Thaai Casting Limited IPO
Thaai Casting Limited IPO
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Thaai Casting Limited's completed its IPO journey with a successful listing on NSE on 23-02-2024. The public offering mobilized 61,29,600 Shares in total capital, comprising 61,29,600 Shares in fresh equity.
The offering was conducted within the price band of ₹73 to ₹77, with minimum application lots of 1600 shares. Investor participation during the 15-02-2024 to 20-02-2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on 21-02-2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
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.
Thaai Casting IPO About Company
Thai Casting Limited, founded in June 2010, is a leading automotive ancillary company specializing in High-Pressure Die Casting, precision Machining of Ferrous and Non-Ferrous materials, and Induction Heating & Quenching. As an IATF 16949:2016 certified company, it upholds strict quality standards to produce high-performance automotive components, including engine mounting brackets, transmission mounts, steering wheel armatures, and electrical connectors. Located in Tiruvallur, Tamil Nadu, India, its advanced manufacturing unit and dedicated die-making facility enable efficient new product development. With a focus on innovation and customer satisfaction, Thai Casting employs 132 skilled professionals as of September 30, 2023.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Thaai Casting IPO Strength Factors
- Skilled Workforce: A highly experienced team ensures precision and quality in aluminum die-casting, continuously innovating to meet market needs.
- Strong Leadership: Expert leadership drives innovation and continuous improvement in die-casting and IHQ processes, ensuring customer satisfaction.
- Flexible Production: The company can scale production efficiently, handling projects of various sizes while maintaining consistent quality.
- Quality Assurance: Advanced inspection systems guarantee precision, durability, and compliance with industry standards in every product.
- Reliable Delivery: With optimized workflows and a skilled team, the company ensures timely and efficient project completion, meeting client expectations.
Thaai Casting IPO Risk Factors
- Automotive Market Dependency: The company’s performance is closely linked to India's four-wheeler automotive sector, making it vulnerable to industry slowdowns.
- Non-Automotive Market Risks: Dependence on sectors like wind power, construction, and instrumentation means market fluctuations in these industries could impact business operations.
- Raw Material Challenges: Rising costs or shortages of raw materials could disrupt production and affect profitability.
- Supplier Reliance: Dependence on specific suppliers poses a risk—any supply chain disruptions could impact smooth operations.
- Regional Dependence: Since a large portion of revenue comes from Tamil Nadu, economic or regional challenges in the state could affect the company’s financial stability.
Thaai Casting IPO Lead Manager(s)
- GYR Capital Advisors Private Limited
Thaai Casting IPO Promoter(s)
- Sriramulu Anandan
- Anandan Shevaani
- Chinraj Venkatesan
Thaai Casting IPO FAQs
Thaai Casting Limited IPO subscribed 375.52 times. The public issue subscribed 355.66 times in the retail category,144.43times in QIB, and -- times in the HNI (10+) category byNovember 20, 2025 7:39:36 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Thaai Casting 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.
Thaai Casting IPO FAQs
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