Thaai Casting Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,889,600 (47%) | — | ₹2,225 Cr |
| NII (HNI) | — | 868,800 (14%) | — | ₹669 Cr |
| Retail | — | 2,024,000 (33%) | — | ₹1,558 Cr |
| Market Maker | — | 347,200 (6%) | — | ₹27 Cr |
| Σ Total | — | 6,129,600 (100%) | — | ₹47,198 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹123,200 |
| Retail (Max) | 13 | 20,800 | ₹1,601,600 |
| S-HNI (Min) | 14 | 22,400 | ₹1,724,800 |
| B-HNI (Min) | 67 | 107,200 | ₹8,254,400 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 4,849 | 4,912 | 3,842 |
| Profit After Tax | 861 | 504 | 115 |
| Net Worth | 4,117 | 1,617 | 895 |
| Total Assets | 14,638 | 5,499 | 3,752 |
| Reserves & Surplus | 621 | — | — |
| Total Borrowing | 7,830 | 2,985 | 2,351 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet out the Capital Expenditure; –
- To meet out the General Corporate Purposes; and –
- To meet out the Issue Expenses. –
Company Overview
Incorporated in June 2010, 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
Thaai Casting is an IATF 16949: 2016 certified company.
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 No 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.
As of September 30, 2023, the company employs 132 people in various departments.