Thaai Casting, a distinguished automotive ancillary company specializing in High-Pressure Die Casting and precision machining, is set to launch its Initial Public Offering (IPO). This article provides an overview of Thaai Casting, the objectives of the IPO, a review of the company, and details about the IPO date, price band, and allotment. Additionally, it includes frequently asked questions (FAQs) regarding the IPO application process and other relevant information.
Background Info:
Thaai Casting is an automotive ancillary company founded by Mr. Sriramulu Anandan. With IATF 16949:2016 certification, the company specializes in High-Pressure Die Casting, precision machining of Ferrous and Non-Ferrous materials, and Induction heating and quenching. Thaai Casting’s product portfolio includes a wide range of automobile components catering to leading entities in the automotive sector. The company has received certifications and awards for its commitment to environmental sustainability and excellence in quality.
Objects of the Issue:
- To meet the Capital Expenditure requirements
- To fulfill General Corporate Purposes
- To cover the Issue Expenses
Thaai Casting IPO Review:
The IPO review for Thaai Casting is positive, indicating a potentially good investment opportunity. However, investors are advised to conduct their own research and analysis before making any investment decisions.
Thaai Casting IPO Date & Price Band Details:
- IPO Open: February 15, 2024, for QIB, NII, and Retail Investors
- IPO Price Band: ₹73 to ₹77 per equity share
- Listing: NSE SME
Thaai Casting IPO FAQs:
- What is the size of Thaai Casting IPO? Thaai Casting IPO aims to raise ₹47.20 crores via IPO.
- When will Thaai Casting IPO open? Thaai Casting IPO will open on February 15, 2024, for QIB, NII, and Retail Investors.
- What is the investor portion for Thaai Casting IPO? The investor portion for Thaai Casting IPO is 50% for QIB, 15% for NII, and 35% for Retail investors.
- How to apply for Thaai Casting IPO? Investors can apply for Thaai Casting IPO online via ASBA (Application Supported by Blocked Amount) through their stock brokers. They can also apply offline by filling up the application form.
- How to apply for Thaai Casting IPO through Zerodha/Upstox/Paytm Money? To apply for Thaai Casting IPO through Zerodha/Upstox/Paytm Money, investors need to open a Demat Account with the respective stock broker.
Conclusion:
Thaai Casting’s upcoming IPO presents an opportunity for investors to participate in the growth of a prominent automotive ancillary company. With a focus on high-quality products and sustainable practices, Thaai Casting has garnered recognition in the industry. Investors should carefully consider the IPO details and conduct their own due diligence before making any investment decisions.