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Thaai Casting Ltd IPO (Thaai Casting IPO) Detail

February 15, 2024 - February 20, 2024

Thaai Casting IPO is a book built issue of Rs 47.20 crores. The issue is entirely a fresh issue of 61.3 lakh shares.

Thaai Casting IPO bidding started from February 15, 2024 and ended on February 20, 2024. The allotment for Thaai Casting IPO was finalized on Wednesday, February 21, 2024. The shares got listed on NSE SME on February 23, 2024.

Thaai Casting IPO price band is set at ₹73 to ₹77 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹123,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹246,400.

GYR Capital Advisors Private Limited is the book running lead manager of the Thaai Casting IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Thaai Casting IPO are Giriraj Stock Broking and Commodity Mandi.

Refer to Thaai Casting IPO RHP for detailed information.

Thaai Casting IPO Details

IPO Date February 15, 2024 to February 20, 2024
Listing Date February 23, 2024
Face Value ₹10 per share
Price Band ₹73 to ₹77 per share
Lot Size 1600 Shares
Total Issue Size6,129,600 shares
(aggregating up to ₹47.20 Cr)
Fresh Issue6,129,600 shares
(aggregating up to ₹47.20 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue17,000,000
Share holding post issue23,129,600
Market Maker portion347,200 shares
Giriraj Stock Broking
Commodity Mandi

Thaai Casting IPO Reservation

Thaai Casting IPO offers 6,129,600 shares. 1,156,800 (18.87%) to QIB, 867,200 (14.15%) to NII, 2,024,000 (33.02%) to RII and 1,734,400 (28.30%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,734,400 (28.30%)
Market Maker Shares Offered347,200 (5.66%)
QIB Shares Offered1,156,800 (18.87%)
NII (HNI) Shares Offered867,200 (14.15%)
Retail Shares Offered2,024,000 (33.02%)
Total Shares Offered6,129,600 (100%)

Thaai Casting IPO Anchor Investors Details

Thaai Casting IPO raises Rs 13.35 crore from anchor investors. Thaai Casting IPO Anchor bid date is February 14, 2024. Thaai Casting IPO Anchor Investors list

Bid Date February 14, 2024
Shares Offered 1,734,400
Anchor Portion Size (In Cr.) 13.35
Anchor lock-in period end date for 50% shares (30 Days) March 21, 2024
Anchor lock-in period end date for remaining shares (90 Days) May 20, 2024

Thaai Casting IPO Timeline (Tentative Schedule)

Thaai Casting IPO opens on February 15, 2024, and closes on February 20, 2024.

IPO Open Date Thursday, February 15, 2024
IPO Close Date Tuesday, February 20, 2024
Basis of Allotment Wednesday, February 21, 2024
Initiation of Refunds Wednesday, February 21, 2024
Credit of Shares to Demat Thursday, February 22, 2024
Listing Date Friday, February 23, 2024
Cut-off time for UPI mandate confirmation 5 PM on February 20, 2024

Thaai Casting IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹123,200
Retail (Max) 1 1600 ₹123,200
HNI (Min) 2 3,200 ₹246,400
Lot Size Calculator

Thaai Casting IPO Promoter Holding

The promoters of the company are Sriramulu Anandan, Anandan Shevaani and Chinraj Venkatesan

Share Holding Pre Issue 86.50%
Share Holding Post Issue

About Thaai Casting Ltd

Incorporated in June 2010, Thai Casting Limited is an automotive ancillary company specializing in High-Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. The company has three business verticals:-

  1. High Pressure Die Casting
  2. Machining of Ferrous and Non-Ferrous
  3. Induction Heating and Quenching

Thaai Casting is an IATF 16949: 2016 certified company.

