Swastika Castal Limited IPO
Swastika Castal Limited IPO
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The public market debut of Swastika Castal Limited's was completed on 28-07-2025 with its listing on the BSE exchange. The IPO process raised 21,64,000 Shares in total capital, consisting of 21,64,000 Shares in new equity.
The offering featured a price range of ₹65 to ₹65 and minimum application size of 2000 shares. Investor response during the subscription period from 21-07-2025 to 23-07-2025 influenced the final allotment ratios across investor categories.
Final allotment was announced on 25-07-2025, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Swastika Castal IPO About Company
Incorporated in 1996, Swastika Castal Limited is engaged in the business of aluminum casting, primarily operating within the manufacturing sector. The company focuses on producing high-quality aluminum castings using techniques such as sand casting, gravity casting, and centrifugal casting. It specializes in sand casting for complex designs weighing up to 250 kg and gravity casting for components up to 80 kg, delivering precise products with excellent surface finish and dimensional accuracy. Swastika Castal also operates an in-house heat treatment facility, allowing for enhanced quality control, operational efficiency, and cost-effectiveness while ensuring consistent mechanical properties and dimensional stability. The company's product range includes critical components for electrical equipment and transmission systems, robust castings for railways and diesel engines, and parts used in various industrial applications such as air compressors and insulators.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Swastika Castal IPO Strength Factors
- Integrated Manufacturing Process: Full control from design to delivery ensures accuracy and uniform quality
- Affordable High-Quality Production: Offers premium castings at competitive pricing without compromising standards
- Efficient Delivery Network: Ensures timely and reliable fulfillment for both large-scale and custom orders
Swastika Castal IPO Risk Factors
- Client Dependency Risk: Overreliance on a limited customer base may affect revenue stability if major clients are lost
- Associated Company Exposure: Losses in group company Swastika Metcast Pvt. Ltd. may impact brand image and business confidence
- Production Inefficiency Concern: Fluctuating demand may result in underutilized manufacturing capacity and operational inefficiencies
Swastika Castal IPO Lead Manager(s)
- Horizon Management Private Limited
Swastika Castal IPO Promoter(s)
- Varun Sharda
- Indra Sharda
Swastika Castal IPO FAQs
Swastika Castal Limited IPO subscribed 5.08 times. The public issue subscribed 7.75 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 10, 2025 9:23:44 AM (Day 10).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Swastika Castal IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Swastika Castal IPO FAQs
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