Explore the Thaai Casting IPO details, from opening date to market trends. Learn about the company’s financials, IPO timeline, and potential gains. Dive into the world of automotive ancillary with Thaai Casting.
Introduction:
Thaai Casting Limited is set to make waves in the automotive ancillary industry with its upcoming Initial Public Offering (IPO). Packed with fresh opportunities, the Thaai Casting IPO presents investors with a chance to delve into the world of High-Pressure Die Casting and precision machining.
Thaai Casting IPO Details:
Opening Date: February 15, 2024 Closing Date: February 20, 2024 Allotment Date: February 21, 2024 Listing Date: February 23, 2024 Price Band: ₹73 to ₹77 per share Lot Size: 1600 Shares Issue Size: 6,129,600 shares (₹47.20 Cr)
Financial Snapshot:
As of October 31, 2023, Thaai Casting Ltd showcased impressive financial growth. Revenue surged by 27.84%, and profit after tax witnessed a remarkable 336.49% rise compared to the fiscal year ending March 31, 2022.
Business Verticals:
Thaai Casting excels in three key areas:
- High-Pressure Die Casting
- Machining of Ferrous and Non-Ferrous
- Induction Heating and Quenching
Also read: Atmastco Limited IPO: Unveiling a Pioneering EPC and Fabrication Investment Opportunity
IPO GMP Trends:
Grey Market Premium (GMP) indicators suggest a positive outlook for Thaai Casting Ltd. With an anticipated listing premium of 25.97%, the stock might soar to ₹97 per share, considering the upper band IPO price of ₹77.
Investor Allocations:
- Market Maker: 3,47,200 shares (5.66%)
- Anchor Allocation: 17,34,400 shares (28.30%)
- QIB: 11,56,800 shares (18.87%)
- NII (HNI): 8,67,200 shares (14.15%)
- Retail: 20,24,000 shares (33.02%)
Next Steps:
The Thaai Casting IPO subscription window opened on February 15, 2024, and closes on February 20, 2024. The basis of allotment will be finalized on February 21, 2024, with refunds initiated on February 22, 2024. Demat credits are expected on the same day, and the stock is set to list on the NSE SME segment on February 23, 2024.
In conclusion, Thaai Casting’s IPO beckons investors to ride the wave of growth in the automotive ancillary sector. With promising financials and positive GMP trends, this venture holds the potential for substantial returns. Investors, mark your calendars for a journey into the promising world of Thaai Casting.
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