Thaai Casting Ltd

About Thaai Casting Ltd Established in 2010, Thaai Casting Ltd stands as a reputable player in the automotive ancillary realm, boasting the prestigious IATF 16949:2016 certification. Specializing in High-Pressure Die Casting and precision Machining of both Ferrous and Non-Ferrous materials, along with Induction heating and quenching, the company has been a beacon of quality and reliability in the industry.Under the visionary leadership of Mr. Sriramulu Anandan, a seasoned professional with profound expertise in Pressure Die Casting and Machining Processes, Thaai Casting Ltd has embraced a robust B2B model, catering to prominent entities within the automotive components domain. Diversification is at the heart of Thaai Casting Ltd's product portfolio, encompassing a wide array of Automobile components. From Engine Mounting Support Brackets to Transmission Mounts, Fork Shift and Housing, and Electrical Connectors, the company's offerings cater to various critical needs of the automotive sector.Thaai Casting Ltd's commitment to environmental sustainability has garnered significant recognition, with the receipt of the MSIL-GREEN Certification from Maruti Suzuki India Limited in 2021. This accolade underscores the company's dedication to adopting eco-friendly practices across its operations. In 2022, Thaai Casting Ltd's excellence was further affirmed through prestigious awards from industry leaders such as Hanon and RSB, highlighting its prowess in delivering top-notch quality and being a standout Vendor in the automotive ancillary space. As Thaai Casting Ltd gears up for its highly anticipated Initial Public Offering (IPO), meticulous planning has been undertaken to ensure the strategic allocation of proceeds from the Fresh Issue. This strategic approach aims to drive optimal utilization and foster sustainable growth, reflecting the company's unwavering commitment to its stakeholders and the automotive sector at large. Working capital requirement General Corporate Purpose, Meeting Public Issue Expenses. Here are key details about the Thaai Casting Ltd IPO: Company Name Thaai Casting Ltd Limited Thaai Casting Ltd IPO Opening Date February 15, 2024 Company Established On 2010 Thaai Casting Ltd IPO Allotment Status February 21, 2024 Thaai Casting Ltd IPO Closing Date February 20, 2024 Thaai Casting Ltd IPO Listing Date February 23, 2024 Credit of Shares to the Demat Account February 22, 2024 Thaai Casting Ltd IPO Lot Size 600 Shares Thaai Casting Ltd IPO Face Value ₹10 per share Thaai Casting Ltd IPO to be Listed on NSE Thaai Casting Ltd IPO Issue Size ₹42.00 Cr Thaai Casting Ltd IPO Price band ₹216 to ₹227 per share