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TCS, HDFCBANK, SBI Liquid Fund (G)
Thaai Casting Ltd.

TCL

Equity

NSE

Min. Investment

73,000.00

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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

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

ParticularPre-IPOPost-IPO
Percentage86.563.58
Share Capital1470500014705000

Offer to Public

61,29,600.00 Cr

Project Details

  • General Corporate Purposes - 74cr
  • Capital Expenditure - 373cr

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

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202413,688.542,312.961,066.011,066.014.6089
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