Thaai Casting Limited

15 Feb 2024 - 20 Feb 2024 Individual Category SME IPO NSE

Min Investment

₹246400

Price Band

₹73-₹77

Issue Size

43.95 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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15 Feb 2024

Open Date

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20 Feb 2024

Close Date

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21 Feb 2024

Allotment Date

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23 Feb 2024

Listing Date

Thaai Casting Limited IPO 2024 is open for subscription from Thursday, February 15, 2024 and will close on Monday, February 19, 2024. The price band is decided at Rs 73 to 77 per share. The minimum lot size of this application for the retail category is 1600 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,23,200 (77 x 1600 shares). However for HNI category the minimum investment amount is required Rs 2,46,400 (77 x 3200 shares). Thaai Casting Limited IPO 2024 is a book-built  issue of Rs 47.20 crores. The issue is entirely a fresh issue of 61.3 lakh equity shares. The allotment for this IPO is expected to be finalized on Tuesday, February 20, 2024. Thaai Casting Limited IPO will list on NSE SME and listing date fixed on Thursday, February 22, 2024. The book running lead manager of Thaai Casting Limited IPO is GYR Capital Advisors Private Limited. The registrar for this IPO is Purva Sharegistry India Private Limited. The market maker for the Thaai Casting Limited IPO is Giriraj Stock Broking and Commodity Mandi.

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About Thaai Casting Limited

Thaai Casting incorporated in 2010, it is an automotive ancillary company specialize in High-Pressure Die casting, as well as the precision of the Machining of both ferrous and non-ferrous materials. The business model is firmly rooted in a B2B approach, catering to leading entities in the automotive component sector. Company’s portfolio has a diverse range of automobile components like Engine mounting support brackets, Transmission Mounts, Fork shifts and Housing Armature – Steering Wheel, Electrical Connectors, YFG Base Frame, Housing, Top Cover, and more. The company has a die making facility for new product development according to the required specifications. As of September 2023, the company employs 132 people in various departments.

Founded

2010

Managing Director

Anandan Sriramulu

Parent Organization

IPO Objectives

The important objective of this IPO is to raise capital from the public by diluting the equity. The net proceeds from this issue will be used to meet the capital expenditure of the company. Other than this, the funds will be used to meet the general corporate purposes and issue expenses.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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