Swastika Castal IPO GMP: SME Issue Gets 3.65x Subscription So Far, To Close Today
The GMP of the Swastika Castal IPO continues to remain zero, indicating flat or negative listing.
Swastika Castal IPO GMP Today: The initial public offering of Swastika Castal Ltd is going to be closed today, Wednesday, July 23. The price band of the BSE SME IPO, which aims to raise Rs 14.07 crore, was fixed at Rs 65 per share. Till 12:34 pm on the final day of bidding on Wednesday, the issue received a 3.65 times subscription, garnering bids for 74,94,000 shares as against the 20,52,001 shares on offer.
The retail and NII participation stood at 5.83x and 1.47x, respectively.
The IPO's grey market premium continues to remain zero, indicating flat or negative listing.
The three-day IPO was opened on July 21.
Swastika Castal Ltd, which was founded in 1996, manufactures high-quality aluminium castings using sand, gravity, and centrifugal processes, with in-house heat treatment for enhanced precision and quality.
Swastika Castal IPO GMP Today
According to market observers, unlisted shares of Swastika Castal Ltd are currently trading at Rs 65, which is the same as the IPO price of Rs 65. It means zero grey market premium or GMP, indicating negative or flat listing.
The price band of the SME IPO has been fixed at Rs 65 apiece.
Its minimum lot size is 2,000. It means investors will have to apply for a minimum of 2,000 shares or in multiple thereof.
Retail investors require a minimum capital of Rs 2,60,000 to apply for the IPO.
Swastika Castal IPO Allotment And Listing Dates
The basis of allotment of the Swastika Castal IPO will be finalised on July 24.
Its shares will be listed on the BSE's SME platform, July 28.
Swastika Castal IPO: More Info
The IPO, which is a fixed price of Rs 14.07 crore, is entirely a fresh issue of 21.64 lakh shares.
Swastika Castal Ltd's revenue rose 30% and profit after tax (PAT) increased 305% between the financial year ending with March 31, 2025 and March 31, 2024.
Horizon Management Private Limited is the book-running lead manager of the Swastika Castal IPO, while Accurate Securities & Registry Private Limited is the registrar for the issue. The market maker for Swastika Castal IPO is Horizon Financial Consultants Pvt Ltd.
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