February 23, 2024
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Thaai Casting IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Thaai Casting IPO Post Listing Review :
On 23th February, the scrip is listed at Rs.186, compared to the Issue-price of Rs.77, at a a premium of 141.13%. The listing has been much above the expectations of the grey market players.
Thaai Casting IPO Subscription
On 20 February 2024 5.00 am (Day 4) (Closed)
Review: Good response on Day 3
QIB: 2891200 Shares 144.43 T
NII: 867360 Shares 729.72 T
RII: 2023840 Shares 355.66 T
Total: 5782400 Shares 376.43 T
What is the business of Thaai Casting?
Thaai Casting Ltd 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, the business model is firmly rooted in a B2B approach, catering to leading entities in the automotive components sector. Its 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.
Its Manufacturing unit is situated at No. A-20 SIPCOT Industrial Park, 7th Cross Street, Pillaipakkam, Tiruvallur, Tamil Nadu, India, 602105.
Get more information about the company @ https://www.thaaicasting.com/
| Thaai Casting IPO Details | |
| IPO opens on | 15 February 2024 |
| IPO closes on | 20 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6129600 Sh /Rs 47.20 Cr |
| * Fresh Issue | 6129600 Sh /Rs 47.20 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 324000 Sh. |
| Net offer to Public | 5782400 Sh./Rs.44.22 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 73-77 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Thaai Casting IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 2891200 | 22.11 |
| NII (15%) | 867360 | 6.63 |
| RII (35%) | 2023840 | 15.48 |
| Total Shares | 5782400 | 44.22 |
| Retail portion will be oversubscribed by | 1264 | |
| Forms | ||
| How much Shares to Apply in Thaai Casting IPO? | ||
| Min Retail Application | 1600 Sh | Rs.123200 |
| Min HNI Application | 3200 Sh | Rs.246400 |
Who are the Promoters of Thaai Casting IPO?
The promoters of Thaai Casting are Sriramulu Anandan, Anandan Shevaani and Chinraj Venkatesan
What are the Objects of Thaai Casting IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The objects of the Issue are: –
To meet out the Capital Expenditure;
To meet out the General Corporate Purposes; and
To meet out the Issue Expenses.
| Thaai Casting IPO Tentative timetable | |
| IPO opens on | 15 February 2024 |
| IPO Closes on | 20 February 2024 |
| IPO Allotment on | 21 February2024 |
| Refund Initiation | 22 February 2024 |
| Credit of Shares | 22 February 2024 |
| Listing on | 23 February 2024 |
| Registered Office of the Company Thaai Casting Ltd No. A-20 SIPCOT Industrial Park 7th Cross Street, Pillaipakkam, Tiruvallur,-602105 |
| Who is the Lead Manager of Thaai Casting IPO? GYR Capital Advisors Pvt Ltd |
| Who is the Registrar to IPO? Purva Sharegistry India Pvt Ltd |
| Thaai Casting IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 20.49 | 0.40 | 0.24 | 8.49 |
| 2021-22 | 38.42 | 1.15 | 0.68 | 16.87 |
| 2022-23 | 49.12 | 5.04 | 2.96 | 40.10 |
| Book Value of the Share on | 31.03.2023 | Rs 9.51 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 77 | |||
| Thaai Casting IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 26.01 |
| Price/BV Ratio | 8.10 |
| Upper price/BV after IPO | |
How Thaai Casting IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
| Thaai Casting | 10 | 29 26.10 | |
| Endurance Technologies | 10 | 6796 | 41.98 |
| Electro Steel Casting | 10 | 7013 | 16.70 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Thaai Casting IPO To the point Guidance
Thaai Casting Ltd 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.
Size: Being a SME IPO, the net size of the IPO (Rs 44.22 Cr) is not very large, as per the recent trend. With 1264 Applications, the retail portion will get one time subscribed. Considering, the hunger of the investors, there should not be any problem in getting full subscription.
Financial Snapshot: The company has shown sharp rise in the top line and bottom line of F23. This raises eyebrows. The market for High-Pressure Die Casting is expanding at phenomenon rate and yet the business of the company has tough competition of large corporations and other manufacturers. The shares are offered at somewhat high valuation of 26.10PE and yet looking to the IPO-hungry market,oversubscription may not be an issue. Since last few weeks, the IPO market is witnessing fatigue and it may affect listing price.
Quicklinks
Thaai Casting IPO GMP Detail IPO GMP today details?
Thaai Casting IPO
Thaai Casting IPO FAQs
What is Thaai Casting IPO?
Thaai Casting IPO is a SME IPO of 6480000 equity shares of the face value of Rs. 10 aggregating up to Rs.74.52 Crores. The issue is priced at Rs.109-115 per share. The minimum order quantity is 1200 Shares.
When Thaai Casting IPO will open?
Thaai Casting IPO opens on February 8, 2024, and closes on February 12, 2024.
What is the lot size of Thaai Casting IPO?
Thaai Casting IPO lot size is 1200 Shares, and the minimum amount required is Rs.138000
How to apply for Thaai Casting IPO?
You can apply in Thaai Casting 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Thaai Casting IPO allotment?
The finalization of Basis of Allotment for Thaai Casting IPO will be done on February 13, 2024, and the allotted shares will be credited to your demat account by February 14, 2024.
When is Thaai Casting IPO listing date?
Thaai Casting IPO listing date is not yet announced. The tentative date of Thaai Casting IPO listing is February 15, 2024.
