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Business Standard
18-07-2025
- Business
- Business Standard
Swastika Castal Ltd, Known for High-Precision Aluminium Components, Opens IPO on 21st July 2025
PNN Mumbai (Maharashtra) [India], July 18: Swastika Castal Limited, one of the leading manufacturers of aluminium castings, Headquartered in Vadodara, Gujarat, the company is known for its expertise in sand casting, gravity die casting, and centrifugal casting, has announced the opening of its IPO on July 21, 2025, with a proposed issue size of ₹14.07 Crores, and the shares are proposed to be listed on the SME Platform of BSE Limited (BSE SME). Equity Share Allocation * Market Maker - 1,10,000 Equity Shares * Retail Individual Investors (RII) - 10,28,000 Equity Shares * Others - 10,26,000 Equity Shares The net proceeds from the IPO will be utilised towards capital expenditure for the acquisition of plant & machinery and the construction of sheds & buildings, meeting working capital requirements, and general corporate purposes. The issue will open for public subscription on Monday, July 21, 2025, and close on Wednesday, July 23, 2025. Horizon Management Private Limited is the Lead Manager to the issue, and Accurate Securities & Registry Private Limited is the Registrar to the issue. Mr. Varun Sharda, Promoter and Managing Director of Swastika Castal Limited, expressed: "Swastika Castal Limited's entry into the capital markets marks a pivotal milestone in our journey of precision engineering, innovation, and global expansion. Over the years, we have established ourselves as a trusted manufacturer of high-precision aluminium castings, serving mission-critical industries across India, Europe, Japan, and the USA. With deep expertise in sand, gravity die, and centrifugal casting, supported by advanced manufacturing systems and ISO-certified processes, we deliver tailored, high-performance solutions to sectors like automotive, railways, power transmission, and oil & gas. Highlights: * Fresh Issue Size - 21,64,000 Equity Shares of ₹ 10 each * Issue Size - ₹ 14.07 Crores * Issue Price - ₹ 65 Per Share * Lot Size - 2,000 Equity Shares Our journey has been shaped by continuous investment in advanced machinery, skilled manpower, and rigorous testing systems that meet global quality standards. Guided by experienced leadership, we consistently provide reliable and precise solutions to diverse clients. The capital raised from this IPO will enable us to expand manufacturing infrastructure, enhance working capital, and strengthen our global presence. As we enter this new growth phase, we remain committed to creating lasting value and reinforcing Swastika Castal's reputation as a trusted leader in aluminium castings aligned with the 'Make in India' vision." Mr. Sanjay Dubey, Chief executive officer of Horizon Management Private Limited said, "The aluminium casting industry is poised for significant growth driven by increasing industrialization, infrastructure development, and rising demand in sectors such as automotive, railways, power transmission, and heavy machinery. Advances in manufacturing technologies and a push for higher precision and quality are further expanding the market potential both domestically and globally. In this context, companies that leverage technological innovation and maintain rigorous quality standards are best positioned to capitalize on the growing opportunities. Swastika Castal Limited, with its focus on precision engineering and commitment to quality, is well placed to benefit from these industry tailwinds. We are happy to be a part of Swastika Castal Limited's IPO journey and confident that the capital raised will help them strengthen their operational capabilities and scale their presence in a rapidly evolving market. This partnership represents an exciting opportunity to support a company poised for sustainable growth and value creation." About The Company: Swastika Castal Limited is one of leading manufacturers of aluminium castings, recognized for its expertise in a wide range of casting techniques including sand casting, gravity die casting, and centrifugal casting. Backed by a skilled technical team and ISO 9001:2008 certified processes, the company delivers consistent quality and customized solutions, earning the trust of multinational clients across the globe. Swastika supplies ready-to-use aluminium components to customers in India, Europe, Japan, and the USA, catering to critical sectors such as automotive, railways, textiles, electricals, and power transmission. Its robust manufacturing ecosystem, built on advanced technology, modern machinery, and rigorous testing infrastructure, has positioned the company as a globally competitive and trusted supplier in the aluminium casting industry. Through its focus on engineering excellence, operational precision, and customer-centric innovation, Swastika Castal continues to strengthen its presence in both domestic and international markets. In FY25 the company recorded a Revenue of ₹ 2,966.12 Lakhs, EBITDA of ₹ 455.46 Lakhs, and PAT of ₹ 263.49 Lakhs. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
The Wire
