How To Check Thaai Casting IPO Allotment Status

On the final day of its bidding process, the Thaai Casting IPO witnessed robust subscriptions, reaching 375 times its offering. The Thaai Casting IPO allotment status is set to be finalised today.

If you applied for the SME IPO, here is how you can check the Thaai Casting IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Thaai Casting IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Thaai Casting" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the Thaai Casting IPO allotment status

If all the details are entered correctly and the allotment has been finalised, the Thaai Casting IPO allotment status will be visible.

Thaai Casting IPO Subscription Status

On the final day of the bidding process, the Thaai Casting IPO had been subscribed 375 times, receiving bids for 152 crore equity shares against the IPO size of 40.48 lakh shares. The retail category was oversubscribed by 355.66 times, while the Qualified Institutional Buyer (QIB) category saw a subscription of 144.43 times, and the Non-Institutional Investors (NII) category was oversubscribed by 729.72 times.

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Thaai Casting IPO GMP

The Thaai Casting IPO GMP is currently reported to be around ₹70, indicating a premium of 90.91% compared to its IPO price of ₹77 per share. It's important to note that while IPO GMPs can offer an insight into market sentiment regarding an IPO, they shouldn't be taken as the sole determinant of the stock's performance upon listing.

Thaai Casting IPO Details

The Thaai Casting IPO was priced at ₹77 at the upper end, with 50% of the offer reserved for QIBs, 35% for retail investors, and the remaining 15% for NIIs. The IPO consists of an entirely fresh equity issue of 61.2 lakh shares, aiming to raise ₹47.5 crore.

Established in June 2010, Thaai Casting Limited specializes in automotive ancillary services, focusing on High-Pressure Die Casting and precision machining of both ferrous and non-ferrous materials, along with induction heating and quenching. The company’s product portfolio includes a diverse range of automotive components such as engine mounting support brackets, transmission mounts, fork shift, and housing, as well as steering wheel components.

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