Thaai Casting IPO 2024: GMP, Price, Lot Size, Allotment Status, Date and More

News: The Thaai Casting IPO is creating quite a buzz in the financial world. If you’re wondering what it’s all about, we’ve got you covered. Let’s dive into the details!

What Is Thaai Casting?

Thaai Casting is an automotive ancillary company with a focus on precision engineering. They specialize in High-Pressure Die Casting and machining of both ferrous and non-ferrous materials. Founded by Mr. Sriramulu Anandan, Thaai Casting caters to leading players in the automotive components sector.

Key Details of Thaai Casting IPO

• IPO Dates: The Thaai Casting IPO opens on February 15, 2024, and closes on February 19, 2024.
• Issue Size: The IPO aims to raise approximately ₹47.20 crores.
• Price Band: The IPO price band is set at ₹73 to ₹77 per share.
• Market Lot: The minimum market lot is 1600 shares.
• Listing: Thaai Casting will be listed on the NSE SME platform.

Why Thaai Casting Matters

1. Quality Products: Thaai Casting manufactures a diverse range of automobile components, including engine mounting support brackets, transmission mounts, and electrical connectors. Their commitment to quality has earned them recognition from industry leaders.
2. Environmental Consciousness: Thaai Casting received the MSIL-GREEN Certification from Maruti Suzuki India Limited in 2021, highlighting their dedication to eco-friendly practices.
3. Awards and Accolades: In 2022, Thaai Casting was honored with prestigious awards for their outstanding quality and vendor excellence.

Objectives of the IPO

The funds raised through the IPO will be used for:

• Capital Expenditure
• General Corporate Purposes
• Issue Expenses

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About Thaai Casting Limited :

Thaai Casting Limited is an automotive ancillary company specializing in precision engineering. Founded by Mr. Sriramulu Anandan, Thaai Casting focuses on High-Pressure Die Casting and machining of both ferrous and non-ferrous materials. They manufacture a diverse range of automobile components, including engine mounting support brackets, transmission mounts, and electrical connectors. Their commitment to quality has earned them recognition from industry leaders.

In 2021, Thaai Casting received the MSIL-GREEN Certification from Maruti Suzuki India Limited, highlighting their dedication to eco-friendly practices. Additionally, they have been honored with prestigious awards for outstanding quality and vendor excellence.

The Thaai Casting IPO is set to open on February 15, 2024, and will close on February 19, 2024. The IPO aims to raise approximately ₹47.20 crores with a price band of ₹73 to ₹77 per share. Thaai Casting will be listed on the NSE SME platform, and the funds raised will be used for capital expenditure, general corporate purposes, and issue expenses.

Investors looking for growth opportunities should keep an eye out for Thaai Casting’s listing on February 22, 2024. Remember that investing in IPOs involves risks, so always consult with a professional advisor before making any investment decisions. 

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