Thaai Casting Ltd IPO (Thaai Casting IPO)

Thaai Casting Limited IPO
Upcoming Thaai Casting IPO | New Thaai Casting IPO

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

Thaai Casting IPO – Details

IPO Opening Date15 February 2024
IPO Closing Date20 February 2024
Issue TypeBook Built Issue IPO
Issue Size61,29,600 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 Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtNSE SME
RegisterPurva Sharegistry India Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Thaai Casting IPO – Date Schedule

IPO Open Date15 February 2024
IPO Close Date20 February 2024
Basis of Allotment21 February 2024
Initiation of Refund22 February 2024
Credit of Shares to Demat Account22 February 2024
IPO Listing Date23 February 2024
Cut-off time for UPI mandate confirmation5 PM on Feb 20, 2024

Thaai Casting IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11600₹1,23,200
Retail (Maximum)11600₹1,23,200
HNI (Minimum)23200₹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.
Thaai Casting IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021204.87199.000.4013.13
31 March 2022384.19366.581.1523.51
31 March 2023491.16419.145.0329.85
31 October 2023288.89213.585.5744.10
Amount in ₹ Crore

Key Performance Indicator

EPS (Rs)2.966.38
P/E (x) 25.9912.07

Thaai Casting IPO Promoter Holding

Pre Issue Share Holding86.50%
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

Thaai Casting IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Thaai Casting IPO Lead Manager(s)

1. GYR Capital Advisors Private Limited

Thaai Casting IPO FAQs

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.
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