Thaai Casting IPO Date, Review, Price, Allotment Details

Thaai Casting IPO Details: Thaai Casting IPO date is fixed, The IPO will open on February 15 and will close on February 20. Thaai Casting is a NSE SME IPO to raise ₹47.20 crores via IPO. The Thaai Casting IPO price band is fixed at ₹73 to ₹77 with a market lot of 1600 shares.

Thaai Casting IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum11600₹123,200
Retail Maximum11600₹123,200
S-HNI Minimum23200₹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
YearRevenueExpensePAT
2021₹20.49₹19.90₹0.40
2022₹38.42₹36.661.15
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: [email protected]
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: [email protected]
Website: https://www.thaaicasting.com/

Thaai Casting IPO FAQs


What is Thaai Casting IPO?

Thaai Casting IPO is an NSE SME IPO. They are going to raise ₹47.20 Crores via IPO. The issue is priced at ₹73 to ₹77 per equity share. The IPO is to be listed on NSE.

When Thaai Casting IPO will open?

The IPO is to open on February 15, 2024 for QIB, NII, and Retail Investors.

What is Thaai Casting IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the 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 Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Thaai Casting”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Thaai Casting IPO through Upstox?

Log in to Upstox 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 Upstox.

How to Apply the Thaai Casting IPO through Paytm Money?

Log in to Paytm Money 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 Paytm Money.

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 to ₹77 per equity share.

What is Thaai Casting IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹123,200.

What is Thaai Casting IPO Allotment Date?

Thaai Casting IPO allotment date is February 21, 2024.

What is Thaai Casting IPO Listing Date?

Thaai Casting IPO listing date is February 23, 2024. The IPO to list on NSE SME.

Note: The Thaai Casting IPO details are announced officially. The IPO grey market premium (Thaai Casting IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.
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