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 Date February 20, 2024 IPO Size Approx ₹47.20 Crores IPO Face Value ₹10 Per Equity Share IPO Price Band ₹73to ₹77 Per Every Share IPO Listing On NSE and BSE IPO Retail Quota 35% IPO QIB Quota 50% IPO NII Quota 15%
THAAI CASTING IPO MARKET LOT DETAILS
Application Lot Size Shares Amount Retail Minimum 1 1600 ₹123,200 Retail Maximum 1 1600 ₹123,200 S-HNI Minimum 2 3200 ₹246,400
OBJECTS OF THE ISSUE
- To meet the Capital Expenditure.
- To meet out the General Corporate Purposes.
- To meet out the Issue Expenses.
THAAI CASTING IPO ALLOTMENT & LISTING DATE (DETAILS)
IPO Open Date Feb 15, 2024 IPO Close Date Feb 20, 2024 Basis of Allotment Feb 21, 2024 Refunds Feb 22, 2024 Credit to Demat Account Feb 22, 2024 IPO Listing Date Feb 23, 2024
THAAI CASTING IPO FINANCIAL REPORTS
₹ in Crores Year Revenue Expense PAT 2023 ₹49.12 ₹41.91 ₹5.04 2022 ₹38.42 ₹36.66 ₹1.15 2021 ₹20.49 ₹19.90 ₹0.40
OUR PROMOTERS
- Mr. Sriramulu Anandan
- Ms. Shevaani Anandan
- 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 Ended Basic EPS (in ₹) Diluted EPS (in ₹) Weight March 31, 2023 2.96 2.96 3 March 31, 2022 0.68 0.68 2 March 31, 2021 0.24 0.24 1 Weighted Average 1.75 1.75
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