The company offers a wide range of automotive components, such as engine mounting support brackets, transmission mounts, fork shift and housing, steering wheel armatures, electrical connectors, YFG base frames (both right-hand and left-hand drive side), housing, top cover, and more. The manufacturing unit is located in No Tiruvallur, Tamil Nadu, India,

The company has a die-making facility for new product development according to the required specifications. The die maintenance process is done with utmost care to ensure the dies run continuously and have a longer lifespan.

As of September 30, 2023, the company employs 132 people in various departments.

Thaai Casting Ltd Financial Information (Restated Standalone)

Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets14,638.255,498.523,752.292,379.19
Revenue4,848.914,911.643,841.942,048.70
Profit After Tax860.93503.71115.4040.33
Net Worth4,116.941,617.31894.84473.46
Reserves and Surplus620.78
Total Borrowing7,830.032,985.102,351.151,313.51
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Thaai Casting IPO is Rs 178.1 Cr.

KPI Values
ROCE13%
Debt/Equity1.85
RoNW40.10%
P/BV8.1
Pre IPO Post IPO
EPS (Rs) 2.966.38
P/E (x) 25.9912.07
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of October 31, 2023 that is available in RHP.

Objects of the Issue (Thaai Casting IPO Objectives)

The objects of the Issue are: -

  • To meet out the Capital Expenditure;
  • To meet out the General Corporate Purposes; and
  • To meet out the Issue Expenses.

Thaai Casting IPO Review (Apply)

[Dilip Davda]  TCL is a distinguished automotive ancillary company and has posted growth in its top and bottom lines for the reported periods. The management is confident of improving the trends established so far. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards. The closing date is extended by a day to February 20, 2024 due to Bank Holiday on February 19, 2024. Read detail review...


Thaai Casting IPO Subscription Status (Bidding Detail)

The Thaai Casting IPO is subscribed 375.43 times on February 20, 2024 6:20:00 PM. The public issue subscribed 355.66 times in the retail category, 144.43 times in the QIB category, and 729.72 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB144.43
NII729.72
Retail355.66
Total375.43

Total Application : 449,904 (355.66 times)

Thaai Casting IPO Prospectus

Thaai Casting IPO Rating

5
3.8
Rating:Rated 3.8 stars
Vote Here ...

Thaai Casting IPO Listing Details

Listing Date February 23, 2024
BSE Script Code
NSE Symbol TCL
ISIN INE0QJL01014
Final Issue Price ₹77 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹77.00
₹185.90
₹176.60
₹195.15
₹195.15

Check IPO Performance…

Thaai Casting Ltd Contact Details

Thaai Casting Ltd
No. A-20 SIPCOT Industrial Park
7th Cross Street,
Pillaipakkam, Tiruvallur,-602105
Phone: +91 79046 50127
Email: cs@thaaicasting.com
Website: https://www.thaaicasting.com/

Thaai Casting IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query

Thaai Casting IPO - Buy or Not

Thaai Casting IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 2 1 1

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Thaai Casting IPO FAQs

Thaai Casting IPO is a SME IPO of 6,129,600 equity shares of the face value of ₹10 aggregating up to ₹47.20 Crores. The issue is priced at ₹73 to ₹77 per share. The minimum order quantity is 1600 Shares.

The IPO opens on February 15, 2024, and closes on February 20, 2024.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Thaai Casting IPO using UPI as a payment gateway. Zerodha customers can apply in Thaai Casting IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Thaai Casting IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Thaai Casting IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Thaai Casting IPO opens on February 15, 2024 and closes on February 20, 2024.

Thaai Casting IPO lot size is 1600 Shares, and the minimum amount required is ₹123,200.

You can apply in Thaai Casting IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Thaai Casting IPO will be done on Wednesday, February 21, 2024, and the allotted shares will be credited to your demat account by Thursday, February 22, 2024. Check the Thaai Casting IPO allotment status.

