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
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 Pillaipakkam, 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.
Thaai Casting is an IATF 16949: 2016 certified company.
As of September 30, 2023, the company employs 132 people in various departments.
Thaai Casting IPO – Details
| IPO Opening Date | 15 February 2024 |
| IPO Closing Date | 20 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 61,29,600 Shares Worth ₹47.20 Crore Fresh Issue: 61,29,600 Shares Worth ₹47.20 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹73 – ₹77 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Purva Sharegistry India Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Thaai Casting IPO – Date Schedule
| IPO Open Date | 15 February 2024 |
| IPO Close Date | 20 February 2024 |
| Basis of Allotment | 21 February 2024 |
| Initiation of Refund | 22 February 2024 |
| Credit of Shares to Demat Account | 22 February 2024 |
| IPO Listing Date | 23 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 20, 2024 |
Thaai Casting IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,23,200 |
| Retail (Maximum) | 1 | 1600 | ₹1,23,200 |
| HNI (Minimum) | 2 | 3200 | ₹2,46,400 |
Competitive Strengths
- Continuous Improvement.
- Workforce Expertise.
- Leadership Excellence.
- Production Scalability.
- Advanced Inspection Systems.
- Delivery Commitment.
- Specialized Talent Retention.
Company Promoters
- Sriramulu Anandan
- Anandan Shevaani
- Chinraj Venkatesan
Object Of The Issue
- To meet out the Capital Expenditure;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 204.87 | 199.00 | 0.40 | 13.13 |
| 31 March 2022 | 384.19 | 366.58 | 1.15 | 23.51 |
| 31 March 2023 | 491.16 | 419.14 | 5.03 | 29.85 |
| 31 October 2023 | 288.89 | 213.58 | 5.57 | 44.10 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 13% |
| Debt/Equity | 1.85 |
| RoNW | 40.10% |
| P/BV | 8.1 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.96 | 6.38 |
| P/E (x) | 25.99 | 12.07 |
Thaai Casting IPO Promoter Holding
| Pre Issue Share Holding | 86.50% |
| Post Issue Share Holding | – |
Thaai Casting IPO Prospectus
Company Contact Information
| Thaai Casting Ltd No. A-20 SIPCOT Industrial Park 7th Cross Street, Pillaipakkam, Tiruvallur,-602105 Phone: +91 79046 50127 Email: cs@thaaicasting.com Website: https://www.thaaicasting.com/ |
Thaai Casting IPO Registrar
| Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: support@purvashare.com Website: https://www.purvashare.com/queries/ |
Thaai Casting IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
Thaai Casting IPO FAQs
| What is Thaai Casting IPO? Thaai Casting IPO is a SME IPO. The issue is priced at ₹73 – ₹77 per equity share. The IPO is to be listed on NSE SME. |
| When Thaai Casting IPO will open? The IPO is to open on 15 February 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Thaai Casting IPO? You can apply Thaai Casting IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Thaai Casting IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Thaai Casting”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Thaai Casting IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Thaai Casting”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Thaai Casting IPO Size? Thaai Casting IPO size is ₹47.20 crores. |
| What is Thaai Casting IPO Price Band? Thaai Casting IPO Price Band is ₹73 – ₹77. |
| What is Thaai Casting IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,23,200 amount while the maximum bid is 1600 shares with ₹1,23,200. |
| What is the Thaai Casting IPO Allotment Date? Thaai Casting IPO allotment date is 21 February 2024. |
| What is the Thaai Casting IPO Listing Date? Thaai Casting IPO listing date is 23 February 2024. The IPO is to list on NSE SME. |
