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Thaai Casting Ltd IPO Message Board (Page 9)

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10. Som mca |   Link |  Bookmark | February 16, 2024 10:26:31 AM
5 SME IPO will be list on same day, so fund crisis will may happen. This factor also we seen recently for some main board IPO JANA SFB, Capital, Rashi.
9. Yearly Allotment Guy |   Link |  Bookmark | February 15, 2024 4:11:50 PM
Thaai Casting has nothing related to "Thailand" and "Thai Massage"
:) :D :P <3
8. CA Dhiraj Ramchandani |   Link |  Bookmark | February 15, 2024 8:09:20 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
Good valuations, must apply for good listing gains and long term
7. IPO LEADER |   Link |  Bookmark | February 14, 2024 8:38:16 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
IPO coming at very cheap valuation, Must apply
6. CL BASSI |   Link |  Bookmark | February 14, 2024 8:19:38 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Must apply ipo
5. newgen consultancy |   Link |  Bookmark | February 11, 2024 1:33:32 PM
IPO Guru IPO Guru (3300+ Posts, 5600+ Likes)
Interiors And More Limited
SME IPO

Date : 15-20 Feb
Issue Price : 216-227
Lot Size : 600 (1,36,200 Per Lot)
Issue Size : 42 cr

LM : Gretex Corporate
5.7. Pangaj Don't be like me |   Link |  Bookmark | February 16, 2024 11:23:02 AM (200+ Posts)
Thanks @diwan kapoor
5.8. SONMAYA |   Link |  Bookmark | February 16, 2024 4:02:10 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Actually you want answer from newgen sir,
But sorry to say don't expect any answer from newgen sir here,once the ipo is listed...🙏
4. rohiitian |   Link |  Bookmark | February 11, 2024 9:29:20 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Note that as per RHP, they have 2 separate earnings reported in FY'24 already - Apr-Jul and Aug-Oct. What's reflecting on CG page is only Aug-Oct and doesn't give picture for full year (actual Revenue / PAT of 48 Cr / 8.5 Cr YTD, and not 29 Cr / 5.5 Cr)

This is a 2x listing min and will be mega subscribed - just wait for GMP to start
4.1. ValueSeeker |   Link |  Bookmark | February 12, 2024 4:01:46 PM
IPO Mentor IPO Mentor (1000+ Posts, 400+ Likes)
I haven't been able to go through the prospectus.
But just to play devil's advocate here, wonder how the company is growing by leaps and bounds! Casting is good business, agreed; but even if we ignore FY24 numbers, the bottomline is almost quadrupling every year! And even margins are galloping from 2% in FY21 to 10% in FY23.

On a lighter note, aisa to kya casting kar rahe hain - die casting or Bollywood?! ;-D
4.2. rohiitian |   Link |  Bookmark | February 12, 2024 5:37:17 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
@ValueSeeker FY21 (and even '22) margins are always misleading due to Covid impact - I never pay much attention there. Best to see peer margins to get an idea of what is possible at scale, and if these are in line / better / worse

Revenue growth is superb no doubt and 2x YOY is well within realms of possibility - there are SME biz that grow 5x also on YoY basis.
3. antarix |   Link |  Bookmark | February 11, 2024 8:09:51 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Everything looks good including QIB quota which is 50%. Now, need to see the issue price. Another candidate for heavy subscription.
2. G profit |   Link |  Bookmark | February 11, 2024 4:50:45 AM
IPO Mentor IPO Mentor (1000+ Posts, 200+ Likes)
💎 GYR 💎 , LM performance is very good. Revenue growth of the company looks good, but PAT growth seems a bit exaggerated. Nowadays, good sme ipos are oversubscribed by not 30-50 times but 300-500 times thanks to new and new sme ipo investors who are jumping in with tons of money and sebi for speeding up ipo process to three working days
1. Madhur |   Link |  Bookmark | February 10, 2024 9:39:13 PM
What is the grey market price of this IPO
11.1. IPOs User |   Link |  Bookmark | February 15, 2024 4:05:45 PM
You can check here : https://www.investorgain.com/report/live-ipo-gmp/331/