Thaai Casting Limited
ListedSMEEmerging SME Services · NSE
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.
Price Band
₹73 – ₹77
Issue Size
₹47.20 Cr
Lot Size
1600 shares
GMP
₹80
+103.9%
Est. Listing
₹157
at current GMP
Subscribed
375.52x
overall
Open
15 Feb 2024
Close
20 Feb 2024
Allotment
21 Feb 2024
Refund
22 Feb 2024
Demat Credit
23 Feb 2024
Listing
23 Feb 2024
Last updated 12 days ago
Overall Subscription
375.52x
Total Demand
QIB Multiplier
144.43x
Institutions & Funds
NII / HNI
730.12x
High Net-Worth
Retail (RII)
355.66x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,156,800 | 167,080,000 | 144.43x |
| NIB | 867,200 | 633,160,000 | 730.12x |
| RETAIL | 2,024,000 | 719,846,400 | 355.66x |
| Total | 4,048,000 | 1,520,086,400 | 375.52x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,341 | 476,940 | 355.66x |
| HNIs (10L +) | 9 | 6,571 | 730.12x |
| HNIs (2-10L) | 41 | 29,935 | 730.12x |
| Total Applications | 1,391 | 513,446 | 369.12x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Thaai Casting Limited Public Issue & Market Profile
Thaai Casting Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹47.2 Crores. The shares are offered at a price band of ₹73 to ₹77 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Bidding & Quota Instructions:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Allotment Reconciliation Schedule:
Following the close of bidding on 2024-02-20, the basis of allotment is scheduled to be finalized on 2024-02-21. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Purva Sharegistry India Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is Thaai Casting Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Thaai Casting Limited IPO is ₹80 per equity share. Based on the upper price band of ₹73 to ₹77 per equity share, the estimated listing price is ₹157 (+103.9% expected listing gain).
What is the expected profit per lot for Thaai Casting Limited IPO?
With a lot size of 1600 shares and current GMP of ₹80, the expected profit per application lot is approx ₹1,28,000 (+103.9% gain). Minimum application cost is approx ₹1,23,200.
What is the issue size and price band for Thaai Casting Limited IPO?
The Thaai Casting Limited IPO aggregate issue size is ₹47.2 Crores with an equity price band set at ₹73 to ₹77 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,23,200.
How can I check Thaai Casting Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 375.52x (Retail: 355.66x, QIB: 144.43x, NII: 730.12x). You can track live multiples directly on our dedicated subscription page.
Where and when will Thaai Casting Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Purva Sharegistry India Private Limited) and the BSE status verification website on or around 2024-02-21. Investors can verify status using PAN card or application number.
When is the listing date for Thaai Casting Limited IPO?
Thaai Casting Limited shares are scheduled to list on NSE on 2024-02-23.