Thai Casting News Today

Thai Casting IPO subscribed over 300 times. It specializes in precision machining and emphasizes quality assurance. The Indian die casting industry expected to grow at a CAGR of 15-20%.

Thaai Casting IPO: The offer consisted entirely of fresh shares, totaling 61.3 lakh shares.

Investors can check the status of Thai Casting IPO allotment by logging in to the official website of the registrar, which is Purva Sharegistry in this case

Thaai Casting Limited, specializing in automobile components, sees robust IPO response. Allotment finalized, refund process starts on February 21. Estimated listing price at ₹147 per share, 91% higher than issue price.

The IPO, which will close on February 20, is priced at Rs 77 at the upper end. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.

The initial public offer (IPO) of Thai Casting was subscribed seven times on Friday, the second day of the bidding process. The category reserved for retail investors was booked 11.7 times, followed by NIIs at 3.8 times and QIB portion at 1.05 times.

The IPO of Thai Casting aims to raise Rs 47 crore through an equity issue of 61.2 lakh shares. The Indian die casting industry is expected to grow, and Thai Castings financial performance shows promising revenues and profit. The IPO opens on February 15 and closes on February 20.

The SME IPO is a a book built issue of ₹47.20 crores and is entirely a fresh issue of 61.3 lakh shares.