The Thaai Casting IPO listing date is on February 23, 2024.
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Thaai Casting IPO Message Board

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450 Comments

170. KBG |   Link |  Bookmark |March 14, 2024 9:20:28 AM
Dear experts
Please guide and give us any idea as to when will this biggest ever fall in SME segment will stop....
169. KBG |   Link |  Bookmark |March 6, 2024 12:31:17 PM
Healthy correction which rarely took place in SME...also in all small caps and midcaps..
You know such healthy correction is about to create panic among retail and small HNIs and make them to book loss
I think such level correction is not possible without collaboration among each other
It is no doubt... pre-planned
169.1. ओम साई राम |   Link |  Bookmark |March 6, 2024 3:34:12 PM
Tomorrow 1 lot add karne ka soch Raha hu.
169.2. ओम साई राम |   Link |  Bookmark |March 6, 2024 4:25:11 PM
Tomorrow circuit change
168. KBG |   Link |  Bookmark |March 6, 2024 10:48:20 AM
I never seen anything like this that's too only within 10days of circuit restrictions that some company is announced order receiving news of 220 cr under sec 30 of SEBI (LODR)
.. I can only say with my experience it is a trap
I pray God that I might prove myself wrong
167. bull in the north |   Link |  Bookmark |March 2, 2024 3:57:39 PM
can anyone explain basis of allotment for this issue in hni category.
166. SJogi |   Link |  Bookmark |March 1, 2024 11:04:00 AM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
Added more lots today for long term✅
166.1. SaurabhJogi |   Link |  Bookmark |March 3, 2024 11:33:05 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
📌 220Cr✅ order for #Thaai casting ltd😲😲🔥🔥

➡️FY23 revenue was 49Cr!
(Order is 4.5 times the last year Rev🔥)

📍Big growth expected in future✅
166.2. SaurabhJogi |   Link |  Bookmark |March 4, 2024 3:02:28 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
strong UC in this weak market
165. Gai Bhens Paani Me |   Link |  Bookmark |February 29, 2024 7:26:02 PM
Circuit might break by tomorrow.
165.1. SJogi |   Link |  Bookmark |February 29, 2024 8:16:34 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
yes i'm planning to add some lots tomorrow. strong players have entered in this script, may give good returns in short term and long term.
164. ओम साई राम |   Link |  Bookmark |February 28, 2024 6:46:07 PM
Saturday Market open 9.15 am to 10 am and 11.30 am to 12.30 pm.
163. Gai Bhens Paani Me |   Link |  Bookmark |February 28, 2024 10:34:50 AM
Any reason for sudden selling pressure for this script?
163.4. ओम साई राम |   Link |  Bookmark |February 29, 2024 9:19:58 AM
LC khulne ke chances hai
163.5. Gai Bhens Paani Me |   Link |  Bookmark |February 29, 2024 10:21:16 AM
Flipper group want to create panic, so retailers sell stock lower rates and they can buy it with the same lower price.
162. Mr. Agrawal |   Link |  Bookmark |February 26, 2024 10:21:50 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Ekdum se sell order lagane se price girne lag gya tha .. toh slowly slowly 200 ke price par maal nikal rhe jese hi quantity fill hoti hai aur order lga dete hai... Interesting to see where it goes from here . . Mostly UC ! But depends on that one patient seller. Personally I don't have any now but would buy at LC if available today
161. SJogi |   Link |  Bookmark |February 24, 2024 8:26:21 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
BULK Deal update:-
▪️Big SME Investor SELVAMURTHY
AKILANDESWARI✅ Bought 1,16,800 shares of Thaai casting ltd at avg Rs.180😮🔥
📌📌 ➡️ ➡️
▪️Incorporated in June 2010, Thaai Casting Limited✅ is an automotive ancillary company specializing in High-Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. The company has three business verticals:-

1)High Pressure Die 90% Rev✅).
2)Machining of Ferrous and Non-Ferrous.💫
3)Induction Heating and Quenching.💫

▪️The company offers a wide range of automotive components, such as engine mounting support brackets, transmission mounts, fork shift and housing, steering wheel armatures, electrical connectors, YFG base frames (both right-hand and left-hand drive side), housing, top cover, and more.💫

▪️They use Aluminium ingot in die #ElectricVehicles require More Aluminium components🚀)

▪️They are also diversifying into making components for green tech like EV components and #Wind Awnings for Turbines. As people move towards more and more Greener and Renewable sources✅, Thaai Casting will pivot and will be ready to supply those industries in more and more quantum.

