Latest news with #SwastikaCastal
Business Standard
16 hours ago
- Business
- Business Standard
NSE SME Swastika Castal steadies its course on market debut
Shares of Swastika Castal was trading at Rs 65.05 on the NSE, a premium of 0.08% compared with the issue price of Rs 65. The scrip was listed at Rs 67, a premium of 3.08% compared with the initial public offer (IPO) price. The stock is currently down 2.91% over its listing price. The counter hit a high of Rs 67.50 and a low of Rs 63.65. About 8.24 lakh shares of the company changed hands at the counter. Swastika Castal's IPO was subscribed 4.87 times. The issue opened for bidding on 21 July 2025 and it closed on 23 July 2025. The price of the IPO was fixed at Rs 65 per share. The IPO comprised fresh issue of 21,64,000 equity shares. The promoter and promoter group shareholding diluted to 73.49% from 100% pre-issue. The company intends to utilize the net proceeds for capital expenditure, including the acquisition of plant and machinery, construction of sheds and buildings, working capital requirements and general corporate purposes. Swastika Castal began operations in 1996 with the objective of engaging in the aluminium castings business by establishing a foundry. The company currently operates with advanced machinery, inspection, and testing facilities in India, supported by a skilled team of metallurgists and professionals. It has extensive experience in providing customized casting products to both domestic and international clients. The company primarily serves MNCs and large corporates across sectors such as electrical and railways. The company had total 79 employees (including 48 contract workers). The company recorded revenue from operations of Rs 29.66 crore and net profit of Rs 2.63 crore for the period ended 31 March 2025.
Time of India
a day ago
- Business
- Time of India
Swastika Castal shares to list today. Check GMP ahead of debut
Synopsis Swastika Castal is set to launch on the Bombay Stock Exchange SME platform on Monday. The Initial Public Offering saw good subscription numbers last week. The company reported strong financial growth for fiscal year 2025. However, the stock shows no grey market premium. The IPO consisted of fresh equity shares. The company specializes in aluminum casting for various industries.
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Business Standard
5 days ago
- Business
- Business Standard
Swastika Castal IPO allotment today; check status, GMP, likely listing date
Swastika Castal IPO allotment status: The basis of allotment of shares of the initial public offering of Swastika Castal (Swastika Castal IPO) is likely to get finalised today, Thursday, July 24, 2025. The public issue received decent demand from investors, getting oversubscribed five times by the end of the subscription period on July 23, according to BSE data. Check the Swastika Castal IPO allotment status online - direct links Once the allotment is finalised, investors who have applied for the public issue can check the Swastika Castal IPO allotment status on the official websites of the BSE and Accurate Securities & Registry, the registrar for the offering. Check Swastika Castal IPO allotment status on Accurate Securities & Registry: Swastika Castal IPO details Swastika Castal IPO consists entirely of a fresh issue of 2.16 million equity shares worth ₹14.07 crore. The public issue was offered at ₹65 per share, with a lot size of 2,000 shares. The public issue was open for subscription from July 21 – July 23. The public issue received Swastika Castal proposes to use the IPO proceeds for capital expenditure for the acquisition of plant & machinery and construction of shed & building. The company will also use the proceeds for general corporate purposes. Accurate Securities & Registry is acting as the registrar to the issue, while Horizon Management is serving as the sole book-running lead manager. Swastika Castal IPO grey market premium (GMP) today listing estimate In the grey market, the company's unlisted shares were trading flat around ₹65 per share, the same as the IPO price, according to sources tracking grey market activities. Thus, the grey market premium (GMP) of Swastika Castal IPO remains nil on Thursday. Swastika Castal IPO listing date, listing forecast Shares of Swastika Castal are tentatively expected to list on the BSE SME platform on Monday, July 28, 2025. The current GMP trend suggests a flat listing for the company's shares. However, it is important to note that GMP is an unregulated market indicator and should not be relied upon for assessing the company's actual market performance. About Swastika Castal Swastika was established in 1996 and began operations with aluminium casting. At present, the company has advanced machining, inspection, and testing facilities in India, supported by a team of metallurgists and professionals. Swastika supplies castings as original equipment to companies in India and exports to parts of Europe and the USA.
News18
6 days ago
- Business
- News18
Swastika Castal IPO GMP: SME Issue Gets 3.65x Subscription So Far, To Close Today
Last Updated: 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. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
7 days ago
- Business
- Business Standard
Swastika Castal IPO Day 2 update: Subscription rises 2.5x, GMP remains nil
Swastika Castal IPO Day 2 subscription status: The initial public offering (IPO) of aluminium casting company Swastika Castal has entered its second day. The SME offering, which opened for public subscription on Monday, July 21, has received bids for 52,20,000 shares, against 20,54,000 on offer, leading to a subscription of 2.54 times at 2 PM on Tuesday, showed BSE data. Swastika Castal IPO grey market premium (GMP) According to sources tracking unofficial markets, the unlisted shares of Swastika Castal were trading flat at the issue price of ₹65 on Tuesday, in the grey market. Swastika Castal IPO details The company aims to raise ₹14.07 crore through a fresh issue of 2.16 million equity shares. The SME IPO will close for subscription on Wednesday, July 23, 2025. The basis of the allotment of shares is expected to be finalised on Thursday, July 24, 2025. Shares of Swastika Castal are scheduled to be listed on the BSE SME platform, tentatively on Monday, July 28, 2025. The company has fixed the price band at ₹65 per equity share. Retail investors can bid for a minimum of two lots consisting of 2,000 shares each, with an investment amount of ₹2,60,000. The minimum investment required for high-net-worth individuals (HNIs) is ₹3,90,000 for three lots of 6,000 equity shares. Accurate Securities & Registry is the registrar of the issue. Horizon Management is the sole book-running lead manager of the issue. According to the RHP, the company intends to use the net issue proceeds for acquiring plant & machinery, construction of a shed and building, and working capital requirements. About Swastika Castal Incorporated in 1996, Swastika Castal is involved in the business of aluminium casting. The company supplies the casting as original equipment (ready-to-use component) to companies in India and also exports to parts of Europe and the USA. Currently, Swastika has advanced machining, inspection and testing facilities in India, which are backed by a team of metallurgists and professionals. Its primary product lines include Electrical Equipment and Transmission, Railways and Diesel Engines, and Industrial applications like air compressors, insulators, and general industrial applications.
