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Thaai Casting Ltd

Thaai Casting Ltd IPO opened on 15 Feb 2024 and closed on 20 Feb 2024, with a price band of ₹77–₹77 per share. The IPO had a lot size of 1600 shares, requiring a minimum investment of ₹1,23,200 per lot at the upper price band. The issue size was ₹47.2 crore, and the shares get listed on 23 Feb 2024.

Thaai Casting Ltd IPO Details

Listing Date

23 Feb 2024

Bid Price

₹77 - ₹77

Lot Size

1600 Shares

Minimum Investment

₹1,23,200 / 2 Lots

Issue Size

₹47.2 Cr

Key Dates to Track

    Here are the important dates you need to know in order to participate in this IPO

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Offer Start Date

15th Feb

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Offer End Date

20th Feb

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Allotment Date

21st Feb

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Refund Initiation

21st Feb

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Demat Transfer

22nd Feb

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Listing Date

23rd Feb

Thaai Casting Ltd Shareholding Pattern

  Pre-Issue Post-Issue
Promoter Group 83.17% 0%
Public Group 16.83% 0%

Thaai Casting Ltd IPO Reservation

QIB Shares Offered 11,56,800 (18.87%)
NII (HNI) Shares Offered 8,67,200 (14.15%)
Retail Shares Offered 20,24,000 (33.02%)
Anchor Investor Shares Offered 17,34,400 (28.3%)
Total Shares Offered 61,29,600
Total Shares With Anchor Investor 61,29,600

Thaai Casting Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1,600 ₹1,23,200
Retail (Max) 1 1,600 ₹1,23,200
S HNI (Min) 2 3,200 ₹2,46,400
S HNI (Max) 8 12,800 ₹9,85,600
B HNI (MIN) 9 14,400 ₹11,08,800

Thaai Casting Ltd IPO registrar

Purva Sharegistry (India) Pvt
Phone Number +91-022-4961-4132,022-31998810
Email Id support@purvashare.com
Website www.purvashare.com

Thaai Casting Ltd IPO Lead Manager

1. GYR Capital Advisors Pvt Ltd

Thaai Casting Ltd Financial Information

March 31, 2024 March 31, March 31,
Net Worth ₹72.24 Cr ₹ Cr ₹ Cr
Reserves and Surplus ₹49.11 Cr ₹ Cr ₹ Cr
Total Borrowing ₹45.54 Cr ₹ Cr ₹ Cr

Strength of Thaai Casting Ltd

Risks Involved

  • Its the company is heavily dependent on the performance of the automotive sector in India, particularly the market for four-wheelers in India. Any adverse changes in the conditions affecting these markets can adversely impact its business, results of operations and financial condition.
  • The company is dependent on the performance of the non-automotive, wind power, construction & instrumentation sector in India, any adverse changes in the conditions affecting these markets can adversely impact its business, results of operations and financial condition.
  • An increase in the cost of or a shortfall in the availability of raw materials could have an adverse effect on its business, results of operations and financial condition.
  • The company is heavily dependent on certain suppliers for procurements of raw materials. Any disruption of supply from such entities may affect its business operation.
  • Its revenues are highly dependent on its operations in geographical region of state of Tamil Nadu. Any adverse development affecting its operations in this region could have an adverse impact on its business, financial condition and results of operations.
  • The company completed its conversion from a Partnership firm to a public limited company on June 12, 2023. However, the accounts of the partnership firm were subsequently closed on July 31, 2023.
  • The company depends on third parties for the supply of raw materials and delivery of products and such providers could fail to meet their obligations, which may have a material adverse effect on its business, results of operations and financial condition.
  • The company is highly dependent on its management team and certain management personnel, Any loss of such team members or the inability to attract or retain research and development personnel may materially adversely affect its business performance and research and development efforts.
  • Its failure to identify and understand evolving industry trends and preferences and to develop new products to meet its customers' demands may materially adversely affect its business.
  • Any slowdown or work stoppages at its project sites may have effect on its business, financial condition and results of operations.
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Frequently Asked Questions

What is Thaai Casting Ltd IPO?

Answer Field

Thaai Casting Ltd IPO is a SME IPO of 61,29,600 equity shares of a face value of ₹10 aggregating up to ₹47.2 Crores. The issue is priced at ₹77 to ₹77 per share. The minimum order quantity is 1600 Shares. The IPO opens on February 15, 2024, and closes on February 20, 2024. Purva Sharegistry (India) Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Thaai Casting Ltd IPO will open?

Answer Field

The Thaai Casting Ltd IPO opens on February 15, 2024 and closes on February 20, 2024.

What is the lot size of Thaai Casting Ltd?

Answer Field

Thaai Casting Ltd lot size is 1600 shares, and the minimum amount required is ₹1,23,200.

How to apply for Thaai Casting Ltd IPO?

Answer Field

You can apply in Thaai Casting Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Thaai Casting Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Thaai Casting Ltd IPO will be done on February 21, 2024, and the allotted shares will be credited to your demat account by February 22, 2024.

When is Thaai Casting Ltd IPO listing date?

Answer Field

The Thaai Casting Ltd listing date is February 23, 2024.

Who is the registrar of Thaai Casting Ltd IPO?

Answer Field

The registrar of Thaai Casting Ltd IPO is Purva Sharegistry (India) Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

GYR Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Thaai Casting Ltd IPO?

Answer Field

The fresh issue size is ₹47.2 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Thaai Casting Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,23,200 amount.

How can I approve the UPI mandate request for Thaai Casting Ltd IPO?

Answer Field

To apply for Thaai Casting Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Thaai Casting Ltd?

Answer Field

The price of each Thaai Casting Ltd share will be ranging in between ₹77 to ₹77 per share.

What is the cut-off time for the UPI mandate for Thaai Casting Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 20, 2024.

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