18-07-2025
- Business
- The Wire
Swastika Castal Ltd, Known for High-Precision Aluminium Components, Opens IPO on 21st July 2025
Swastika Castal Limited Opens ₹14.07 Cr SME IPO for Expansion and Global Presence Mumbai (Maharashtra) [India], July 18: Swastika Castal Limited, one of the leading manufacturers of aluminium castings, Headquartered in Vadodara, Gujarat, the company is known for its expertise in sand casting, gravity die casting, and centrifugal casting, has announced the opening of its IPO on July 21, 2025, with a proposed issue size of ₹14.07 Crores, and the shares are proposed to be listed on the SME Platform of BSE Limited (BSE SME). Equity Share Allocation • Market Maker – 1,10,000 Equity Shares • Retail Individual Investors (RII) – 10,28,000 Equity Shares • Others – 10,26,000 Equity Shares The net proceeds from the IPO will be utilised towards capital expenditure for the acquisition of plant & machinery and the construction of sheds & buildings, meeting working capital requirements, and general corporate purposes. The issue will open for public subscription on Monday, July 21, 2025, and close on Wednesday, July 23, 2025. Horizon Management Private Limited is the Lead Manager to the issue, and Accurate Securities & Registry Private Limited is the Registrar to the issue. Mr. Varun Sharda, Promoter and Managing Director of Swastika Castal Limited, expressed: "Swastika Castal Limited's entry into the capital markets marks a pivotal milestone in our journey of precision engineering, innovation, and global expansion. Over the years, we have established ourselves as a trusted manufacturer of high-precision aluminium castings, serving mission-critical industries across India, Europe, Japan, and the USA. With deep expertise in sand, gravity die, and centrifugal casting, supported by advanced manufacturing systems and ISO-certified processes, we deliver tailored, high-performance solutions to sectors like automotive, railways, power transmission, and oil & gas. Highlights: • Fresh Issue Size – 21,64,000 Equity Shares of ₹ 10 each • Issue Size – ₹ 14.07 Crores • Issue Price – ₹ 65 Per Share • Lot Size – 2,000 Equity Shares Our journey has been shaped by continuous investment in advanced machinery, skilled manpower, and rigorous testing systems that meet global quality standards. Guided by experienced leadership, we consistently provide reliable and precise solutions to diverse clients. The capital raised from this IPO will enable us to expand manufacturing infrastructure, enhance working capital, and strengthen our global presence. As we enter this new growth phase, we remain committed to creating lasting value and reinforcing Swastika Castal's reputation as a trusted leader in aluminium castings aligned with the 'Make in India' vision.' Mr. Sanjay Dubey, Chief executive officer of Horizon Management Private Limited said, 'The aluminium casting industry is poised for significant growth driven by increasing industrialization, infrastructure development, and rising demand in sectors such as automotive, railways, power transmission, and heavy machinery. Advances in manufacturing technologies and a push for higher precision and quality are further expanding the market potential both domestically and globally. In this context, companies that leverage technological innovation and maintain rigorous quality standards are best positioned to capitalize on the growing opportunities. Swastika Castal Limited, with its focus on precision engineering and commitment to quality, is well placed to benefit from these industry tailwinds. We are happy to be a part of Swastika Castal Limited's IPO journey and confident that the capital raised will help them strengthen their operational capabilities and scale their presence in a rapidly evolving market. This partnership represents an exciting opportunity to support a company poised for sustainable growth and value creation.' About The Company: Swastika Castal Limited is one of leading manufacturers of aluminium castings, recognized for its expertise in a wide range of casting techniques including sand casting, gravity die casting, and centrifugal casting. Backed by a skilled technical team and ISO 9001:2008 certified processes, the company delivers consistent quality and customized solutions, earning the trust of multinational clients across the globe. Swastika supplies ready-to-use aluminium components to customers in India, Europe, Japan, and the USA, catering to critical sectors such as automotive, railways, textiles, electricals, and power transmission. Its robust manufacturing ecosystem, built on advanced technology, modern machinery, and rigorous testing infrastructure, has positioned the company as a globally competitive and trusted supplier in the aluminium casting industry. Through its focus on engineering excellence, operational precision, and customer-centric innovation, Swastika Castal continues to strengthen its presence in both domestic and international markets. In FY25 the company recorded a Revenue of ₹ 2,966.12 Lakhs, EBITDA of ₹ 455.46 Lakhs, and PAT of ₹ 263.49 Lakhs. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.).
