Swastika Castal: Swastika Castal shares get listed at 3.08% premium!Swastika Castal: Swastika Castal shares get listed at 3.08% premium!

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Swastika Castal shares made a modest debut on the BSE SME, opening at ₹67, just 3.08% above the issue price of ₹65. The IPO was open for subscription from Monday, July 21 to Wednesday, July 23.

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Swastika Castal’s ₹14.07 crore IPO comprised a fresh issue of 21,64,000 equity shares with a face value of ₹10 each. There was no offer for sale. The IPO was subscribed 5.08 times on the final bidding day.

Swastika Castal Ltd., incorporated in 1996, manufactures high-quality aluminum castings using sand, gravity, and centrifugal casting methods. It specializes in complex designs and operates an in-house heat treatment facility to ensure precision, durability, and cost-effective production.

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The objective of Swastika Castal’s IPO is to raise funds for working capital requirements, general corporate purposes, and to meet public issue expenses, supporting the company’s overall business expansion and operational efficiency.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.