Thai Casting IPO allotment: Check status, listing date, GMP and other details

The allotment of the SME IPO of Thai Casting will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

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.

Follow the step by step process mentioned below to check the status of allotment.


Step 1: Visit the IPO Allotment Status page on Purva Sharegistry website (https://www.purvashare.com/investor-service/ipo-query)

Step 2: Select IPO from the dropdown

Step 3: Put Application number and enter captcha and 'Submit'.

Thai Casting GMP

In the unlisted market, the company's shares are trading with a premium of Rs 70 in the unlisted market as against an offer price of Rs 77. The tentative listing date is set as February 23.

The IPO, which is an entirely fresh equity issue of 61.2 lakh shares, was subscribed over 300 times at close.

Net proceeds from the public offer will be used for capital expenditure and general corporate purposes.

The company is a distinguished automotive ancillary company, specializing in high pressure die casting, as well as the precision machining of both ferrous and non-ferrous materials and induction heating and quenching.

Its business model is firmly rooted in a B2B approach, catering to leading entities in the automotive components sector. The product portfolio encompasses a diverse range of automobile components, including engine mounting support brackets, transmission mounts, fork shift and housing, Armature – steering wheel, electrical connectors, YFG base frame.

For the period ended October 2023, the company clocked revenues of Rs 28.8 crore and net profit of Rs 5.57 crore.

GYR Capital Advisors is acting as the lead manager to the issue and Purva Sharegistry is the registrar.

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