📌Big Wind Generator manufacturer Flender-German✅ came to India and visited Thaai casting plants😮. In interview, the management said they are supplier for WIND TURBINE GREEN POWER GENERATION industry also.🚀

▪️Manufacturing unit :-Tiruvallur, Tamil Nadu, India.💫

▪️Company has the flexibility to change as per demand. And there is more and more diversification to remove any sectoral downturn impact.✅

📌Thaai Induction and Nitriding Pvt Ltd, a Wholly Owned Subsidiary of Thaai General Engineering) through its tier 1, Flender Drives Pvt Ltd.🔥🔥

▪️Thaai Casting is an IATF 16949: 2016 certified company✅.

📌Awards and Achievements:-🔥🔥

➢2021:-Company received MSIL –GREEN Certification (Maruti Suzuki India Ltd✅) for acknowledge the efforts and achievements of environment-friendly practices and committing to sustainable development.
➢2022:-Company received awards from Hanon and RSB for Best Quality and Best Vendor.🔥
➢2023:-Approved vendor of GE renewable through Flender Drives.🚀
➢2014:-Company received award from Hyundai Motors for fulfilling the Quality Assurance Compliance.
➢2019:-Company received award from Tokai Rubber Auto Parts for Best Quality, Cost and Delivery Company.
➢2019:-received IATF 16949:2016 certificate for recognized as world-class automotive supplier.🔥🔥

📌Capacity:-

➢Capacity Installed For High Pressure Die Casting: 2500 tonnes.
➢capacity utilization: 65-70%
➢Recently Thaai casting increased their products 1kg to 4.5kg component and after current machinery is installed they will make upto 8 kg components soon. Bigger and heavier component capability will be added.✅

📌📌
▪️IPO price: Rs.77
▪️IPO size: 47.2Cr (excluding anchor size is:33.85Cr)
▪️CMP:Rs.195
▪️Market cap: 450Cr
▪️P/E:30✅
▪️EPS:6.38
▪️ROE: 63.59%
▪️ROCE: 35.68%
▪️Employees: 132
▪️Debt/Equity:1.85
▪️Assets:146.38 Cr
▪️Total Borrowing:78.3 Cr (Reserves and Surplus:6.2Cr)

📌FINANCIALS:
▪️FY24-7M Rev: 48.48 Cr🔥
▪️FY24-7M PAT: 8.6 Cr🔥
▪️FY23 revenue is 49.11 Cr as compared to 38.41 Cr(FY22), 28%✅ growth yoy.
▪️FY23 PAT is 5.03 Cr as compared to 1.15 Cr(FY22), 340%✅ growth yoy.
▪️140%🔥 growth in revenue in last 2 years.
▪️1160%🔥 growth in PAT in last 2 years.

(PAT margins of 1.97% (FY21), 3.01% (FY22), 10.29% (FY23), 19.28% (7m-FY24)✅)

▪️The reason for big jump is that they had done expansion last year and are adding on more and more machinery✅.

📍With the huge Capex the company is doing, we can estimate an easy 50% jump in topline and bottomline for the next year. As they add more and more heavy casting SKUs, their Margins will increase✅🔥.

