Issue Price
₹77
Per Share
GMP
NIL
Grey Market
Est. Listing
₹77
Expected Price
Min. Application
₹246,400
2 lots × 1600 shares
Incorporated in June 2010, Thai Casting Limited is an automotive ancillary company specializing in High-Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. The company has three business verticals:-High Pressure Die CastingMachining of Ferrous and Non-FerrousInduction Heating and QuenchingThaai Casting is an IATF 16949: 2016 certified company.The company offers a wide range of automotive components, such as engine mounting support brackets, transmission mounts, fork shift and housing, steering wheel armatures, electrical connectors, YFG base frames (both right-hand and left-hand drive side), housing, top cover, and more. The manufacturing unit is located in No Tiruvallur, Tamil Nadu, India,The company has a die-making facility for new product development according to the required specifications. The die maintenance process is done with utmost care to ensure the dies run continuously and have a longer lifespan.As of September 30, 2023, the company employs 132 people in various departments.
Thaai Casting Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 347,200 | — | ₹2.67 Cr | — |
| TOTAL | 6,129,600 | 100.00% | ₹47.20 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹123,200 |
| Retail (Max) | 13 | 20,800 | ₹1,601,600 |
| sNII (Min) | 14 | 22,400 | ₹1,724,800 |
| bNII (Min) | 68 | 108,800 | ₹8,377,600 |
| Particulars | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 4848.91 | 4911.64 | 3841.94 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 860.93 | 503.71 | 115.40 |
| Net Worth | 4116.94 | 1617.31 | 894.84 |
| Total Assets | 14638.25 | 5498.52 | 3752.29 |
| Reserves & Surplus | 620.78 | N/A | N/A |
| Total Borrowings | 7830.03 | 2985.10 | 2351.15 |