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15 Days Price Change

Thaai Casting IPO

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Profile
Issue Size --
Profile
Price Range 73  to  77 per share
Profile
Min Investment ₹77
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Thaai Casting Ltd is a prominent automotive ancillary company specializing in precision casting solutions. Established with a commitment to excellence, the company has emerged as a key player in the automotive industry. Thaai Casting focuses on producing high-quality, durable components, ranging from engine parts to intricate automotive components. Leveraging cutting-edge technology and a skilled workforce, the company ensures the delivery of top-notch casting solutions to meet the stringent standards of the automotive sector. With a customer-centric approach, Thaai Casting Ltd has gained a reputation for reliability and innovation, contributing significantly to the efficiency and performance of vehicles worldwide. Read More

Basic Info

Face Value 10 per share

Price 73  to  77 per share

P/E (x) 16

Sales( Cr.) 122

PAT( Cr.) 12

EPS 4.8

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Sriramulu Anandan Anandan Shevaani Chinraj Venkatesan.

Pre Issue Share Holding 100%

Post Issue Share Holding 50.93%

Listing Details:

Listing Price: 214

Listing Gain: 64.02%

Current Price: 105.9

Gain On Issue: 105.9 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 15, 2024
Closing Date Feb 20, 2024
Allotment Feb 21, 2024
Refund Feb 22, 2024
Delivery of Shares Feb 22, 2024
Listing Date Feb 23, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 123,200
Retail (Max) 1 1600 123,200
S-HNI (Min) 2 3200 246,400
S-HNI (Max) 8 12800 985,600
B-HNI (Min) 9 14400 1,108,800

Objective of the Issue

1. To meet out the Capital Expenditure. 2. To meet out the General Corporate Purposes. 3. To meet out the Issue Expenses.

Issue

Category Nos Bid Bid (x)
QIB 3064800 442649064 144.4x
NII 919440 670933757 729.7x
Retail 2145360 763018738 355.7x
EMP 0 0 0x
Total 6129600 2301235728 375.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Thaai Casting Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 71 122
Other Income 0 1
Total Income 71 123
Total Expenditure 51 93
Operating Profit 20 31
Interest 3 6
Depreciation 2 7
Exceptional Income / Expenses 0 0
Profit Before Tax 14 17
Provision for Tax 4 5
Profit After Tax 11 12
Adjustments 0 -1
Profit After Adjustments 11 11
Adjusted Earnings Per Share 4.6 4.8

Thaai Casting Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 72 83
Minority's Interest 0 2
Borrowings 21 46
Other Non-Current Liabilities 1 2
Total Current Liabilities 42 70
Total Liabilities 137 204
Fixed Assets 61 93
Other Non-Current Assets 4 15
Total Current Assets 72 95
Total Assets 137 204

Thaai Casting Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 11
Cash Flow from Operating Activities -25 1
Cash Flow from Investing Activities -68 -50
Cash Flow from Financing Activities 104 39
Net Cash Inflow / Outflow 11 -10
Closing Cash & Cash Equivalent 11 1

Thaai Casting Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.61 4.78
CEPS(Rs) 5.65 8.46
DPS(Rs) 0 0
Book NAV/Share(Rs) 31.23 36.01
Core EBITDA Margin(%) 27.78 24.29
EBIT Margin(%) 24.41 18.92
Pre Tax Margin(%) 20.43 13.88
PAT Margin (%) 15.02 9.9
Cash Profit Margin (%) 18.41 16
ROA(%) 7.79 7.11
ROE(%) 14.76 15.56
ROCE(%) 14.71 15.9
Receivable days 61.24 54.42
Inventory Days 142.27 104.08
Payable days 114.62 87.06
PER(x) 31.53 18.08
Price/Book(x) 4.65 2.4
Dividend Yield(%) 0 0
EV/Net Sales(x) 5.22 2.36
EV/Core EBITDA(x) 18.79 9.43
Net Sales Growth(%) 0 72.21
EBIT Growth(%) 0 33.48
PAT Growth(%) 0 13.52
EPS Growth(%) 0 3.73
Debt/Equity(x) 0.63 1.08
Current Ratio(x) 1.69 1.36
Quick Ratio(x) 1.04 0.76
Interest Cover(x) 6.13 3.75
Total Debt/Mcap(x) 0.14 0.45

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 72% 0% 0% 0%
Operating Profit CAGR 55% 0% 0% 0%
PAT CAGR 9% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 10% NA% NA% NA%
ROE Average 16% 15% 15% 15%
ROCE Average 16% 15% 15% 15%

Company Contact Information

Thaai Casting Ltd.

No. A-20 Sipcot Industrial Park 7th Cross Street Pillaipakkam

IPO Lead Manager(s)

Thaai Casting Ltd.

GYR Capital Advisors Pvt Ltd.

Registrar Info

Thaai Casting Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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