📌Revenue Projection:-🔥🔥
(based on available information, sector growth, investor chatter and channel checks)

▪️FY24:- Rev: 100Cr+ and PAT: 16Cr+
▪️FY25:- Rev: 160Cr+ and PAT: 26Cr+
✅Tentative order book: 350Cr +🔥

(➡️As per management commentary, they have a 350+ crore order book in hand. Whatever Capex they will install, will have full utilization from day 1)

📌Revenue bifurcation:-
➢Agriculture Sector : 1.05%
➢Automotive Sector : 77.21%
➢Non-Automotive Sector : 19.86% (they have already added more SKUs and increased non automotive share✅ )
➢Power Sector : 1.88%

📍Their working capital cycle is 85-90 days max.

✔️Their clients pay them in 45-60 days max as per prefixed date. The other 15-20 days is the time it takes them to produce the item via several stages.✅

➡️They also have a running inventory in stock for some parts that are in regular demand as per their analysis so that they can supply the clients immediately.💫

📌IPO funds:
From the net proceeds of the IPO funds, it will utilize Rs. 37.3 Cr for capital expenditure and the rest for general corporate purposes.( purchase of machineries For manufacturing of Aluminium Die Casting product.)

📍The machinery had already been ordered in advance. Mainly Japanese machines and some German machines✅. They expect to complete Capex within 3 months.
"QUICK AND PRODUCTIVE DEPLOYMENT OF IPO FUNDS"🔥🔥

📌PEERS:

As per the offer document, the company has shown Endurance Techno and Electrosteel having PE 43 and 18 resp. However, they are not comparable on an apple-to-apple basis.✅

📌CLIENTS:🔥🔥
Schindler, Hyundai, KIA, Maruti Suzuki, Toyota, Mahindra, Tata Motors, Royal Enfield, PYUNG HWA, Yazaki, HL Mando, UCAL, Harting, etc.✅

▪️They are supplier for German company WIKA group, which is manufacturer for many equipment.🔥
▪️supplier for components to Schindler group which is a Swiss multinational company :- elevator, lift Equipment manufacturer.💫
▪️They are supplier for #SDF group- SDF Group is an Italian agricultural machinery manufacturer - is one of the world's leading manufacturers of tractors, combine harvesters, and diesel engines.🚀
▪️Recently they entered into pick vehicles, and medium truck parts for TATA MOTORS, and Ashok Leyland.
▪️Also Hyundai is major auto client. And they have monopoly, eg. Hyundai makes 1 part of a model from ONLY ONE vendor. So it reduces their quality issues, and order for a particular car part continues for all the years the car is in production.💫
▪️In Maruti Suzuki their parts are in the Grand Vitara and New Baleno via Motherson Sumi. And they will be part of future upcoming models too🔥

📌SECTOR GROWTH:
▪️The Indian die casting industry is expected to grow at a CAGR of 15-20% in the next 2 years, driven by factors such as increasing demand from automotive, electronics, and consumer goods sectors.✅

▪️The industry is also expected to benefit from the government's focus on "Make in India" and "Atmanirbhar Bharat" initiatives. These initiatives are aimed at promoting domestic manufacturing and reducing reliance on imports. The government has also taken steps to improve the infrastructure and business environment in the country, which is expected to further boost the growth of the die casting industry.💫

▪️Auto component exports are expected to grow and reach US$ 30 billion in FY26.🔥

▪️The global aluminum casting market was valued at $72.9 billion in 2022, and is projected to reach $124.9 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032. Increasing usage of aluminum in various applications, such as transportation and telecommunication, is expected to boost market growth during the forecast period.✅

▪️The future will demand lighter materials as compared to Steel & Cast Iron to compensate for the additional weight of lithium ion batteries.

▪️A US study estimates a 6-8% fuel savings✅ for every 10% weight reduction achieved by switching to aluminium in vehicles.

▪️Production Linked Incentive (PLI) schemes on automobile and auto components are expected to bring a capex of Rs. 74,850 crore (US$ 9.58 billion) in the next five years.💫

📌STRENGTH:
➢ Continuous Improvement (KAIZEN Process✅).
➢ Workforce Expertise.
➢ Leadership Excellence.( MD has 30 years✅ of experience and worked with Japanese technologies💫. Hands on man who breathes and dreams his work🔥)
➢ Production Scalability.
➢ Advanced Inspection Systems.🔥
➢ Delivery Commitment.
➢ Specialized Talent Retention.

