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SME IPO Status: Listed [15th Feb 2024 to 20th Feb 2024]
Thaai Casting IPO, a SME IPO of ₹47.20 Cr was launced on 15-02-2024 to 20-02-2024 and the shares got listed on NSE SME on 23-02-2024.
The public issue of Thaai Casting IPO (TCL) was offered at ₹77.00 per share and the ipo was listed at ₹185.90. It has delivered listing gain of 141.43%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 174240 per lot return on listing.
| SME IPO Issue Opening Date: | 15th Feb 2024 |
| SME IPO Issue Closing Date: | 20th Feb 2024 |
| SME IPO Issue Price: | ₹73.00-77.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹47.20 Cr |
| Fresh Issue: | ₹47.20 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 86.50% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | TCL |
Get important updates regarding Thaai Casting SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 21st Feb 2024 |
| Refunds Initiation* | 21st Feb 2024 |
| Credit of Shares to Demat* | 22nd Feb 2024 |
| SME IPO Listing Date* | 23rd Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹73.00-77.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹123200 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 23-02-2024 | 77.00 | 80 | 97300 | ₹157 (103.9%) | 23-Feb-2024 9:32 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Thaai Casting Limited was established in 2010, and it specializes in die casting, precision machining of ferrous and non-ferrous materials, and induction heating and quenching. The company was founded by Sriramulu Anandan, an experienced professional with extensive knowledge in die casting and machining processes. The company follows a business-to-business (B2B) approach and serves leading companies in the automotive components sector. Their product portfolio includes various automotive components such as engine mounts, transmission mounts, shift forks and housings, steering wheel fittings, electrical connectors, YFG base frame (right/left-hand drive), housings, top covers, and more.
Their business verticals encompass
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Auto Components & Equipments | ₹47.20 Cr | https://www.thaaicasting.com/ |
The objects of the Issue are: -
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,156,800 (28.58%) | 867,200 (21.42%) | 2,024,000 (50%) | 4,048,000 | |
| 1 | 15th Feb 2024 19:32 | 1.04x | 2.10x | 5.06x | 3.28x |
| 2 | 16th Feb 2024 19:32 | 3.51x | 7.34x | 21.81x | 13.48x |
| 3 | 19th Feb 2024 18:22 | 3.63x | 69.31x | 115.95x | 73.86x |
| 4 | 20th Feb 2024 18:22 | 144.43x | 729.72x | 355.66x | 375.43x |
Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14,638.25 | 5,498.52 | 3,752.29 | 2,379.19 |
| Revenue | 4,848.91 | 4,911.64 | 3,841.94 | 2,048.70 |
| Profit After Tax | 860.93 | 503.71 | 115.40 | 40.33 |
| Net Worth | 4,116.94 | 1,617.31 | 894.84 | 473.46 |
| Reserves and Surplus | 620.78 | |||
| Total Borrowing | 7,830.03 | 2,985.10 | 2,351.15 | 1,313.51 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Thaai Casting Ltd | 2.96 | 2.96 | 9.51 | 25.99 | 40.1 | Standalone |
| Endurance Technologies Ltd | 29.07 | 29.07 | 236.81 | 41.98 | 12.28 | |
| Electro Steel Casting Limited | 5.63 | 5.63 | 718.17 | 16.7 | 7.84 |
Last Updated on 27-Feb-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Thaai Casting SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Thaai Casting SME IPO with Zerodha.
Alternate approch to apply in Thaai Casting SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Thaai Casting SME IPO Review and Important Updates
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To subscribe or apply in Thaai Casting SME IPO, you can use the following methods:
| Thaai Casting SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Thaai Casting SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Thaai Casting SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Thaai Casting SME IPO. Most of the Syndicate Banks provide access to apply in Thaai Casting IPO via ASBA process. You must have your net banking access, DP ID information to apply in Thaai Casting SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Thaai Casting SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Thaai Casting SME IPO Review and Important Updates
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Thaai Casting SME IPO is going to be list on 23-02-2024. NSE Code for Thaai Casting is TCL.
Other relevant questions:
When Thaai Casting SME IPO will be listing? Thaai Casting SME IPO NSE listing date?Thaai Casting SME IPO date of listing
Thaai Casting SME IPO Allotment Date is 21-02-2024.
Other relevant questions:
Thaai Casting SME IPO share allotment date?Thaai Casting SME IPO allotment date?
