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Open
15 Feb 2024
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Close
20 Feb 2024
3
Allotment
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Listing
Fri, Feb 23, 2024
Price Band
₹73 to ₹77
Issue Size
61,29,600 shares (agg. up to ₹47 Cr)
Lot Size
1,600 Shares
Listing Date
Fri, Feb 23, 2024
Latest GMP
₹80
Est. Gain
103.9%
✦ AI Insight
GMP Trend
23-02-2024₹80Est. ₹157+103.9%
22-02-2024₹80Est. ₹157+103.9%
21-02-2024₹75Est. ₹152+97.4%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 260.08x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 146.38 | 54.99 | 37.52 | 23.79 |
| Total Income | 48.49 | 49.12 | 38.42 | 20.49 |
| Profit After Tax | 8.61 | 5.04 | 1.15 | 0.40 |
| NET Worth | 41.17 | 16.17 | 8.95 | 4.73 |
| Reserves and Surplus | 6.21 | |||
| Total Borrowing | 78.30 | 29.85 | 23.51 | 13.14 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| New Swan Multitech Ltd. | SME | ₹33.11 Cr | ₹66 | 9.32 | ₹131.67 | +99.50% | ₹43.50 (-2.25%) |
| ASK Automotive Ltd. | Mainboard | ₹833.91 Cr | ₹282 | 45.63 | ₹310.10 | +9.96% | ₹482.10 (-0.72%) |
| Divgi TorqTransfer Systems Ltd. | Mainboard | ₹412.12 Cr | ₹590 | 35.16 | ₹605.20 | +2.58% | ₹913.50 (-2.78%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 37.30 |
| 2 | General Corporate Purposes | 7.40 |
About Thaai Casting IPO
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.+ Read More
Contact Details
Thaai Casting Ltd. AddressNo.A-20 SIPCOT Industrial Park7th Cross StreetPillaipakkamThiruvallur, Tamil Nadu, 602105+91 79046 50127cs@thaaicasting.comVisit Website