About Thaai Casting Limited
Thaai Casting Limited is launching its IPO. The IPO opens for subscription on 15th February 2024 and will close on 20th February 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does Thaai Casting Limited do?
Incorporated in 2010, Thaai Casting Limited is an automotive ancillary company with IATF 16949:2016 certification, specializing in High-Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching.
Their business model is firmly rooted in a B2B approach, catering to leading entities in the automotive components sector.
Their product portfolio comprises of diverse range of Automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature – Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.
Schedule/Timeline of Thaai Casting Limited IPO
| Issue Period | 15th February to 20th February 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | February 21, 2024 |
| Initiation of Refunds | February 22, 2024 |
| Credit of Shares | February 22, 2024 |
| Date of Listing | February 23, 2024 |
| Mandate end date | March 06, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | March 22, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | May 21, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Thaai Casting Limited IPO?
You can apply for the Thaai Casting Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Thaai Casting Limited IPO?
You can check the allotment status for the Thaai Casting Limited IPO on the website of the Registrar and Transfer agent.