Thaai Casting Ltd IPO
- IPO Date15 Feb, 2024 to 20 Feb, 2024
- Listing Date23 Feb, 2024
- Face Value₹10 per share
- Issue Price₹73 to ₹77 per share
- Lot Size1600 Shares
- Minimum Investment₹1,23,200
- Listing AtNSE SME
- Total Issue Size61,29,600 Shares
(aggregating up to ₹47.20 Cr) - Fresh Issue61,29,600 Shares
(aggregating up to ₹47.20 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,70,00,000
- Shareholding post issue2,31,29,600
IPO Dates
Closing Date
20 Feb, 2024
Initiation of Refunds
22 Feb, 2024
Listing Date
23 Feb, 2024
15 Feb, 2024
Opening Date
21 Feb, 2024
Basis of Allotment
22 Feb, 2024
Credit of Shares
Thaai Casting Ltd Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,23,200 |
| HNI (Min) | 2 | 3200 | ₹2,46,400 |
| Retail (Max) | 1 | 1600 | ₹1,23,200 |
Thaai Casting Ltd Promoter Holding
The promoters of the company are Sriramulu Anandan, Anandan Shevaani and Chinraj Venkatesan
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 86.5% | - |
Thaai Casting Ltd COMPANY INFORMATION
Thaai Casting IPO is a book built issue of Rs 47.20 crores. The issue is entirely a fresh issue of 61.3 lakh shares. Thaai Casting IPO bidding started from February 15, 2024 and ended on February 20, 2024. The allotment for Thaai Casting IPO was finalized on Wednesday, February 21, 2024. The shares got listed on NSE SME on February 23, 2024. Thaai Casting IPO price band is set at ₹73 to ₹77 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹123,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹246,400. GYR Capital Advisors Private Limited is the book running lead manager of the Thaai Casting IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Thaai Casting IPO are Giriraj Stock Broking and Commodity Mandi. Refer to Thaai Casting IPO RHP for detailed information.
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:-
- High Pressure Die Casting
- Machining of Ferrous and Non-Ferrous
- Induction Heating and Quenching
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.
FAQs About Thaai Casting Ltd Ipo
Thaai Casting Ltd IPO will open on 15 Feb, 2024 and close on 20 Feb, 2024. Investors must apply within this period to participate.
The Thaai Casting Ltd IPO price band is set between ₹73.00 and ₹77.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹123200.00.
The Thaai Casting Ltd IPO shares are expected to be listed on 23 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Thaai Casting Ltd IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Thaai Casting Ltd IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.