{"id":35750,"date":"2024-02-14T12:30:53","date_gmt":"2024-02-14T07:00:53","guid":{"rendered":"https:\/\/nationalinsight.in\/index.php\/2024\/02\/14\/thaai-casting-limited-ipo-opens-on-february-15-2024\/"},"modified":"2024-02-14T12:30:53","modified_gmt":"2024-02-14T07:00:53","slug":"thaai-casting-limited-ipo-opens-on-february-15-2024","status":"publish","type":"post","link":"https:\/\/nationalinsight.in\/index.php\/2024\/02\/14\/thaai-casting-limited-ipo-opens-on-february-15-2024\/","title":{"rendered":"Thaai Casting Limited IPO Opens on February 15, 2024"},"content":{"rendered":"
\n

Issue Size \u2013 61,29,600 Equity Shares of \u20b9 10 each ,Issue Size \u2013 \u20b9 44.75 Crores \u2013 \u20b9 47.20 Crores, Price Band \u2013 \u20b9 73 \u2013 \u20b9 77 ,Market Lot Size \u2013 1,600 Equity Shares<\/p>\n

Mumbai (Maharashtra) [India], February 14:<\/strong> Thaai\u00a0Casting Limited\u00a0a\u00a0distinguished automotive component manufacturer,\u00a0has announced its plan to go public with an Initial Public Offering on\u00a0February 15, 2024. The company is aiming to raise\u00a0\u20b9\u00a047.20Crore\u00a0on upper band price\u00a0through this IPO, with shares set to be listed on the\u00a0NSE\u00a0Emerge\u00a0platform.<\/p>\n

The issue size is Up to\u00a061,29,600\u00a0equity\u00a0shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n

Equity Share Allocation<\/strong><\/p>\n

\u25cf\u00a0QIB Anchor Portion\u00a0\u2013\u00a0Up To\u00a017,34,400\u00a0Equity Shares<\/p>\n

\u25cf\u00a0Qualified Institutional Buyers (QIB)\u00a0\u2013\u00a0Up To\u00a011,56,800Equity Shares<\/p>\n

\u25cf\u00a0Non-Institutional Investors (NII) \u2013\u00a0Up To\u00a08,67,200Equity Shares<\/p>\n

\u25cf\u00a0Retail Individual Investors (RII) \u2013\u00a0Up To\u00a020,24,000Equity Shares<\/p>\n

\u25cf\u00a0Market Maker \u2013\u00a0Up To\u00a03,47,200\u00a0Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized for\u00a0Capital Expenditure Requirements,\u00a0and\u00a0General Corporate Expenses.\u00a0The bidding for Anchor portion will open on\u00a0February 14,2024\u00a0and close on the same day further IPO will open for public for subscription on February 15, 2024 and\u00a0closes on February\u00a020, 2024.<\/p>\n

The Book Running Lead Manager to the Issue\u00a0is\u00a0<\/a>GYR Capital Advisors Private Limited.\u00a0The Registrar to the Issue is\u00a0Purva\u00a0Sharegistry\u00a0(India) Private Limited.<\/p>\n

Mr.\u00a0Anandan Sriramulu,\u00a0Chairman and\u00a0Managing Director\u00a0of\u00a0<\/a>Thaai\u00a0Casting Limited\u00a0said,\u00a0\u201cI am glad to announce our upcoming IPO. As we embark on this journey, we are committed to upholding the highest standards in our manufacturing processes, ensuring that our offerings continue to exceed expectations in quality and reliability. With a dedicated team and a robust installed capacity, we are well-prepared to seize opportunities in the market.<\/p>\n

With the proceeds from the IPO allocated for capital expenditure and general corporate expenses, we are poised to enhance our manufacturing capabilities and further solidify our position in the automotive component sector.\u00a0This IPO marks the beginning of an exciting journey towards sustained success and innovation in our industry.\u201d<\/p>\n

Mr.\u00a0Mohit Baid,\u00a0Executive Director of\u00a0GYR Capital Advisors Private Limited\u00a0said,\u00a0\u201cThaai\u00a0Casting Limited\u2019s IPO represents a significant opportunity for the company. With its established track record and expertise in the automotive sector,\u00a0Thaai\u00a0Casting is well-poised for continued success. We believe this IPO not only presents an opportunity to expand its operations but also signifies confidence in the company\u2019s future prospects. We are optimistic about the positive impact it will have on the industry landscape.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Issue Size \u2013 61,29,600 Equity Shares of \u20b9 10 each […]<\/p>\n","protected":false},"author":1,"featured_media":35751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1312],"class_list":["post-35750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts\/35750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/comments?post=35750"}],"version-history":[{"count":0,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts\/35750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/media\/35751"}],"wp:attachment":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/media?parent=35750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/categories?post=35750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/tags?post=35750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}