📌FUTURE PLAN:

▪️Effectively investing in Industry 4.0 technologies to streamline operations, enhance productivity, and drive innovation across all facets of the business.✅

▪️Expanding the offerings to include sub-assemblies and assemblies, leveraging the existing customer base.

▪️Focusing on developing new products that align with the division's core competencies.✅

▪️Focus on consistently meeting quality standards.

▪️Integrating and upgrading the systems for improved efficiency and effectiveness.🔥

📌Disclosure: Not a buy recommendation. only for study and education purpose. Please consult your financial advisor before investing. Please stop investing blindly.🙏🙏
161.13. SJogi |   Link |  Bookmark |February 29, 2024 8:17:11 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
Also some big players bought for long term. LC will open tomorrow and i will add some lots.
161.14. SaurabhJogi |   Link |  Bookmark |March 2, 2024 9:41:05 AM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
may hit UC today.
160. Rohan Bajaj |   Link |  Bookmark |February 23, 2024 12:58:22 PM (500+ Posts)
Yes sec. not allowing to sell SME stocks on day 1 or even after that due to some technical issues
160.1. VIPVIP |   Link |  Bookmark |February 23, 2024 2:06:25 PM (300+ Posts)
Please reply if problem solved or not?
And how and when u can sold it?
160.2. WealthyRam |   Link |  Bookmark |February 24, 2024 5:26:26 AM
@Denim  I agree with your concern. But, from big investors point of view, no one would reveal before hand that they are purchasing if they do so, they may not be able to grab good pie of it at lower prices.
In either case, for small investors like us, it will take time to understand the fundamentals, if we do so, we can buy irrespective of big investors opinions. Sometimes we have to move along with herd!!.
Another problem - many people recommends but mostly they do not come forward when they are exiting!!
159. Jaineeth |   Link |  Bookmark |February 23, 2024 10:50:58 PM
My frnd (luckily alottee) who is not on chittorgarh recd this msg , wt does this amount mean as he applied for retail 1 lot only