Economic Times
23-06-2025
- Business
- Economic Times
Neetu Yoshi IPO opens June 27, price band fixed at Rs 71-75. Check details
Synopsis Neetu Yoshi Ltd's Rs 77.04 crore IPO opens on June 27 on the BSE SME platform. The metallurgical firm will use proceeds to build a new manufacturing facility. Its RDSO-certified unit supplies key safety parts to Indian Railways. The initial public offering (IPO) of metallurgical engineering company Neetu Yoshi will be available for public bidding from Friday, June 27 and the company has fixed a price band of Rs 71-75 for this issue. ADVERTISEMENT The company aims to raise Rs 77.04 crore (at the upper end of the price band), with its shares proposed to be listed on the BSE SME platform. Here are the key details you need to know: The issue size is 1,02,72,000 equity shares at a face value of Rs 5 each with a price band of Rs 71 - Rs 75 per part of the equity share allocation structure, up to 29,20,000 equity shares have been reserved for the anchor investor portion. The Qualified Institutional Buyer (QIB) category may be allocated up to 19,52,000 equity shares.A minimum of 14,65,600 equity shares will be allotted to Non-Institutional Investors (NIIs), while retail individual investors (RIIs) will receive not less than 34,14,400 equity shares. Additionally, up to 5,20,000 equity shares have been earmarked for the market maker category. ADVERTISEMENT The net proceeds from the IPO will be utilized for the setting up of a new manufacturing facility and for general corporate purposes. The Book Running Lead Manager to the Issue is Horizon Management Private Limited, and the Registrar to the Issue is Skyline Financial Services Private Limited. ADVERTISEMENT Neetu Yoshi Ltd is a metallurgical engineering company manufacturing critical safety spares for railways. The products include mild steel, spheroidal graphite iron, cast iron, and manganese steel (0.2 kg to 500 kg). The Company is an RDSO-certified vendor supplying 25+ critical safety spare parts for Indian Railways, specializing in braking solutions, suspensions, propulsion aids and coupling company has established a Class 'A' RDSO-certified manufacturing facility in Bhagwanpur, Uttarakhand, spanning 7,173 sq. meters with 8,087 MTPA capacity. With advanced infrastructure, in-house testing, and a strategic location, the company delivers precision-engineered, high-quality metallurgical products at competitive prices. As a late mover, Neetu Yoshi leverages advanced technology, CNC precision, and cost-efficient processes to gain a competitive edge while developing next-gen railway solutions. ADVERTISEMENT In FY24, the company achieved a revenue of Rs 4,733.42 lakh, EBITDA of Rs 1,718.57 lakh, and a PAT of Rs 1,257.72 lakh. For the nine-month period ended December 31, 2024, the company achieved a revenue of Rs 5,136.08 lakh, EBITDA of Rs 1,684.89 lakh, and a PAT of Rs 1,199.24 lakh. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
