr working capital) need efficient deployment.
Grey Market Premium (GMP) remains zero, indicating neutral sentiment—limits likelihood of initial pop.
Swastika Castal IPO GMP
Swastika Castal SME IPO last GMP is ₹0, last updated Jul 19th 2025 05:32 PM. With the price band of 65.00, Swastika Castal SME IPO's estimated listing price is ₹65 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
₹00.0%
Last updated 19 Jul, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 19 Jul, 2025 | 65 | ₹0 | - | ₹65 (0.00%) | - | 19 Jul, 2025 |
| 18 Jul, 2025 | 65 | ₹0 | - | ₹65 (0.00%) | - | 18 Jul, 2025 |
| 17 Jul, 2025 | 65 | ₹0 | - | ₹65 (0.00%) | - | 17 Jul, 2025 |
| 16 Jul, 2025 | 65 | ₹0 | - | - | - | 16 Jul, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Swastika Castal IPO
1
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Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
2
Go to IPO Section
Find Swastika Castal IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
3
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
4
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
5
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.