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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 Casting's 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.