Swastika Castal IPO
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Schedule of Swastika Castal
| Issue open date | 21 Jul 2025 |
| Issue close date | 23 Jul 2025 |
| UPI mandate deadline | 23 Jul 2025 |
| Allotment finalization | 24 Jul 2025 |
| Refund initiation | 25 Jul 2025 |
| Share credit | 25 Jul 2025 |
| Listing date | 28 Jul 2025 |
| Mandate end date | 07 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 23 Aug 2025 |
| Lock-in end date for anchor investors (remaining) | 24 Oct 2025 |
Note: The schedule is tentative. 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. The allotment status can be checked on the registrar's website and the exchange website.
About Swastika Castal
Incorporated in 1996, Swastika Castal is engaged in manufacturing of high-quality aluminium castings utilizing sophisticated production techniques such as sand casting, gravity die casting and centrifugal casting, serving both domestic and international markets. The company focuses especially on clients in the electrical and railway sectors, including several MNCs. With experienced promoter and in-house manufacturing facility, Swastika Castal has built a reputation as a reliable supplier.
Financials of Swastika Castal
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹14.06 crores |
| Fresh issue | ₹14.06 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| CapEx for acquisition of Plant & Machinery and Construction of Shed & Building | 5 (35.56%) |
| Working capital requirement | 5.5 (39.11%) |
| Issue related expenses | 1.9 (13.51%) |
| General corporate purposes | 1.5 (10.66%) |
Strengths
- In-house advanced manufacturing facility
- Diversified product portfolio, catering to multiple end-user industries especially electrical and railways
- Diversified casting and production capabilities, following quality compliance and industry standards
- Reputed clients base, domestically and internationally
- Promoter’s expertise in aluminium casting and manufacturing sector
Risks
- Customer concentration with Top 5 contributing over 80% of revenue
- Single manufacturing plant, high exposure to localized disruption
- Reliance on promoters for customer acquisition and retention, absence of dedicated marketing team
- Dependence on few key raw material suppliers and past issues in statutory compliance