Thaai Casting Ltd

About the company

## **About  Thaai Casting Ltd** Established in 2010, Thaai Casting Ltd stands as a reputable player in the automotive ancillary realm, boasting the prestigious IATF 16949:2016 certification. Specializing in High-Pressure Die Casting and precision Machining of both Ferrous and Non-Ferrous materials, along with Induction heating and quenching, the company has been a beacon of quality and reliability in the industry. Under the visionary leadership of Mr. Sriramulu Anandan, a seasoned professional with profound expertise in Pressure Die Casting and Machining Processes, Thaai Casting Ltd has embraced a robust B2B model, catering to prominent entities within the automotive components domain. Diversification is at the heart of Thaai Casting Ltd's product portfolio, encompassing a wide array of Automobile components. From Engine Mounting Support Brackets to Transmission Mounts, Fork Shift and Housing, and Electrical Connectors, the company's offerings cater to various critical needs of the automotive sector. Thaai Casting Ltd's commitment to environmental sustainability has garnered significant recognition, with the receipt of the MSIL-GREEN Certification from Maruti Suzuki India Limited in 2021. This accolade underscores the company's dedication to adopting eco-friendly practices across its operations. In 2022, Thaai Casting Ltd's excellence was further affirmed through prestigious awards from industry leaders such as Hanon and RSB, highlighting its prowess in delivering top-notch quality and being a standout Vendor in the automotive ancillary space. As Thaai Casting Ltd gears up for its highly anticipated Initial Public Offering (IPO), meticulous planning has been undertaken to ensure the strategic allocation of proceeds from the Fresh Issue. This strategic approach aims to drive optimal utilization and foster sustainable growth, reflecting the company's unwavering commitment to its stakeholders and the automotive sector at large. 1. Working capital requirement  1. General Corporate Purpose,  1. Meeting Public Issue Expenses. Here are key details about the Thaai Casting Ltd IPO: Company Name| **Thaai Casting Ltd Limited**|  | Thaai Casting Ltd IPO Opening Date| **February 15, 2024** ---|---|---|---|--- Company Established On|**2010**Thaai Casting Ltd IPO Price band|**₹216 to ₹227 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   15 Feb 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   20 Feb 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   17 Feb 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   21 Feb 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   21 Feb 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   23 Feb 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.