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Thaai Casting Ltd

Thaai Casting Ltd

listed
₹1.17LMin. investment

Thaai Casting Ltd IPO Details

Price range₹73.00 – ₹77.00
IPO type
SME
Lot size1600 shares
Issue size₹22.49Cr
RHP/DRHP
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Thaai Casting Ltd Timeline

  1. Bid start
    15 Feb 2024
  2. Bid end
    20 Feb 2024
  3. Allotment
    17 Feb 2024
  4. Release of funds
    21 Feb 2024
  5. Demat transfer
    21 Feb 2024
  6. Listing
    23 Feb 2024

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.
  1. Working capital requirement 
  2. General Corporate Purpose, 
  3. Meeting Public Issue Expenses.
Here are key details about the Thaai Casting Ltd IPO:
Company NameThaai Casting Ltd Limited Thaai Casting Ltd IPO Opening DateFebruary 15, 2024
Company Established On2010Thaai Casting Ltd IPO Price band₹216 to ₹227 per share

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Thaai Casting Ltd Contact Details

Company NameThaai Casting Ltd

How to apply for Thaai Casting Ltd?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

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