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Thaai Casting’s Spectacular IPO Debut: Shares Skyrocket 141.55%!

Thaai Casting makes a stunning debut on NSE SME, opening at ₹185.90, a 141.55% premium over its ₹77 issue price, showcasing expertise in precision automobile part machining.
Thaai Casting Shares Soar 141.55% on Stellar Debut!

On February 23, 2024, Thaai Casting experienced a remarkable debut on the NSE SME, opening at ₹185.90, which is a substantial 141.55% premium over its issue price of ₹77. The share price quickly escalated, reaching an intraday peak of ₹195.15. This strong market entry follows the IPO being oversubscribed by 345.85 times, with notable enthusiasm from retail and non-institutional investors, underscoring the firm’s expertise in precision machining of automobile parts.

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Thaai Casting Ltd, a prominent automotive ancillary firm certified with IATF 16949:2016, excels in high-pressure die casting, precision molding of both ferrous and non-ferrous materials, as well as induction heating and quenching services. Operating primarily in a B2B framework, the company serves leading automotive component manufacturers, offering a varied product lineup that includes engine mounting support brackets, transmission mounts, armor, and electrical connectors. 

Thaai Casting operates across three main verticals: High-Pressure Die Casting, Machining, and Induction Heating and Quenching. The primary goal of their IPO is to finance capital expenditure, with plans to allocate up to INR 37.30 crores for machinery related to die casting, and the remainder for general corporate purposes, such as investments, exigencies, salaries, and operational expenses.

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फार्मा स्टॉक में उछाल, ₹177 करोड़ के ब्राउनफील्ड प्रोजेक्ट के लिए कैपेक्स की घोषणा की।

फार्मा स्टॉक ने झगड़िया में ₹177 करोड़ का अपग्रेड प्लान किया है, जिससे संचालन ऑटोमेट होगा और इलेक्ट्रोलाइट एडिटिव्स सुविधा