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.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹65
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,30,000
Issue Size
₹14.07 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50.05%
QIB Quota
0%
NII Quota
49.95%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
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.
Company History
Swastika Castal Limited (the "Company") was incorporated on June 10, 1996 as a Public Limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by Registrar of Companies, West Bengal.
Products & Services
- The Company is in the business of aluminium castings by setting up a foundry.
Growth Strategy
- Bulk Procurement Approach.
- Supply Chain Risk Management.
- Storage Facility Features.
- Inventory Optimization.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
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.
- Product Spectrum & Portfolio.
- Strong Promoters and Board of Directors.
- Experienced and Skilled Execution Team.
- Ensuring Satisfactory Customer Experience through high quality products.
- Substantial portion of its revenues are dependent on few customers and the loss of, or a significant reduction in purchases by any one or more such customers could adversely affect its financial performance.
- Financial and Market Risks.
- Our design and engineering team designs our products as per the specifications provided by the Customers. Any variation from the customer specification may lead to increase in cost or reduce margins.
- We rely significantly on some suppliers for the supply of our raw materials. If these suppliers are unable or unwilling to supply raw materials on time or otherwise fail to meet our requirements, our business will be harmed. An inability to procure the desired quality, quantity of our raw materials and components in a timely manner and at reasonable costs, or at all, may have a material adverse effect on our business, results of operations and financial condition.
- The aluminium casting and manufacturing business is inherently capital-intensive, requiring substantial financial investment to establish and maintain operations.