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Thaai Casting IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Tiruvallur and caters to Automobile - Forging And Casting sector. GYR Capital Advisors Private is the merchant banker of Thaai Casting IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 4th December 2023.
Thaai Casting IPO open date is 15th February 2024 and close date is 20th February 2024. IPO Allotment Date is 21st February 2024 and Listing date is 23rd February 2024.Thaai Casting IPO size is Rs 47.20 Cr. crores with IPO price of Rs 77.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
GYR Capital Advisors Private Limited is the book-running lead manager of the Thaai Casting IPO. Purva Sharegistry India Private Limited is the Registrar and Market Maker is Giriraj Stock Broking Private Limited for Thaai Casting IPO.
Thaai Casting IPO anchor investors are the below investors. The number of anchor investors in this IPO is 2.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Silver Stallion Limited | 260,800.00 | ₹77.00 | ₹20,081,600.00 |
| Vikasa India EIF | 1,473,600.00 | ₹77.00 | ₹113,467,200.00 |
Thaai Casting IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Thaai Casting IPO, based in Tiruvallur, operates in the Automobile - Forging And Casting sector with a focus on automotive ancillary company. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Thaai Casting IPO size is ₹ 47.20 Cr. Crores with fresh issue size of Rs 47.20 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Thaai Casting IPO is expected to be 21st February 2024, after the finalization of basis of allotment. Investors can check Thaai Casting IPO allotment status on the registrars website, Purva Sharegistry India Private Limited. Thaai Casting IPO refund dates are 21st February 2024.
Thaai Casting IPO is expected to be listed on 23rd February 2024.
The upper price band for the Thaai Casting IPO is set at ₹ 77.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Thaai Casting IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Thaai Casting IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 20th February 2024. After submission, funds are blocked until the basis of allotment of Thaai Casting IPO is finalised.
The merchant banker for Thaai Casting IPO is GYR Capital Advisors Private Limited . GYR Capital Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Thaai Casting IPO RHP for further details.
The registrar for Thaai Casting IPO is Purva Sharegistry India Private Limited. Investors can go to Purva Sharegistry India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Thaai Casting IPO through their official website or helpline.
Thaai Casting IPO was subscribed 375.43 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 47.20 Cr.
Avg IPO Size (Sector Based)
:
₹ 21.31 Cr.
Sector: Automobile - Forging And Casting
SME IPO so far:
8
Merchant Banker:
GYR Capital
SME IPO by BRLM so far:
47
City:
Tiruvallur
SME IPO so far:
3
Revenue (annualised):
₹ 49.53 cr.
PE
Ratio:
12.07x
Average Sector PE Ratio: 18.11x
Thaai Casting IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Thaai Casting Financial Review Page
Merchant Banker(s) of Thaai Casting IPO: GYR Capital Advisors Private Limited
Thaai Casting IPO subscription was 375.43 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Thaai Casting IPO listed at a listing price of 195.15 against the offer price of 77.00.
The current market price of Thaai Casting is 102.45.
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