Thaai Casting Limited
Book Built Issue IPO · NSE
- Price band
- ₹73 - ₹77
- Lot size
- 1,600 shares
- Issue amount
- ₹47.2 cr
- Total subscription
- 375.52×
- Opens
- 15 Feb 2024
- Closes
- 20 Feb 2024
- Allotment
- 21 Feb 2024
- Listing
- 23 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 61,29,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,16,800
- Fresh issue
- ₹47.2 cr
- Offer for sale
- ₹0 cr
- Registrar
- Purva Sharegistry India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,23,200
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,70,00,000
- Shares after issue
- 2,31,29,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,23,200 |
| HNI | 2 | 3,200 | ₹2,46,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.91 | 1,286.52 |
| RETAIL | 15.58 | 5,542.82 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 20 |
|---|---|---|---|
| EPS | 2.96 | 0.68 | 0.24 |
| ROE | 0 | 0 | 0 |
| ROCE | 13 | 0 | 0 |
| RONW | 40.1 | 16.87 | 8.49 |
| PRE IPO(PE) | 25.99 | 0 | 0 |
| POST IPO(PE) | 8.1 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Thai Casting Limited, founded in June 2010, is a leading automotive ancillary company specializing in High-Pressure Die Casting, precision Machining of Ferrous and Non-Ferrous materials, and Induction Heating & Quenching. As an IATF 16949:2016 certified company, it upholds strict quality standards to produce high-performance automotive components, including engine mounting brackets, transmission mounts, steering wheel armatures, and electrical connectors. Located in Tiruvallur, Tamil Nadu, India, its advanced manufacturing unit and dedicated die-making facility enable efficient new product development. With a focus on innovation and customer satisfaction, Thai Casting employs 132 skilled professionals as of September 30, 2023.
Strengths
- Skilled Workforce: A highly experienced team ensures precision and quality in aluminum die-casting , continuously innovating to meet market needs.
- Strong Leadership: Expert leadership drives innovation and continuous improvement in die-casting and IHQ processes , ensuring customer satisfaction.
- Flexible Production: The company can scale production efficiently , handling projects of various sizes while maintaining consistent quality.
- Quality Assurance: Advanced inspection systems guarantee precision, durability, and compliance with industry standards in every product.
- Reliable Delivery: With optimized workflows and a skilled team, the company ensures timely and efficient project completion , meeting client expectations.
Risk factors
- Automotive Market Dependency: The company’s performance is closely linked to India's four-wheeler automotive sector, making it vulnerable to industry slowdowns.
- Non-Automotive Market Risks: Dependence on sectors like wind power, construction, and instrumentation means market fluctuations in these industries could impact business operations.
- Raw Material Challenges: Rising costs or shortages of raw materials could disrupt production and affect profitability.
- Supplier Reliance: Dependence on specific suppliers poses a risk—any supply chain disruptions could impact smooth operations.
- Regional Dependence: Since a large portion of revenue comes from Tamil Nadu , economic or regional challenges in the state could affect the company’s financial stability.
Promoters
Sriramulu Anandan
Anandan Shevaani
Chinraj Venkatesan
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Purva Sharegistry India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No. A-20 SIPCOT Industrial Park 7th Cross Street, Pillaipakkam, Tiruvallur,-602105
+91 79046 50127
[email protected]Company website ↗Understanding TCL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.