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IPO

IPO Synopsis
Thaai Casting Ltd
Registered Office: A-20 Sipcot Industrial Park,7th Cross St. Pillaipakkam , Tiruvallur - 602105 , Tamil Nadu , India.
Phone : +91 79046 50127   Fax:
Email :  cs@thaaicasting.com  
Website :  www.thaaicasting.com
Initial public offer of 61,29,600 equity shares of face value of Rs. 10/- each ("Equity Shares") of Thaai Casting Limited (the "Company" or "Thaai Casting" or "TCL" or "Issuer") at an issue price of Rs. 77 per equity share (including a share premium of Rs. 67 per equity share) for cash, aggregating Rs. 47.20 crores ("Public Issue") out of which 3,47,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 77 per equity share for cash, aggregating Rs. 2.67 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 57,82,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 77 per equity share for cash, aggregating up to Rs. 44.53 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 26.50 % and 25.00 % respectively of the post-issue paid-up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
15-Feb-24 20-Feb-24 Rs77.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  Rs Cr Lead Managers to the Issue
Project Cost 44.70
GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 47.20  
Post Issue Equity Share Capital 23.13  
Issue Price Rs77.00  
 
Projects
Capital ExpenditureGeneral Corporate Purposes
Promoted By
Sriramulu Anandan
Anandan Shevaani
Chinraj Venkatesan
Listing At
NSE - SME 
Registrar to the Issue
Purva Sharegistry (India) Pvt