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Business Standard
5 days ago
- 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
5 days ago
- 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.).
Time of India
07-07-2025
- Time of India
MP eyes development of mobile app for Simhastha 2028 visitors
Indore: Madhya Pradesh govt is developing a mobile application powered by artificial intelligence and advanced technologies to digitise operations and facilitate seamless coordination among various agencies during Simhastha 2028 in Ujjain. With over 14 crore devotees anticipated to attend the Simhastha in Ujjain, the app, currently under construction, will provide an unified platform for govt departments and millions of visitors expected to visit the temple city during the month long Simhastha. Sanjay Dubey, IAS, additional chief secretary of the department of science and technology, said, "Once the app is downloaded, users will navigate its features effortlessly through a search function, and it will be voice-enabled to cater to diverse linguistic needs. Whether a visitor is from Tamil Nadu requiring guidance in Tamil or a French speaker looking for assistance in their language, the app is equipped to serve them. " The team from Prayagraj was also invited by the Madhya Pradesh govt to present their experiences, challenges, successes, and planning strategies. The govt is also considering involving IITs, IIMs, and other reputed institutions in managing one of the world's largest gatherings. The govt plans to create a control room to monitor app data and provide real-time information about crowd dynamics. The mobile application will offer a plethora of features, including real-time updates on facility availability, accommodation options, parking slots, and detailed directions. Additionally, it will enable seamless bookings for Darshan and ashrams, covering every aspect from transportation and security to public amenities like toilets and routes. According to the MPSEDC department, the app will also act as a critical tool for ensuring safe navigation during the festival, determining the shortest route to their desired destination while indicating crowded areas and suggesting alternative paths. Furthermore, it will provide updates on the availability and condition of nearby toilets and water facilities. "Insights from user data will help predict crowd movements, ultimately enhancing safety and efficiency. A dedicated team of approximately 30 engineers is currently working on the project, with plans to expand to over 100 as the development progresses," said Dubey.
Time of India
06-07-2025
- Business
- Time of India
MPSEDC gets over 100 applications to enhance tech solutions for Simhastha
Indore: Madhya Pradesh State Electronics Development Corporation (MPSEDC) has received over 100 applications so far from startups and tech firms from across the country, suggesting cutting-edge technology to tackle logistical, safety, health, and experiential challenges during Simhastha in Ujjain in 2028. In a bid to develop tailored AI and digital solutions, MPSEDC has invited suggestions for four key areas: Smart Mobility & Access, Safety, Security & Surveillance, Health & Sanitation, and Digital Experience & Sustainability. As part of this initiative, National Tech Hackathon will be conducted in three rounds from July to August, inviting contributions from startups, corporations, and academic institutions. "The Simhastha mela is a significant event, and we envision leveraging technology to enhance the experience for millions of visitors. We are keen on innovative solutions that will improve movement management, access to facilities, and overall safety during the event. The participation of tech firms and startups is vital in creating a sustainable and efficient environment for attendees," additional chief secretary (department of science and technology) Sanjay Dubey said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Consigue audifonos de alta calidad sin gastar ni un solo centavo Top Audifonos Undo Among applications received, tech firms proposed a range of pioneering solutions. Suggestions include movement planning for 'Shahi Snan' days, efficient public transport systems, and intelligent traffic monitoring. Suggestions also included AI-driven solutions for surveillance and crowd control, including predictive algorithms to monitor crowd flow based on real-time data. "We are looking for creative technologies that can revolutionise how we manage crowds, ensuring public safety and enhancing visitor experience. This hackathon is not just about solving immediate problems; it's about setting a benchmark for future events," Dubey said. The registration window for the Hackathon opened from June 26. The department has also invited solutions focused on medical aid, hygiene, clean water, food, waste management, and others.
Time of India
22-04-2025
- Business
- Time of India
Tech Growth Conclave to see participation of leading global & Indian companies
Indore: Tech giants — Google, Microsoft, NVIDIA, Siemens EDA, and homegrown firms like Impetus Technologies, Appointy, and Yash Technologies — will participate in Madhya Pradesh Tech Growth Conclave 2025 to be held in Indore on April 27. Tired of too many ads? go ad free now The event is expected to witness participation of leading technology companies and industry associations from India and across the globe, including ANSR, Tholons, Yotta Infrastructure, RackBank, Netlink, Infobeans, Data Ingenious Global, Kaynes Technology, HLBS Tech, Bharat Electronics Limited (BEL), Panchshil Realty, Amber Enterprises, Kedara Capital, Boston India, Primus Partners, the VLSI Society of India, and Karnataka Digital Economy Mission (KDEM). Industry participants from the AVGC-XR industry, including Crazy Animation Studio and Purple Turtle, have also given their consent to attend the event. The Madhya Pradesh govt plans to announce major infrastructure projects, including the launch of new IT Parks, skill development centres, and startup incubators at the conclave. The inauguration of multiple Centres of Excellence, incubation hubs, software development facilities, and digital infrastructure nodes is also planned during the conclave. Department of science and technology additional chief secretary Sanjay Dubey said, "This conclave is not just about vision — it's about action. In just two months since our last milestone, we are making tangible progress with major project initiations and the issuance of letters of allotment for new IT units." Policy guidelines covering global capability centres (GCCs), semiconductors, AVGC-XR, and drone technologies will also be introduced during the conclave. Tired of too many ads? go ad free now This initiative aims to unlock sectoral potential and bolster institutional mechanisms for growth. The event will include sectoral round-table discussions on GCCs, IT/ITES, semiconductors, drones, and AVGC-XR, bringing together senior executives from participating companies and govt stakeholders. Following these discussions, exclusive one-on-one meetings will be held between chief minister Mohan Yadav and top industry CXOs to facilitate investment clearances, address project challenges, and ensure the smooth implementation of initiatives.
