Thaai Casting IPO
Thaai Casting plans to raise INR 47.20 crores through a fresh issue of 61,29,600 equity shares for capital expenditure and general corporate needs.
Important Details
Date: Feb 15 to Feb 20, 2024 Listing Date: Feb 23, 2024 Price: INR 73-77 per share Lot Size: 1600 Shares Total Issue Size: INR 4720 lakhs
Fundamental Analysis
Thaai Casting Ltd's IPO reflects robust growth in revenue, profitability, and equity. Strong RoNW and EPS growth indicate sound financial health and expansion potential.
Peer Comparison
Thaai Casting Ltd excels with a 40.10% RoNW and ₹2.96 EPS, surpassing peers in profitability efficiency despite a smaller income, showcasing robust operational effectiveness.
Objective
Thaai Casting aims to allocate INR 37.30 crores for capital expenditure, focusing on die casting machinery, with the balance funds supporting general corporate goals.
Risks And Challenges
Thaai Casting risks: reliance on Indian auto sector, limited aluminum suppliers, Tamil Nadu revenue concentration, market fluctuations, supply chain issues, policy changes.
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