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21 Jul 25
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28 Jul 25
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Swastika Castal Limited is involved in aluminium casting, producing high-quality components using sand, gravity, and centrifugal casting methods. It specialises in sand casting for intricate designs up to 250 kg and gravity casting for precise parts up to 80 kg. The company’s in-house heat treatment facility enhances product quality and ensures efficiency and cost control. Its product range serves multiple sectors, including electrical equipment and transmission, railways and diesel engines, and various industrial uses such as air compressors, insulators, and other general applications.
Swastika Castal IPO is a fixed-price issue amounting to ₹14.07 crore, consisting entirely of a fresh issue of 21.64 lakh equity shares. The IPO will open for subscription on July 21, 2025, and close on July 23, 2025. The allotment is expected to be finalised on July 24, with the tentative listing date set for July 28, 2025, on the BSE SME platform. The issue is priced at ₹65 per share, with a lot size of 2,000 shares. A retail investor must invest a minimum of ₹2,60,000 for 4,000 shares, while HNI investors are required to invest in a minimum of three lots, amounting to 6,000 shares or ₹3,90,000. Horizon Management Private Limited is the book-running lead manager for the IPO, Accurate Securities & Registry Private Limited is the registrar, and Horizon Financial Consultants Pvt. Ltd. is acting as the market maker.
| Particulars | Details |
| IPO Date | July 21, 2025 to July 23, 2025 |
| Listing Date | July 28, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 21,64,000 shares (₹14.07 Cr) |
| Fresh Issue | 21,64,000 shares (₹14.07 Cr) |
| Offer for Sale | NA |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Pre-Issue Share Holding | 60,00,000 shares |
| Post-Issue Share Holding | 81,64,000 shares |
| Market Maker Portion | 1,10,000 shares (₹0.7150 Cr) |
| Investor Category | Shares Offered |
| Market Maker | 1,10,000 (5.08%) |
| NII (HNI) | 10,26,000 (47.41%) |
| Retail | 10,28,000 (47.50%) |
| Total | 21,64,000 (100.00%) |
| Category | Limits |
| Retail Investors | 2 lots |
| Small HNI (sNII) | 3 to 7 lots |
| Big HNI (bNII) | 8 lots and above |
| Application Type | Lots | Shares | Amount |
| Retail (Min & Max) | 2 | 4,000 | ₹2,60,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,90,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,10,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,40,000 |
| Shareholding Status | Percentage |
| Pre-Issue | 100.00% |
| Post-Issue | 73.49% |
Objectives of the Proceeds
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 30.83 | 23.82 | 26.24 |
| Revenue | 30.31 | 23.35 | 24.41 |
| Profit After Tax | 2.63 | 0.65 | 0.58 |
| Reserves & Surplus | 4.67 | 6.53 | 5.89 |
| Total Borrowings | 9.12 | 8.97 | 9.64 |
| KPI | Value |
| ROE | 28.17% |
| ROCE | 32.74% |
| Debt/Equity | 0.85 |
| RoNW | 24.70% |
| PAT Margin | 8.88% |
| EBITDA Margin | 15.36% |
| Price to Book Value | 3.66 |
| EPS (Pre/Post IPO) | 4.39 / 3.23 |
| P/E Ratio (Pre/Post) | 14.8 / 20.14 |
| Company Name | EPS (Rs) | NAV (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
| Swastika Castal Ltd. | 4.39 | 24.70 | 14.80 | 17.78 | 2.71 |
| Peer Groups | |||||
| Thaai Casting Ltd. | 4.78 | 12.99 | 107.15 | 36.81 | 11.00 |

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1Login to your HDFC SKY Account
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3Enter Number of Lots and your Price.
4Enter UPI ID
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You can apply via UPI through brokers like Zerodha, Angel One, or HDFCSky using ASBA.
Retail investors must apply for a minimum of 2 lots, i.e., ₹2,60,000 for 4,000 shares.
The IPO will be listed on the BSE SME platform on July 28, 2025.
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