Thaai Casting Ltd
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 15 to Feb 20, 2024
Price Band
₹73-77
Current GMP
₹185.9 (141.42%)
Subscription
375.43 times
IPO Details
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹77 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,129,600 shares (aggregating up to ₹47.20 Cr) |
| Fresh Issue | 6,129,600 shares (aggregating up to ₹47.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,000,000 |
| Share holding post issue | 23,129,600 |
| Market Maker portion | 347,200 shares Giriraj Stock BrokingCommodity Mandi |
IPO Date
February 15, 2024 to February 20, 2024
Listing Date
Friday, February 23, 2024
Face Value
₹10 per share
Price Band
₹73 to ₹77 per share
Lot Size
1600 Shares
Total Issue Size
6,129,600 shares (aggregating up to ₹47.20 Cr)
Fresh Issue
6,129,600 shares (aggregating up to ₹47.20 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
17,000,000
Share holding post issue
23,129,600
Market Maker portion
347,200 shares Giriraj Stock BrokingCommodity Mandi
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 144.43 |
| Non-Institutional Buyers* | 729.72 |
| Retail Investors | 355.66 |
| Total ** | 375.43 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
144.43
Non-Institutional Buyers*
729.72
Retail Investors
355.66
Total **
375.43
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Feb 15, 2024 | 1.04 | 2.10 | 5.06 | 3.28 |
| Day 2 Feb 16, 2024 | 3.51 | 7.34 | 21.81 | 13.48 |
| Day 3 Feb 19, 2024 | 3.63 | 69.31 | 115.95 | 73.86 |
| Day 4 Feb 20, 2024 | 144.43 | 729.72 | 355.66 | 375.43 |
DayDay 1
Feb 15, 2024
QIB1.04
NII*2.10
Retail5.06
Total3.28
DayDay 2
Feb 16, 2024
QIB3.51
NII*7.34
Retail21.81
Total13.48
DayDay 3
Feb 19, 2024
QIB3.63
NII*69.31
Retail115.95
Total73.86
DayDay 4
Feb 20, 2024
QIB144.43
NII*729.72
Retail355.66
Total375.43
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 23-02-2024 | 77.00 | 80 (103.9%) | 157 |
| 22-02-2024 | 77.00 | 80 (103.9%) | 157 |
| 21-02-2024 | 77.00 | 75 (97.4%) | 152 |
| 20-02-2024 | 77.00 | 70 (90.91%) | 147 |
| 19-02-2024 | 77.00 | 68 (88.31%) | 145 |
| 18-02-2024 | 77.00 | 74 (96.1%) | 151 |
| 17-02-2024 | 77.00 | 72 (93.51%) | 149 |
| 16-02-2024 | 77.00 | 85 (110.39%) | 162 |
| 15-02-2024 | 77.00 | 65 (84.42%) | 142 |
| 14-02-2024 | 77.00 | 24 (31.17%) | 101 |
| 13-02-2024 | 77.00 | 24 (31.17%) | 101 |
| 12-02-2024 | 77.00 | 20 (25.97%) | 97 |
Date23-02-2024
Price77.00
GMP80 (103.9%)
Estimate List Price157
Date22-02-2024
Price77.00
GMP80 (103.9%)
Estimate List Price157
Date21-02-2024
Price77.00
GMP75 (97.4%)
Estimate List Price152
Date20-02-2024
Price77.00
GMP70 (90.91%)
Estimate List Price147
Date19-02-2024
Price77.00
GMP68 (88.31%)
Estimate List Price145
Date18-02-2024
Price77.00
GMP74 (96.1%)
Estimate List Price151
Date17-02-2024
Price77.00
GMP72 (93.51%)
Estimate List Price149
Date16-02-2024
Price77.00
GMP85 (110.39%)
Estimate List Price162
Date15-02-2024
Price77.00
GMP65 (84.42%)
Estimate List Price142
Date14-02-2024
Price77.00
GMP24 (31.17%)
Estimate List Price101
Date13-02-2024
Price77.00
GMP24 (31.17%)
Estimate List Price101
Date12-02-2024
Price77.00
GMP20 (25.97%)
Estimate List Price97
IPO Important Dates
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Wednesday, February 21, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
IPO Open Date
Thursday, February 15, 2024
IPO Close Date
Tuesday, February 20, 2024
Basis of Allotment
Wednesday, February 21, 2024
Initiation of Refunds
Wednesday, February 21, 2024
Credit of Shares to Demat
Thursday, February 22, 2024
Listing Date
Friday, February 23, 2024
Cut-off time for UPI mandate confirmation
5 PM on February 20, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹123,200 |
| Retail (Max) | 1 | 1600 | ₹123,200 |
| HNI (Min) | 2 | 3,200 | ₹246,400 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹123,200
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹123,200
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹246,400
Financial Information
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 14,638.25 | 5,498.52 | 3,752.29 |
| Revenue | 4,848.91 | 4,911.64 | 3,841.94 |
| Profit After Tax | 860.93 | 503.71 | 115.40 |
| Net Worth | 4,116.94 | 1,617.31 | 894.84 |
| Reserves and Surplus | 620.78 | ||
| Total Borrowing | 7,830.03 | 2,985.10 | 2,351.15 |
Period EndedPeriod Ended
31 Oct 202331 Oct 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Oct 202314,638.25
31 Mar 20235,498.52
31 Mar 20223,752.29
Period EndedRevenue
31 Oct 20234,848.91
31 Mar 20234,911.64
31 Mar 20223,841.94
Period EndedProfit After Tax
31 Oct 2023860.93
31 Mar 2023503.71
31 Mar 2022115.40
Period EndedNet Worth
31 Oct 20234,116.94
31 Mar 20231,617.31
31 Mar 2022894.84
Period EndedReserves and Surplus
31 Oct 2023620.78
31 Mar 2023
31 Mar 2022
Period EndedTotal Borrowing
31 Oct 20237,830.03
31 Mar 20232,985.10
31 Mar 20222,351.15
Key Performance Indicator
| ROCE | 13% |
| Debt/Equity | 1.85 |
| RoNW | 40.10% |
| P/BV | 8.1 |
| EPS (Rs) | 2.96 |
ROCE
13%
Debt/Equity
1.85
RoNW
40.10%
P/BV
8.1
EPS (Rs)
2.96
IPO Reservation
| Anchor Investor Shares Offered | 1,734,400 (28.30%) |
| Market Maker Shares Offered | 347,200 (5.66%) |
| QIB Shares Offered | 1,156,800 (18.87%) |
| NII (HNI) Shares Offered | 867,200 (14.15%) |
| Retail Shares Offered | 2,024,000 (33.02%) |
| Total Shares Offered | 6,129,600 (100%) |
Anchor Investor Shares Offered
1,734,400 (28.30%)
Market Maker Shares Offered
347,200 (5.66%)
QIB Shares Offered
1,156,800 (18.87%)
NII (HNI) Shares Offered
867,200 (14.15%)
Retail Shares Offered
2,024,000 (33.02%)
Total Shares Offered
6,129,600 (100%)
Information about company
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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