IPO Details
Bidding Dates
15 Feb 24 - 20 Feb 24
Price Range ₹
73 - 77
Total Equity
₹ 47.20Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
15 Feb 2024
Offer end
20 Feb 2024
Allotment
21 Feb 2024
Refund initiation
21 Feb 2024
Demat transfer
22 Feb 2024
Listing
23 Feb 2024
Offer start
15 Feb 2024
Offer end
20 Feb 2024
Allotment
21 Feb 2024
Refund initiation
21 Feb 2024
Demat transfer
22 Feb 2024
Listing
23 Feb 2024
About Company
Established in June 2010, Thai Casting Limited operates as an automotive ancillary firm specializing in High-Pressure Die Casting and precision machining of both Ferrous and Non-Ferrous materials, alongside induction heating and quenching services. The company provides an extensive range of automotive components, including engine mounting support brackets, transmission mounts, fork shift and housing, steering wheel armatures, electrical connectors, YFG base frames (for both right-hand and left-hand drive), housing, top cover, and more. Situated in No Tiruvallur, Tamil Nadu, India, the manufacturing unit serves as the company's operational hub.
Year Founded
12-06-2023
Promotor Details
Sriramulu Anandan
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 86.5 | 63.58 |
| Share Capital | 14705000 | 14705000 |
Offer to Public
61,29,600.00 Cr
Project Details
- Capital Expenditure - 373cr
- General Corporate Purposes - 74cr
Objectives
- To meet out the Capital Expenditure
- To meet out the General Corporate Purposes
- andTo meet out the Issue Expenses.
Highlights
- Thai Casting Limited's expertise in High-Pressure Die Casting allows it to produce high-quality automotive components with precision and efficiency, meeting the stringent requirements of the automotive industry.
- The company offers an extensive range of automotive components, catering to various aspects of vehicle manufacturing, which enhances its market competitiveness and potential for revenue growth.
- With precision machining capabilities for both ferrous and non-ferrous materials, Thai Casting Limited can provide customized solutions to meet the specific requirements of its automotive clients, ensuring product quality and performance.
- Dependency on a complex supply chain for raw materials and components exposes Thai Casting Limited to risks such as material shortages, price fluctuations, and transportation delays, which could disrupt production schedules and affect customer deliveries.
- The manufacturing unit serving as the company's operational hub centralizes production activities, streamlines workflow processes, and fosters collaboration among employees, contributing to overall operational efficiency and productivity.
Challenges
- Being primarily focused on the automotive sector, Thai Casting Limited may face risks associated with fluctuations in automotive demand, market competition, and technological disruptions within the industry.
- Economic downturns or fluctuations in the economy can impact consumer spending on automobiles, thereby affecting demand for automotive components and potentially impacting the company's revenue and profitability.
- Rapid advancements in automotive technologies and materials may require continuous investment in research and development, machinery upgrades, and employee training to remain competitive and meet evolving industry standards.
- Situated in Tiruvallur, Tamil Nadu, India, the company benefits from proximity to key automotive manufacturing hubs, facilitating easier access to customers and suppliers, as well as efficient logistics management
- Compliance with regulatory standards and environmental regulations in the automotive industry adds complexity and cost to the company's operations, requiring ongoing monitoring and adherence to ensure legal compliance and sustainability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 13,688.54 | 2,312.96 | 1,066.01 | 1,066.01 | 4.6089 |
