Thaai Casting is a distinguished automotive ancillary company with IATF 16949:2016 certification, specializing in High-Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. Founded by Mr. Sriramulu Anandan, a seasoned professional with extensive expertise in Pressure Die Casting and Machining Processes, their business model is firmly rooted in a B2B approach, catering to leading entities in the automotive components sector. Their product portfolio encompasses a diverse range of Automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature – Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.
In recognition of their commitment to environmental sustainability, they proudly received the MSIL-GREEN Certification from Maruti Suzuki India Limited in 2021. This acknowledgment underscores their dedication to adopting and promoting eco-friendly practices within their operations. In 2022, their company was honored with prestigious awards from industry leaders such as Hanon and RSB, recognizing their excellence in terms of Best Quality and being a standout Vendor. As they continue to evolve and uphold the highest standards in their manufacturing processes, they remain steadfast in delivering top-notch products and services to their valued clientele in the automotive sector.
Objects of the Issue:
- To meet out the Capital Expenditure
- To meet out the General Corporate Purposes
- To meet out the Issue Expenses
Thaai Casting IPO Review
- May Apply
Thaai Casting IPO Date & Price Band Details
| IPO Open: | February 15, 2024 |
| IPO Close: | February 20, 2024 |
| IPO Size: | Approx ₹47.20 Crores, 6,129,600 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹73 to ₹77 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Thaai Casting IPO Market Lot
The Thaai Casting IPO minimum market lot is 1600 shares with a ₹123,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹123,200 |
| Retail Maximum | 1 | 1600 | ₹123,200 |
| S-HNI Minimum | 2 | 3200 | ₹246,400 |
Thaai Casting IPO Dates
The Thaai Casting IPO date is February 15 and the IPO close date is February 20. The IPO allotment date is February 21 and the IPO might list on February 23.
| IPO Open Date: | February 15, 2024 |
| IPO Close Date: | February 20, 2024 |
| Basis of Allotment: | February 21, 2024 |
| Refunds: | February 22, 2024 |
| Credit to Demat Account: | February 22, 2024 |
| IPO Listing Date: | February 23, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Thaai Casting IPO Form
How to apply Thaai Casting IPO? You can apply Thaai Casting IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Thaai Casting IPO in the Invest section. The other option you can apply Thaai Casting IPO via IPO forms download via the NSE website. Check out the Thaai Casting forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Thaai Casting Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹20.49 | ₹19.90 | ₹0.40 |
| 2022 | ₹38.42 | ₹36.66 | ₹1.15 |
| 2023 | ₹49.12 | ₹41.91 | ₹5.04 |
| Sep 2023 | ₹28.89 | ₹21.36 | ₹5.57 |
Thaai Casting IPO Valuation – FY2023
Check Thaai Casting IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.96 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 40.10% |
| Net Asset Value (NAV): | ₹9.51 per Equity Share |
Peer Group
- Endurance Technologies Limited
- Electro Steel casting Limited
Company Promoters
- Sriramulu Anandan
- Anandan Shevaani
- Chinraj Venkatesan
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 Allotment Status
Check Thaai Casting IPO allotment status on Purva Sharegistry website URL. Click Here
Thaai Casting IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
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/