158. ManishDwiv |   Link |  Bookmark |February 23, 2024 6:36:13 PM
Top Contributor Top Contributor (600+ Posts, 200+ Likes)
23-Feb-2024      TCL      Thaai Casting Limited      
SELVAMURTHY AKILANDESWARI.       BUY      1,16,800.       180.41      -
158.1. Kapz |   Link |  Bookmark |February 23, 2024 7:33:47 PM
IPO Mentor IPO Mentor (800+ Posts, 400 Likes)
@ManishDwiv  Nicely spotted, and a great buy by MRavi sir! Next week, other big bulls expected to buy into this..keep the tabs open.
158.2. ManishDwiv |   Link |  Bookmark |February 24, 2024 1:13:42 PM
Top Contributor Top Contributor (600+ Posts, 200+ Likes)
Looks like more UCs coming..too many HNis name coming in this stock.
157. Jey Nayak |   Link |  Bookmark |February 23, 2024 2:38:00 PM (200+ Posts)
Anyone's amount still blocked. I had applied through Gpay and amount is still blocked. Because of this, yesterday I was not able to apply other two SMEs which were closed yesterday. Whom I need to mail. Already mailed to registrar and bank but no response from bank.
157.2. Jey Nayak |   Link |  Bookmark |February 23, 2024 7:08:15 PM (200+ Posts)
Actually I am staying abroad, that's the main problem...
157.3. Vimal Garodia |   Link |  Bookmark |February 23, 2024 7:23:12 PM
IPO Guru IPO Guru (3500+ Posts, 3900+ Likes)
Hmm, then may be some friend or family member can help you with that by visiting the branch..
156. Mr. Agrawal |   Link |  Bookmark |February 23, 2024 11:29:25 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
How about posting detailed analysis before listing ??? Everyone was asking but Suddenly Select people (Same name Always) bought after it hit LC and posts are flying everywhere about how great company is.. Panic create Kiya jata hai silence se ..phir LC par badi quantity utha lete hai and after buying they post.. it's a pattern nowadays !
They Got enough Money to Manipulate From LC to UC but if they have conviction and want others to get benefitted they should share before listing if they would hold , sell or buy and in what range !
No harsh feelings
156.3. IPOVini |   Link |  Bookmark |February 24, 2024 2:37:32 PM
@Mr. Agrawal 
Bro you are spot on!!!
I completely agree with your thoughts. I have also observed the same from past few days.
Posting fancy fancy detailed analysis after he buy!!! for what? for chittorgarh community benefit or for his own benefit?
Why not post your analysis atleast by last day of the subscription the way @newgen consultancy does. Why creating hype for your own benefit?
156.4. jasbirsingh |   Link |  Bookmark |February 25, 2024 8:52:54 PM (200+ Posts)
Sir u are absolutely right.
Phir mein apko yaha kuch jayada nahi bata sakta.
Forum k limit hai nahi toh block kar Diya jayugaa.
155. SJogi |   Link |  Bookmark |February 23, 2024 10:23:16 AM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
bought 1 lot at lc, will post detailed analysis on sunday.
155.2. ओम साई राम |   Link |  Bookmark |February 23, 2024 11:44:13 AM
Bought 4 lot at uc
155.3. SJogi |   Link |  Bookmark |February 23, 2024 1:20:07 PM
IPO Guru IPO Guru (1100+ Posts, 900+ Likes)
good company, good clients, superb financials, sector is growing.
154. MAMU |   Link |  Bookmark |February 23, 2024 8:59:35 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Thaai Cast > Kalyani Cast Tech
154.2. MAMU |   Link |  Bookmark |February 23, 2024 11:11:43 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Now gping towards UC
154.3. MAMU |   Link |  Bookmark |February 23, 2024 12:27:19 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Lag gayi 💞
153. Shakti Man |   Link |  Bookmark |February 23, 2024 11:16:44 AM
I sold 1 lot of 1600 shares during the pre-open market session through Zerodha at a price of ₹185 per share. My demat account is currently showing an available margin of ₹2,37,952.00.
The initial issue price was ₹77 per share. Calculating the sale proceeds (1600 shares * ₹185), the total should be around ₹296,000.
I'm curious about the difference 58K between the sale proceeds and the available margin. Could you help me understand where the remaining amount has been deducted?

Got my first SME IPO, so not aware of all the deductions.
153.2. Parven |   Link |  Bookmark |February 23, 2024 11:30:09 AM
It's the delivery margin which will reflect in your account tomorrow. Don't worry. No deductions.
153.3. Shakti Man |   Link |  Bookmark |February 23, 2024 11:49:38 AM
Appreciate the prompt response!
I am aware of the SEBI 80-20% rule for margins but it slipped my mind today.
So thanks for the reminder.

It's a valuable lesson that in the market, staying fully attentive is crucial; even minor details like this can't be missed.
152. ROAR |   Link |  Bookmark |February 23, 2024 10:55:08 AM (300+ Posts)
@Tejas Pandya  Many claim that they weren't able to sell their lots in both Thaai & Esconet. But placing order in the pre-open market would do the job na.!? Why aren't they able to do so? could you help in this regard
152.1. Tejas Pandya |   Link |  Bookmark |February 23, 2024 11:06:48 AM
IPO Guru IPO Guru (3500+ Posts, 2800+ Likes)
There can be many reasons..
1) Technical glitch
2) GREED
3) Slow Decision making.
151. ARJUN'S EYE |   Link |  Bookmark |February 23, 2024 11:06:43 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Sold in preopen.....