When will I know if shares are allotted to me?

Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.

Can I modify or cancel my IPO application?

Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.

What happens if the IPO is oversubscribed?

If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.

Swastika Castal Ltd

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the Swastika Castal Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

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IPO Snapshot

Key metrics and details at a glance.

Price Band

₹65

Per Share

Lot Size

2000 Shares

Minimum Investment

₹1,30,000

Issue Size

₹14.07 Cr

Face Value

₹10

Per Share

IPO Type

Fixed Price - SME

Retail Quota

50.05%

QIB Quota

NII Quota

49.95%

IPO Timeline

Important dates for your applying strategy.

IPO Opens21 Jul

IPO Closes23 Jul

Basis of Allotment24 Jul

Refund Initiation25 Jul

Shares Credited25 Jul

Swastika Castal Ltd

Business model, operations, and market positioning.

Promoter Holding (Pre-Issue)

100%

Promoter Holding (Post-Issue)

73.49%

Issue Type

Fixed Price - SME

ISIN

INE0PTF01017

About the Company

The Company started its operation in the year 1996 with the object of business of aluminium castings by setting up a foundry. Presently the company has advanced machinine, inspection and testing facilities in India which is backed with an efficient team of metallurgists and professionals. The Company have long expertise in offering tailored casting products to the domestic and international clients. The Company has built a strong reputation for delivering high-quality aluminium castings, earning the trust of several long-standing multinational corporations (MNCs) as its customers.

Industry Overview

The world production of Primary Aluminium Metal during Apr'2024-Jan'2025 was about 60.634 million tonnes against world consumption of 60.229 million tonnes, resulting in a surplus of 0.405 million tonnes. During Jan'25-Mar'25 (Q1-CY 2025), the world consumption of Primary Aluminium Metal is expected to be 18.109 million tonnes against world production of around 17.879 million tonnes, implying a deficit of 0.230 million tonnes. The share of India in the world primary Aluminium production was around 5.8% during Apr-Jan-2025. Aluminium casting represents a sophisticated manufacturing process where molten aluminium is carefully poured into precisely engineered molds, enabling the creation of intricate and complex components essential for various high-performance industries, including automotive manufacturing, electrical quipments, aerospace applications, and renewable energy systems. In 2022, the die casting segment was the largest revenue generator, and is anticipated to grow at a CAGR of 5.4% during the forecast period. Die casting is one of the aluminium casting processes where molten metal is forced under high pressure into the mold cavity. This mold cavity is made by using hardened tools steel dies that have a specific shape and size of the desired casting. Generally, die castings are made from non-ferrous metals such as zinc, magnesium, lead, and others.

Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Standalone figures

Revenue GrowthProfit After Tax (PAT)Total Assets

Revenue

+55.2%vs FY24

Amount in ₹ crore

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

Public issue of 21,64,000 equity shares of face value Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 65/- per equity share (including a securities premium of Rs. 55/- per equity share) (the "Issue Price"), aggregating to Rs. 14.07 crores ("Issue"). Of the issue, 1,10,000 equity shares aggregating to Rs.0.72 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 20,54,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 65/- per equity share aggregating to Rs. 13.35 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.51% and 25.16 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- and the issue price is 6.5 times of the face value.

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

StrengthsRisk Factors

Product Spectrum & Portfolio.
Strong Promoters and Board of Directors.

Frequently Asked Questions

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.

Swastika Castal Ltd

Business model, operations, and market positioning.