Thaai Casting IPO Details GMP Price, Launch Date, share price, Issue Size, Review

Thaai Casting IPO Details GMP Price, Launch Date, share price, Issue Size, Review

Company Overview

We are a distinguished automotive ancillary company with IATF 16949:2016 certification, specializing in High-Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. Founded by Mr.Sriramulu Anandan, a seasoned professional with extensive expertise in Pressure Die Casting and Machining Processes, our business model is firmly rooted in a B2B approach, catering to leading entities in the automotive components sector. Our product portfolio encompasses a diverse range of Automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature – Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.

In recognition of our commitment to environmental sustainability, we proudly received the MSIL-GREEN Certification from Maruti Suzuki India Limited in 2021. This acknowledgment underscores our dedication to adopting and promoting eco-friendly practices within our operations. In 2022, our company was honored with prestigious awards from industry leaders such as Hanon and RSB, recognizing our excellence in terms of Best Quality and being a standout Vendor. As we continue to evolve and uphold the highest standards in our manufacturing processes, we remain steadfast in delivering top-notch products and services to our valued clientele in the automotive sector.

Our Company was originally formed as a Partnership Firm under the Partnership Act, 1932 having Firm Registration Number FR/Chennai South/1102/2010 in the name and style of “Thaai Casting” under a Deed of Partnership dated June 02, 2010. Subsequently, our firm was converted from a Partnership firm into a public limited company as per the provision of Part I Chapter XXI of the Companies Act, 2013 with the name and style of “Thaai Casting Limited” and received a Certificate of Incorporation from the Registrar of Companies, Tamil-Nadu and Andaman situated at Chennai dated June 12, 2023.

VERTICALS OF OUR BUSINESS: –

  • HIGH PRESSURE DIE CASTING(“HPDC”)
  • MACHINING OF FERROUS AND NON-FERROUS
  • INDUCTION HEATING AND QUENCHING

THAAI CASTING IPO DATE & PRICE BAND DETAILS

IPO Open Date February 15, 2024
IPO Close DateFebruary 20, 2024
IPO SizeApprox ₹47.20 Crores
IPO Face Value ₹10 Per Equity Share
IPO Price Band₹73to ₹77 Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota35%
IPO QIB Quota50%
IPO NII Quota15%

THAAI CASTING IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum11600₹123,200
Retail Maximum11600₹123,200
S-HNI Minimum23200₹246,400

OBJECTS OF THE ISSUE

  1.  To meet the Capital Expenditure.
  2.  To meet out the General Corporate Purposes.
  3.  To meet out the Issue Expenses.

THAAI CASTING IPO ALLOTMENT & LISTING DATE (DETAILS)

IPO Open DateFeb 15, 2024
IPO Close DateFeb 20, 2024
Basis of AllotmentFeb 21, 2024
RefundsFeb 22, 2024
Credit to Demat AccountFeb 22, 2024
IPO Listing DateFeb 23, 2024

THAAI CASTING IPO FINANCIAL REPORTS 

₹ in Crores
YearRevenueExpensePAT
2023₹49.12₹41.91₹5.04
2022₹38.42₹36.66₹1.15
2021₹20.49₹19.90₹0.40

OUR PROMOTERS

  1. Mr. Sriramulu Anandan
  2. Ms. Shevaani Anandan
  3. Mr. Chinraj Venkatesan

QUALITATIVE FACTOR

Some of the qualitative factors and our strengths which form the basis for computing the Issue Price are:

  •  Continuous Improvement (KAIZEN Process)
  •  Workforce Expertise
  •  Leadership Excellence
  •  Production Scalability
  •  Advanced Inspection Systems
  •  Delivery Commitment
  •  Specialized Talent Retention

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 20232.962.963
March 31, 20220.680.682
March 31, 20210.240.241
Weighted Average1.751.75

THAAI CASTING LIMITED COMPANY CONTACT DETAIL

No. A-20 SIPCOT Industrial Park,
7th Cross Street, Pillaipakkam,
Tiruvallur, Tamil Nadu, India, 602105
Telephone: +91 114 301 1111
E-mail: info@thaaicasting.com
Investor grievance id: ig@thaaicasting.com
Website:www.thaaicasting.com

THAAI CASTING LIMITED IPO REGISTAR

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J. R. Boricha Marg,
Lower Parel (East) Mumbai 400011, Maharashtra, India.
Telephone: +91 022 4961 4132
E-mail: newissue@purvashare.com
Website: www.purvashare.com
Investor Grievance ID: newissue@purvashare.com
Contact Person: Ms. Deepali Dhuri

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