Swastika Castal SME: Check IPO Date, Live Subscription and Key Details
Swastika Castal Limited, founded in 1996, specializes in manufacturing high-quality aluminum castings. The company utilizes various casting methods to produce strong and precise aluminum parts, including sand casting (for large and complex parts up to 250 kg), gravity casting (for smooth and accurate parts up to 80 kg), and centrifugal casting (for round or hollow parts). They have an in-house heat treatment facility to ensure product quality, maintain cost efficiency, and enhance the strength and stability of their castings.
Price Range
₹65.00
Issue Size
₹13.35 Cr
Lot Size
2,000 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹65
Estimate Profit
-
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
3.23
P/E Ratio
20.14
RoNW
24.7%
ROE
28.17%
Debt to Equity
0.85
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Timeline
IPO Opens
21 Jul
IPO Closes
23 Jul
Allotment
24 Jul
Listing
28 Jul
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 21 July 2025 | Subscription starts |
| IPO Close Date | 23 July 2025 | Subscription ends |
| Allotment Date | 24 July 2025 | Allotment |
| Listing Date | 28 July 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,60,000 |
SHNI (Min) | 3 | ₹3,90,000 |
SHNI (Max) | 7 | ₹9,10,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,40,000 |
IPO Objectives
- Capital Expenditure for acquisition of Plant & Machinery and Construction of Shed & Building.
- Working Capital Requirements.
Strengths
- Wide product range of aluminum castings with diverse applications, including electrical equipment, railways, and industrial parts, catering to multiple sectors.
- Serves both Indian and global customers, providing a diversified revenue stream and reducing reliance on a single market.
- Strong focus on quality with an in-house heat treatment facility and adherence to ISO 9001:2015 standards, ensuring product strength and stability.
- Experienced leadership team (promoters with over 25 years in the aluminum casting industry) with deep domain knowledge and operational expertise.
Weaknesses
- Sudden spike in profitability in FY25 (PAT up 305% from FY24) raises concerns about its sustainability, as such aggressive growth may not be replicable in future periods.
- High customer concentration: The top 5 customers accounted for over 50% of the company's revenue in FY25, making the business vulnerable to the loss of key clients or changes in their purchasing patterns.
- Geographic concentration: A significant portion of revenue is generated from a few states in India, exposing the company to regional economic downturns or policy changes.
- Exposure to raw material price volatility: The price of aluminum, the primary raw material, is subject to fluctuations, which can impact profitability if not effectively hedged or passed on to customers.
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Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 30.83 | 23.82 | 26.24 |
| Revenue (₹ Cr.) | 30.31 | 23.35 | 24.41 |
| PAT (₹ Cr.) | 2.63 | 0.65 | 0.58 |
| Net Worth (₹ Cr.) | 10.67 | 8.03 | 7.39 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Swastika Castal | 3.66 | 20.14 | 28.17% | 10.67 |
| Thaai Casting Limited | 3.04 | 22.92 | 13.27% | 72.24 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 1x | 1.25x | 2.42x |
| RII | 2.24x | 4.5x | 7.75x |
| Total | 1.62x | 2.88x | 5.08x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| NII | 10,26,000 | 24,78,000 | 16.11 |
| RII | 10,26,000 | 79,56,000 | 51.71 |
| Total | 20,52,001 | 1,04,34,000 | 67.82 |
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Company Details
- Swastika Castal Ltd.
- 117A, Chittaranjan Avenue, Kolkata, West Bengal-700073
- +91 63539-26282
- compliance@aluminiumcasting.net
- https://sclcasting.com/
Registrar Details
- Accurate Securities & Registry Private Limited
- +91-79-48000319
- swastika.ipo@accuratesecurities.com
- https://www.accuratesecurities.com/ipo-details.php
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